The Economic Times News

President Donald Trump declared December 26 a holiday for federal employees in 2025. This is a temporary order and not a permanent federal holiday. Most banks and stores will remain open. The U.S. Postal Service will operate normally, with mail delivery and post office counters open. Private carriers like FedEx and UPS are also resuming their services.

Virat Kohli and Rishabh Pant's fifties propelled Delhi to 254, but Gujarat faltered in their chase, collapsing to 247. Despite a strong start, Gujarat's batters succumbed to pressure, handing Delhi a narrow seven-run victory in the Vijay Hazare Trophy.

Social Security retirement income in 2026 may look higher on paper but feel tighter in reality. Average monthly benefits hover near $2,013 after adjustments. Inflation lingers above 2.5% in key metrics. Everyday costs for groceries, housing, and healthcare climb faster than that COLA. The Bureau of Labor Statistics pegs senior housing inflation at 4.2% year-over-year. Retirees on fixed incomes feel the squeeze first. Medicare Part B premiums jump to $185.00 monthly in 2026, up $10.30 from 2025.

Streaming platforms are wrapping up this December with a packed weekend of new releases. Major services are bringing out highly awaited episodes, season finales, and full-series premieres, offering audiences a wide range of genres to choose from. Fans can watch fresh chapters of long-running hits, binge complete seasons of new thrillers, or delve into fresh documentaries and movies. Live sports and family-friendly titles also complement the list.

A number of weapons storage facilities and terrorist infrastructure sites were struck, which were used by Hezbollah to advance terror attacks against the state of Israel, a military statement said. Lebanon's National News Agency (NNA) reported a series of airstrikes by Israeli aircraft on mountainous areas in Nabatiyeh and Jezzine districts in the south, and the Hermel district in the east of the country.

Pakistan's massive defense deal with a Libyan faction carries significant implications for Europe and North Africa. The four billion dollar agreement could destabilize the Mediterranean region, impacting Egypt and posing a threat to Italy. This deal, reportedly supported by the US and Turkey, involves supplying combat aircraft to a non-state actor, undermining a UN arms embargo.

President Trump is facing trouble as a new poll shows falling approval among working-class Americans. Many people are upset about high prices and job worries. Economic stress is shaping public opinion and could affect future elections. Poll data and consumer confidence reports suggest money concerns remain a big issue heading into 2026.

Dog as tax dependent lawsuit explained: A New York lawyer is challenging the IRS in federal court. She wants to claim her golden retriever, Finnegan, as a tax dependent. She spends over five thousand dollars annually on Finnegan's care. The lawsuit argues that dogs deserve legal recognition for tax purposes. This case could impact other pet owners who financially support their animals.

Non-profits face potential FCRA registration cancellation for inactivity since 2021, with the MHA invoking a rarely used law. Notices cite non-utilization of foreign funds for three consecutive years, demanding explanations within 21 days to avoid ex parte action.

Trinamool Congress leader Abhishek Banerjee will connect with over 1.2 lakh party members virtually. These sessions will cover electoral roll revisions and recent political events. The party's development report card, 'Unnoyoner Panchali', will also be shared. This outreach prepares for the 2026 Assembly elections. Banerjee launched the campaign slogan 'Manbe na Haar, Aabar Trinamool Sarkar'.

A ban on jungle safaris in Karnataka's Bandipur and Nagarahole tiger reserves is impacting tourism. Resorts and homestays are facing cancellations. This peak season could see major job losses if the ban continues. Foreign tourists are rerouting their plans. The state's reputation is at risk. This situation is unprecedented for Karnataka tourism.

The announced meeting is the latest development in an extensive U.S.-led diplomatic push to end the nearly four-year Russia-Ukraine war, but efforts have run into sharply conflicting demands by Moscow and Kyiv. A meeting with U.S. President Donald Trump will happen in the near future, Ukrainian President Volodymyr Zelenskyy said Friday, signaling progress in talks to end the nearly four-year Russia-Ukraine war.

India voiced serious concerns regarding ongoing violence against minorities in Bangladesh. New Delhi emphasized that the upcoming February 2026 elections must be free, fair, and inclusive. The return of Tarique Rahman is viewed in the context of ensuring participatory polls. India condemned the recent lynching of a Hindu youth and expects justice for the perpetrators.

Russia's arms and ammunition production has surged dramatically since February 2022. President Vladimir Putin stated that overall production has increased 22 times. Tank production rose 2.2 times, military aircraft 4.6 times, and strike weapons and ammunition saw a 22-fold increase. This expansion is attributed to state support and the evolving nature of warfare.

