The Economic Times

US stock market today: Wall Street is seeing a split recovery on Friday after Thursday's AI-led sell-off. The Nasdaq has jumped 1.02%, while the Dow Jones has fallen 0.90% and the S&P 500 gained 0.29%. Nvidia, AMD, Intel, Broadcom and Micron were among the chipmakers recording gains in early trading. Nvidia's rebound has been particularly important because of its large weight in the broader market.

Tax brackets 2027: The IRS has raised all seven federal income tax bracket thresholds for 2027 and increased the standard deduction for single, married and head-of-household filers. The changes also include higher capital gains limits, a larger Child Tax Credit and additional tax breaks for eligible seniors.

Bill Clifton, a legendary figure in bluegrass music, passed away on October 30 at the remarkable age of 95. His contributions included nearly three decades of album releases and the inception of bluegrass festivals since 1961. Clifton played a pivotal role in bringing bluegrass to international audiences in England and the Philippines. His unwavering commitment to folk traditions will resonate with countless generations to come.

US employers added 165,000 jobs last month, surpassing economists' expectations and bringing the unemployment rate down to 4.1%. The Labor Department also revised previous months' job figures upwards, indicating stronger hiring trends.

Nagare Labs was founded by Georgia Institute of Technology professors and researchers Suman Datta and Shimeng Yu. They spent years working on next-generation memory technologies. Their work involves oxide semiconductors. The company is based on research conducted at Georgia Tech and is seeking to turn its laboratory developments into a commercially viable memory product.

Adam Spatacco's SpaceX stock prediction: SpaceX stock is trying to recover after Thursdays 9.05% crash, with SPCX rising 4.89% to $129.66 in Friday premarket trading. Investors are now watching Elon Musks appearance at Baron Capitals annual conference. Investor Adam Spatacco sees a potential rally catalyst, but the question is whether Musk can offer updates that support Starlink and the companys AI growth story. Musk's appearance at the 2022 conference did not produce a positive reaction in Tesl

Japan International Cooperation Agency (JICA) has responded positively to providing a loan of around Rs 20,000 crore for the first phase of Maharashtra's Marathwada Water Grid project. The initiative will connect water-surplus dams to water-scarce areas through 3,095 km of pipelines, benefiting around one crore people across four districts.

COVID-19 vaccines generated economic benefits worth USD 60 to USD 809 for every dollar invested in their development and distribution, a global study of 173 countries has found. However, high-income countries gained more due to earlier access and faster rollouts, while delayed vaccine availability limited benefits in poorer nations.

Gold rate on Friday took a hit after pivotal factors like oil prices and inflation have impact on the bullion.

In its report released from Paris, the global money-laundering watchdog said large, fortified compounds where cyber slaves were forced to commit financial cybercrimes are being moved to apartments, houses, hotels and office floors, sometimes rebranding as legitimate outsourcing or marketing firms.

Nvidia stock rebounds 5% after 9.26% crash: Nvidia suffered its worst single-day fall since the January 2025 DeepSeek shock, with shares plunging 9.26% to $181.60 on Thursday and turning negative for 2026. The crash came as Wall Street lost nearly $3 trillion in market value. Fridays futures pointed to a partial recovery, with Nvidia rebounding in premarket trading as chip stocks attempted to recover.

The property was built in 1953 and has been owned by the same owner since the 1960s. The owner expanded the original ranch over several decades, creating a much larger house with multiple living and dining areas. The listing described the property as having an expansive collection of flexible living spaces.

States' capital expenditure is projected to rise 10-12% to around Rs 8.5 lakh crore in FY27, driven by higher central assistance and greater fiscal flexibility, according to a Crisil Ratings report. Increased allocation under the SASCI scheme is expected to support infrastructure spending, particularly urban development, roads and bridges.

Copper prices have faced yet another decline, marking four consecutive sessions of decrease, primarily due to a dip in technology shares and rising concerns over artificial intelligence investments. The three-month copper rate on the London Metal Exchange fell to a low not seen since late July. While tight supply, particularly outside the US, has cushioned further losses, a significant drop in copper stocks within Chinese warehouses is intensifying supply anxieties.

The Monarch Countess, a roll-on/roll-off vessel, now rests serenely on the Gulf of Mexico's seabed. This ship, having been adapted for military tests and enticing tourists, has become a focal point for ecological studies. Research indicates that artificial reefs like the Countess support marine biodiversity. Continued observation will reveal its long-term influence on local fish populations, potentially transforming the area into a prime fishing and diving destination.

In a heartfelt tribute to her late husband, Benn Mitchell, Esther Mitchell has donated a vast collection of his photography to the Center for Creative Photography. The collection features an array of photographs, prints, publications, and various photographic tools, illustrating significant moments from Hollywood, New York City, and daily life across America.

Scientists observed a decline in juvenile turtles in Yosemite due to invasive bullfrogs preying on them. After nearly eradicating the bullfrog population, baby turtles began reappearing in the affected ponds. The study involved monitoring turtle populations over seven years to measure recovery and changes. Northwestern pond turtles are critical to California's freshwater ecosystems, and conserving them is crucial. The findings highlight how controlling invasive species can benefit native wildlif

At the forefront of agri-tech innovation, the Resnick Center at the University of California, Davis, drives agricultural advancement with a strong focus on sustainability and research. Fueled by generous donations, it strives to elevate farming practices and enhance crop resilience. Current projects aim at transforming agricultural waste into valuable resources, thereby reducing ecological footprints.

