The Economic Times

Credit Card interest rate: Donald Trump, under pressure to address voters' cost-of-living concerns ahead of this year's congressional elections, called for the cap earlier this month, without detailing how the plan would be implemented.

US stock market bounced back strongly today. All major indexes closed in the green. The Dow jumped 337 points, while the S&P 500 and Nasdaq climbed over 0.70%. Equities rose after Trump ruled out using military force to acquire Greenland. This eased Sell America fears and stabilized the dollar. Bank stocks gained despite proposed credit card rate caps. However, gold surged to $4,856 as trade tensions with Europe remain a long-term risk.

United States President Donald Trump has predicted a swift economic revival for Venezuela. He stated the South American nation will earn significantly more in the coming six months than it has in the past six years. Trump emphasized that the US is actively assisting Venezuela's recovery. This comes after what he described as years of self-inflicted mismanagement by the country.

Taylor Swifts newly unsealed texts have ignited social media as they shed light on her role in the ongoing legal conflict between Blake Lively and Justin Baldoni. The documents indicate that Swift provided guidance and support to Lively, placing her as more than a passive observer in the battle. The revelations emphasize the dynamics of friendship, trust, and behind-the-scenes coordination amid a high-profile courtroom concern.

Synopsis - Dnouement is the ending of a story where everything is solved and tied together. It comes from French, meaning to untie. Stories, books, and movies use it to show what happens after the climax. Dnouement gives closure, explains character outcomes, and leaves readers satisfied. Classic and modern stories all use it to finish the plot clearly.

US President Donald Trump mocked Emmanuel Macron at Davos Wednesday, taking aim at sunglasses his French counterpart wore a day earlier for health issues and accusing him of playing tough over pharmaceutical price negotiations. But I watched him sort of be tough over his hesitation to raise drug prices to be more in line with US rates, Trump said in an address to the economic forum.

Assam's Chief Minister Himanta Biswa Sarma has taken center stage at the prestigious World Economic Forum in Davos. His mission? To attract investments in transformative sectors like green energy, hydropower, and cutting-edge semiconductors.

US natural gas futures have skyrocketed 60% in three days, hitting nearly $5.00/MMBtu. An intense Arctic blast is driving record heating demand across the Midwest and Northeast. Supply is tightening as extreme cold causes wellhead freeze-offs in Texas. This sudden shift forced bearish traders into a massive short squeeze. While this spike fuels immediate inflation concerns, record domestic production may eventually stabilize the market.

The Karnataka High Court has ordered the Enforcement Directorate (ED) to postpone a personal hearing for Caf Coffee Day executives, originally scheduled for January 30. This decision follows a plea by the coffee chain challenging the ED's FEMA proceedings initiated in 2022. The court granted interim relief, deferring the proceedings until further orders.

Allowing a criminal original petition filed by Malviya, the BJP's IT Cell chief, seeking to quash the first information report, Justice S Srimathy said continuation of the case would amount to abuse of process of law. Hence, the impugned FIR filed by Tiruchirappalli city police is quashed.

With air travel to China becoming more accessible and budget-friendly accommodations popping up, Indian tourists are increasingly setting their sights on this diverse country. However, recent changes in visa regulations are adding complications, leading to longer wait times and a rise in application denials.

Senco Gold Limited has approved an investment of Rs 68 crore to acquire a 68% stake in August Jewellery Private Limited, the parent company of Melorra. This strategic acquisition aims to bolster Senco Gold's digital and omnichannel presence, particularly targeting the youth jewellery segment. The investment will fund Melorra's growth, expansion, and debt repayment.

An employees Reddit post has drawn attention to workplace insensitivity after he alleged that his manager made a disturbing comment following the death of his grandmother. The employee said the remark severely affected his mental health and left him torn between quitting without a backup job or continuing in a role that already offered limited growth.

A striking No Kings message appeared on a mountainside in Davos, Switzerland, hours before U.S. President Donald Trump was scheduled to speak at the World Economic Forum (WEF). The display, made by local activists carrying almost 450 torches, stated NO KINGS against the Alpine backdrop. Originating from the U.S.-based protest movement citing America has no kings, the message champions accountability and democratic principles.

