Economy / The Economic Times
US stock futures recorded gains on Friday after Wall Street closed higher. Futures for the S&P 500, Dow, and NASDAQ also showed significant gains. After witnessing multiple fluctuations on Friday morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose 0.9%.
Indias exports to China grew 24.7% year-on-year to $10.03 billion in AprilOctober, rising every month and touching a 42% jump in October. Petroleum products, telecom instruments and marine goods drove the increase, helping offset the impact of steep US tariffs on Indian shipments.
India has introduced four new labour codes. These codes replace 29 old laws. They aim to simplify regulations and improve worker welfare. Minimum wages and social security are now guaranteed. Companies will find it easier to do business. This move is expected to boost productivity and job creation. The changes are effective immediately.
The government plans to introduce significant reforms in atomic energy, higher education, insurance, and securities markets during the upcoming Winter Session. New legislation will open nuclear power generation to the private sector, consolidate securities laws, and streamline education regulation. Additionally, bills to ease highway land acquisition and repeal obsolete laws are slated for introduction.
Tyson Foods is closing its beef plant in Lexington, Nebraska, and cutting a shift in Amarillo, Texas. The company faces big losses as U.S. cattle numbers drop. Thousands of workers will be affected. Tyson plans to boost production at other plants. The closures may impact local communities and beef supply, keeping prices high for consumers.
New York's incoming mayor, Zohran Mamdani, met Trump at the White House, describing the discussion as very productive. Trump expressed comfort with Mamdani's leadership and pledged federal support for a safe New York, a stark contrast to past threats. This meeting follows Mamdani's historic mayoral victory and his assertive stance on immigration.
Donald Trump and Zohran Mamdani talked about New Yorks rising living costs and high utility prices. They agreed that many people are worried about bills, safety, and daily expenses. Their meeting highlighted growing anger at Con Edison rates and how affordability is becoming a big issue for voters. Utility costs and New York prices are now major political concerns.
Teenager Anna Kepner's death aboard a Carnival Horizon cruise ship in November 2025 has been ruled an asphyxiation by bar hold, with investigators. Her 16-year-old stepbrother, identified as T.H., is reportedly under FBI investigation in connection with the case. Preliminary findings indicate no signs of sexual assault or substance use.
Donald Trump and Zohran Mamdani talked about New Yorks rising living costs and high utility prices. They agreed that many people are worried about bills, safety, and daily expenses. Their meeting highlighted growing anger at Con Edison rates and how affordability is becoming a big issue for voters. Utility costs and New York prices are now major political concerns.
Thanksgiving 2025 will see millions travel across America. A significant storm is forecast to hit the eastern two-thirds of the nation. This weather event is expected to cause travel delays on roads and at airports. Travelers are advised to prepare for potential disruptions during the busy holiday period. Millions will be on the move.
Nvidia share price, Google-parent Alphabet stock pushed Dow Jones, S&P 500, Nasdaq higher.
This weekend's streaming lineup features a diverse array of new releases across Netflix, Prime Video, and Peacock. From the animated fantasy of The Mighty Nein to the psychological drama If I Had Legs I'd Kick You and Ed Sheeran's One Shot, there's something for every viewer. Don't miss the return of A Man on the Inside and the U.K.
Social Security benefits explained: Many Americans misunderstand Social Security rules. Your 35 highest-earning years determine benefits. Claiming age impacts monthly checks, with early filing reducing payments and delaying increasing them until age 70. Social Security was designed to cover only about 40% of pre-retirement income. Additional retirement savings are crucial for a secure future.
A new US plan for the Ukraine war has created big tension. Donald Trump set a short deadline, and Ukraines President Zelenskyy says the pressure is very strong. The proposal includes major changes for Ukraine, and leaders in Europe are reacting carefully. The situation shows how serious the talks are and how much is at stake.
Ira contribution limit 2026 $7,500: The IRS has announced the 2026 IRA contribution limit will be $7,500. Saving this amount monthly could lead to significant retirement funds. Investing in an S&P 500 index fund could grow savings to $1.38 million. A balanced 60/40 portfolio might yield over $882,000. These figures offer a glimpse into future retirement wealth.
