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The Economic Times

Economy / The Economic Times

Citi downgrades US stocks to 'neutral' as AI sell-off, regulatory risks mount

Citigroup strategists downgraded US stocks to neutral from overweight, saying they wanted to see cleaner investor positioning and more stable sentiment towards artificial intelligence stocks following a sharp sell-off driven by concerns about surging AI spending and tighter regulation, Reuters reported.We worry that positioning on key indices, such as the Nasdaq, could reset lower into net-short territory, strategists led by Beata Manthey said in a note on Monday.For live updates on US Markets,

10 Nov 2026 12:42 am
When will DC Studios leadership change come into effect, and will James Gunn and Peter Safran still work with DC Studios?

DC Studios will see a change in leadership as James Gunn and Peter Safran will resign from their role as co-CEOs on December 1, 2026. Former Marvel Studios executive Jeremy Latcham will be stepping in as President and Chief Creative Officer. Gunn and Safran will continue their creative and producing roles and Latcham will manage the film, TV and animation projects at DC.

10 Nov 2026 12:08 am
RBI extends supersession of Abhyudaya Co-operative Bank Board for one more year

The Reserve Bank of India has extended the supersession of the Board of Directors of Abhyudaya Co-operative Bank. This extension will be effective until November 24, 2025, continuing a period of oversight. The RBI aims to address governance standards that raised material concerns regarding the bank's operations. Satya Prakash Pathak remains the Administrator, overseeing the bank's management during this time.

9 Nov 2026 11:26 pm
Mars and Jupiter converge this weekend, but fireballs after dark could steal the show first

Mars and Jupiter converge in the eastern sky before sunrise on November 15 and appear especially close the following morning.Both events are visible without a telescope, but they call for different viewing times.

9 Nov 2026 10:55 pm
Rs 628.49 cr generated through scrap disposal, over 14 acres of space freed up: Railways

Indian Railways generated Rs 628.49 crore through scrap disposal while also freeing up over 14 acres of space. The Special Campaign 6 concluded with a focus on cleanliness, e-waste management, and effective disposal of pending matters. Over 1 lakh cleanliness drives were conducted across various railway establishments during this campaign. Additionally, more than 1.50 lakh units of e-waste were responsibly disposed of, generating Rs 10.43 crore in revenue.

9 Nov 2026 10:37 pm
Fallout: Wasteland Warfare: Modiphius Entertainment tabletop game's second edition release date, new features

Fallout: Wasteland Warfare is set to get a second edition in February 2027. The game is a tabletop game by Modiphius Entertainment. It gives the Fallout video game experience with miniatures, battles and campaigns. The new edition will see the game introduce solo play, co-op, roleplaying and longer campaigns while retaining the player versus player battles.

9 Nov 2026 10:10 pm
Trump casts doubt on US midterm results

US President Donald Trump renewed baseless allegations of voter fraud Monday, questioning the legitimacy of last week's midterm elections after Democrats swept both chambers of Congress in a crushing defeat for his Republican Party.Does anybody really believe that this 'Election' was honest. How could the Polls be so wrong??? Trump wrote on Truth Social, alleging without evidence that large early voting dumps had made Republican victories impossible.It's all about the machines, which are far mor

9 Nov 2026 9:29 pm
The Rings Of Power Season 3: What happened in The Lord of the Rings show's Season 2?

The Rings Of Power Season 3 is about to be released in a few days. It is time for a recap of the big events of the Season 2. Sauron tricked Celebrimbor into making the Seven Dwarven Rings and Nine Rings. King Durin III awakened The Balrog, Pharazn took over Nmenor and the Stranger was revealed to be Gandalf. Adar attacked Eregion and Sauron gained an army.

9 Nov 2026 8:54 pm
Anirudh Ravichander and Kavya Maran wedding details: Check guest list, marriage date and venue, reception invitation design

Music composer Anirudh Ravichander and Sunrisers Hyderabad CEO Kavya Maran are reportedly set to tie the knot in a private destination wedding in Greece on November 11. Rajinikanth, MK Stalin and several prominent personalities from cinema, politics and business are expected to attend. Here's a look at the reported guest list, wedding venue, invitation design and the confirmed reception in Chennai.

