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$32 billion wiped out! Softbank market cap plunges; drop in Asian AI-linked companies drives fall

The Japanese conglomerate, with its extensive AI investment portfolio spanning various sectors, saw a substantial $32 billion reduction in market capitalisation. (AI image) SoftBank Group’s shares saw a dramatic 14% decline on Wednesday, accompanied by broader falls across Asian AI-related companies, reflecting similar drops in their US counterparts. Investors displayed increasing caution towards the high…

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‘Two words’ that wiped $29 billion from Mark Zuckerberg’s wealth in just one day, taking him to his lowest ranking in two-plus years on Billionaires Index

This week saw Facebook-parent Meta CEO Mark Zuckerberg fall from third to fifth place on the Bloomberg Billionaires Index. The plunge happened after Meta’ stock fell 11% on Thursday, October 30, wiping out $29.2 billion from Zuckerberg’s fortune in just one day. The drop was the fourth-largest one-day market-driven loss ever recorded by Bloomberg’s wealth…

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31 days and counting: Over $7 billion wiped out; how US govt shutdown is hitting the American economy

The United States is nearing the longest federal government shutdown in history, having remained closed for the entire month with no resolution in sight. Economists have warned that the longer the impasse drags on, the greater the risk that the economy, already showing signs of strain, could shift from bending to breaking.“The economy is fragile…

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$6 billion wiped out in 1 hour! Trump to impose 130% tariff on China; triggers crypto market sell off

Cryptocurrency markets tumbled on Friday as renewed trade tensions between the US and China, alongside a fresh export control move by Donald Trump, rattled investors worldwide.After the announcement crypto giant Bitcoin fell 8.4% to $104,782 at 17:20 ET and Ethereum followed, tumbling 5.8% to $3,637. Earlier on Monday, Bitcoin, the world’s largest crypto, recorded its…

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Sunjay Kapur billionaire property case: ‘Bank accounts have been wiped out, there’s nothing left’: In billionaire Sunjay Kapur assets case, Karisma Kapoor’s kids tell HC | Delhi News

Priya Sachdev Kapur has moved the Delhi high court seeking permission to file details of her late husband Sunjay Kapur’s assets in a sealed cover. NEW DELHI: Priya Sachdev Kapur has moved the Delhi high court seeking permission to file details of her late husband Sunjay Kapur’s assets in a sealed cover.The plea has been…

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Anupam Kher admits Tanvi the Great was ‘wiped out’ by Ahaan Panday and Aneet Padda’s Saiyaara: ‘It depressed me, made me feel very sad’ | Hindi Movie News

Anupam Kher’s passion project Tanvi the Great hit theatres on the same day as Yash Raj Films’ Saiyaara. While Mohit Suri’s film — starring newcomers Aneet Padda and Ahaan Panday — went on to become the year’s biggest blockbuster, Kher’s film stood no chance. During a recent interview, the veteran actor-director candidly admitted how Tanvi…

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