Cryptocurrency Live News & Updates : Dow Jones Declines Amid Tariff Concerns
The Dow Jones fell 0.19% as fears over tariffs overshadowed strong tech earnings, while the Nasdaq reached a record high. The latest market updates reveal a mixed sentiment as the Dow Jones dipped 0.19% due to concerns over impending tariffs, particularly affecting companies with ties to Mexico. In contrast, strong earnings from tech giants like Microsoft and Meta buoyed the Nasdaq, which achieved a new record high. Meanwhile, Polkadot (DOT) is showing signs of recovery, bouncing 3.69% from key support levels, indicating potential bullish momentum if it maintains above $3.75. Tether also reported impressive financials, posting a $4.9 billion profit in Q2 2025 and expanding its USDT supply significantly, reflecting growing trust in the stablecoin. Additionally, PUMP token experienced a remarkable 27% surge fueled by strategic buybacks, highlighting the volatility and speculative nature of the current crypto market. As traders navigate these developments, the focus remains on the balance between macroeconomic factors and individual asset performances, with altcoins like Pump.fun and Ethena gaining traction amidst a broader risk-on sentiment in the crypto space. Show more
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The Hindu
23 minutes ago
- The Hindu
India's E20 petrol rollout sparks driver revolt
As India puts more of the emissions-cutting biofuel ethanol in its petrol, consumers complain it damages their engines. The government's fast-expanding ethanol programme aims to cut costly oil imports by blending petrol with ethanol, a biofuel derived from agricultural produce or organic waste that burns more cleanly than traditional gasoline. India last month hit its target of reaching a 20% ethanol mix in petrol, known as E20 petrol, five years ahead of schedule. But car reviewer Amit Khare, who reaches 15 million people every month across social media platforms, including YouTube, Meta and Instagram, criticised the fuel. "Ethanol is a dry and corrosive fuel," Khare told the Thomson Reuters Foundation. "It can damage several parts involved in supplying fuel to the engines," he said. "Neither the government nor the petrol pumps in the country are informing users about all these issues ... Consumers are being kept in dark." Thousands of worried drivers shared their fears in comments on a video he posted on the issue late last month. Consumers are demanding the right to choose what they put in their cars, filling social media with complaints of lower fuel efficiency, damage to older engines and the ensuing costly repairs. Punjab-based car critic Sunderdeep Singh said the government should make it mandatory for petrol stations to sell different blends and clearly colour-code them. "Most consumers do not know how much ethanol is mixed in the petrol they are buying," he told the Thomson Reuters Foundation. The government said on Monday concerns over E20 fuel were unfounded. The Ministry of Petroleum and Natural Gas said the criticism lacked "technical foundation" and said its own reports found no major engine damage or performance loss. The government admitted mileage might dip slightly, by between 1% and 2% in newer cars and by up to 6% in older ones, but said this could be managed with routine servicing. Vehicle owners responded swiftly, sharing mileage numbers online and accusing the government of hiding the truth. Khare said he tested an E20-compliant car for two months and saw a mileage drop of between 5% and 6%. There is no publicly available data on how many of the millions of cars and motorbikes sold before 2023 are compliant with E20 fuel, but Khare estimates most of them are not. Biofuels are a key part of the Indian government's plans to cut greenhouse gas emissions and the cost of importing oil. The policy saved India about 1.06 trillion rupees ($12.09 billion) in crude oil import costs between 2014 and 2024, according to government data, and helped to avoid 54.4 million tonnes of carbon dioxide emissions in the same decade. This is roughly the equivalent of the emissions from 12 million gasoline-powered cars a year, according to a calculator from the U.S. Environmental Protection Agency. But the gains come with trade-offs. India has ramped up ethanol production by diverting crops like sugarcane, maize and rice to make fuel, reducing the availability of grains for people and cattle, and shifting land away from food production. Two of India's largest motorcycle and scooter makers Hero MotoCorp and TVS Motor, have also issued advisories about ethanol and said their vehicles made before 2023 require modifications to the fuel system to run efficiently on E20. Shell India warned customers that they bear the risk of engine damage or warranty loss from E20 fuel. "It is unfair of the government to push us to use higher ethanol blends when our cars are not ready," said Bangalore-based car-owner Antony Mathew. "The least the government can do, while charging over 30% tax on a new petrol car, is to ensure compatible fuel is available in the market."
