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The Economic Times

Economy / The Economic Times

The midterm verdict on Trump's economy

Washington: President Donald Trump was publicly humbled by inflation in Tuesday's midterm elections, as rising prices provoked a blistering set of losses for Republicans in House, Senate and gubernatorial races.Most voters said that Trump's own policies had smothered growth and drove costs even higher, according to The AP Voter Poll, a survey of roughly 100,000 midterm voters.Also Read: Democrats vow bill to end Iran war after midterm sweepThe president's message that the fault lay with his pred

5 Nov 2026 11:24 am
Indian Railways runs 18,000 special trains for festive rush, says Ashwini Vaishnaw

Indian Railways runs 18,000 special trains for festive rush, says Ashwini Vaishnaw

5 Nov 2026 11:13 am
Cardi B reveals sons name on his first birthday: What to know about Grey Marsean Diggs

Cardi B celebrated the first birthday of her youngest child, Grey Marsean Diggs, with heartfelt social media posts. The rapper shared his full name and the first public photos of his face. In her emotional message, she reflected on how her son gave her strength during challenging times. Grey's birthday party featured a Grey's Anatomy theme, showcasing pictures from the event.

5 Nov 2026 10:49 am
US midterm outcome offers limited relief to India; oil, Russia sanctions remain key risks: Report

The outcome of the US midterm elections is expected to offer only marginal relief to India. Crude oil prices and potential tariffs on Russian oil purchases will continue to present economic challenges. While a Democratic majority may enhance diplomatic engagement, immediate trade relief seems unlikely. The rupee and foreign portfolio investor inflows could see some positive impact.

5 Nov 2026 10:35 am
Pope Leo XIV meets Bob Dylan at the Vatican, exchanges gifts. What did they give each other?

Pope Leo XIV met music legend Bob Dylan at the Vatican, where they exchanged gifts during a brief meeting. The Pope presented the 85-year-old singer with a rosary, while Dylan gifted him his autobiography, Chronicles: Volume One. According to Vatican News, their interaction included greetings and lighthearted exchanges.

5 Nov 2026 9:49 am
'Breaking Bad' actor Dean Norris and wife Bridget Norris file for divorce as big financial trouble and insolvency issues loom large; all you need to know

Actor Dean Norris and his spouse Bridget have initiated divorce proceedings in Riverside County, California, citing irreconcilable differences. The couple, who share five children, are also entangled in financial difficulties stemming from their restaurant, Swing Inn Cafe, which has filed for bankruptcy. Bridget seeks custody of their children along with spousal support.

5 Nov 2026 9:43 am
EAM Jaishankar meets Guyana President, announces $500 million Line of Credit extension

S Jaishankar recently met with Guyana President Irfaan Ali to review their bilateral cooperation agreements. They discussed the implementation of a UPI-like system and the extension of a USD 500 million Line of Credit. Additionally, agreements were signed for manufacturing projects and Quick Impact Projects in Guyana. Jaishankar also engaged with leaders from Australia and the United Kingdom to strengthen economic partnerships.

5 Nov 2026 9:39 am
Cindy Crawford and Rande Gerber step out after son Presleys death: What happened to the 27-year-old model?

Cindy Crawford and her husband Rande Gerber were recently seen in Malibu following their son Presley Gerber's death. Presley passed away at the age of 27, and the couple has been mourning their loss. They were spotted running errands while maintaining a low profile during this difficult time. Crawford shared a emotional tribute about their son on Instagram.

5 Nov 2026 9:33 am
Centre, states to discuss mining and coal sector reforms at conference in Goa: Minister

The National Conference on Mining is set to take place in South Goa over two days. The event will involve the Centre and states discussing reforms and challenges in the mining sector. Key agenda items include launching new critical mineral auction tranches and enhancing transparency. Extensive discussions are planned with states to unlock the sector's potential and advance reforms.