9 Nov 2026 8:05 pm
Air quality deteriorates in north post-Diwali

New Delhi: A thick layer of smog hung over parts of north India on Monday, a day after Diwali celebrations during which crackers were burst beyond permitted hours, pushing air quality to alarmingly high levels.Delhi, Haryana, Punjab and Western Uttar Pradesh's Air Quality Index (AQI) levels were well above 350, falling into the 'very poor' range.Also Read: 'Data eclipse': Questions over Delhi AQI data as several monitoring stations go offline on Diwali nightOn Sunday, Delhi recorded its most pol

9 Nov 2026 7:25 pm
Joe Biden, in White House memoir, says Trump should carry the weight of Jan. 6 riots 'to his grave'

Joe Bidens memoir sharply criticizes Donald Trump for his role in the January 6 Capitol insurrection. Biden argues that Trump's actions have significantly harmed American institutions and societal coherence. During his presidency, Biden faced multiple challenges including the COVID-19 pandemic and economic instability. He reflects on a unique meeting with Trump that raised concerns about Trump's approach to governance.

9 Nov 2026 6:57 pm
Balrampur Chini's Rs 3,100-cr bio-plastic plant to start commercial operations in Jan-Mar: CMD

Balrampur Chini Mills plans to start commercial production at its Rs 3,100-crore bio-plastic plant next quarter. The company has invested around Rs 2,400 crore in the project so far, with expectations for significant future revenue. This plant will produce Poly Lactic Acid bioplastics from renewable resources such as sugarcane and corn starch. In addition, the company reported a 90 percent increase in net profit in the last quarter.

9 Nov 2026 5:13 pm
Govt may extend support measures in FY28 Budget to boost manufacturing of 100 products: Official

The government may announce Budget 2027-28 support measures to boost domestic manufacturing of 100 products, including auto components, chemicals and machinery, to reduce import dependence. DPIIT has identified the products after consultations with ministries and industry.

9 Nov 2026 4:51 pm
India's investment outlook strengthens as credit, exports rebound; inflation relief likely: HSBC

India's investment outlook is improving as credit growth and corporate revenue increase, pointing towards stronger private capital spending. The report from HSBC highlights that funds to the commercial sector have risen significantly compared to previous years. Additionally, rising services exports have helped maintain a steady current account deficit in the economy. However, challenges such as weak rural demand and inflation continue to impact households and corporate margins.

9 Nov 2026 4:44 pm
Gokul Dairy power tussle: Farmers, Opposition leaders stage protest in Kolhapur

Protests took place in Kolhapur as dairy farmers opposed the state's decision to grant voting rights to nominated directors. The ruling Mahayuti's strength would increase on the cooperative's 25-member board, shifting the power balance. Dairy farmers marched to the district collectorate carrying cattle to voice their opposition. The Rajarshi Shahu Shetkari Samvichari Aghadi has challenged this ordinance in court, seeking its annulment.

9 Nov 2026 3:53 pm
Nvidia controversy stokes export scrutiny risks for South Korean chipmakers

Samsung Electronics and SK hynix could experience greater export compliance challenges due to Nvidia's scrutiny over AI chips. US authorities have not announced new regulations yet, but potential measures might emerge. Chief Executive Jensen Huang's personal matters have spurred investigations into Nvidia's business dealings. A closed-door inquiry is scheduled to review security frameworks and contacts with foreign entities.

9 Nov 2026 3:49 pm
2026 to be one of four warmest years on record: WMO

The year 2026 is on track to become one of the four hottest years on record, with global temperatures averaging 1.47C above pre-industrial levels during January-September, according to the World Meteorological Organization. An intensifying El Nino could push temperatures higher into 2027, as record ocean heat, rising greenhouse gas concentrations and extreme weather deepen the global climate crisis.

9 Nov 2026 3:47 pm
Jindal, Italy's Arvedi bid for former Ilva steelworks

Jindal and Italy's Arvedi Group have submitted binding bids for the troubled Ilva steelworks. The site is currently overseen by government-appointed commissioners due to long-standing financial issues. Prime Minister Giorgia Meloni's government aims to secure the site's steel production and protect jobs. Complications have arisen after a court ruling mandated the shutdown of blast furnaces due to health concerns.

9 Nov 2026 3:44 pm