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The Economic Times

Global Business / The Economic Times

He promised his 3-year-old son a castle in 1978. Decades later, he built Highlands Castle on a New York mountaintop

A promise made to his three-year-old son in 1978 led John Lavender II to buy a mountaintop in New York and spend decades building Highlands Castle. With help from family, friends and workers, he turned the property into a castle overlooking Lake George, which now welcomes guests.

5 Nov 2026 2:36 am
Citibank Tampa shooting: 2 dead, floor-by-floor search ordered, say police, chilling video of shooter goes viral. Watch here

Citigroup said in a statement that it was aware of an incident at the complex and was cooperating with authorities.

5 Nov 2026 2:08 am
Trump hits a midterm wall: Past precedents & impact on India

The Democrats are expected to take control of both chambers of the US Congress after recent elections. This shift may disrupt Donald Trump's presidential agenda for the remaining two years. Additionally, the issuance of H-1B visas for Indians significantly decreased due to a recently imposed fee levy. Indian exports to the US saw fluctuations, closing at slightly positive growth figures.

5 Nov 2026 2:04 am
Iran war backfires on Donald Trump? US president acknowledges conflict hurt Republicans as Democrats win midterm elections

Donald Trump Iran war: The US president has acknowledged that the Iran war and rising gasoline prices contributed to Republican losses in the US midterm elections. With Democrats taking control of both chambers of Congress, the president faces tougher political challenges, while Democratic leaders prepare to push healthcare priorities and increase scrutiny of his administration.

5 Nov 2026 1:51 am
If I had to do it again, I will: Trump refuses to back down on Iran war after Vances claim

If I had to do it again, I will: Trump refuses to back down on Iran war after Vances claim

5 Nov 2026 1:27 am
US midterm elections: Crude cools, but Iran war risks keeps markets guessing

Oil prices are expected to stay elevated amid President Trump's weakened political position after the midterms. Uncertainties regarding the Iran conflict could impact military strategies, potentially leading to higher oil costs. A resolution that restores oil transport through the Strait of Hormuz is crucial for reducing oil prices. Trumps decisions may influence the ongoing military conflict or create a deal with Iran.

5 Nov 2026 1:26 am
A New York family owned half of a private road, but a fish and game club maintained it for decades; what did the court decide?

Five judges supported the association and two did not. The association had originally owned only the western half of the private road. The eastern half belonged to the Dix family and its predecessors. The court concluded that the association had established ownership through adverse possession because it had maintained and controlled the entire road for decades.

5 Nov 2026 1:18 am
Crdit Mutuel Arka cyberattack: How did a French bank become linked to a $133 million crypto investigation?

French bank Crdit Mutuel Arka has confirmed a cyberattack involving fraudulent transactions after blockchain investigator ZachXBT traced more than $133 million in suspected crypto withdrawals. Investigators are examining the movement of funds across exchanges, while the bank has yet to disclose its losses or confirm how the attack occurred.

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
A fund copying Congresss stock trades beat the S&P 500, thanks mostly to one stock

The Unusual Whales Subversive Democratic Trading ETF, named NANC, has shown remarkable performance, exceeding that of the S&P 500 since February 2023. This fund strategically utilizes the stock trades of Democratic lawmakers to shape its investment strategy. With significant holdings in leading technology firms, especially in AI innovations, its recent achievements can be attributed to a thriving AI market.

5 Nov 2026 12:41 am
US midterm elections results: Donald Trump to sack Defense Secretary Pete Hegseth, top military officials? Report claims shocking developments post Senate, House of Representative fiasco

US Midterm election results 2026: Donald Trump's popularity has declined since he launched the war, which has disrupted oil shipments and pushed fuel prices near record highs, hitting U.S. household finances.

5 Nov 2026 12:36 am
Lamar Jackson lost his father and grandmother on the same day at the age of 8; years later, his first big purchase was a home for his mother

Lamar Jackson is an American professional football quarterback who plays for Baltimore Ravens in the National Football League (NFL). He grew up in a family where his mother, Felicia Jones, played a big role. The Baltimore Ravens selected him with the 32nd overall pick in the first round of the 2018 NFL Draft. He then went on to become the NFL's biggest stars.