5 Nov 2026 9:33 am
Whitney Leavitt teases Hulu reality show in cryptic social media post; 'The Secret Lives of Mormon Wives star to produce own show

Whitney Leavitt prepares for an exciting new chapter as she takes the lead in an upcoming reality series crafted by Hulu. Following her exit from 'The Secret Lives of Mormon Wives', she continues to explore diverse avenues in entertainment. Not only will Leavitt be starring, but she will also co-produce the untitled show with her husband, Conner Leavitt.

5 Nov 2026 9:30 am
Nandini ghee, paneer prices in B'luru; check

Bengaluru: The Bengaluru Milk Union (BAMUL) has revised the retail prices of Nandini ghee, butter, paneer and Trupti milk, with the new rates coming into effect from November 4.The revision comes barely a week after the Karnataka Milk Federation (KMF) increased the price of its popular Nandini milk by Rs eight per litre and curd by Rs 14 per litre.According to a circular issued by BAMUL on November 4, the Maximum Retail Price (MRP) of Nandini ghee in a 200-ml sachet has been fixed at Rs 95, whil

5 Nov 2026 9:24 am
Jen Affleck, pregnant with Zacs fourth child, files for divorce after 7 years of marriage

Jen Affleck has filed for divorce from her husband, Zac Affleck, after being married for seven years. The couple is currently expecting their fourth child together while raising three children, ages five, three, and one. They first met on a dating app in 2018 and married a year later. Jen announced her fourth pregnancy on social media, sharing her excitement.

5 Nov 2026 8:56 am
Trump's midterm loss dims N Korea hopes

Seoul: A meeting between Donald Trump and North Korean leader Kim Jong Un appears increasingly unlikely when the US president travels to Asia in November, analysts say, after he suffered a crushing midterm election defeat.Trump had said he may meet Kim this month and that it would be exciting, but appeared to backtrack in October, saying, I don't know... I'm not sure that anybody's asking for a meeting, while adding that his elationship with Kim Jong Un is very good.Trump's focus on Kim and his

5 Nov 2026 8:36 am
Shah Rukh Khan once saved his Dil Se co-actress from a near-fatal fall during shoot: He grabbed the front of my jacket...

Mita Vashisht recalled how Shah Rukh Khan saved her from a potentially fatal fall while shooting Dil Se in Dalhousie. The actress revealed that she nearly fell off a steep ridge because of slippery footwear, but Shah Rukh grabbed her jacket and pulled her back. She also remembered his warmth and protective nature.

5 Nov 2026 8:18 am
Not raj kachori but raj katori: Mumbai nutritionist shares high-protein recipe for Diwali

During Diwali, raj kachori takes centre stage as a beloved snack for chaat enthusiasts. Mumbai nutritionist Vanshika Khurana and Bengaluru food influencer Shreya Agarwala have ingeniously reinvented this traditional dish into a healthier alternative. By utilising roasted papad shaped into delightful bowls filled with nutritious ingredients like sweet potato and sprouts, topped with chutneys, Skyr, and pomegranate, they keep the festive spirit alive in a wholesome way.

5 Nov 2026 8:11 am
Israel's president Herzog takes first steps on building new government after accepting election results

Israeli President Isaac Herzog has accepted the election results and started consultations with party leaders. Netanyahu's bloc lost its majority in the Knesset, while Arab-led parties made significant gains. The elections commission reported no evidence of fraud, despite Netanyahu's allegations. Herzog emphasized the importance of public trust in the electoral process during his consultations. If coalition talks fail, Israel may face another election in the near future.

5 Nov 2026 8:04 am
Disney's Pixar names Jonathan Garson president as Jim Morris steps back

Jonathan Garson will assume the role of president at Pixar Animation Studios on January 4. He will replace Jim Morris, who has served as president for 12 years. Morris will remain involved with upcoming projects in a different capacity after stepping back. Garson has been with Pixar since 2010 and has extensive experience with Disney. Pixar's upcoming films include 'Gatto' and 'Incredibles 3', scheduled for release in 2027 and 2028.

