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Leopold Aschenbrenner’s Situational Awareness unwinds hedge fund with up to $24B after leveraged AI bets fail
Leopold Aschenbrenner’s hedge fund Situational Awareness has completely unwound its investment portfolio after suffering heavy losses on its AI and software trades, according to CNBC’s…
RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banks
The Reserve Bank of India (RBI) on Thursday issued 10 amendment directions revising its Basel Pillar 3 disclosure framework for commercial banks, small finance banks…
Why Nvidia, Nebius, Amazon and AI stocks are rising today as Microsoft Azure growth boosts sector
AI stocks jumped sharply on Thursday as investors cheered strong AI demand, especially after Microsoft reported better-than-expected cloud growth. The Nasdaq Composite rose 2%, the…
GSTN puts proposed e-way bill changes on hold after industry feedback
The Goods and Services Tax Network (GSTN) has put on hold two proposed enhancements to the e-way bill system that were scheduled to come into…
US core inflation eases to 3.3% in June as September Fed rate hike remains in focus
The Federal Reserve’s preferred inflation measure, the core Personal Consumption Expenditures (PCE) price index, eased to 3.3% in June from 3.4% in May, according to…
Selling stakes in the beautiful game. What could go wrong?
Football stirs heated passions. But Gianni Infantino, president of FIFA, pushes them to boiling point. On July 28th football’s governing body unveiled plans to raise…
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IndiGo’s Rahul Bhatia says pilot duty rules make aviation ‘uncompetitive’, calls for review IndiGo’s managing director Rahul Bhatia seeks a review of pilot flight duty…
Intercontinental Exchange to buy MarketAxess in $6B deal, expands bond trading
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has agreed to buy bond trading platform MarketAxess Holdings in an all-cash…
The Rise of Million-Dollar Companies With Just One Employee
Ben Broca launched a company last December that offers AI tools to entrepreneurs. He’s already added 10,000 paying customers and is on track to bring…
Apple plans to lease iPhones for $17.99 a month: Here’s how
Apple has started a new leasing program called “Apple Upgrade.” It lets customers use the latest iPhones and other Apple devices by paying a small…