A significant selloff in semiconductor stocks affected major US indexes amid rising concerns regarding AI investment returns. The Nasdaq 100 dropped by 1.8%, continuing its longest losing streak since 2008. Market participants are questioning if AI infrastructure investments will yield profitable returns despite strong demand for chips. Federal Reserve Chairman Kevin Warsh maintained a neutral stance on interest rates during discussions at the IMF meetings.

Elon Musk unveiled Tesla's new Roadster, which uses high-pressure air thrusters to leave the road entirely during a livestreamed event at his SpaceX facility in Texas.

India shifts ethanol procurement to corn and rice as weak rainfall threatens sugar output and domestic prices touch record highs.

Jio Platforms, backed by Reliance Industries, is preparing to launch India's largest-ever IPO, with the top of its price band set at ₹1,119 per share and an entirely fresh-issue structure. Meta holds a 10% stake through Jaadhu Holdings, while Google holds 7.73%, both stemming from early investments made in 2020. At the upper end of the price band, the two holdings would show combined paper gains of nearly ₹1 lakh crore, a return of about 129%.

KFC is replacing Pepsi with Coca-Cola at 3,700 US restaurants in 2027, ending a nearly 40-year partnership. Here's what customers need to know.