5 Nov 2026 7:56 am
Pentagon chief tech officer says US will detail laws that apply to AI labs this month

The US federal government is preparing to reveal the regulations applicable to domestic AI labs. Pentagon Chief Technology Officer Emil Michael announced that details will be shared in a couple of weeks. The Super Intelligence Task Force was established to regulate AI policy following concerns about industry practices. Michael emphasized the importance of creating a regulatory framework that builds public confidence.

5 Nov 2026 7:52 am
What the midterms mean for US-China ties

Beijing: A sweeping victory for Democrats in US midterm elections this week, giving them control of Congress, presents both an opportunity and challenge for top rival China, analysts say.Here is how the outcome of the vote, which offers the Democratic Party the power to stymie President Donald Trump's maverick foreign policy, could impact the thorny relationship between Washington and Beijing:Will tariffs be limited? Winning control of both houses in the US Congress puts Democrats in a position

5 Nov 2026 7:35 am
EAM Jaishankar discusses economic partnership, CETA with UKs Burnham on CHOGM sidelines

S Jaishankar met UK Prime Minister Andy Burnham in Antigua and Barbuda for CHOGM 2026 discussions. They focused on strengthening economic partnerships under the Comprehensive Economic and Trade Agreement. Jaishankar emphasized the importance of digital solutions and climate initiatives during a Commonwealth meeting. He highlighted local distribution networks and the role of the Indian business community in fostering connections.

5 Nov 2026 7:22 am
US sanctions India-based couple, companies over alleged support for Iran's Shadow oil fleet

The United States imposed sanctions on Suniel Kumar Sharma and Jaspreet Preeti Shahid for aiding Iran's shadow fleet. Their network allegedly provided fraudulent maritime registrations to help sanctioned vessels transport Iranian petroleum. Several companies linked to the couple also received sanctions under Executive Order 13902. Additionally, a Turkiye-based company was sanctioned for providing services to US-designated Iranian airlines.

5 Nov 2026 7:11 am
Brent crude oil price falls below $100 a barrel on hopes of Iran peace deal following Democrats' midterm victory

Crude oil prices declined sharply on Wednesday, with Brent prices falling below the $100 mark on hopes of a peace deal in the Iran war following the Democrats' victory in the US midterm elections.Brent crude prices were trading over 8% lower at $94.91 a barrel while WTI oil was at $88.42 a barrel.For live updates on US Markets, click hereDemocratic victories have prompted investors to reassess the US administration's approach to the Iran conflict. Markets are speculating that President Donald Tr

5 Nov 2026 1:23 am
Govt plans instant ban on manufacturing of drugs failing key quality tests

Pharma companies could have their drug licenses suspended immediately if quality tests indicate failure. The health ministry's proposed changes aim to protect public health by enforcing swift action on substandard medications. Regulators would take action upon receiving a government analyst's report declaring a drug not of standard quality. Manufacturers would need to perform a root cause analysis and implement corrective actions to lift the suspension.

5 Nov 2026 1:16 am
Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to achieve record annual sales if the current trend continues. Ola Kallenius, the global chairman, highlighted the potential for Indian suppliers to support global operations. The company has committed an additional investment of 200 crore, raising total investments to 3,200 crore.

5 Nov 2026 1:01 am
Democrats win both chambers of US Congress in midterm landslide, rebuke Trump over economy and Iran war

Democrats achieved significant victories in the midterm elections, resulting in control of both Congressional chambers. Many seats were flipped across previously Republican strongholds with stark voter dissatisfaction influencing results. Notably, Trump-backed candidates faced substantial defeats in multiple states like South Carolina and North Carolina. The outcomes revealed limitations in Trump's political influence and a shift toward Democratic representation.

5 Nov 2026 12:58 am
Big factories dominate India's manufacturing output, Annual Survey of Industries shows

India's manufacturing sector is characterized by a significant concentration in large factories generating substantial output. Factories producing over 500 crore contribute to more than three-fifths of total value added. Smaller factories represent a large number but have minimal output and value contribution. The overall manufacturing corporate sector experienced a notable growth in gross value added year-on-year. However, per-worker value creation did not witness similar growth despite increas

5 Nov 2026 12:47 am