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Lenskart IPO: These Mutual Funds Have Subscribed And These Haven't

Twenty-one domestic mutual funds have applied through 59 schemes, the eyewear firm said in an exchange filing on Thursday. They have collectively netted 35.34% of the anchor portion.

SBI, Kotak, ICICI Prudential, HDFC and Axis were among the major fund houses in this category.

The IPO anchor book had received bids worth Rs 68,000 crore on Wednesday,

 » Read more about: Lenskart IPO: These Mutual Funds Have Subscribed And These Haven't  »

Warren Buffett's Berkshire Hathaway Was Just Downgraded to Sell by a Wall Street Analyst — but He Somehow Missed the Biggest Risk Factor

The Oracle of Omaha’s retirement at the end of this year isn’t the biggest concern for Berkshire Hathaway shareholders.

Though investing on Wall Street offers no certainties, seeing Berkshire Hathaway‘s (NYSE: BRK.A)(NYSE: BRK.B) billionaire CEO Warren Buffett run laps around the benchmark S&P 500 (SNPINDEX: ^GSPC) in the return column over long periods has been pretty close to a guarantee.

 » Read more about: Warren Buffett's Berkshire Hathaway Was Just Downgraded to Sell by a Wall Street Analyst — but He Somehow Missed the Biggest Risk Factor  »

US federal government shutdown could cost economy up to $14B: Budget office

ISTANBUL

The federal government shutdown in the US could cost the American economy between $7 billion and $14 billion, reducing fourth-quarter gross domestic product (GDP) by up to 2% due to a spending slip, the Congressional Budget Office (CBO) said Wednesday.

The shutdown is on day 29,

 » Read more about: US federal government shutdown could cost economy up to $14B: Budget office  »

NRG Energy (NRG) Gains Bullish Outlook from Jefferies on LS Power Portfolio Acquisition

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: NRG Energy (NRG) Gains Bullish Outlook from Jefferies on LS Power Portfolio Acquisition  »

ETFs will usher institutions into altcoins, just like Bitcoin: Analyst

Institutional investors may turn their attention to altcoins as the next wave of cryptocurrency exchange-traded funds (ETFs) arrives in the United States, according to market analysts.

The US Securities and Exchange Commission (SEC) received at least five new altcoin ETF filings during the first half of October, despite the ongoing US government shutdown stalling progress.

 » Read more about: ETFs will usher institutions into altcoins, just like Bitcoin: Analyst  »

AI Spending Worries Send S&P 500 and Nasdaq into Retreat

The S&P 500 and Nasdaq Composite faced declines Thursday, fueled by slumping Meta and Microsoft shares over escalating AI investment costs. This downturn coincided with investor apprehension about a more hawkish Federal Reserve policy. The market’s reaction came despite a mixed bag of earnings reports.

Meta’s forecast of significantly increased capital expenditures linked to AI spooked investors,

 » Read more about: AI Spending Worries Send S&P 500 and Nasdaq into Retreat  »

Amazon's stock has been badly lagging the market. Now investors are pinning big hopes on earnings.

Good morning and welcome to First Trade. The vote over Elon Musk’s $1 trillion pay package is almost upon us. Here’s where key shareholders stand on it.

Rundown

But first, a stock getting crushed by its peers.

Market musings

Amazon at a crossroads

Amazon CEO Andy Jassy

Noah Berger/Noah Berger

You flip on Prime Video for Thursday Night Football and open your laptop.

 » Read more about: Amazon's stock has been badly lagging the market. Now investors are pinning big hopes on earnings.  »

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