5 Nov 2026 12:21 am
Virgo Moon November 5 Horoscope: 3 zodiac signs could spot a money opportunity they almost missed

The Virgo Moon is asking you to look clearly. You need to consider the facts instead of being emotional. Be focused on what you reality got in reality instead of imagining it.

5 Nov 2026 12:15 am
Missed the first Taurid meteor shower peak? Another chance to see dazzling fireballs is coming next week

The Taurids meteor shower is anticipated to peak in November 2026. The Southern Taurids will peak overnight on November 45. Following this, the Northern Taurids are expected to peak on November 1112. Observers may witness bright fireballs that outshine Venus, making the experience memorable. Ideal viewing conditions will be enhanced by the low illumination from the Moon.

5 Nov 2026 12:15 am
Trump admits Iran war hurt Republicans in midterms but says Iran thing had to be done

Donald Trump recognized that the Iran war played a significant role in the Republican losses during the midterm elections. He stated that the decision to pursue the war was essential and justified, despite its consequences. Trump's remarks came a day after his party lost control of Congress, highlighting the political fallout of the conflict. He expressed a commitment to continuing the actions related to Iran.

4 Nov 2026 11:59 pm
And quiet flows the Don: Trump goes from rage to rapproachement

Donald Trump expressed denial over the Republican losses in the recent elections while later showing willingness to work with Democrats. He blamed Republican candidates for their defeats and defended his own stance amidst criticism. Some conservatives publicly pointed fingers at Trump, claiming the results represented a total rejection of his leadership. Democrats, relieved by their successes, may find opportunities to collaborate with the President.

4 Nov 2026 11:59 pm
Donald Trump's midterm drubbing demonstrates the power of data center opponents

Democrat victories in recent midterm elections signal a shift in public sentiment regarding data centers and AI technology. Key races in Texas and Georgia brought significant wins for candidates opposing data center development. Analysts estimate that nearly half of planned US data center capacity could face new regulations and moratoriums. Concerns have emerged over potential slowdown effects on the AI and technology sectors as stocks decline.

4 Nov 2026 11:42 pm
Apple becomes worlds most valuable company with $5.1 trillion market cap as AAPL stock today hits record high after Democrats win midterm elections

Apple stock price surged more than 6% to a record high on Wednesday, lifting its market capitalization to $5.1 trillion and making it the worlds most valuable company. The rally followed Democrats midterm election victories and came after Apple reported stronger-than-expected quarterly revenue and earnings.

4 Nov 2026 11:39 pm
Democrats set to take control of Congress: Which Trump records could they seek first, and which other Republicans could face scrutiny?

The midterm results put Democrats in line to control both chambers of Congress. Some of their first oversight fights could begin with questions lawmakers have already asked. Four potential inquiries show where the pressure could build and how far Congress can go.

4 Nov 2026 11:33 pm
He lost the governors primary, then got picked as a last-minute replacement with 566 of 571 votes; 100 days later Troy Jackson unseated Susan Collins

Troy Jackson's political journey took an unexpected turn when he received the Democratic Senate nomination. After Graham Platner withdrew due to a serious allegation, Jackson became the leading candidate. He won the nomination with overwhelming support at the special convention. Subsequently, Jackson campaigned and defeated longtime Republican Senator Susan Collins in the general election.

4 Nov 2026 11:28 pm
US midterm elections 2026: Trump is ducking blame for Republican losses. It's a familiar pattern for him

Republicans suffered significant losses in the midterm elections, resulting in Democrats gaining control of Congress. Donald Trump downplayed his responsibility for these defeats, stating he was not on the ballot. While voters expressed dissatisfaction with Republican candidates, Trump insisted his presence would have led to a victory. The former president has a history of avoiding accountability for various outcomes during his political career.

4 Nov 2026 11:28 pm
US oil prices crash below $90 as JD Vance blames Iran War for GOP election loss: WTI falls to $88.92, Brent drops to $94.82, but will gas prices follow?

Why did oil price crash below $90 today? US oil prices fell sharply after midterm election results indicated Democratic control of Congress. Vice President JD Vance connected the Iran war to the Republicans' defeat, impacting market sentiments. Traders expressed reduced concerns over future military action against Iran, causing a decline in oil prices. While falling US crude inventories typically support prices, the political landscape took precedence for traders.