Pakistan's external debt is projected to rise to USD 135.1 billion by 2025, according to a World Bank report. Public and publicly guaranteed debt accounts for a significant portion, totaling USD 107.076 billion. China remains the largest creditor of Pakistan, holding USD 22.4 billion. The International Monetary Fund is expected to provide additional financial support for economic stability.

On Friday, Iran's Revolutionary Guards reported a fire involving two oil tankers in the Strait of Hormuz. This incident came soon after claims that five other tankers faced similar mishaps just a day prior. The Iranian military indicated these vessels struck mines while navigating unauthorized routes, though maritime officials have yet to confirm these events. In reaction, the U.S. has enacted a blockade on Iranian ports.

National Conference president Farooq Abdullah emphasised party unity following a meeting with disgruntled MLAs. The meeting aimed to address concerns regarding the recent cabinet expansion and party organization. Abdullah stated that the concerns of the legislators were genuine and would be taken into consideration. Assurance was given to address some issues immediately while others would be resolved gradually.

The Chief Minister of Andhra Pradesh announced that seven missing Tamil Nadu fishermen have died after a boat accident. This incident occurred due to severe weather conditions associated with Cyclone Murasu. Search operations have been ongoing to find two other fishermen who are still missing. Officials are coordinating with Tamil Nadu authorities to handle the identification and repatriation of the deceased.

India's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food inflation to reach 8.20%, reflecting ongoing market pressures. Rising global food prices and higher input costs contribute to the inflationary environment. The Reserve Bank of India anticipates inflation to average 5.2% for the current financial year. A rate hike is likely to occur in the central bank's upcoming policy meeting.

Varanasis ropeway is nearly 95% complete, and trial runs have started. It will take passengers from Cantt railway station to Godowlia, near Kashi Vishwanath Temple, in 16 minutes for Rs 50, against more than 45 minutes by road. It is expected to open around Dev Deepawali on November 24.

Jailed Malaysian former prime minister Najib Razak paid a $12 million fine Friday, allowing him to serve the rest of his sentence under house arrest, his party said. Malaysian King Sultan Ibrahim had granted Najib the conditional pardon in September, allowing him to serve out the rest of his prison sentence under house arrest provided he pay the fine.

President Donald Trump is set to participate in a Diwali celebration at the White House this Friday. The event will take place in the Oval Office, continuing a tradition that began with President George W. Bush. President Barack Obama was the first to light a lamp during a White House ceremony in 2009. Last year, India's Ambassador Vinay Kwatra joined Trump to celebrate Diwali by lighting a lamp.

Top Republican lawmakers have requested Nvidia CEO Jensen Huang to provide a briefing on his connections to Alice Huang. This request follows allegations related to national security concerns involving advanced AI chips. Lawmakers emphasized the need to address the extent of risk posed to U.S. national security. Huang's discussions with numerous executives include ordinary business information, according to Nvidia's claims.

Gold prices have seen a surge in early Asian markets, climbing by 0.4% as investors brace for the crucial US non-farm payrolls report. With a projected weekly increase of 5.9%, market sentiment remains optimistic. Two Federal Reserve officials have floated the idea of gradual interest rate hikes to tackle inflation.

Middle Eastern crude exports have increased in September and October, leading to declining spot premiums. Dubai's cash premium to swaps fell to 65 cents a barrel before recovering slightly. Murban crude exports reached a record of 2.4 million barrels per day in September. Asian refiners have shown reduced purchasing interest due to cooling refining margins. Competition with West African crude is intensifying as sellers offer steeper discounts to attract buyers.

Iran has sent a nuclear proposal to the United States via Qatar in response to seven demands. Mediators are actively working to prevent further conflict between Iran and the US after the midterm elections. The US is reportedly reviewing the proposal while Iran has set specific conditions for negotiations. These conditions include lifting sanctions and releasing frozen assets.

Following the Republican Party's recent electoral losses, President Trump's domestic influence appears to have diminished significantly. Despite these setbacks, Trump retains considerable freedom to implement his foreign policy agenda. Democrats are poised to seek increased oversight of Trump's actions, especially concerning Iran and Israel. Challenges may arise as Trump continues to navigate these international affairs amid growing scrutiny.

Paraguay's Ueno Bank has collapsed, leaving customers locked out of their accounts and prompting nationwide protests. President Santiago Pea faces impeachment while being linked to the bank's swift downfall amid allegations of misconduct. The Central Bank had found serious issues with Uenos lending practices prior to its seizure, which caused it to be declared insolvent. Regulators found that the bank issued loans beyond legal limits without proper categorization.

US President Donald Trump linked the recent decline in the stock market to Democratic victories in the midterm elections. He mentioned that retirement savings have been impacted due to the market loss. While the stock market experienced a steep sell-off, the Nasdaq Composite fell significantly. Concerns about restrictions related to technology companies contributed to the downturn in market performance.

Secretary of State Marco Rubio is deliberating on his future within the Trump administration following the Republican midterm losses. He has discussed potential resignation options with White House officials, yet his decision remains undisclosed. The political landscape has shifted significantly, prompting considerations for his next career moves. Rubio's association with Trump's policies is currently under scrutiny from newly empowered Democrats in Congress.