Category Archives: Business

Business

Llama 4: Meta Platforms (META) is anticipated to launch its new large language model ‘Llama 4’ later this month

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Following at least two previous delays, according to a report from The Information on Friday, the company is striving to take the lead in the AI sector.

Nonetheless, the release of Llama 4 might be postponed once more, the report indicated, citing sources who are familiar with the situation.

Major tech companies have been heavily investing in AI infrastructure since the emergence of OpenAI’s ChatGPT, which transformed the technology landscape and spurred investment in machine learning.

The report mentioned that one reason for the delays is that Llama 4 fell short of Meta’s expectations in certain technical benchmarks, especially regarding reasoning and mathematical tasks.

It was also noted that the firm was worried that Llama 4 might not perform as well as OpenAI’s models in facilitating human-like voice conversations.

Under increasing pressure from investors to demonstrate returns on investments, Meta is planning to allocate up to $65 billion this year to enhance its AI infrastructure.

Additionally, the emergence of a popular, cost-effective model from a Chinese tech company, DeepSeek, calls into question the notion that creating the top AI model necessitates billions in funding.

Expertise of Meta Llama 4

According to the report, Llama 4 is expected to incorporate some technical elements from DeepSeek, with at least one version anticipated to utilize a machine-learning technique known as the mixture of experts method, which trains different parts of models for specialized tasks, enabling them to excel in those areas.

Meta is also considering initially launching Llama 4 through Meta AI and subsequently releasing it as open-source software, the report stated.

Last year, Meta introduced the largely free Llama 3 AI model, which can engage in conversations in eight languages, produce higher-quality computer code, and tackle more complex mathematical problems compared to earlier versions.

Business

Tariffs Trigger Another Stock Market Collapse—Losses Near $5 Trillion As Dow Dives Another 2,000 Points

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Topline Investors did not experience the recovery they may have anticipated on Thursday following the historic losses, as stocks once again fell significantly while the market processes President Donald Trump’s tariffs, amidst China imposing a 34% retaliatory tariff on U.S. imports.

Thursday marked the steepest daily drop since 2020 for all three major U.S. indices—the Dow Jones Industrial Average (-4%, or 1,680 points on Thursday), the S&P 500 (-5%), and the tech-focused Nasdaq (-6%)—and the situation worsened on Friday.

The Dow dropped 5.1%, or roughly 2,100 points, by early afternoon, extending its two-day decline to around 3,700 points, while both the S&P and Nasdaq fell about 5.5% each on Friday, resulting in a cumulative 10% drop for the S&P and an 11% decrease for the Nasdaq since Trump’s tariff announcement on Wednesday.

All three indices are down at least 10% from their peak values achieved a few months ago, with the Dow and S&P reaching their lowest levels intraday since May, and the Nasdaq hitting its most affordable point since April—officially entering correction territory—and the Nasdaq falling into a bear market as it traded over 20% below its all-time high in December, marking its first bear market since 2022.

Stocks have declined to their lowest points in several months, with both the Dow and S&P reaching their lowest intraday values since May, while the Nasdaq touched its least expensive level since April.

Beyond the effects of the continued negative sentiment stemming from the tariffs of 10% or more on most imports announced on Wednesday, investors also reacted negatively to the retaliatory measures led by China and Trump’s steadfastness, as the president stated on Friday via social media that his “POLICIES WILL NEVER CHANGE.”

The selloff erased more than $4.9 trillion in market capitalization from stocks listed on the S&P, according to data from FactSet, with Apple, Nvidia, and Tesla comprising a combined loss exceeding $1 trillion.

Which Stocks Have Declined The Most Due To Tariffs?

Shares of American companies heavily reliant on China for a significant share of their revenues were especially impacted, with the iPhone maker Apple, coffee giant Starbucks, and Elon Musk’s Tesla each declining by at least 7%. Since Wednesday, the biggest percentage losers among American firms valued at over $100 billion include Citigroup, ConocoPhillips, Boeing, Bank of America, Starbucks, Qualcomm, Morgan Stanley, Goldman Sachs, Advanced Micro Devices, Wells Fargo, and Apple, with shares of each losing 15% or more during the two-day span.

Trump urged Federal Reserve Chairman Jerome Powell to promptly lower interest rates; however, Powell indicated no inclination to do so in a speech on Friday, mentioning it is “too soon” to assess the forthcoming monetary policy decisions. Powell did, however, issue a stark warning about the economic repercussions of tariffs, forecasting that they would lead to “higher inflation and slower growth.”