Best retirement income sources: Many Americans anticipate relying on Social Security for retirement expenses. However, program insolvency looms, potentially cutting benefits by 2033. Current average checks fall short of retiree spending. Social Security was designed to supplement other income. Retirees increasingly use pensions, employer accounts, IRAs, savings, stocks, annuities, and real estate to cover costs.

Many companies may cut jobs in 2026 as they use more artificial intelligence. A new survey shows big firms are planning layoffs, especially in marketing roles. Unemployment is already high, and hiring is slowing. Some CEOs warn workers to learn AI skills, while others say AI will mostly change tasks, not replace jobs.

Landman Season 2 Episode 7 release date, time, schedule and how to watch details are now clear. The episode arrives on Paramount+ on December 28. Viewers can check global timings, full episode schedule, story recap, and streaming options in this explainer.

Ukraine and the United States are negotiating a plan to end Russia's war. Key issues like security guarantees, territorial disputes, and the Zaporizhzhia Nuclear Power Plant remain unresolved. Ukraine has shared its position with Washington, which will relay it to Moscow. Talks are ongoing, with further discussions planned.

Dow Jones Today: U.S. stock market experienced a slight retreat on Friday, December 26, as the initial euphoria of the Santa Claus rally met with typical year-end profit-taking. The Dow Jones Industrial Average fell 96.62 points to 48,634.54, down 0.20%. The S&P 500 dipped just 4.76 points to 6,927.29, off 0.07%, while the Nasdaq Composite held flat at 23,613.10, down a mere 0.21 points.

A Kota consumer court has summoned Bollywood actor Salman Khan. He must appear in person on January 20 regarding a pan masala advertisement case. The court also ordered a forensic examination of his signature on legal documents. The actor and a pan masala company face allegations of misleading the public.

Fibrebond bonus payout: A Louisiana factory CEO ensured over 500 employees received life-changing six-figure bonuses, totaling $240 million, as part of the company's $1.7 billion sale. This extraordinary condition, a non-negotiable demand from CEO Graham Walker, allowed workers to share in the windfall despite not owning stock, profoundly impacting their lives and the local economy.

Oracle co-founder and noted tech entrepreneur Larry Ellison took a big risk when he invested $2,000 to start Software Development Laboratories, later known as Oracle. One of the most prominent names in the tech field, Larry Ellison is a college dropout who even surpassed Elon Musk once to become the world's richest man. In his quote, he urges people to believe in what they are doing.

Trump accounts for children explained: Trump Accounts launch in 2026 for children born 20252028. Each starts with a $1,000 federal deposit. Families can add up to $5,000 yearly. Money grows tax-free. Withdrawals face limits and penalties. Small contributions may trigger IRS Form 709. Parents can begin enrollment during the 2025 tax season. However, new IRS Form 4547 complicates filings. This shift impacts FAFSA eligibility and future tax brackets significantly.

Assam Chief Minister Himanta Biswa Sarma announced the cancellation of commercial licenses on VGR-PGR land in Karbi Anglong and pledged government action following a Gauhati High Court decision. The state will also provide compensation and a job to the next of kin of a deceased protestor, while fencing and afforestation will prevent future encroachments.

Tripura Assembly Speaker Biswa Bandhu Sen has passed away at the age of 72. A former Congress leader who later joined the BJP, Sen served as MLA four times. The Tripura government has declared three days of state mourning. A state funeral will be held for the departed leader.

New student loan limits start in 2026. First-time college freshmen and graduate students will face lower borrowing limits for Parent PLUS, Grad PLUS, and graduate unsubsidized loans. Existing borrowers are not affected. Families need to plan carefully to avoid gaps and expensive private loans. Undergraduate subsidized and unsubsidized loans stay the same.

The NCLAT has ruled that a Committee of Creditors cannot change a resolution plan's fund distribution for dissenting creditors once it is approved. This decision came in the Reliance Communications Infrastructure Ltd matter.

The Dow Jones Industrial Average sat at 48,686.73, down 44.43 points or 0.09%. S&P 500 held at 6,937.95, up 5.90 points or 0.09%. Nasdaq Composite traded at 23,635.45, gaining 22.15 points or 0.09%. Gold and silver smash all-time records today. Tim Cooks Nike stake doubling sparks investor optimism. Crude oil climbs amid new global supply tensions.