Medicare hospital costs in 2026 are higher for enrollees. Even without a monthly Part A premium, patients must pay a hospital deductible and daily charges for long stays. Costs rise after 60 days and increase more after 90 days. Medigap insurance can help reduce these out-of-pocket hospital expenses for retirees.

US President Donald Trump addressed the World Economic Forum in Davos, where he labelled green energy policies as the greatest hoax. He criticised wind energy, claiming it leads to financial losses rather than profits. Trump argued that Europes strong focus on green energy has harmed its economy and added that mass migration has further contributed to economic strain.

President Trump revisited his claim over Greenland at the World Economic Forum, stating the US was stupid to return it to Denmark post-WWII. He emphasized its strategic location between major powers and argued for its long-term importance, despite calling it almost uninhabitable. His remarks underscore ongoing tensions with Europe over the Arctic island.

Social Security benefits rose by 2.8% in January 2026. The average retired worker now receives $2,071 monthly. This $56 increase helps cover rising housing costs. However, Medicare Part B premiums jumped to $202.90, offsetting some gains. New retirees may see checks near $2,100 by year-end. High earners retiring at age 70 can claim up to $5,108. New state tax deductions offer extra relief for seniors.

India's economy is poised for strong growth, projected to be the world's fastest. Domestic demand is robust, and the manufacturing and services sectors are performing well. Despite global geopolitical risks and US trade tariffs, Indian exporters are diversifying.

The search for missing Malaysia Airlines flight MH370 has restarted. Aviation enthusiasts noticed unusual movements from a search vessel. Experts have debunked online speculation that the ship was deploying underwater robots. The vessel was actually waiting out bad weather. The company does not have underwater robots on board. This search is a new attempt to find the plane.

India now has a domestic facility for refining high-purity tin. Yash Gupta's Rikayaa Enterprises is reducing the country's dependence on imported tin. This venture is crucial for India's electronics and manufacturing sectors. The company extracts tin from scrap and electronic waste. Rikayaa Greentech's plant in Baddi produces tin comparable to global standards. This initiative supports India's self-reliance goals.

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Donald Trump a week ago told the credit card industry it had until January 20 to comply with his demand for a 10 per cent cap on interest rates.

Bangladesh's participation in the 2026 T20 World Cup is uncertain. The ICC has rejected the Bangladesh Cricket Board's request to move matches from India. The global body has warned Bangladesh to confirm travel to India within a day or face replacement. Scotland is next in line to take their spot. This standoff follows a dispute over an IPL player.

Donald Trump's approach to leadership is seen as un-American. His decisions prioritize personal ambition over national interests. This is evident in his dealings with foreign leaders and his pursuit of Greenland. The article suggests his actions could lead to America's financial and political decline. Competitors like Russia and China benefit from this. The author fears a future of 'America alone'.

Karnataka Deputy Chief Minister D K Shivakumar invited global industry leaders to invest in Bengaluru. He described the city as a future hub with a strong ecosystem and skilled workforce. Shivakumar highlighted Bengaluru's talent pool and infrastructure development plans. He assured investors of efficient governance and full cooperation. The state is enhancing transport connectivity across Karnataka for future growth.

Abraham Lincolns quote, My concern is not whether God is on our side; my greatest concern is to be on Gods side, conveys moral responsibility above personal benefit or convenience. The statement urges ethical decision-making, integrity, and justice, reminding us that genuine success arrives from acting rightly rather than looking for approval or advantage. This wisdom is especially relevant today, where shortcuts and self-interest are often favored.

Tom Hollands quote of the day shares a strong message about hard work and effort. He reminds people that trying your hardest is more important than being perfect. Even if things do not go as planned, giving your best helps you feel proud. The quote reflects Tom Hollands life and success as a young actor.

The 2026 tax season begins January 26. New laws change how much you owe. A family earning $73,000 can now pay $0 in federal taxes. This happens because the standard deduction rose to $32,200 for couples. The Child Tax Credit also increased to $2,200 per child. Tips and overtime are now tax-free up to $25,000 each. Average refunds are hitting $4,000.