Business

Ulta Beauty’s fourth-quarter performance exceeded expectations, leading to a surge in its shares

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Following the report, shares of Ulta Beauty Inc (NASDAQ: ULTA) rose 7% during after-hours trading. The company revealed earnings per share of $8.46 with a revenue of $3.5 billion. Analysts surveyed by Investing.com had predicted an EPS of $7.11 and revenue of $3.46 billion.

Comparable sales grew by 1.5%.

For the entire fiscal year 2025, the company projected EPS in the range of $22.50 to $22.90 with revenue expected between $11.5 billion and $11.6 billion, contrasting with estimates of $24.04 EPS and $11.26 billion in revenue. Comparable sales are anticipated to fall between 0% to 1%.

The company stated, “Fiscal 2025 will be a pivotal year as we make purposeful investments to fuel our future growth and move quickly to optimize our business.”

ULTA Beauty: is this perennial leader encountering new obstacles?

As valuations soar in 2024, numerous investors feel hesitant to invest more in stocks. While opportunities in the stock market always exist, identifying them now seems tougher than it was a year ago. If you’re unsure where to turn next for investment, one of the most effective strategies to uncover promising opportunities is to examine this year’s top-performing portfolios. ProPicks AI presents six model portfolios from Investing.com that highlight the best stocks for investors to consider buying at this moment. For instance, ProPicks AI has identified nine under-the-radar stocks that have surged over 25% this year alone. The newly selected stocks that made the monthly listings could potentially yield substantial returns in the years ahead. Could ULTA be among them?

Business

Tesla stock falls as worries grow over Trump’s tariff proposals

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Tesla Inc. stock experienced a decline on Monday as investors reacted to increasing macroeconomic uncertainty following U.S. President Donald Trump’s announcement of new tariffs.

Key Information: Trump revealed intentions to implement 25% tariffs on imports from Canada and Mexico, along with 20% tariffs on goods from China, effective Tuesday. This announcement has heightened worries about rising costs for American consumers and the likelihood of increased inflation.

Economic indicators have already shown signs of deterioration, with consumer spending falling in January and some GDP predictions turning negative. Inflation continues to surpass the Federal Reserve’s 2% target, with the Consumer Price Index jumping 3% in January, which was higher than economists had anticipated.

While Treasury Secretary Scott Bessent diminished the inflationary consequences of the tariffs by stating that China would bear the costs, investors remain wary. St. Louis Federal Reserve President Alberto Musalem noted that short-term inflation expectations have “increased significantly” in recent weeks.

The Federal Reserve has kept interest rates steady at a target range of 4.25% to 4.5% since January, and the likelihood of maintaining this range during the next meeting stands at 93%, as per the CME Group’s FedWatch tool.

Tesla Stocks Monday report

TSLA Stock Movement: Tesla shares fell by 2.84% to $284.65 at the close of the market on Monday.

Business

Big Breaking: RBI reduce interest rate, Will we need to visit the bank to adjust our EMI now? Please clarify this confusion

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The Reserve Bank of India has provided a significant benefit to the middle class by announcing a reduction in the repo rate (RBI Repo Rate). The repo rate has been lowered by 0.25%, bringing it down from 6.50 to 6.25. Will I need to visit the bank to adjust my EMI?

How the EMI will decrease following a cut in the repo rate

It is anticipated that banks might soon reveal a decrease in the interest rates on your loans. If banks implement interest rate reductions, the EMIs for your personal loan, car loan, and home loan will decrease.

You might be wondering how the RBI’s repo rate cut will affect your loan EMI. In fact, banks offer loans based on two types of interest rates.

First: banks offer loans at a fixed interest rate, meaning the EMI remains the same from start to finish, regardless of whether the RBI raises or lowers the repo rate. Fixed-rate loans will not be impacted by changes in the repo rate.

Second: if your loan is on a floating rate, then the EMI can fluctuate with changes in the repo rate. Following a repo rate cut by the RBI, the EMIs or tenure for borrowers with floating-rate loans may decrease.

If your bank has also adjusted the interest rate following the Reserve Bank’s repo rate change, you do not need to visit the bank. When you obtained the loan, if you selected an EMI that adjusts according to the repo rate change, then your EMI will be altered. However, if you opt for a change in loan tenure, the duration will be shortened.

Nonetheless, if you choose to adjust the tenure and wish to lower the EMI, a visit to the bank will be necessary. By going to the bank, you can modify either the EMI or the tenure based on your preferences.

