The Economic Times

America's President Donald Trump has reduced tariffs on farm and industrial equipment. Duties on machinery like harvesters and bulldozers will now be 15 percent. This aims to lower costs for producers and boost investment. Foreign manufacturers can get a 10 percent rate if their equipment uses 85 percent US steel or aluminum. These measures are in effect until 2027.

This week's streaming lineup offers a diverse range of new releases, from intense crime thrillers like Dhurandhar The Revenge and Patriot to insightful documentaries such as Michael Jackson: The Verdict. Family dramas like Gullak Season 5 and romantic comedies like Office Romance also debut, ensuring entertainment for all tastes. Read on!

Quote of the day by Terence Tao quote highlights that talent alone is never enough in modern learning and success culture. The Terence Tao quote inspires students, researchers, and creators to focus on daily improvement, deep thinking, and consistent practice. In todays SEO and knowledge-driven world, growth mindset matters more than natural ability, shaping real understanding and long-term achievement clearly.

US President Donald Trump reportedly had a heated phone call with Israeli Prime Minister Benjamin Netanyahu. Trump expressed anger over Israel's military response in Lebanon. He criticized the destruction of buildings and threats against Beirut. Trump stated that global animosity towards Israel was increasing due to these actions. Netanyahu's office maintained Israel's position.

Trump Accounts are moving closer to launch, with eligible families set to access a $1,000 government-funded investment bonus for qualifying children. The newly released Trump Accounts app allows parents to begin account setup before the July 4, 2026 rollout. Backed by the U.S. Treasury, the child savings program offers tax-deferred investing, annual contributions up to $5,000, and long-term wealth-building potential.

Alphabet stock price remained in focus after Google parent Alphabet announced plans to raise up to $80 billion to expand artificial intelligence infrastructure. The company said Berkshire Hathaway will invest $10 billion as part of the fundraising effort. The move comes as Alphabet increases spending on AI data centers, chips, and computing capacity while competition among major technology companies continues to grow.

Friedrich Nietzsche, a major figure in Western philosophy known for his sharp and aphoristic style, explored human relationships through a realistic lens in his 1878 work Human, All Too Human. In his quote of the day, he emphasizes that marriage is fundamentally built on friendship rather than romance alone. Nietzsche suggests that emotional compatibility, trust, and the ability to form genuine human connections are more important for a lasting relationship than passion by itself.

Why are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved higher after Iran suspended negotiations with the United States and concerns returned over crude supplies through the Strait of Hormuz. Brent crude and US WTI futures gained sharply as traders assessed risks linked to the Middle East conflict, inflation, global stock markets, and future energy deliveries.

A breakthrough quantum physics experiment has revealed a startling result. Scientists measured negative time as photons moved through a cloud of rubidium atoms. The study analyzed millions of observations and confirmed the effect using advanced weak measurement techniques. This negative time quantum experiment does not enable time travel. However, it challenges how researchers understand photon interactions, quantum mechanics, and the nature of time itself.

An African proverb warns that neglected children may resort to destructive behavior to feel warmth and belonging. This ancient wisdom underscores the universal human need for acceptance, emphasizing that communities must embrace individuals to prevent alienation and foster a healthier society. Feeling seen and valued is crucial for positive contributions.

Michael Saylor's Strategy Bitcoin (BTC USD) sale: Strategy has sold 32 bitcoin for approximately 2.5 million dollars. This is the company's first bitcoin sale since late 2022. The proceeds will help fund distributions on its preferred stock. Strategy continues to hold a significant amount of bitcoin. The company's approach to bitcoin accumulation remains its core strategy.

Spanish proverb of the day highlights an important lesson about reality, appearances, identity and character. The saying teaches that external changes cannot transform a person's true nature. It reminds people to focus on actions, values and behavior rather than wealth, clothing or status. The proverb remains relevant in modern society where appearances often influence opinions and decisions.

The June 2026 Social Security payment schedule is based primarily on a beneficiary's birth date. Individuals who started receiving benefits before May 1997 generally receive payments earlier in the month. Those who began receiving benefits afterward are grouped according to their birth dates. Under the June 2026 Social Security payment schedule, Supplemental Security Income recipients receive payments at the beginning of the month.

The spotlight shines brightly on young cricketer Vaibhav Sooryavanshi, who is rapidly becoming a sought-after name in the sports world. Corporations are eager to collaborate with him, recognizing the potential for lucrative endorsements. His outstanding gameplay has significantly increased his worth, reaching over one crore rupees per agreement.

African Proverb of the Day highlights the meaning of A man will never heed the voice of a woman until it is too late. The saying reflects how people sometimes ignore valuable advice or perspectives due to pride, bias, or a lack of attentiveness in the moment. It suggests that wisdom is often available early, but it may not be recognized or appreciated until after consequences have already taken place.