Manipur Governor Ajay Kumar Bhalla launched a new service for Aadhaar enrolment of children. This system links Aadhaar with birth registration. He also launched Hopegrown Black Rice. This initiative supports displaced families in Kangpokpi through farming. The Governor urged officials to replicate this successful livelihood project in other districts. The aim is to help vulnerable communities.

With unwavering determination, PM Keir Starmer has dismissed U.S. President Donald Trumps requests pertaining to Greenland, insisting that Britain will not compromise its values even in the face of tariff negotiations.

Ephemeral describes things that last for a very short time, like fleeting emotions or trends. This word, originating from Greek for 'lasting only a day,' highlights the quiet beauty of temporary moments. Writers use it to convey life's transient nature, reminding us to cherish what fades.

Quote of the Day: Fyodor Dostoyevsky, a renowned Russian writer, explored life's deepest questions. His famous quote highlights that survival is not enough. Finding purpose, meaning, and belief transforms existence into life. Dostoyevsky's own life, including a near-death experience and Siberian exile, shaped his profound insights into human suffering and the search for meaning. His works continue to inspire readers worldwide.

AIIMS-certified nutrition expert Deepta Nagpall emphasizes that physical decline rarely occurs without warning. Subtle, often overlooked bodily discomforts and imbalances, like eye twitching or persistent tiredness, signal underlying nutritional gaps. Recognizing these early cues, such as tingling or reduced taste sensitivity, is crucial for timely intervention and preventing serious health issues.

An IT professional has alleged on Reddit that he was removed from a project after taking just two days of personal leave in an entire year. The employee claimed the action followed ongoing pressure to work extended hours, disagreements with his manager, and a six-page email questioning his conduct, sparking a wider debate online about workplace culture, retaliation, and work-life boundaries in the IT sector.

Bengaluru's Kempegowda International Airport has opened Gate Z, a new social lounge at Terminal 2. This space caters to younger travellers seeking experiences. It moves away from traditional quiet lounges, offering shared areas for eating, working, and socialising. Gate Z prioritises ease, technology, and sustainability. The lounge features a caf-bar, casual seating, a diner, and an amphitheatre zone.

Archana Puran Singh and Parmeet Sethi's enduring romance began unexpectedly in 1988 with no long-term intentions. Their casual connection quickly deepened, overcoming perceived social and professional gaps. This bond, built on trust and companionship, led to their marriage in 1992, proving that love can blossom from the most unscripted beginnings.

The World Economic Forum (WEF) 2026 is being held in Davos, Switzerland, from January 19 to 23, under the theme A Spirit of Dialogue. With over 3,000 leaders from 130+ countries, including 65 heads of state, the forum addresses global fractures in geopolitics, AI disruption, and climate action. India is represented by four Union Ministers and six Chief Ministers, showcasing investment opportunities in AI, clean energy, and infrastructure. Major companies like Nvidia, Microsoft, and Google are sh

Gold rate prediction: U.S. gold futures for February delivery climbed 2 per cent to $4,863.10 per ounce.

Delhi's liquor stores are undergoing a transformation as the government rolls out a modernization project aimed at elevating both customer satisfaction and operational performance. Expect to see inviting storefronts in busy areas, boasting stylish layouts, bright lighting, and faster checkout options.

Pollution poses a greater economic threat to India than trade tariffs. Harvard Professor Gita Gopinath highlighted this at the World Economic Forum. Addressing pollution is a top mission for India. The nation is set to become the world's third-largest economy by 2028. However, raising per capita incomes remains a key challenge.

Mortgage rate forecast 2026: Will mortgage rates touch 5% as the US housing market finally wakes up again? US mortgage rates hit a three-year low this January 2026, dropping the 30-year fixed average to 6.06%. Data from Freddie Mac confirms a sharp decline from last year's 7.04% peak. President Trumps recent directive for Fannie Mae and Freddie Mac to buy $200 billion in MBS has successfully crushed bond yields. This aggressive intervention has revitalized refinance applications, which surged 40

Shah Rukh Khan candidly shared the profound grief his sister, Shehnaz Lalarukh Khan, experienced after their parents' deaths. Her prolonged struggle with trauma and withdrawal deeply impacted her, while Khan found solace and stability by channeling his pain into his acting career, developing a public persona to mask his own sadness.