The latest draft has done away with the options that represented different countries and negotiating group positions. The balance between emission reduction, adaptation, and enablers is also missing. The draft calls for countries to accelerate the full implementation of NDCs but omits any language on a road map on transitioning away from fossil fuels.
VIP Industries is selling its Mumbai property, VIP House, to Kemp & Company. The deal is valued at 40.71 crore. This transaction is considered a related-party deal but is not material. Shareholder approval is required for Kemp & Company. VIP Industries holds a small stake in Kemp & Company. The sale is on an as-is-where-is basis.
Apple's iPhones are gaining ground in India, taking market share from Android phones. This trend is driven by Apple's focus on volume and accessible financing. Android brands are facing declining sales as consumers opt for iPhones. Apple's premium segment dominance is growing, with significant shipment increases. The overall smartphone market remains stagnant.
The Serious Fraud Investigation Office (SFIO) has implemented digital safeguards, including QR codes and unique identification numbers on summons and notices, to prevent impersonation and misuse. A multi-layer review mechanism now oversees the issuance of these official communications, enhancing transparency for citizens and companies.
Pharma experts have flagged concerns over the governments plan to set minimum import prices (MIP) for key drug ingredients such as Penicillin-G, 6APA and amoxicillin. They warn this will raise manufacturing costs, increase medicine prices and hurt over 10,000 MSMEs, potentially causing major job losses.
Israel anticipates major trade gains from the India-Middle East-Europe Economic Corridor. This ambitious project, linking India to Europe via the Middle East, will see Haifa port become a key gateway. The corridor's success hinges on expanding the Abraham Accords. India's rapid economic growth makes it a crucial partner for Israel, contrasting with Europe's slower pace.
Winter is a cheap time to travel in the U.S. because flights and hotels cost less. Many cities offer good winter trips under $500, with easy sightseeing and fewer crowds. These places give simple activities, warm food spots, and relaxed winter views. It is a good season for short breaks, weekend plans, or a quick budget getaway.
A trust that fails to unambiguously put down these conditions would not receive tax benefits offered to donors as well as charitable trusts.
TV broadcasters are preparing legal responses to Trais show cause notices over non-compliance with the 12-minute-per-hour ad cap. Industry bodies IBDF and NBDA are assessing options, calling the notices premature as the issue is before courts.
The new GDP series, with base year 2022-23, will be released on February 27, 2026, replacing the current 2011-12 base. The new series will use more granular data, driven by the availability of administrative datasets and annual enterprise surveys.
New labor codes are now in effect. They promise better wages and safety for electronics manufacturing workers. Increased investment and a skilled workforce are expected. Simplified rules and social security benefits will boost competitiveness. This modernizes labor laws, aligning India with global standards. The changes support workforce mobility and attract tech services.
Japans Kokuyo says India has become its top global priority market as rapid office construction and rising workplace investments drive strong demand. Masahiro Fukui, the companys global managing officer, said full office setups in India are completed within 7590 days a speed rarely seen elsewhere. Overseas investment after the pandemic has accelerated this trend, with global companies upgrading workplaces to attract talent.
India is introducing new labour codes. These codes simplify workplace rules across all sectors. They aim for universal minimum wages and social security for gig workers. Flexible work arrangements and digitized compliance are key features. The changes promote worker protection and ease of doing business. These reforms are set to modernize India's labour landscape.
New labour codes mandate online aggregators and marketplaces to contribute 1-2% of their annual turnover to a gig worker welfare fund. This move, impacting companies like Zomato, Swiggy, Uber, and Amazon India, aims to provide welfare benefits through an Aadhaar-linked Universal Account Number for gig and platform workers.
Trump Mamdani meeting: Both U.S. President Donald Trump and New York City Mayor-elect Zohran Mamdani hail from the Queens borough of New York City and both are masters of political theater -- but their styles couldn't be more different.
Jen Shah, a star of The Real Housewives of Salt Lake City, will be released from federal custody earlier than her original sentencing date. Her release date has been reduced multiple times due to good behavior and participation in prison programs. Shah is reportedly focused on reuniting with her family and building a healthier life after her incarceration.
