Nvidia CEO Jensen Huang has sold over one billion dollars in company shares. This sale concludes a large pre-planned divestment. The chipmaker recently crossed a five trillion dollar market value milestone. This surge is driven by high demand for artificial intelligence processors. Several other company insiders have also profited significantly from the AI boom.

Wall Street indexes closed higher, led by Amazon s strong earnings forecast, but Fed rate cut hopes dimmed. Amazon shares surged, boosting the consumer discretionary sector. However, cautious Fed commentary and supply concerns for Apple tempered overall sentiment, despite strong earnings season performance.

Federal Reserve officials revealed stark disagreements over the recent interest rate cut, with some presidents expressing discomfort and advocating for a pause. Governor Christopher Waller, however, pushed for further easing to support a weakening labor market. This internal division complicates Chair Jerome Powell s efforts to build consensus as the Fed faces a crucial December meeting.

Indian markets are watching a strong US stock rally. Investors are focused on upcoming company earnings and the US Federal Reserve s interest rate decisions. The market is at high valuations, making earnings crucial for future gains. The first week of November is historically positive for stocks. AI investments are a key theme, with companies announcing spending and investors seeking returns.

The Federal Reserve s Standing Repo Facility loaned a record $50.35 billion on Friday to address month-end liquidity pressures in short-term funding markets. Two operations saw the facility lend $30 billion and $20.35 billion, respectively, to eligible financial firms facing temporary cash needs.

Shripal Shah, CEO of Kotak Securities, reveals how meditation, fitness, and sports cultivate leadership. Mindfulness aids clear decision-making under pressure, while strategic games like chess mirror business adaptability. Running fuels focus, and sports teach resilience in both victory and defeat, fostering a balanced approach to a demanding career.

Ace investor Rekha Jhunjhunwala significantly boosted her stake in Canara Bank, acquiring an additional 1 crore shares. This move aligns with positive market sentiment for PSU banks, potentially driven by increased foreign investment caps. Jhunjhunwala also increased her holdings in Federal Bank and Titan Company, underscoring her continued confidence in India s financial and consumption sectors.

Foreign investors are boosting their holdings in Indian public sector banks. This move signals growing confidence ahead of potential government policy changes. An increase in foreign ownership limits could unlock significant capital. Analysts see this as a positive development for the banking sector. The September quarter data shows a clear trend of renewed FII interest in these lenders.

Bitcoin is on track for its first monthly loss in October since 2018, ending a seven-year streak of gains. The digital asset is set for a nearly 5% decline this month, struggling amid broader market jitters and investor uncertainty about global monetary policy. Despite this dip, Bitcoin remains up over 16% year-to-date.

Coinbase s strong earnings are being overshadowed by increasing competition as regulatory clarity boosts the crypto market. New players like Gemini and Bullish have gone public, while Kraken prepares to list. Despite its first-mover advantage and institutional trust, Coinbase faces pressure on its premium pricing and retail outlook. The company is actively acquiring to maintain its edge.