RUSH
Haven rush ‘Trump trades’ back on investor minds
Post-assassination attempt on Trump, investors lean towards safe haven assets like the dollar, yen, franc, gold, and Bitcoin. Expect high volatility in S&P 500 futures and US Treasuries. Trump's fiscal policies and increased tariffs may boost the dollar. PredictIt data and Biden's debate performance significantly influence market confidence.
ET Infographic: Global GenAI gold rush
The generative AI boom has led to the creation some of the biggest tech companies in the past few years. For example, OpenAI, the company behind the viral ChatGPT, is the world's most valuable startup with a market cap of $86 billion. Chipmakers like Nvidia have also enjoyed the GenAI boost.
Rupee dips against dollar amid OPEC forecast jitters, oil importers rush for greenback
OPEC maintained its 2024 and 2025 global oil demand growth forecasts at 2.25 million barrels per day and 1.85 million barrels per day respectively, Reuters said. Crude oil prices softened to $84.45 per barrel versus $84.66 yesterday, according to Reuters. However, oil marketing companies are buying crude in anticipation that it might rise further, traders said.
Rushing into high-return mutual funds could disappoint
Investors are heavily relying on past returns when investing in equity mutual funds, which can result in below-average returns. Analysts note a pattern of outperformance followed by underperformance in funds. Wealth managers recommend careful analysis before investing in funds that have significantly outperformed.
2,500 general railway coaches being manufactured, nod for another 10,000 granted: Ashwini Vaishnaw
Railway Minister Ashwini Vaishnaw apprised on Friday that around 2,500 new general coaches are being manufactured under a special drive, and approval for manufacturing another 10,000 such coaches has been granted. The initiative by the central government, he said, focuses on augmenting railway infrastructure across the country.
UP Hathras stampede: Crowd rushed to seek blessings from 'Bhole Baba', says Sub Divsional Magistrate report
The prime facie report suggests that the stampede occurred as devotees rushed to seek blessing from 'Bhole Baba', the preacher at the religious congregation Satsang, as he was about to leave the venue after the prayer.
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Hathras stampede: Devotees' rush to collect soil from around Bhole Baba's feet triggered the tragedy?
The deadly stampede in Hathras happened at a gathering by Bhole Baba, a former policeman turned preacher, with a large following. The tragedy resulted in 116 deaths after a 'satsang' in Phulrai village.
Should you be rushing to pick up the latest AI smartphone?
Samsung leads the smartphone industry with cutting-edge genAI features, while Apple introduces the groundbreaking Apple Intelligence. Sundar Pichai unveils the innovative Gemini AI assistant, and Craig Federighi presents Apple Intelligence, reshaping the future of smart devices with powerful generative models.
IPO rush amid market rally boosts demand for independent directors
Amid IPO frenzy, companies race to appoint independent directors with specific skill sets crucial for growth. Women lead key committees, while former bureaucrats remain sought after. The process overlooks competencies, favoring recommendations from bankers and auditors. Specialized firms aid in identifying professionals for board roles, ensuring compliance with listing regulations.
NASA: Boeing Starliner crew enjoys extended stay on ISS, they're in no 'rush to come home'
NASA extends Butch Wilmore and Sunita Williams' mission aboard Boeing's Starliner due to technical challenges like thruster failures and helium leaks. Despite setbacks, NASA assures their safety and plans for a return mission. Boeing faces public scrutiny despite mission success, amid comparisons with SpaceX's Crew Dragon. Both companies play pivotal roles in NASA's crewed missions to the ISS, navigating a competitive landscape in commercial space travel.
Darshan’s murder trial to be turned into a feature film? Directors rush to register movie titles
Filmmakers have sought to register titles like D-Gang, Pattanagere Shed, and Khaidi No 6106. "D-Gang" refers to Darshan’s nickname, D-Boss, "Pattanagere Shed" denotes the alleged murder site, and "Khaidi No 6106" is Darshan's under-trial prisoner number at Parappana Agrahara Prison. However, these registration requests have reportedly been rejected by the film chamber.
Indians battle intense heat with 'mad rush' for air conditioners, beer
Demand for beer in India is at a multi-year high, and air conditioner sales are skyrocketing due to the intense, unprecedented heat affecting parts of the country. Temperatures in the Indian capital Delhi and the western state of Rajasthan have soared to almost 50 degrees Celsius in recent weeks. Scientists attribute the increasingly severe hot summer to human-driven climate change.