High blood pressure, a silent killer, affects many Americans. Experts offer tips to manage it. Dietary changes, like reducing sodium and following the DASH diet, are crucial. Regular physical activity, including yoga, helps lower blood pressure. Quitting smoking and limiting alcohol are also recommended. Understanding the causes and taking proactive steps can lead to better health.
As of early 2025, India-based RN Ship Management Pvt Ltd, led by Indian nationals Zair Husain Iqbal Husain Sayed and Zulfikar Hussain Rizvi Sayed, served as the operator of multiple vessels used by Sepehr Energy Jahan to ship Iranian oil, including the sanctioned vessel SOBAR, the US Treasury said.
The project will be implemented through a special purpose vehicle (SPV), owned 60% by DGPC and the remainder by Tata Power. Tata Power will be investing about 1,572 crore in tranches, as per the agreed structure.
Tamil Nadu's Chief Minister MK Stalin has declared that the state will pursue constitutional amendments to ensure there are specific timelines for governors to approve legislative bills. This decision arises after the Supreme Court indicated that governors cannot be subjected to court-imposed deadlines.
Outgoing CJI BR Gavai stated the Constitution bench used a swadeshi interpretation in its Presidential Reference opinion, prioritizing Indian precedents over foreign ones. The bench unanimously ruled that imposing timelines on the President and governors for bill assent was erroneous and uncalled for, emphasizing constitutional elasticity.
Mitchell Starc, spearheading the home attack in the absence of the injured Pat Cummins and Josh Hazlewood, took a career-best 7-58 as Australia dismissed the tourists for 172 before tea. The large visiting contingent in the crowd of 51,531 were soon in full voice, however, as England skipper Ben Stokes led a pace counter-offensive to rip through the Australian batting order and claim his own five-wicket haul with figures of 5-23.
The National Commission for Minority Educational Institutions has taken a firm step by sending a show-cause notice to Al-Falah University after troubling claims tie the university to the recent Red Fort terror attack. This notice raises critical questions regarding the university's minority status, urging officials to clarify why it should remain unaltered.
Thanksgiving store hours in 2025 are different, and many big stores will stay closed for the holiday. Only a few places will open for short hours, mainly for last-minute needs. Some restaurants will also open with limited service. People are advised to check timings early and plan their Thanksgiving shopping ahead to avoid problems.
A Tejas fighter jet crashed at the Dubai air show. The pilot died in the incident. This is the first fatal crash of the Tejas aircraft. An inquiry has been ordered to determine the cause. Firefighters responded quickly. No ground injuries were reported. The Indian Air Force expressed regret over the loss of life.
This comes even as the Congress central leadership faces the mounting demand for a change of the CM to honour the rotational chief ministerial formula, and equally determined resistance to it.
Social media influencer Ben Bader, 25, died on October 23, 2025. He died from multiple reasons, and his death was dubbed natural. He was found unresponsive at a Florida community gymnasium after using a treadmill. A toxicology report detected codeine in his urine but ruled it did not contribute to his death.
Ankur Warikoos recent LinkedIn post challenges traditional ideas of wealth by framing money as a tool for freedom rather than consumption. Responding to an online prompt, he described richness through lifestyle choices such as travelling over 100 days a year, working from home and having time for family and personal growth. Warikoo reflected on shifting from chasing money in his twenties to valuing autonomy, arguing that true wealth lies in the ability to design ones life on ones own terms.
Bharti Airtel has lodged a complaint against Tejas Networks. Airtel alleges that Tejas' equipment is causing interference with its network in Rajasthan. This issue has been ongoing since last December. Airtel claims the problem stems from Tejas' radio equipment and filter design not aligning with India's frequency plan.
Social Security increase 2026 is officially locked in and the new payment numbers are bigger than expected. A 2.8% COLA boost will raise benefits for 75 million Americans starting January 2026, with SSI increases arriving December 31, 2025. The average retiree check jumps from $2,008 to $2,064, while spouses rise to $981, survivors to $1,619, and disabled workers to $1,627. Notices arrive in late November online and December by mail. The 2026 earnings limit increases to $24,480 and $65,160, let

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