Disney World has filed for demolition work at Animal Kingdom's iconic Tree of Life. This has caused concern among fans. The permit's short expiry date suggests swift action. Meanwhile, DinoLand is set to be replaced by a South America-themed land. The Dinosaur ride will also be re-themed to Indiana Jones.

Pell Grants are changing in 2026. New rules will let students in short programs get aid, count foreign income, and limit full-ride students. Families with small businesses or farms may get more money. Some students will get less aid, so checking state grants or local scholarships is important. These changes start with FAFSA 2026-27.

Nigeria anticipates further strikes against jihadist groups. This follows a Christmas Day bombardment by US forces in the north, described as a joint operation with Nigeria's military. The west African nation faces multiple security crises. The US strikes come amid diplomatic discussions. Nigeria provided intelligence for the operation. More joint strikes are expected with the US and other countries.

Social Security is facing financial challenges that may reduce benefits by 2033. Workers and retirees need to prepare for possible cuts. Strategies include boosting savings, delaying claims, and adjusting retirement plans. Congress can change taxes, benefits, or retirement age to address the funding shortfall.

Millions of seniors will see a 2.8% COLA increase in their 2026 Social Security checks. This adds roughly $56 monthly to average retirement benefits starting this January. However, surging 11.6% Medicare Part B premiums will offset these gains for many. A new $6,000 tax deduction helps shield income as payments move fully digital. Scroll down to see exactly when your first 2026 payment arrives.

Many people think their 401(k) is safe, but one mistake can ruin retirement. Being too risky or too safe can both cause problems. Big market drops, inflation, and poor balance can hurt savings. Experts say checking risk, spreading money wisely, and getting advice can help protect retirement money.

Mark Zuckerberg has gifted noise-canceling headphones to his Palo Alto neighbors. This gesture aims to ease tensions caused by years of construction at his expanding residential compound. Neighbors have faced disruptions from ongoing building work. Zuckerberg's staff also offered wine and doughnuts. This is not the first time Zuckerberg has faced property-related controversies with his neighbors.

Marie Curie's words offer a vital perspective on achievement. Her life demonstrates that significant accomplishments require patience and persistence. In today's fast-paced world, her message encourages embracing the journey. Slow progress is still progress. This quote reminds us that effort and consistency build meaningful success over time.

A Pension Adalat successfully resolved over 800 long-pending grievances for central government pensioners. The event, held at the Indian Institute of Public Administration, addressed issues from 30 departments. One pensioner received over 68 lakh rupees in arrears. This initiative provided timely justice to many super senior and family pensioners.

Many Americans feel unsure about retirement as savings stay low and living costs stay high. Younger workers feel the most pressure because they depend on personal savings. More older adults are choosing to work longer or return to work. Experts say planning ahead and checking retirement budgets can help reduce fear about the future.

Is the Stock Market Open Today? The primary US stock exchanges, including the NYSE and Nasdaq, are operating under a standard schedule today, Friday, December 26. Investors can expect the opening bell to ring at 9:30 a.m. ET, with the core session concluding at 4:00 p.m. ET. Dow Jones, S&P 500, and Nasdaq Composite resume full sessionsno early close today. Traders eye rebound plays after December 25 shutdown and Christmas Eve's 1 p.m. ET cutoff on December 24.

Nigerians across Sokoto state awoke to loud blasts Thursday night, worried their village was being attacked by one of the multiple armed groups that plague northwest Nigeria. We initially thought it was an attack by Lakurawa, the main jihadist group in Sokoto State, Kallah said.

In 2025, fitness and eating habits shifted towards long-term health. Japanese walking, Hyrox-style races, and power training became widely popular. AI trainers and fitness festivals began to replace traditional gym routines. Diet trends focused on fibre, gut health, and GLP-1 companion eating, while swicy flavours and fermented foods ruled kitchen trends. Overall, the year marked a clear move away from quick fixes towards sustainable wellness.

US minimum wage 2026: Workers in 2026 face differing minimum wage outcomes based on location. Nineteen states will see pay hikes on January 1. California plans two increases. Other states adjust later in the year. Many areas will remain at the federal $7.25 an hour. Southern states are prominent among those with no state-level changes.

Mexican authorities have seized Olympic medals, luxury motorcycles, and drugs in raids targeting a former Olympian, believed to be Canadian fugitive Ryan Wedding. The operation is a significant development in the hunt for the alleged cartel-linked drug lord, accused of building a billion-dollar drug empire tied to numerous murders. U.S. authorities are offering a substantial reward for his capture.