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BusinessUS stocks have rallied despite a sharp rise in Treasury yields, driven by AI-led earnings growth that offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. He warns that with equity risk premiums below 4%, the rally depends on AI investments delivering expected profits, increasing the risk of a sharp market correction.
ET Markets·
BusinessThailand’s Securities and Exchange Commission will implement 11 new regulations for cryptocurrency ETFs starting October 16. The framework allows funds tracking Bitcoin and Ethereum, with listings limited to the Stock Exchange of Thailand. Fund managers must comply with investment, custody, and investor protection rules, and digital assets must be held by licensed Thai custodians. The launch date does not ensure immediate trading.
NDTV Tech·
Entertainment"The Social Reckoning" is a sequel to the 2010 film "The Social Network," focusing on Facebook about 15 years after its founding. It follows journalist Jeff Horwitz investigating Frances Haugen, a whistleblower from Facebook's Civic Integrity Team. The film highlights Facebook's growth to 3 billion users and Mark Zuckerberg's rise to a net worth of a quarter trillion dollars, continuing the story of the company's impact and controversies.
HT Health·
PoliticsThe BJP secured a historic win in Nandigram, the stronghold of Chief Minister Suvendu Adhikari. Suvendu made history by breaking all previous records in the constituency, marking a significant political milestone for the party in the region.
Amar Ujala··Nandigram
PoliticsRavindra Chavan questioned why the Congress party, which has been rejected by state voters for decades and relied on allied parties, is now trying to hide its desperation by making false allegations against constitutional institutions and the electoral process. The BJP accused Rahul Gandhi of changing his stance according to convenience, calling it the party's nature.
News18 Hindi·
PoliticsMany Indian children living near the India-Nepal border are compelled to cross into Nepal for education because of the absence of proper roads and bridges on the Indian side. This infrastructural gap forces students to travel across the border daily to attend schools, highlighting the urgent need for improved connectivity in these border areas.
Amar Ujala·
ET Markets·
US stocks have rallied despite a sharp rise in Treasury yields, driven by AI-led earnings growth that offsets pressure from higher interest rates, says valuation expert Aswath Damodaran. He warns that with equity risk premiums below 4%, the rally depends on AI investments delivering expected profits, increasing the risk of a sharp market correction.
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