4 Nov 2026 11:19 pm
Canada says US midterms won't change trade stance, sees talks with American officials

A senior Canadian cabinet minister stated that the US midterm election results will not affect trade negotiations. Dominic LeBlanc mentioned he would soon communicate with US officials regarding trade matters. President Trump suggested that a trade deal with Canada is close, but significant work remains. Canadian Prime Minister Mark Carney confirmed that certain US demands have been scaled back.

4 Nov 2026 11:16 pm
European far right distances itself from Trump, blaming Iran war for Republicans' defeat

Europe's far-right leaders have begun distancing themselves from Donald Trump after Republicans' losses in the US midterm elections, citing the Iran war, rising energy prices and cost-of-living pressures. While some avoided directly criticising Trump, analysts said his declining popularity could turn ties with his MAGA movement from an electoral advantage into a liability.

4 Nov 2026 10:59 pm
Congressman Subramanyam vows to end 'forever wars', fight tariffs, hold Trump admin accountable

Indian-American Congressman Suhas Subramanyam recently won re-election in Virginia's 10th Congressional District. He pledged to address concerns about rising costs, healthcare cuts, and federal workforce reductions. Subramanyam committed to ending forever wars and fighting unnecessary tariffs to lower costs.

4 Nov 2026 10:56 pm
Who is Mary Peltola? Democrat leader who lost her husband in a plane crash and her mother in the same year; now faces a tough US Senate battle

Mary Peltola is a Democratic politician from Alaska. She made history in 2022 by becoming the first Alaska native and first woman elected to represent the state in the US House. She served in Congress from 2022 to 2025. She lost her re-election bid in 2024 to Republican Nick Begich. In January 2026, she announced her decision to challenge Republican Senator Dan Sullivan.

4 Nov 2026 10:56 pm
Speaker Johnson won't seek reelection as House Republican leader after party's midterm wipeout

US House Speaker Mike Johnson is stepping aside from Republican Party leadership after the party's defeat in the midterm elections, declining to seek support for the minority leader's post in the new Congress. His decision sets up a contest between Steve Scalise and Jim Jordan, while Democrats prepare to nominate Hakeem Jeffries as speaker.

4 Nov 2026 10:36 pm
Why did Republicans lose the midterms? JD Vance points to certain key reasons but not everyone is buying it, here's how people are reacting to his post

JD Vance, the Vice President, articulated that the tensions involving Iran were a major factor in the financial setbacks for Republicans. He observed that a segment of former Trump loyalists has shifted their allegiance to Democrats during the midterms, driven largely by economic anxieties, especially regarding the escalating cost of living.

4 Nov 2026 10:26 pm
JD Vance points to certain key reasons as to why Republicans lost the midterms but not everyone is buying it, here's how people are reacting to his post

JD Vance, the Vice President, articulated that the tensions involving Iran were a major factor in the financial setbacks for Republicans. He observed that a segment of former Trump loyalists has shifted their allegiance to Democrats during the midterms, driven largely by economic anxieties, especially regarding the escalating cost of living.

4 Nov 2026 10:26 pm
Tesla stock price today: Why TSLA falls as Democrats midterm election win puts Elon Musks AI data center plans at risk

Tesla stock (TSLA) fell as Democrats midterm victories raised concerns about AI data center expansion, particularly in Texas. Analyst Dan Ives warned that political hurdles could slow planned projects, while Elon Musk floated the idea of space-based data centers as investors weighed the outlook for his AI ambitions.

4 Nov 2026 10:20 pm
UK government announces public interest investigation into Sky deal to takeover ITV's media arm

U.K. Culture Secretary Lisa Nandy plans to intervene in the 1.6 billion-pound deal between Sky and ITV. She aims to introduce new public interest considerations that reflect modern viewing habits. The Competition and Markets Authority will review the takeover for competition concerns. Nandy expects a report addressing media public interest by January 27, which may lead to further investigation. The deal aims to strengthen competition against global streaming companies.

4 Nov 2026 10:17 pm
US Midterm Elections: Reasons why Republicans lost Ground far beyond swing states. Warning signs were at the gas pump and grocery store

Democrats won control of Congress in the 2026 midterms, putting Donald Trump on the defensive. Voters frustration over prices and the Iran war made it harder for Republicans to defend the administrations record.

4 Nov 2026 10:17 pm