The Economic Times News

S&P 500, Dow, Nasdaq today: US stock market surged on Thursday, breaking a four-day slump as investors celebrated lower-than-expected inflation figures and optimistic projections from chipmaker Micron Technology. The S&P 500 climbed, with the Nasdaq Composite leading the gains. This positive sentiment was further boosted by encouraging jobless claims data, signaling a robust economic outlook.

Schedule 3 drugs: President Trump signed an executive order to reclassify marijuana to Schedule III, aiming to expand medical research into its potential benefits and risks. This move simplifies scientific study of cannabis without legalizing recreational use or enacting criminal justice reforms. The order also seeks to improve access to CBD and hemp products.

Crypto crash prediction after BOJ rate hike: Cryptocurrency markets are experiencing significant volatility as investors brace for a potential Bank of Japan interest rate hike on December 19. Bitcoin has seen a notable dip, with analysts warning of further declines if the BOJ tightens policy, mirroring past Fed actions. This move could drastically reduce global crypto liquidity, impacting digital assets.

Who is Greg Biffle? Greg Biffle was a former NASCAR driver and aviation business owner. He died along with his wife and children in a plane crash at Statesville Regional Airport in North Carolina. This explainer covers his career, family, net worth, and crash details.

Trump supporter Greg Biffle, wife Cristina, daughter Emma and son Ryder killed in Statesville plane crash after a Cessna C550 jet crashed while attempting to land in North Carolina. Authorities confirmed fatalities. Federal agencies are investigating the crash at Statesville Regional Airport.

Trump Media is merging with fusion energy company TAE Technologies in a multi-billion-dollar deal. The move links social media, clean energy, and artificial intelligence. The new company aims to build large-scale fusion power in the future. Supporters see energy potential, while critics raise concerns about politics, regulation, and funding for this emerging technology.

Bitcoin price is under pressure as a large options expiry looms. Over $23 billion in Bitcoin options contracts are set to expire, fueling fears of sharper price swings. Volatility has intensified, with significant price movements observed. Traders are bracing for further downside risk heading into the new year. An MSCI decision in January could also impact digital asset firms.

Greg Biffle net worth and wife Cristina Grossu last post are drawing attention after a Cessna C550 plane linked to the former NASCAR driver crashed at Statesville Regional Airport in North Carolina, prompting investigations, public concern, and questions about passengers, family, and financial background.

India's labour minister, Mansukh Mandaviya, announced new labour codes designed to boost the workforce and economic growth. These reforms aim to protect worker rights and ensure minimum wages. The government has consolidated 29 laws into four codes to simplify business and promote employment. This modernization seeks to create a fair and worker-focused framework for India's evolving economy.

A single photograph of Karoline Leavitt has sparked intense debate. Photographer Christopher Anderson defends the image, stating it was not meant to embarrass. He insists his close-up style aims to penetrate political theater. Anderson claims he did not edit out alleged injection marks, viewing it as an ethical stance. The White House criticized the magazine for intentionally demeaning its staff.

Carlos Alcaraz and Jannik Sinner engaged in a fierce rivalry, each securing two Grand Slam titles. Alcaraz triumphed at the French Open and US Open, while Sinner claimed glory at the Australian Open and Wimbledon. Meanwhile, the women's circuit celebrated a diverse year, crowning four distinct champions.

The NIA has made another arrest in connection to the Delhi Red Fort blast, capturing Yasir Ahmad Dar, the ninth individual linked to this chilling case. Reports suggest that he played a significant role in plotting the attack, having made pledges for sacrificial acts.

Social Security benefits: Many retirees assume waiting until 70 maximizes Social Security benefits. But early claiming can offer financial flexibility and protect savings. Life expectancy, investment returns, and daily spending needs change the math. Experts warn that delaying may miss peak retirement years. Learn how personalized planning, high-yield accounts, and long-term care strategies can help maximize income and safeguard your future.

In a resounding address at The Economic Times World Leaders Forum, Prime Minister Narendra Modi highlighted India's robust economic strength as a critical player on the global stage. Amid discussions about reshaping international dynamics, leaders acknowledged India's potential for stability and growth, viewing it as a beacon of hope.

India and Oman have signed a landmark Comprehensive Economic Partnership Agreement. Prime Minister Narendra Modi called it a blueprint for a shared future. This agreement will boost bilateral trade and investment. It will create new opportunities for growth, innovation, and employment. The pact also covers maritime heritage, education, and agriculture. Discussions included financial services and energy cooperation.

A federal court approved a Cash App settlement for users in Washington state who got unwanted referral texts. Eligible members can claim up to $147. The case involved unsolicited messages from the Invite Friends feature. Block, Cash Apps parent company, denies any wrongdoing. Payments will be sent after the settlement process begins.

A big 401(k) balance can look safe, but it may not protect your retirement life. Experts say the real focus should be on your income replacement ratio, not just savings size. This number shows how much of your salary your retirement income can replace. Planning by income goals, not lump sums, can help secure a steady retirement future.

The Allahabad High Court has made a bold statement by deeming the slogan 'Gustakh-e-nabi ki ek saza, sar tan se juda' as a direct challenge to Indian laws and its national integrity. The slogan was labeled as provocative, potentially stirring armed revolt.

