Funds, portfolios, strategy
The fund upgraded its outlook for India by 0.3 percentage points in its April World Economic Outlook. China's forecast was left unchanged at 4.6 percent, down from 5.2 percent in 2023.
The University of Michigan's sentiment index fell to 53.6 in early October, down 24 percent over the past year. The sharpest declines were among lower-income households, and the current conditions index hit a record low of 44.7.
The crypto firm has renamed its $1.25 billion acquisition Hidden Road as Ripple Prime, putting it in direct competition with banks in the business of financing and clearing trades. The US leveraged-ETF market it is targeting holds more than $256 billion in assets across 593 funds.
Investment and exports tied to artificial intelligence are driving the upgrade. But Indonesia, Thailand and Vietnam have burned through up to 40% of their dollar reserves subsidising fuel prices, and the bank warns a prolonged energy shock could tip the balance.
The AI boom drove technology fortunes to a record $4.6 trillion through September. Billionaires outside the sector shed a combined $62 billion over the same period.
SEBI chairman Tuhin Kanta Pandey said the priority is reducing the upfront capital traders must set aside. His own regulator's data shows the overwhelming majority of retail investors are still losing money in short-term options.
Their market share dropped to 49% in the first half of 2026, down from 73% in 2021. Electric vehicles took 17% of the market, with sales in Europe overtaking gasoline cars for the first time.
Funds have amassed roughly $4.0 trillion in gross Treasury exposure, financed by $3.0 trillion in repo borrowing. The basis trade at the heart of it runs at up to 70 times leverage, capturing spreads of just a few basis points.
The revision is modest — just 0.1 points above June's estimate — and depends on a lasting end to the Middle East conflict. The OECD also trimmed its 2027 forecast, and warned that AI gains may not materialise as expected.
Jane Street's loss came as AI and semiconductor stocks reversed sharply — its first negative month since 2016. Regulators want to know how bank lending to large nonbank traders holds up when correlated positions fall fast.
Gains spread across 12 of 13 major retail categories, easily beating forecasts of 0.7% to 0.8% growth. Economists have raised their third-quarter GDP estimates after the result.
Andrew Bailey, governor of the Bank of England and chair of the Financial Stability Board, warned G20 finance ministers that frontier AI could transform the speed and scale of attacks on financial systems. He singled out the small number of cloud and technology providers that much of the global system depends on as a critical vulnerability.
The AI hedge fund collapse and semiconductor selloff made July the firm's worst month in roughly a decade. Despite that, Jane Street had generated more than $40 billion in net trading revenue through July — more than its entire 2025 record.
An SEC filing reveals Nvidia owns roughly 122.8 million SpaceX shares, acquired through its $10bn investment in Elon Musk's xAI. SpaceX has since pledged to use only Nvidia chips in its AI data centres.
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