A meteor traveling at approximately 75,000 miles per hour exploded high above the northeastern United States, producing a bright fireball and sonic booms heard across Massachusetts and neighboring regions.Scientists confirmed the object was a natural meteor rather than space debris or a satellite. Despite the dramatic spectacle, no injuries or impact damage were reported, as the meteor disintegrated in the atmosphere.

S&P Global's manufacturing Purchasing Managers' Index (PMI) edged up to 53.9 in May from 53.7 in April. A reading above 50 indicates expansion. The increase was driven largely by companies bringing forward orders to avoid expected price increases and delivery delays, suggesting the improvement may prove temporary.

Chinese proverb of the day explores the saying, Beauty is the wisdom of women. Wisdom is the beauty of men. The proverb reflects traditional views about relationships, love, happiness, and personal values. Its meaning has evolved over time. Today, it encourages people to value inner beauty, emotional intelligence, wisdom, authenticity, and balanced partnerships while questioning gender stereotypes and promoting mutual respect.

Valued at nearly $965 billion following recent funding activity, Anthropic has emerged as one of the world's most valuable private technology companies. The companys confidential filing suggests that executives believe public markets are finally ready to place a price on the future of advanced AI systems. For many investors, the Anthropic IPO is not simply about one company. It is increasingly viewed as a referendum on the commercial potential of generative AI itself.

India has suspended its 11% import duty on cotton until October. This move has immediately reversed the recent rally in cotton prices, with both bales and yarn seeing a drop. Industry insiders expect further price decreases in the coming days. This decision aims to ease prices, prevent hoarding, and boost the competitiveness of Indian textile exports.

Iran struck a US air base following American strikes on its military sites. Kuwait also reported missile and drone attacks. These actions have heightened regional tensions and increased oil prices. Israel expanded military operations against Hezbollah. Pakistan is mediating peace efforts amid ongoing conflict and disrupted energy markets.

Demand for MGNREGS work saw a significant drop in May compared to last year. This comes as a new program is slated to replace the current scheme from July 1. Preliminary data shows a nearly 28% decrease in job seekers. Experts attribute this moderation to buoyant economic activities offering better job prospects in other sectors.

LPG sales saw a significant drop of 24 percent in May compared to last year. Meanwhile, petrol and diesel sales by state-run companies increased. Aviation fuel sales also showed growth. This indicates a shift in fuel consumption patterns. More comprehensive industry data will be available soon.

India's GST collections hit an impressive 1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essential raw materials and electronic components. Interestingly, while import-led revenue climbed higher than domestic transactions, officials praised the prevailing business confidence and a thriving industrial sector.

India's manufacturing sector saw strong growth in May, reaching a three-month high. Demand remained steady, boosted by infrastructure projects and new business. Output increased, and new orders grew fastest since February. While cost pressures intensified, input cost inflation eased slightly. Job creation continued, and businesses are optimistic about future growth.

Quote of the day by Jennifer Lawrence: Her quote emphasizes the dual paths of independence: unchecked freedom or self-parenting through discipline and responsibility. This message resonates today as modern life demands individuals manage challenges autonomously, highlighting that true freedom requires thoughtful decision-making and self-leadership for personal growth and resilience.

Royal Challengers Bengaluru secured their second consecutive Indian Premier League title. Virat Kohli's exceptional batting performance was a key factor in their victory. The tournament saw numerous team and individual records broken, including the highest team total chase and the most sixes hit in a season. Young Vaibhav Sooryavanshi also set a new record for individual sixes.

The release revives a controversy that has dogged Starmer's government since reports emerged about Mandelson's past links to the late financier and convicted sex offender Jeffrey Epstein. Earlier documents published in March revealed that official vetting had flagged potential reputational risks associated with those connections.

In a commendable feat, the Indian government has hit its FY26 fiscal deficit goal of 4.4% of GDP, largely due to prudent expenditure management. With net tax receipts reaching 98.1% of the anticipated target and non-tax revenues exceeding projections, the overall government spending was also well within planned constraints.

China has introduced new rules to tighten control over overseas investments. This directive aims to enhance national security reviews for cross-border capital flows. The regulations, effective July 1, prohibit the transfer of restricted goods, technology, services, and data abroad. Offenders face financial penalties, including fines and asset disposal.

The government has approved five new appointments to the Supreme Court. This includes four Chief Justices from various High Courts and senior advocate V Mohana. These appointments follow the recent increase in the Supreme Court's sanctioned strength. With these additions, 37 out of 38 positions in the top court are now filled.

April marked a significant milestone for India's industrial landscape, showcasing a 4.9% increase in production. The manufacturing sector was the star of the show, particularly with notable advancements in automobiles and electrical equipment. Unfortunately, the mining sector struggled, reflecting a broader trend.

