Explained: Why Nvidia shares dropped 4% in overnight trade and what analysts warn can trigger a bloodbath?

'He's guilty of winning two wars...': Trump backs Pete Hegseth as Iran war sparks impeachment calls

Nvidia falls about 3% in after-hours and perpetual futures trade

Nvidia's shares saw a decline in after-hours trading following an announcement regarding CEO Jensen Huang. The company indicated that it is investigating potential foreign intelligence efforts aimed at Huang. Perpetual futures on the Hyperliquid exchange and shares trading on the Blue Ocean system reflected this drop in value. The share price fell approximately 3.4% compared to Friday's Nasdaq closing price.

Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027

Citi Research projects that India's benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings prospects and falling oil prices. Recent foreign portfolio investor activity has contributed significantly to the positive sentiment in the equity market. Additionally, lower oil prices could improve macroeconomic conditions and reduce inflation rates in India.

Fire in northern China high-rise building kills 14, injures dozens more

Fourteen people have been killed and dozens more hospitalised after a fire broke out in a high-rise building in northern China. The fire broke out at around 5pm on Sunday in Taiyuan, the capital city of Shanxi province, according to the local Yingze district government. The fire was put out by around 7pm and rescue efforts ended at around 8.30pm, the authorities’ statement said. That night, 38 people were sent to hospital, including five people who had died. By Monday morning, the death toll had...

Brent oil futures flat after Trump’s remarks on Iran war

At 10.02 am on Monday, January Brent oil futures were at $98.26, down by 0.06%, and December crude oil futures on WTI (West Texas Intermediate) were at $91.26, up by 0.47%

Rupee rises 24 paise to 93.74 against US dollar in early trade

The rupee opened at around 93.85, then gained ground to touch 93.74, up 24 paise from its previous session's closing level

Russia says hit power substations in Ukraine and three ships in Black Sea

Russia conducted overnight strikes that reportedly targeted three cargo vessels linked to Ukrainian military supplies. The vessels were struck in Odesa and Chornomorsk, according to the Russian Defence Ministry. Additionally, two electricity substations in Dnipropetrovsk and Zhytomyr, which supplied power to military efforts, were hit. Following the attack, over 600,000 residents were left without electricity due to damage at energy facilities.

Trump says likely to meet Putin, Xi in China

US President Donald Trump is expected to meet with Chinese leader Xi Jinping and Russian President Vladimir Putin. The meetings will occur during the Asia-Pacific summit in Shenzhen, China, on November 18-19. Discussion topics will include denuclearisation and efforts to end the ongoing war in Iran.

H D Kumaraswamy accuses officials of bribery in Hassan; demands investigation into corruption claims

H D Kumaraswamy has accused Hassan Deputy Commissioner K S Lathakumari of involvement in a bribery racket. He alleges that officials demanded significant sums to clear files related to land matters. In response to these accusations, Lathakumari has ordered an investigation into the authenticity of WhatsApp conversations presented by Kumaraswamy. Chief Minister D K Shivakumar has expressed support for Lathakumari and the integrity of her work.

US Secretary of State Rubio warned Trump of Jensen Huang's ties to alleged Chinese spy: Report

Amid rising concerns, Nvidia's board is scrutinizing CEO Jensen Huang due to alleged espionage tied to his connection with Alice Huang, a businesswoman from China. US Secretary of State Marco Rubio previously cautioned about the implications of their association. It has come to light that Alice Huang's firm could be involved in unlawful smuggling of Nvidia products. However, Nvidia reassured that its operations will remain unaffected during this inquiry.

China’s torpedo tech, defects at Hong Kong MTR station: 5 weekend reads you missed

We have put together stories from our coverage last weekend to help you stay informed about news across Asia and beyond. If you would like to see more of our reporting, please consider subscribing. 1. Chinese engineers reduce cargo ship fuel use by 5% with high-speed torpedo tech 2. India questions US ‘double standards’ as Pakistan secures F-16 upgrade deal 3. Will China’s slow and steady moon landing plan be a safer bet than the US’? 4. Defects at Hong Kong MTR station ‘unimaginable’,...

"Don't want to go to hell": Trump believes he will go to heaven after his death

US President Donald Trump stated he believes in going to heaven and does not want to go to hell. During an interview, he admitted he struggles to forgive political enemies like James Comey and Nancy Pelosi. Trump emphasized that his honesty prevents him from forgiving those he considers dishonest and bad for the country.