Mark Zuckerberg gets back in Octagon, spars with this UFC star Merab Dvalishvili in new footage. The Meta CEO trained over three rounds. The session followed past MMA work, an ACL injury, and support from UFC president Dana White.

The Ursid meteor shower, the last significant celestial event of the year, peaks Sunday night into Monday morning and continues to be visible until December 26. While more subdued than other meteor showers, the Ursids provide a beautiful display of streaking lights across winter skies. Skywatchers in the Northern Hemisphere can anticipate five to ten meteors per hour, with occasional bursts up to 25.

Prime Minister Narendra Modi will visit Assam starting December 20. The Assam cabinet approved land for an Ammonia-Urea Project. Wetlands in Goalpara district will become Proposed Reserved Forests. Land is also transferred for a CRPF centre. Modi will address BJP workers and inaugurate new projects. He will also interact with students.

India's economy is growing strong. New trade deals with Oman and the UK are boosting exports. Domestic reforms are making businesses more competitive. This strategy helps India navigate global trade challenges. Exports are up, and the trade deficit is shrinking. India is becoming a reliable global trading partner.

America has imposed sanctions on two judges of the International Criminal Court. These judges are accused of targeting Israel. The US has stated that these individuals were involved in efforts to investigate or prosecute Israeli nationals. America and Israel are not members of the International Criminal Court. The sanctions include freezing assets and barring entry to the United States.

Opposition parties in Rajya Sabha voiced concerns over the SHANTI Bill, alleging it compromises safety and opens doors for irregularities by private players. Critics questioned the government's U-turn on nuclear policy, suggesting US pressure and a focus on benefiting private companies, particularly in Small Modular Reactors.

JPMorgan warned that six popular stocks may face a sudden pullback as market crowding hits extreme levels. The bank says heavy buying, especially in AI-linked and tech-related names, has raised risk for investors. With markets turning volatile, JPMorgan suggests caution and says safer, low-volatility stocks may offer better protection right now.

Micron stock jumps 11% after AI memory demand surges. Earnings beat Wall Street estimates with $4.78 per share on $13.64 billion revenue. Revenue guidance soars to $18.70 billion, reflecting strong data center growth. High-bandwidth memory market may reach $100 billion by 2028. Analysts call this historic upside, signaling huge AI opportunities ahead.

Oscars YouTube streaming marks a significant turning point for the Academy Awards as the ceremony prepares to leave traditional television. The Academy of Motion Picture Arts and Sciences has signed a multi-year agreement granting YouTube exclusive global streaming rights from 2029 to 2033, while ABC will remain airing the show through 2028. The move targets to expand worldwide access, providing free viewing, red carpet coverage, and behind-the-scenes content.

Russia fired the Oreshnik at Ukraine for the first time in November 2024. President Vladimir Putin has boasted that it is impossible to intercept and has destructive power comparable to that of a nuclear weapon, even when fitted with a conventional warhead.

John Travoltas youngest son and Elvis granddaughter Riley Keough relationship rumors explained as a lawsuit claims Riley Keough donated eggs to John Travolta and Kelly Preston. The filing includes claims, denials, background details, and responses from Priscilla Presleys legal team.

Albert Einsteins quote, Life is like riding a bicycle. To keep your balance, you must keep moving, highlights the idea that progress, however slow, is essential for maintaining stability. Stagnation often leads to imbalance, while steady movement encourages clarity and confidence, making it a timeless lesson for navigating lifes challenges.

Nasdaq jumped over 450 points Thursday as tech stocks rebounded sharply. Cooling inflation data lifted hopes for earlier Federal Reserve rate cuts. Micron earnings beat forecasts, signaling strong AI-driven chip demand ahead. Semiconductor stocks rallied, pushing Nvidia, Micron, and Nasdaq futures higher. The S&P 500 and Dow also climbed on easing macro fears.

The ruling BJP in Assam is gearing up for the 2026 assembly polls, targeting 102 seats with a focus on new faces and women candidates, aiming for a 50 percent vote share.

Inflation has ticked up this year as U.S. President Trump slapped new tariffs on goods from US trading partners, causing many firms to flag a hike in business costs.

The Don Holt Bridge on I-526 is shut down in both directions. North Charleston Police confirmed the closure early Thursday morning. An obstruction in the roadway is the stated reason. Authorities have not provided an estimated reopening time. Drivers are advised to find alternate routes. The bridge closure impacts morning commutes.

European Union leaders are meeting to decide on a significant move. They are considering using frozen Russian central bank assets to support Ukraine. This plan aims to provide funds for Ukraine's survival and war needs. However, some nations warn of legal and financial repercussions. The decision carries major implications for Europe's security and international standing.

He will also felicitate the recipients of the Prime Minister's Awards for Outstanding Contribution to the Promotion and Development of Yoga for the years 2021- 2025.

Pope Leo has appointed Bishop Ronald Hicks as the new Archbishop of New York. This move replaces Cardinal Timothy Dolan, who reached the mandatory retirement age. Bishop Hicks, a bishop from Illinois, will now lead one of America's most influential Catholic archdioceses. He is seen as a supporter of Pope Francis' reformist vision.

India and Oman have signed a new trade agreement. This pact grants duty-free access to Oman for Indian agricultural and processed food products. Items like honey, cashews, and meat will benefit. Indian consumers will also see cheaper dates from Oman. This agreement is expected to significantly boost India's exports to Oman.