technology stocks

Wall Street experienced a downturn, led by technology stocks, as the S&P 500 ended its nine-day rally. The Dow and Nasdaq also declined ahead of the Federal Reserve's meeting, where interest rates are expected to remain unchanged. Concerns about potential inflation, driven by tariff uncertainties, and the recent economic contraction are weighing on the market, prompting companies to adjust forecasts.

Ather Energy, the Indian electric two-wheeler manufacturer, recently debuted on the stock market, listing on both NSE and BSE. Ola Electric's CEO, Bhavish Aggarwal, congratulated Ather on this milestone, emphasizing the importance of collaboration in the growing Indian EV sector. Ather's CEO, Tarun Mehta, expressed excitement about building the EV space together, acknowledging the two-wheeler segment's leading role.

Billionaire Paul Tudor Jones warns of AI's potential threat to humanity, citing experts' concerns about biohacking and weaponization. Speaking on CNBC, Jones highlighted a 10% chance of AI causing significant human loss within 20 years.

Stocks climbed on Wednesday, buoyed by China's economic support measures and anticipation for US-China trade talks. The S&P 500 and Dow saw gains, though tech stocks lagged. Disney's strong earnings boosted the market, while trade concerns and tariff impacts continue to weigh on investor sentiment and company forecasts, creating uncertainty despite solid employment figures.

AI and technology are no longer mere tools but transformative forces that are revolutionizing the fashion sector’s approach to sustainability. How, let’s see.

The NSE has introduced the Nifty Waves Index, encompassing 43 listed companies across media, entertainment, and gaming. This index aims to offer comprehensive insights into the performance of India's dynamic creative sector. Stock weights are based on free float market capitalization, capped at 5%, with semi-annual reconstitution and quarterly rebalancing.

Wall Street faced losses as trading commenced, influenced by declining oil prices and a gold rally. The S&P 500 ended its winning streak, while the Nasdaq fell due to tech stock declines. Warren Buffett's succession plans impacted Berkshire Hathaway. Oil prices dropped after OPEC+ announced increased production. New tariffs on foreign films, announced by President Trump, affected entertainment stocks.

Microsoft has surpassed Apple to become the world's most valuable company, boasting a market capitalization of $3.235 trillion, driven by strong cloud and AI demand. Apple's market cap closed at $3.07 trillion, while Nvidia secured the third position at $2.76 trillion. Apple faces headwinds from tariffs, leading to a significant stock decline this year.

Global markets displayed mixed performance as investors awaited the US Federal Reserve's policy decision amid pressure to cut rates. Asian markets saw initial gains following China's stimulus measures and planned trade talks with the US, while European markets were mostly down. US stocks closed lower due to tariff-related uncertainty and disappointing earnings reports, impacting consumer confidence and trade deficits.

Warren Buffett and Bill Gates attribute their extraordinary success to a singular trait: focus. From early investments in stocks and a passion for software, both demonstrated unwavering dedication. This commitment, combined with long-term strategies and learning from mistakes, enabled them to build empires and maintain leadership in their respective fields, emphasizing the power of sustained focus.

Indian defence stocks surged amid India-Pakistan tensions and anticipation of the Rafale-M fighter jet deal. Companies like Paras Defence and Hindustan Aeronautics saw significant gains. Experts suggest caution for new investors due to potentially short-lived tensions.

Globally, a significant portion of food is wasted daily, contributing to greenhouse gas emissions and impacting food security. Solutions like improved demand forecasting, smart storage, creative repurposing of scraps, and mindful consumption can help. Collaboration between consumers, businesses, and governments is crucial to reduce waste, nourish communities, and achieve a sustainable, food-secure future.

Republican lawmakers have urged the SEC to delist 25 Chinese companies from US stock exchanges, citing national security concerns and alleged ties to the Chinese military. The lawmakers assert that these companies benefit from American investment while advancing the objectives of the Chinese Communist Party.

Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, rallied strongly in trade on Friday, the first trading day of the month before ending somewhat muted. While Nifty50 rose over 250 points to cross 24,550, BSE Sensex was above 81,100 intraday.

Warren Buffett, the legendary investor, acknowledged Tim Cook's role in Berkshire Hathaway's success. He credited Apple's CEO for significant financial gains. Buffett announced his retirement at the annual meeting. This marked the end of an era. Greg Abel, the vice chairman, is set to succeed Buffett. Abel will lead Berkshire with a focus on long-term value.

Kash Patel, the newly appointed FBI director and a close associate of Donald Trump, is under scrutiny following allegations of misconduct. Reports suggest Patel is spending more time at nightclubs than at FBI headquarters, raising concerns about his leadership. Senate Democrats have called for an investigation into his use of agency resources.

Amazon is revamping its compensation strategy, rewarding veteran top performers with up to 110% of their pay range for consistent excellence over four years. First-time high achievers and those with fluctuating performance will see reduced payouts.

Eternal Ltd, formerly Zomato, reported a consolidated net profit of Rs 39 crore for the quarter ending March 31, 2025, a decrease from the previous year's Rs 175 crore. Revenue increased to Rs 5,833 crore, driven by its various segments, including Zomato and Blinkit. Eternal Ltd was known as Zomato Ltd till March this year.

Berkshire Hathaway's shareholders are considering the company's future as Warren Buffett steps down as CEO, with Greg Abel endorsed as his successor. While stakeholders acknowledge stability under Abel, some express concern over the loss of Buffett's unique insight. The $1.16 trillion organization faces uncertainty regarding its trajectory post-Buffett, despite confidence in Abel's leadership and potential adjustments to business approaches.