Hold your horses, Morningstar tells Quant MF investors rushing for the exit door
Quant Mutual Fund's net asset values experienced a slight dip on Monday, with the Quant PSU Fund seeing the largest decrease of up to 1.09%. Small-cap and mid-cap funds also saw minor decreases of 0.66% and 0.94%, respectively.
ESG consultancies and services on the rise as companies rush to get sustainability tag
Emerging consultancies and ESG services companies have a lot of opportunities but struggle due to lack of awareness and data.
Fire breaks out at factory in east Delhi, five tenders rushed to spot
A fire broke out at a garments factory in east Delhi's Gandhi Nagar area on Tuesday morning. Fortunately, no casualties have been reported. The Delhi Fire Service was informed at 9.55 am, and five fire tenders were deployed to extinguish the blaze in the two-storey factory. However, the narrow lanes and hanging wires in the area made it challenging for the fire tenders to reach the spot quickly. The dousing operation is still ongoing.
Mumbai local main line hit by signal failure: Trains get delay during rush hours
A signalling glitch near Vikhroli station disrupted Mumbai's suburban train services on Thursday morning, causing delays and overcrowding. The fault on the UP fast line led to trains being held up for an hour. Commuters experienced delays of 20-30 minutes, with some resorting to walking on tracks. The issue, affecting over 30 lakh commuters, was resolved by 8:05 am.
Gold rush grips Asia despite near-record prices
Gold demand in Asia is increasing despite near-record high prices, driven by geopolitical and economic uncertainty. Spot gold trades over $2,300 per ounce, up 12% year-to-date, and 6% below the record high. Lower confidence in real estate and equities also fuels the demand.
Why your MF purchases on June 4 did not go through the same day?
Investors rushed to invest lump sums in equity mutual fund schemes on June 4 after the stock market fell post the electoral verdict. They expressed disappointment on social media as they received the units at the NAV of the next day, missing out on taking advantage of the market rebound.
IPO gold rush for investors; second-hand EV sales sputter
Happy Monday! Investors in new-age startups are set for huge gains as these firms list on the public markets. This and more in today’s ETtech Morning Dispatch.
AI 'Gold Rush' for chatbot training data could run out of human-written text
AI systems such as ChatGPT may soon face a scarcity of online data that fuels their intelligence growth. A study by Epoch AI predicted a depletion in the publicly available training data within the next decade, likening it to a "literal gold rush" and raising concerns about the sustainability of AI advancement. Tech giants are racing to secure quality data sources, with future options potentially involving sensitive private data or synthetic data generated by AI.
Netskope crosses $500 million in subscription revenue, in no rush to go public
Chief executive Sanjay Beri said the company has been making internal preparations for an initial public offering (IPO) but there was no rush in an election year.
Fed officials see inflation falling, signal no rush to cut rates
Federal Reserve's John Williams believes monetary policy is restrictive, aiming to bring inflation down to the 2% target.
Anticipating INDIA bloc victory, women rush to open India Post accounts to get Rs 8,500 per month
Bengaluru's General Post Office is crowded with women, mainly from minority communities, rushing to open India Post Payment Bank accounts. They believe they'll receive Rs 8,500 monthly if the INDIA bloc wins the election. The Chief Post Master clarified it's a rumor, but the rush persists, with hundreds of accounts opened daily.
What holiday plans? Indians tripping on last-minute rush
Indian travellers are increasingly opting for last-minute bookings for both domestic and international destinations due to factors like more visa-free options, lower average age of travellers, rising disposable incomes and availability of spontaneous booking choices.
'Captivated': Al Pacino to play mafia boss again. Filming begins soon, Know about people behind film
In 'Captivated', Al Pacino will portray Calabrian mafia boss Saro, who kidnaps the grandson of one of the world’s richest men, Jean Paul Getty. He puts the entire organization in danger when he falls in love with his victim’s mother during the ransom negotiations.
Digital India sparks rush for new-age software engineers
Demand for software engineers trained in emerging technologies is rising, creating 9-10 lakh additional jobs in the next 18 months. The surge is fueled by advancing technology and digital adoption, leading to fresh opportunities in AI and related fields like AI specialists and data scientists. GenAI is enabling non-technical employees to become citizen developers.
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