Business

Union Budget 2025: Tax Free on Income Up to 12 Lakhs, Major Relief for Middle Class and Corporate employees

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Finance Minister Nirmala Sitharaman made a historic announcement stating that there will be no income tax on earnings up to ₹12 lakhs in the upcoming Union Budget for 2025. This decision represents a significant relief for the middle class and indicates a substantial policy change.

Important points from the Union Budget 2025 include

No Tax for the Middle Class:
Earnings of up to ₹12 lakhs will not be subject to income tax.
The threshold for Tax Deducted at Source (TDS) has been increased to ₹10 lakhs.
The deadline for submitting Income Tax Returns (ITR) has been prolonged.

Streamlining of Tariffs:
The government plans to reduce the number of tariff rates from 15 to just 8.
Additionally, the Social Welfare Surcharge will be eliminated.

Cancer Treatment and Health Initiatives:
Import duties on 36 essential cancer medications will be lifted to enhance affordability.
The customs duties on 6 critical life-saving drugs will be cut to 5%.
Cancer treatment facilities will be established in government hospitals nationwide.

Reduction in Prices for Electronics:
Prices are anticipated to drop for LED and LCD screens.
Lithium-ion batteries, vital for electric vehicles and mobile devices, will become less expensive.

Support for Entrepreneurs:
The government will provide loans of ₹2 crore to women and entrepreneurs from Scheduled Castes (SC) and Scheduled Tribes (ST) who are starting their businesses for the first time.
A new National Institute of Food Technology, Entrepreneurship & Management will be created in Bihar to promote area development.

Key Announcements for Bihar:
Bihar will benefit from the development of Greenfield airports to address future transportation requirements.
There will also be an expansion of the Patna Airport’s capacity, along with the inclusion of the Mithilanchal region’s Western Canal Project.

Focus Areas for Development:
The government intends to foster growth through inclusive development, enhance private sector investment, and increase the purchasing power of the emerging middle class in India.
An additional fund of ₹10,000 crore has been designated for startups to stimulate innovation and entrepreneurship.
These announcements in the 2025 Union Budget aim to encourage balanced growth, support burgeoning sectors like startups, and offer relief to the general populace.

Business

Jio Coin Price Details: What Is the Potential Value of Reliance’s New Cryptocurrency? How Can I Purchase It?

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With its new product, Jio Coin, Reliance Jio, the telecom behemoth in India, has taken a revolutionary stride into the blockchain and cryptocurrency space. Through Jio Coin, a reward-based token system, Reliance Jio hopes to transform India’s digital economy in collaboration with Polygon Labs. In addition to marking Reliance’s entry into Web3, this creative strategy seeks to increase digital engagement by compensating consumers for their online activity through the JioSphere browser.

Jio Coin is a blockchain-based reward token that runs on the Polygon blockchain. During its beta period, users can already earn tokens by browsing the JioSphere browser on the Internet. These JIO Coin tokens, which are stored in a Polygon coin wallet, guarantee a number of services inside the Jio ecosystem, such as access to special features, shopping at Reliance outlets, and payments for cell recharges.

How to Purchase JIO Coin

It’s crucial to remember that Jio Coin is not now available for direct purchase for anyone wondering how to get it. Instead, by using the JioSphere browser, customers can earn it. To begin earning Jio Coins, users must download the JioSphere browser, which is compatible with both iOS and Android smartphones, register with their Jio number, and begin browsing.

Jio Coin is expected to become redeemable and transferable as the project develops, possibly via the MyJio app or other platforms. It may even be exchanged on well-known cryptocurrency exchanges like Koinex and Zebpay.

Market Value of JIO Coin

Despite the fact that Jio Coin’s official pricing has not been revealed, there is conjecture that it would launch at roughly $0.5 (₹43.30) per token. As Jio Coin becomes more integrated with Jio’s services, such JioMart and Reliance petrol stations, its value is expected to increase. Its potential applications go beyond simple cryptocurrency transactions and are intended to cover a broad spectrum of Jio network services, including fuel purchases, shopping discounts, cell recharges, and exclusive service access.

It also raises India’s profile in the international cryptocurrency industry by setting an example for other businesses to follow when considering a digital currency venture. With a 1% TDS on transactions and a 30% tax on bitcoin earnings, the Indian regulatory system presents some difficulties. However, when Jio Coin works through these rules, its progress will be continuously monitored. The partnership between Polygon Labs and Reliance might also have an impact on the creation of a more welcoming atmosphere for digital currencies in the nation.

