The CEOs of US investment banks Goldman Sachs and Morgan Stanley cautioned investors about a potential 10-20% equity market correction over the next one to two years. Goldman Sachs CEO David Solomon noted, "Things run, and then they pull back so people can reassess." Morgan Stanley CEO Ted Pick described such periodic pullbacks as normal and healthy market adjustments.

An ex-employee of a tech company revealed that before leaving, they drafted a consulting agreement with their former employer, charging 2.5 times their prior hourly rate for post-exit support. "Your time doesn't become free the moment you walk out the door," they wrote. This angered their ex-boss, who instructed the team not to contact the consultant unless there was an emergency.

Rakshit Hargave, CEO of Grasim Industries' paints division, Birla Opus, will step down effective December 5, 2025. His resignation comes just a year and a half after the company's launch. He will assume charge as CEO of Britannia Industries on December 15. In his absence, Birla Opus MD Himanshu Kapania will temporarily oversee the division's daily operations.

Billionaire Harsh Goenka said it'd be "frightening" if Donald Trump banned India from using American apps X, Google, Instagram, Facebook or ChatGPT. "Just think about consequences seriously and what could be Plan B," he said. "Expected more mature thoughts from you," a user said. "This hypothetical 'digital Iron Curtain' would crater India's $200 billion+ digital economy overnight," said another.

Chinese Premier Li Qiang pledged to open China's consumer market at China International Import Expo. He said, "At a time when world economy is slowing down and international disputes are intensifying, we must adhere to...mutually beneficial cooperation, embrace free markets and free trade." The govt willing to work with all parties to create inclusive development environment, he added.

Noida-based edtech firm Physics Wallah will launch a ₹3,480-crore IPO, according to the Red Herring Prospectus (RHP). The issue includes a fresh issue of shares worth ₹3,100 crore and a ₹380-crore offer for sale. The anchor round opens on November 10, followed by the public offer from November 11-13. Allotment is expected on November 14, with listing on November 18.

Lyft (LYFT) announced a partnership with United Airlines to let US riders earn MileagePlus miles for eligible airport rides. Members can link accounts in the Lyft app and earn four miles per dollar spent. The move follows Delta Air Lines decision to end its eight-year partnership with Lyft and shift its SkyMiles rewards program to Uber.

BCA Research Peter Berezin warned that AI technology could become a commoditised product with commoditised margins, lacking the network effects that make social media highly profitable. Berezin noted that users interact with AI, not with other users, limiting stickiness and pricing power. He questioned AI long-term profitability amid soaring valuations.

Bank of America (BAC) raised its medium-term profitability targets ahead of its first Investor Day since 2011, forecasting 5-7% annual growth in net interest income and over 12% annual EPS growth. The bank expects $450-490 billion in low-yield assets to mature and be replaced by higher-yielding investments as it pushes to close the gap with JPMorgan.

The ₹3,480-crore Physicswallah IPO is one of India’s biggest education-sector listings, reflecting the edtech firm’s bold expansion from online teaching to offline centres. Backed by WestBridge Capital, the issue combines a ₹3,100-crore fresh share sale and ₹380-crore OFS, signalling strong investor confidence in India’s growing hybrid learning and affordable education market.