The Daily

The Securities and Exchange Board of India (SEBI) has proposed a complete revamp of its mutual funds regulations aimed at simplifying the nearly three-decade-old framework, removing redundant provisions and improving investor protection.

The mutual fund rulebook has become “voluminous and complex” after years of piecemeal amendments, and so “SEBI has undertaken an exercise to comprehensively review the MF Regulations” to make them easier to understand and implement,

 » Read more about: SEBI proposes overhaul of mutual fund regulations to simplify rules and cut investor costs  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy.

 » Read more about: Is This The Best Small-Cap Tech Stock Under $10? Bullish Analyst Comments  »

Investing.com — Mizuho set a cautious tone on the restaurant sector as an industry-wide price war squeezes margins, but said pizza quick-service chains and casual dining names are best positioned to outperform.

Restaurants are locked in “a hyper-value environment” as higher post-pandemic menu prices drive consumers toward groceries and convenience stores.

 » Read more about: Mizuho turns bullish on pizza chains, flags burger brands as laggards  »

 » Read more about: Not Nearly Enough People Are Talking About This News From Tesla's Earnings Report  »

Cathie Wood’s investment manager Ark Invest bought $30.9 million worth of shares in Jack Dorsey’s fintech company Block Inc (XYZ) on Monday.

Ark added a total of 385,585 XYZ shares across three of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Fintech Innovation (ARKF), according to an emailed disclosure on Tuesday.

 » Read more about: Cathie Wood's Ark Invest Adds $30.9M of Shares in Jack Dorsey's Block  »

Palantir shares are trading flat Tuesday after a powerful rally pushed the stock to a new all-time high on Monday.

 » Read more about: What’s Going On With Palantir Technologies Stock Tuesday?  »

The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to invigorate the job market. 

Here’s what to know about the Fed’s meeting on Wednesday: 

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 » Read more about: Federal Reserve likely to cut key interest rate: What to know  »

 » Read more about: Fed likely to cut rates again despite 'no risk-free' path for policy, analysts say  »

 » Read more about: US Stock Market today: Dow, Nasdaq, S&P 500 hit record high as Federal Reserve starts its policy meeting — Check details  »

 » Read more about: As Dow Hits Record, High-Yield Dogs of the Dow Still a Bargain  »