Nasdaq 100 cracks 5%, wipes out $2 trillion in October as AI spending fears deepen

Economic Times - Oct 30, 2026

Investor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology companies like Meta, Alphabet, and Microsoft are increasing their capital outlays to strengthen AI infrastructure. The Nasdaq 100 index has already seen a significant decline of more than 5.8% in October. Analysts predict that global AI infrastructure spending could reach unprecedented levels by 2030.

Read full article
More News
Tone down Russia rhetoric: Pentagon to NATO Allies
Oct 30, 2026
Tone down Russia rhetoric: Pentagon to NATO Allies

Pentagon officials have requested several NATO countries to tone down their public statements regarding Russia's threat. These requests are primarily directed towards Lithuania, Latvia, and Estonia. Concerns have arisen over comments suggesting Russia is cornered due to its stalled invasion of Ukraine. As the Trump administration seeks a negotiated end to the war, pressure is applied on Ukraine as well.

Rick Ross case: Prosecutors drop felony charges, when will rapper be released?
Oct 30, 2026
Rick Ross case: Prosecutors drop felony charges, when will rapper be released?

he founded the influential label Maybach Music Group, boosting the careers of signees like Wale, Meek Mill and French Montana.

Washington set to cut wire connecting Chinese companies to US phone numbers
Oct 30, 2026
Washington set to cut wire connecting Chinese companies to US phone numbers

The US Federal Communications Commission intends to vote on banning Chinese telecom firms from accessing US phone numbers. Concerns around national security have led to this potential decision against companies like China Mobile and China Telecom. The measure aims to prevent illegal robocalls and protect US telecommunications. China has opposed this likely ban, asserting it undermines legitimate business practices.

SIR: Extended timelines spark controversy across states
Oct 30, 2026
SIR: Extended timelines spark controversy across states

The Election Commission of India plans multiple timeline extensions for the special intensive revision of electoral rolls. Bihar completed its process quickly, but most other states needed additional time. Delhi has the most extensions, now totaling over 176 days. Several states, including Andhra Pradesh and Telangana, are facing delays in finalising their electoral rolls. These prolonged timelines reflect ongoing issues with voter application discrepancies and entry verifications.

SIR: Extended timelines spark controversy across states
Oct 30, 2026
SIR: Extended timelines spark controversy across states

The Election Commission of India plans multiple timeline extensions for the special intensive revision of electoral rolls. Bihar completed its process quickly, but most other states needed additional time. Delhi has the most extensions, now totaling over 176 days. Several states, including Andhra Pradesh and Telangana, are facing delays in finalising their electoral rolls. These prolonged timelines reflect ongoing issues with voter application discrepancies and entry verifications.

Supreme Court asks poll panel to examine bulk filing of Form 7 in Uttar Pradesh
Oct 30, 2026
Supreme Court asks poll panel to examine bulk filing of Form 7 in Uttar Pradesh

The direction came after the court was informed about alleged irregularities in the filing of Form 7 applications, including instances in which a large number of objections were submitted against voters belonging to a particular community.

Could Israel’s Arab parties hold the key to deciding who becomes the next prime minister as Netanyahu faces an election deadlock and rival blocs struggle to secure a governing majority?
Oct 30, 2026
Could Israel’s Arab parties hold the key to deciding who becomes the next prime minister as Netanyahu faces an election deadlock and rival blocs struggle to secure a governing majority?

Israel's recent inconclusive election has left major political blocs short of a governing majority. Gadi Eisenkot, the opposition leader, may challenge Benjamin Netanyahu with the help of Arab parties. The two main Arab parties, Ra'am and the Joint List, hold a combined 19 seats in the Knesset. While some Jewish opposition figures reject Arab support, Ahmad Tibi has offered assistance for a minority government.

Amit Shah lays out UP poll agenda: UCC and Hindutva
Oct 30, 2026
Amit Shah lays out UP poll agenda: UCC and Hindutva

Amit Shah praised CM Yogi Adityanath's law-and-order record and implementation of central welfare schemes, amid speculation over differences between the state leadership and the BJP's central leadership. Addressing BJP's state executive meeting in Lucknow, Shah asked party workers to put aside all doubts and distractions and focus single-mindedly on the party's victory.

MLC results shape of things to come in 2027: Akhilesh Yadav
Oct 30, 2026
MLC results shape of things to come in 2027: Akhilesh Yadav

Akhilesh Yadav highlighted the Samajwadi Party's recent successes in the Uttar Pradesh Legislative Council elections. He believes these results reflect the BJP's diminishing political strength in the state. Yadav pointed out that BJP lost significant ground in Varanasi, emphasising that the party is vulnerable as elections approach. He also accused Yogi Adityanath of sacrificing Varanasi for Gorakhpur's gain.

Durga Puja's dhak drummers preserve Bengal's intangible cultural heritage and the rhythmic traditions behind every ritual
Oct 30, 2026
Durga Puja's dhak drummers preserve Bengal's intangible cultural heritage and the rhythmic traditions behind every ritual

West Bengal's dhakis preserve a generations-old rhythmic language that accompanies every Durga Puja ritual. Their distinctive drum beats carry cultural and spiritual significance, making them vital custodians of India's intangible heritage.

Durga Puja's dhak drummers preserve Bengal's intangible cultural heritage and the rhythmic traditions behind every ritual
Oct 30, 2026
Durga Puja's dhak drummers preserve Bengal's intangible cultural heritage and the rhythmic traditions behind every ritual

West Bengal's dhakis preserve a generations-old rhythmic language that accompanies every Durga Puja ritual. Their distinctive drum beats carry cultural and spiritual significance, making them vital custodians of India's intangible heritage.

Opposition defers CEC mock impeachment due to rain
Oct 30, 2026
Opposition defers CEC mock impeachment due to rain

The Opposition INDIA bloc has postponed the mock impeachment event against chief election commissioner Gyanesh Kumar to Saturday due to rain. Leaders resolved to ensure Sunday’s rally at Ramlila Ground will demonstrate their strength and support. Rahul Gandhi accused the home minister of attempting to prevent people from reaching the rally. The event will include a march from Minto Road to Ramlila Maidan as planned.

Recommended
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.