Bitcoin has fallen to a seven-month low, nearing the $80,000 mark. This decline mirrors a wider sell-off in cryptocurrencies, driven by investor concerns over tech valuations and US interest rates. The market sentiment has turned fragile, impacting high-flying AI stocks. Bitcoin has erased its year-to-date gains, raising worries about further significant losses for the digital asset.
Big tech firms are borrowing heavily to fund AI data centers. This surge in debt issuance is raising concerns about the bond market's capacity. While companies remain lightly leveraged now, the need for capital is shifting from cash to public bonds. Projections show AI capital expenditure will significantly increase, requiring substantial financing.
Leaders and top government officials from the richest and leading emerging economies will come together at an exhibition centre near the famous Soweto township in South Africa - once home to Nelson Mandela - to try and find some consensus on the priorities set out by the host country.
It was like the oddest screwball buddy comedy in American politics. The "fascist" and the "communist." The president and the mayor. The old man and the young Turk. Were these really the same two guys who had spent the last many months flicking acid darts at each other?
The man, an older adult with underlying health conditions, was being treated for a bird flu called H5N5 after becoming seemingly the first known human infected by the strain, according to a statement from the Washington State Department of Health on Friday.
Minnesota has the nation's largest Somali community. Many fled the long civil war in their east African country and were drawn to the state's welcoming social programs.
Indian markets surged Friday as traders anticipated a Federal Reserve interest rate cut next month, boosting sentiment. Despite weekly losses amid tech valuation worries, Nvidia saw a jump on potential China sales. Fed officials offered mixed signals on rate policy, creating market anticipation for the December meeting's outcome.
The Securities and Exchange Board of India (Sebi) is set to review its mutual fund and stock broker regulations next month. Key proposals include unbundling broking fees and updating stock broker rules, which were framed 30 years ago. Sebi aims to streamline compliance and enhance ease of doing business.
Bharti Telecom is set to raise between 8,500 and 9,000 crore through a bond sale. This move aims to refinance existing borrowings for the holding company of Bharti Airtel. The company plans to issue bonds with two and three-year maturities. This is a normal refinancing of maturing bonds. Institutional investors are expected to participate in the issue.
