Major Wall Street indexes opened higher on Wednesday morning. Hopes for Middle East peace offset declines in SpaceX and AMD shares. These companies’ forecasts failed to impress investors, causing their stock prices to fall. The Dow Jones Industrial Average rose 180 points at the open. The S&P 500 and Nasdaq Composite also saw gains.

SpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns regarding future funding for data centers. Following its IPO, the company’s stock saw a significant drop. Despite this, AI revenue surged over threefold, and new cloud agreements were announced. The capital invested in AI is still high, promising returns in under a…

A focus on core rather than headline inflation goes against the Reserve Bank of India’s inflation-targeting mandate. This is likely to cost the country dearly. Perhaps the MPC needs a reminder of the advice given by one former RBI governor to another.

Thomson Reuters has revised its full-year organic revenue outlook, now anticipating an increase of around eight percent. The company witnessed a remarkable nine percent revenue growth in the second quarter, achieving $1.95 billion. Excluding certain items, earnings per share rose to ninety-nine cents, exceeding market predictions. CEO Steve Hasker highlighted the company’s commitment to substantial…

Uber’s strong second-quarter growth was overshadowed by a weak outlook, sending shares down 6% as the company ramps up autonomous-vehicle investments.

Beijing has deployed seventy-two robot employees in its municipal parks this summer. These robots perform cleaning, patrolling, and visitor guidance duties across the city. Intelligent tour-guide robots answer questions and remind visitors about park rules. Specialised robots also attract and trap mosquitoes, reducing insect density in selected areas. This initiative aligns with China’s national “Robot…

The Confederation of All India Traders will support a nominal Merchant Discount Rate on higher-value UPI transactions. This support is contingent on the government’s proposal and examination of the legislation’s details. Praveen Khandelwal expressed confidence that digital payments will become more convenient for users. He noted that smaller transactions should remain protected from any new…

Meta apologised for lapses on its platforms during a meeting with IT Secretary S Krishnan. This and more in today’s ETtech Top 5.

Dotasra unveils martyr Harlal Kaler’s statue in Churu

47-year-old woman arrested after four men stabbed in central London