The US stock market keeps setting records as AI excitement builds
By STAN CHOE, AP Business Writer
NEW YORK (AP) — Wall Street keeps setting more records, and excitement about the artificial-intelligence industry keeps leading the way.
The S&P 500 climbed 0.4% to set an all-time high following mixed trading on Monday. The Dow Jones Industrial Average dipped 63 points,
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Read MoreMore than two-third of mutual fund investors now have at least one passive fund, shows Motilal Oswal survey
About 85% plan to hold passive funds for more than three years, indicating that investors are using them as long-term portfolio building tools rather than short-term trading instruments.
More than two-third of mutual fund investors in India, or nearly 68% have exposure to at least one passive fund,
Read MoreCitadel CEO and Republican donor Ken Griffin warns US risks losing top foreign students to visa hurdles.
Billionaire investor Ken Griffin has warned that some of the brightest students from countries like India might never make it to the US and that this could hurt the country’s future. In a recent interview with Bloomberg, the Citadel CEO said the real loss isn’t the $100,000 cost of an H-1B visa, but it’s when a talented student in India or a math and physics prodigy in China chooses to stay home instead of coming to the US.
Read MoreXRP Traders Eye Bullish Breakout Toward $3.10. Here's Why
XRP spiked to $3.05 on doubled turnover before fading into consolidation, with whales offloading more than $300M as institutional desks repositioned ahead of a pivotal Fed decision.
The $2.99 floor held on repeated defenses, leaving price boxed between $2.99 and $3.05 while ETF deadlines and rate speculation loom.
News Background
XRP gained 3% in the 24 hours to Oct.
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Read MoreSEBI chief urges mutual fund trustees to strengthen early warning systems, oversight
SEBI Chairman Tuhin Kanta Pandey on Monday urged mutual fund trustees to adopt robust early warning systems that can detect irregularities and prompt timely interventions to safeguard investor interests.
Speaking at the Leadership Dialogue for Trustees of Mutual Funds, Pandey emphasised that trustees form the first line of defence in ensuring the integrity of systems and processes within the mutual fund ecosystem.
Read MoreThe Burst
Insane Revenue Spike Ahead for Amazon?
The past few weeks have been difficult for Amazon investors. After the company announced slowing revenue growth and weaker-than-expected financial guidance, the stock price plummeted.
Although investors were likely troubled by Amazon’s poor quarterly results, they may have missed one of the most important figures in the company’s filings with the Securities and Exchange Commission (SEC).
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Read MoreThe Ivy
How Buffett Earns $2.7 Billion From 3 Stocks
It’s no secret that Warren Buffett, CEO of Berkshire Hathaway, has a soft spot for dividend paying stocks. Perhaps more surprisingly is that Buffett keeps a $157 billion cash hoard on the Berkshire balance sheet and refuses to pay a dividend to his own shareholders.
The reasoning is simple, Buffett thinks he and Berkshire can earn a better return on that cash than shareholders can.
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