Time of India
an hour ago
- Time of India
Stock market today: Nifty50 opens below 24,550; BSE Sensex down around 150 points as Trump's 50% tariff on India weighs on sentiment
Stock market today: and , the Indian equity benchmark indices, opened in red on Thursday as US President Donald Trump's move to double tariffs on India to 50% weighed on sentiment. While Nifty50 went below 24,550, BSE Sensex was down around 150 points. Tired of too many ads? go ad free now At 9:18 AM, Nifty50 was trading at 24,523.55, down 51 points or 0.21%. BSE Sensex was at 80,400.73, down 143 points or 0.18%. Thursday's trading will be influenced by the US President's implementation of additional 25% tariffs. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, '"The 21 day window for the additional 25 % tariff to take effect leaves room for negotiation and an eventual deal with the US. But there is huge uncertainty surrounding the trade policy and to what extent both nations will be willing to make compromises. President Trump, fresh from the successes he has extracted in deals with others including the EU, is unlikely to budge significantly from his unjustified stand. Unfortunately for India, the US is bargaining from a position of strength. India's response has been mature and measured.' 'Market is unlikely to panic but weakness will continue in the near-term. Since uncertainty is high investors should be cautious in their approach. At least in the near-term, export-oriented sectors will remain weak. Domestic consumption themes like banking and financials, telecom, hotels, cement, capital goods and segments of automobiles will remain resilient." US markets ended higher on Wednesday, with Nasdaq leading at over 1% growth. Apple shares increased following announcements about domestic manufacturing commitments, whilst positive corporate earnings reports also boosted sentiment. Tired of too many ads? go ad free now US stock futures increased early Thursday, despite Trump's warnings about 100% tariffs on semiconductor imports. Asian markets displayed mixed trading patterns in early sessions. Foreign portfolio investors sold shares worth Rs 4,999 crore net on Wednesday. Domestic institutional investors were net purchasers at Rs 6,794 crore. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India) Stay informed with the latest business news, updates on bank holidays and public holidays.
The Hindu
an hour ago
- The Hindu
OpenAI's long-awaited GPT-5 model nears release
OpenAI's GPT-5, the latest installment of the AI technology that powered the ChatGPT juggernaut in 2022, is set for an imminent release, and users will scrutinise if the step up from GPT-4 is on par with the research lab's previous improvements. Two early testers of the new model told Reuters they have been impressed with its ability to code and solve science and math problems, but they believe the leap from GPT-4 to GPT-5 is not as large as the one from GPT-3 to GPT-4. The testers, who have signed non-disclosure agreements, declined to be named for this story. OpenAI declined to comment for this story. GPT-4's leap was based on more compute power and data, and the company was hoping that 'scaling up' in a similar way would consistently lead to improved AI models. But OpenAI, which is backed by Microsoft and is currently valued at $300 billion, ran into issues scaling up. One problem was the data wall the company ran into, and OpenAI's former chief scientist Ilya Sutskever said last year that while processing power was growing, the amount of data was not. He was referring to the fact that large language models are trained on massive datasets that scrape the entire internet, and AI labs have no other options for large troves of human-generated textual data. Apart from the lack of data, another problem was that 'training runs' for large models are more likely to have hardware-induced failures given how complicated the system is, and researchers may not know the eventual performance of the models until the end of the run, which can take months. OpenAI has not said when GPT-5 will be released, but the industry expects it to be any day now, according to media reports. Boris Power, head of Applied Research at OpenAI, said in an X post on Monday: "Excited to see how the public receives GPT-5." 'OpenAI made such a great leap from GPT-3 to GPT-4, that ever since then, there has been an enormous amount of anticipation over GPT-5,' said Navin Chaddha, managing partner at venture capital fund Mayfield, who invests in AI companies but is not an OpenAI investor. 'The hope is that GPT-5 will unlock AI applications that move beyond chat into fully autonomous task execution." Nearly three years ago, ChatGPT introduced the world to generative AI, dazzling users with its ability to write humanlike prose and poetry, quickly becoming one of the fastest growing apps ever. In March 2023, OpenAI followed up ChatGPT with the release of GPT-4, a large language model that made huge leaps forward in intelligence. While GPT-3.5, an earlier version of the model, received a bar exam score in the bottom 10%, GPT-4 passed the simulated bar exam in the top 10%. GPT-4 then became the model to beat and the world came to terms with the fact that AI models could outperform humans in many tasks. Soon, other companies were catching on. The same year, Alphabet's Google and Anthropic, which is backed by Amazon and Google, released competitive models to GPT-4. Within a year, open-source models on par with GPT-4 such as Meta Platforms' Llama 3 models were released. Along with training large models, OpenAI has now invested in another route, called 'test-time compute,' which channels more processing power to solve challenging tasks such as math or complex operations that demand human-like reasoning and decision-making. The company's CEO Sam Altman said earlier this year that GPT-5 would combine both test-time compute and its large models. He also said that OpenAI's model and product offerings had become "complicated."
