Amazon's stock is underperforming compared to the tech-heavy Nasdaq 100, primarily due to slower growth in its cloud-computing business, AWS. While other tech giants are benefiting from the AI boom, Amazon's diverse business portfolio is now seen as a drag on its stock price. Despite this, many analysts remain confident in Amazon's long-term potential and AI investments.
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US producer price inflation soared in July, reaching its highest level since 2022, fueled by rising service and goods costs. Economists suggest that President Trump's tariffs are contributing to increased business expenses, particularly in sectors like steel, aluminum and food products.
A BJP delegation, led by B Y Vijayendra, visited Dharmasthala temple to show support amid allegations of a smear campaign against the temple. R Ashoka accused Siddaramaiah of instigating unrest and blamed "urban naxals" and the "anti-Hindu Tipu gang" for the conspiracy.
In Dahisar (E), tragedy struck as an 11-year-old boy, Mahesh Jadhav, died after falling from the sixth tier of a Dahi Handi pyramid during practice. The incident occurred before Janmashtami, leading to an FIR against the mandal president for negligence, as children under 14 are prohibited from participating. Jadhav's family, migrant labourers from Karnataka, mourns the loss.
OpenAI CEO Sam Altman lauded India's enthusiastic adoption of AI, predicting it could become their largest market soon. He highlighted the nation's proactive integration of AI across various sectors, foreseeing significant societal and economic advancements. Altman emphasized India's shift towards becoming an AI producer, praising the entrepreneurial spirit driving innovation.
A major accident at a fair in Bilimora, Navsari, injured five people, including two children, when a 'Tower Ride' collapsed from 50 feet. The incident occurred amidst large crowds gathered near Somnath Temple. Police are investigating possible negligence, while a committee probes procedural lapses. The accident has raised concerns about public safety at Gujarat fairs, reminiscent of past tragedies.
Marah Abu Zuhri, a 20-year-old Palestinian woman evacuated from Gaza to Italy for malnutrition treatment, tragically died in a Pisa hospital shortly after arrival. Suffering from severe organic wasting, her case highlights the dire humanitarian crisis in Gaza, where widespread malnutrition and starvation are escalating due to the ongoing conflict.
NASA has shared new details about 3I/ATLAS. It is an interstellar object moving at 209,000 km/h. Hubble images show it is smaller than thought, about 5.6 km wide. It is a comet with a glowing tail. Scientists estimate it is eight billion years old. It poses no threat to Earth. NASA uses telescopes to study it.
An Indian man in Ireland reported experiencing racial harassment from teenagers who hurled slurs at him from a car while he waited at a bus stop. The incident, which left him feeling isolated due to bystander silence, follows an Indian Embassy advisory about rising attacks on Indian citizens in Ireland, urging precautions and awareness.
A Pakistan International Airlines-branded, aircraft-shaped balloon was discovered in Ramgarh, Samba district, raising security concerns. Border Security Force troops are investigating the balloon's origin. Similar incidents involving balloons with Pakistani markings have occurred in the area previously, prompting heightened vigilance by security forces along the International Border and Line of Control.
Delhi Public School in Dwarka faced a bomb threat on Monday, leading to immediate evacuation and searches by police and bomb disposal squads. This incident follows a similar situation on July 18, where over 20 schools in Delhi, including Abhinav Public School and Richmondd Global School, received bomb threats via email, prompting evacuations and extensive search operations by authorities.