SoftBank Group has become Japan's most valuable company, surpassing Toyota Motor. This shift highlights investor excitement for artificial intelligence. SoftBank's shares surged, while Toyota's stock declined. The move signals a preference for AI-linked businesses. Japan's memory chip maker Kioxia Holdings also benefits from AI demand.

Over four lakh students are awaiting the portal's activation amid serious doubts over their Class 12 board mark evaluation through the new on-screen marking mechanism. Many are seeking verification of their answer sheets while others have applied for re-evaluation of their answer sheets.

The Supreme Court has declined a plea to conduct the NEET-UG 2026 re-test in a computer-based format. Justices PS Narasimha and Aravind Kumar deferred the matter to July. The court cited practical difficulties and past dismissals of similar requests. The re-test is scheduled for June 21. The plea sought reforms including a shift to computer-based testing for future exams.

New Chinese regulations on technology transfers may affect India's electronics and automotive component manufacturing plans. Indian companies are seeking clarity from Chinese partners. Executives fear delays in crucial areas like display manufacturing and electric vehicle components. While some expect minor delays, others foresee significant disruptions in talent flow and joint ventures.

The Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and assets. This follows a report highlighting inconsistent application that cost the government revenue. These rules help tax authorities treat unexplained money, investments, or spending as income if taxpayers cannot provide a valid source.

India is nearing a trade deal with the US, with most aspects of the first phase finalized. Discussions are ongoing for minor details. Meanwhile, India is working with the UK to implement their trade agreement. Key issues like UK steel measures and carbon taxes are being addressed. Both nations aim for a swift rollout of the pact.

Zee Entertainment Enterprises has acquired media rights for the FIFA World Cup 2026 and 2030 in India. This move signals Zee's re-entry into sports broadcasting with its upcoming Unite8 Sports channels. The deal concludes extensive negotiations after previous talks with JioStar faltered. Industry sources estimate the value to be over $40 million.

The Reserve Bank of India is taking a closer look at its credit loss regulations, which may result in higher borrowing costs for small and mid-sized firms. With rating agencies recently exceeding default rate benchmarks, there is a chance of elevated risk weights for these businesses.

India's government is reviewing green ammonia demand from fertiliser companies. This comes as companies seek more long-term supply contracts. Geopolitical issues have disrupted conventional ammonia supplies and raised import costs. Fertiliser makers are now finding earlier fixed prices for green ammonia more attractive. This reassessment is significant given India's large ammonia needs.

India's electric car sales surged 79% in May. Tata Motors and Mahindra & Mahindra gained market share. Newcomer VinFast also saw growth. JSW MG Motor and Hyundai Motor experienced a decline. Higher fuel prices are driving consumers to electric vehicles. This trend shows sustained growth in the electric car sector.

Indian banks are offering more loans at lower interest rates. Almost two-thirds of all bank credit now has rates below 9%. This shift follows a year of aggressive rate cuts. While credit growth is strong, banks' profit margins face pressure. Metropolitan areas and public sector banks lead lending. Agriculture and industrial credit also accelerated. Personal loan growth moderated.

Indian car sales surged significantly in May. Maruti Suzuki and Tata Motors reported robust growth. Two-wheeler sales also saw double-digit increases. Despite global challenges, consumer demand remained strong. This positive trend extended to utility vehicles and electric vehicles. Farm equipment sales also performed well. The automotive sector shows resilience and continued momentum.

Lalit Modi has opened up about his past relationship with actor Sushmita Sen during a recent podcast interview, calling her very special and saying he continues to hold respect and fond memories of their time together. He spoke about how their long-distance situation played a role in their breakup but insisted there are no regrets from his side. Modi also strongly dismissed the gold-digger allegations made against Sen after their relationship became public in 2022.

The Delhi High Court division bench has ruled in favor of Intas Pharmaceuticals, allowing the company to introduce its anti-cancer medication, Bevatas, to the market. This decision overturns a previous block on the drug, affirming the court's view that Bevatas and Sun Pharma's Bevetex are sufficiently different in their ingredients and intended use.

Wockhardt Hospitals is set to launch its antibiotic Zaynich in the US. Zahabiya Khorakiwala will lead US operations. The drug is expected to generate $1.5-2 billion in peak annual sales within 4-6 years. Wockhardt aims for a 20% share of the AMR market. The company is also developing new antibiotics for its pipeline.

The Delhi High Court's recent ruling has exonerated Samir K. Modi from defamation allegations made by independent directors Nirmala Bagri and Atul Kumar Gupta, who claimed their reputations were harmed. The court clarified that Modi's remarks were not aimed at them but were pertaining to his mother.

India has initiated the process to acquire 114 Rafale fighter jets from France. A letter of request has been sent, paving the way for price negotiations. The deal, valued at 3.25 lakh crore, includes technology transfer. A significant portion of these jets will be manufactured in India, boosting local production capabilities and aiming for substantial indigenous content.