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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
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Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
Blockchain
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The great crypto reckoning: Wake up and get real about this class of pseudo assets
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What lies ahead for Altcoins: Looking at the future of diversified portfolios
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28.01 / 04:53
28.01 / 04:53
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Asia shares are mixed after a US tech selloff as a Chinese rival joins the global AI frenzy
Asian shares are trading mixed after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy
28.01 / 02:31
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Income tax payers in India have good reason to feel neglected
Subscribe to enjoy similar stories. As the countdown to the budget for 2025-26 enters its final phase, it is about time individual taxpayers got a look-in from finance minister Nirmala Sitharaman. They are yet to receive the kind of largesse given by her to corporates in 2019, when the rate of corporate income tax was cut from 30% to 22%.
28.01 / 02:31
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A critical look at Trump’s economic plans
Subscribe to enjoy similar stories. The second presidency of Donald Trump is off to a wild start. Amid the freeing of violent criminals, attacks on DEI and affirmative action, and the violation of the Constitution, you might have lost sight of his economic policies.
28.01 / 02:31
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Why climate-change ideology is dying
Subscribe to enjoy similar stories. Momentous social movements begin to die the moment adherents figure out their leaders don’t believe what they say. Liberal Protestantism’s long decline started in the 1950s, when congregants began to wonder if their ministers still believed the old creeds (they didn’t).
28.01 / 02:31
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DeepSeek sends a shockwave through markets
Subscribe to enjoy similar stories. In a flash, euphoria over artificial intelligence (AI) has turned to panic. Since early trading began on January 27th the market value of Nvidia, an AI chipmaking champion, has slumped by 17% at the time of writing.
28.01 / 02:07
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India central bank's liquidity bazooka raises rate cut hopes
rate cut next month. The Reserve Bank of India's (RBI) measures, expected to collectively infuse 1.5 trillion rupees ($17.39 billion) into the banking system, come after months of a cash crunch in the banking system that had pushed up overnight and short-term lending rates.
28.01 / 02:07
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PAM
Donald Trump: DeepSeek's AI should be a 'wakeup call' to US industry
Donald Trump said on Monday that Chinese startup DeepSeek's technology should act as spur for American companies and said it was good that companies in China have come up with a cheaper, faster method of artificial intelligence.
28.01 / 02:07
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How Google maps plans to handle the 'Gulf of America'
Trump administration on Friday declared that the Gulf of Mexico had been renamed the Gulf of America, but popular mapping services from Google and Apple have continued showing the old name.
28.01 / 02:07
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Citi
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Hamas government says 300,000 displaced return to north Gaza
displaced Palestinians streamed into the north of war-ravaged Gaza on Monday after Israel and Hamas reached a deal for the release of another six hostages.
28.01 / 02:07
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Gold holds ground as traders brace for Fed rate decision
Gold prices firmed on Tuesday as focus shifted to the Federal Reserve's first meeting of 2025, while investors try to decipher how U.S. President Donald Trump's policies will impact the U.S. central bank's views on growth and inflation.
28.01 / 02:07
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Nasdaq drops 3% as China's DeepSeek AI model hits tech shares
AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value, the deepest ever one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September.
28.01 / 02:07
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In phone call with Modi, Trump calls for progress toward 'fair' India-US trade ties: White House
Donald Trump, in a «productive» phone call with Prime Minister Narendra Modi, sought a move towards a «fair» bilateral trading relationship and deeper India-US cooperation, according to the White House. The two leaders also discussed plans for Modi to visit the US, the White House said in a readout of the call on Monday.
28.01 / 02:07
28.01 / 01:25
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Justice Deptartment prosecutors who worked on trump investigations fired
James McHenry on Monday fired more than a dozen prosecutors who worked on the two criminal investigations into Donald Trump for special counsel Jack Smith, saying they could not be trusted to «faithfully implement» the president's agenda, a Justice Department spokesperson said.
28.01 / 01:25
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Nvidia says DeepSeek advances prove need for more of its chips
Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek's services. Nvidia issued a statement on Monday after its shares tumbled 17% to $118.58 on investor concerns that DeepSeek had matched rivals such as OpenAI using far fewer Nvidia chips than U.S. firms. Nvidia rival Advanced Micro Devices' shares also slid more than 6% to $115.01. «DeepSeek's work illustrates how new models can be created using that technique, leveraging widely-available models and compute that is fully export control compliant,» Nvidia said in its statement. One of DeepSeek's research papers showed that it had used about 2,000 of Nvidia's H800 chips, which were designed to comply with U.S. export controls released in 2022, rules that experts told Reuters would barely slow China's AI progress.
28.01 / 01:25
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Apple
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Asian stocks drop after AI jitters hit US equities
A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.
28.01 / 01:25
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World’s richest people lose $108 billion after DeepSeek selloff
Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion, a 20% drop, while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss was larger in absolute terms, but represented just 12% of his fortune, according to the Bloomberg Billionaires Index. Dell Inc.’s Michael Dell lost $13 billion, and Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao shaved $12.1 billion.
28.01 / 01:25
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social
Scott Bessent confirmed as treasury secretary, giving him a key role in extending Trump's tax cuts
Scott Bessent on Monday to serve as President Donald Trump's treasury secretary, giving him the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn't jeopardize growth.
28.01 / 01:25
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Stocks in news: Tata Steel, Bajaj Auto, Cipla, ITC, Coal India
Tata Steel, Bajaj Auto, Cipla, ITC, Coal India among others will be in focus due to various news developments and third quarter results. Tata Steel Tata Steel on Friday reported a 36% year-on-year fall in its December quarter consolidated net profit at Rs 327 crore versus Rs 513 crore posted in the year ago period.
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