Both parties gain from the collaboration with Polygon on the Jio Coin launch. Jio makes use of Polygon’s affordable and scalable blockchain technology, and Polygon benefits from more people using and transacting on its platform.

Business

‘No-entry’ of unmarried couple in OYO hotels… Company changed the rules in the new year, start from this UP city

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Hotels booking platform Oyo has made a big change in its rules and under this, it has decided to ban the entry of unmarried couples in the hotels associated with the platform.

New OYO rule imposed from Merrut city

It is being started from Meerut. PTI’s report published on Business Today states that OYO has made a big announcement and has now decided to ban the entry of unmarried couples in its associated hotels. Meaning, that if a couple wants to book a room at Oyo Hotel, they will have to present proof of their marriage. A new rule to ban check-in of unmarried couples brought by travel and hospitality platform Oyo will be implemented this year and this is starting from Meerut and Oyo-connected hotels in the city have been instructed to implement these rules immediately.

OYO’s updated guidelines clearly state that all couples, including those booking online, will now have to produce valid proof of their relationship at the time of check-in. Along with this, it has also been said in the report quoting sources that after the company implemented this rule in Meerut, its feedback and depending on the effectiveness, it can be expanded to other cities also.

According to reports, the company was contacted by some local people and civil society groups, especially in Meerut and some other cities, and an appeal was made on their behalf not to give hotel rooms to unmarried couples. Regarding this, the company has made a big change in its guidelines. This step of the company can also be helpful in encouraging customers for longer stays and re-booking and increasing their confidence.

Business

Recently, hedge firms that were shorting Tesla lost over $5 billion

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Hedge funds that have held onto their wagers against Tesla Inc. (TSLA) since Donald Trump’s election victory have lost billions of dollars as a result of the unique bond between Elon Musk and the president-elect.
According to Bloomberg calculations based on data provided by S3 Partners, hedge funds that had short positions against Tesla between election day and Friday’s closing suffered on-paper damage of at least $5.2 billion.

According to secondary data given by Hazeltree, which tracks the positions of over 500 hedge funds, they were one of a shrinking group caught off guard as many of their peers liquidated bets against Tesla over the past four months. That change in roles came at the same time as Musk’s endorsement of Trump on July 13.

The CEO of Tesla has become the biggest admirer of Trump among billionaires. Musk is one of the largest donors to the 2024 race since he has fueled Trump’s campaign with his wealth as the richest person in the world. Since Trump has made it apparent that he intends to reward loyalists, Musk’s decision to align with the president-elect now positions him for a position of political influence.

He had “a small short in Tesla heading into the election,” according to Per Lekander, CEO of hedge fund manager Clean Energy Transition. His losses were “pretty small” because he had been able to reduce the position “quite a lot.”

He said, “But we have lost some money.”

Tesla Stock

Tesla’s stock has increased by about 30% since the election on November 5. representing well over $200 billion in additional market value, the corporation was worth more than $1 trillion by Friday. In light of this, hedge funds that had previously placed short bets have hurried to change their strategy.

Weekly data from Hazeltree shows that as of Nov. 6, just 7% of hedge funds were net short Tesla, compared to 17% in early July. Only 8%, however, are net long in stock.

Even while the rest of the EV industry faces challenges like trade tensions, declining consumer demand, and heightened competition, Tesla has proven to be a risky company to short. Nearly one-fifth of the hedge funds that Hazeltree tracks had placed bets on Tesla in July, but they were severely misguided when the firm released sales data that set off a sharp increase.

Business

Waree Energy Company IPO is record break subscription,TATA-Bajaj were left behind

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Waree Energies IPO: The energy company’s first public offering (IPO) garnered 79.44 million dollars and was open from October 21 to October 23.
On October 28, the company’s shares may be listed on the stock exchange. However, we are now discussing the energy business Waree Energies’ initial public offering (IPO), which took place this week and left even Tata and Bajaj behind. Since applications have been received and records have been produced, this IPO has more shares than any other issuance.

Waree IPO making waves in a gray market

There are signs that Vaari Energies’ initial public offering (IPO) will do well on the stock exchange. Its performance on the grey market can likewise be used to measure this.
Around 10 a.m. on Thursday, the Waree Energies IPO’s grey-market premium was Rs 1560. As a result, this issue should be listed on the market for Rs 3063. This implies that the listing has the potential to double investors’ money.

When will the stock market listing happen?

Today marks the beginning of the Vaari Energies IPO allocation process, which ended on October 23. Shares of Waree Energies will be listed on BSE and NSE, which can enter the market on October 28.