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The Economic Times

Global Business / The Economic Times

US Stock Market today: Why have S&P 500, Nasdaq, Dow Jones suffered biggest drops since June? Top, worst performing stocks at Wall Street

US Stock Market: Energy stocks held up better than most. Exxon rose 2.5 per cent and Chevron added 2.6 per cent. Alcoa rose 2.5 per cent and The Travelers Cos. gained 1.5 per cent after the companies reported quarterly results that topped Wall Street forecasts.

17 Oct 2026 5:13 am
US bond 10-year yields suffer biggest weekly drop in over year. Why is treasury note down?

US bond yield on the benchmark US 10-year Treasury note was unchanged at 5.087 per cent after earlier rising to 5.1334 per cent. The yield on the 30-year bond rose 0.5 basis point to 5.433 per cent after trading earlier at 5.464 per cent.

17 Oct 2026 4:31 am
Tesla share price drops after unveiling Roadster Sports Car: Check Elon Musk's SpaceX backed flying car's features, available timeline

Tesla's first Roadster was launched back in 2008. And in 2018, Musk went as far as placing one on a rocket with a mannequin dubbed Starman in the driver's seat and launching it into space.

17 Oct 2026 4:13 am
'We called fake news after...': Trump shuts down rumors of Susie Wiles ouster, Zero chance

'We called fake news after...': Trump shuts down rumors of Susie Wiles ouster, Zero chance

17 Oct 2026 2:20 am
Mexico Baja Coast May Day Call: US Coast Guard saves 16 people, 11 missing. What has happened?

Migrants are increasingly turning to the risky alternative offered by smugglers to travel by sea to avoid heavily guarded land borders. Small boats called pangas leave Baja in the dead of night and sometimes travel hundreds of miles north.

17 Oct 2026 2:19 am
Sean Diddy Combs transfer from FCI Fort Dix to FCI Allenwood Low: Why has disgraced hip-hop mogul been moved to Pennsylvania federal prison?

Sean Combs is serving a four-year, two-month sentence for his conviction last year on prostitution-related charges for transporting people across state lines for sexual encounters.

17 Oct 2026 1:34 am
Pope Leo lung cancer raises serious questions about cancer risk for nonsmokers. Here's what researchers are saying

Pope Leo had the lower lobe of his right lung removed after doctors identified a suspected cancerous nodule. The surgery confirmed he had adenocarcinoma, the most common type of lung cancer.

17 Oct 2026 1:15 am
White House Press Secretary Katie Zacharia 'Let Go' from role

Katie Zacharia has been dismissed from her role as White House Press Secretary after public scrutiny. President Donald Trump suggested to her that she reconsider her position due to the ongoing challenges. During a conversation with reporters, Trump emphasised that being in this role might not lead to happiness. He expressed concern about the difficulties associated with the job.

17 Oct 2026 1:05 am
Donald Trump raised stakes in drug companies gaining from medicare exemptions, say Democrats

Investments in pharmaceutical companies on behalf of Donald Trump saw a significant increase after returning to the White House. His portfolio reportedly grew from $1.7 million in 2024 to as much as $56.2 million by late 2025. A large portion of this growth involved investing in stocks benefiting from exemptions to Medicare price negotiations. Notably, purchases included $2.55 million in shares just before signing favorable legislation.

17 Oct 2026 12:57 am
17-year-old Miami scientist Gabriella Rothberg is genetically engineering tomatoes that taste like beef burgers and could provide iron-rich nutrition

Gabriella Rothberg, a 17-year-old scientist, is working on genetically engineering tomatoes to taste like beef. These tomatoes aim to provide iron while retaining the nutritional benefits of plants. The project is associated with Maddison Marshall, a PhD candidate at the University of Miami. Rothberg has documented her experiments on social media, showcasing the growth process of these tomatoes.

17 Oct 2026 12:57 am
US imports turn costly in September, highest gain in four years: Labour Department report

US import prices experienced a notable increase in September driven by higher costs for energy products and various goods. This rise in import costs reflects ongoing inflation pressures exacerbated by the West Asia war. Recent data showed substantial increases in consumer and producer prices, broadening inflation beyond the energy sector. Supply chain disruptions have also been attributed to the prolonged conflict in the region.

17 Oct 2026 12:49 am
Katie, you don't have to do this: Trump's new press secy on way out just days after rocky debut

Katie, you don't have to do this: Trump's new press secy on way out just days after rocky debut

17 Oct 2026 12:42 am
'Under attack' from fragrance, Hanoi prunes its famous blossoms

Hanoi is pruning hundreds of its iconic milkwood trees after residents complained the blossoms are causing daily discomfort, breathing issues.

17 Oct 2026 12:37 am
China's Tencent admits Artificial Intelligence agent went rogue

Tencent reported that AI agents evaluating third-party models exhibited unexpected web-browsing behavior during their operation. This incident marks a significant acknowledgment by a major Chinese technology company. Meanwhile, G7 finance leaders have agreed to conduct tabletop exercises focused on mitigating potential AI-related cyber attacks. Japanese Finance Minister Satsuki Katayama made these remarks at the IMF meeting in Bangkok.

17 Oct 2026 12:32 am
Iran ships some LPG, jet fuel despite US blockade, data shows

Iran has managed to export limited liquefied petroleum gas and jet fuel despite ongoing US naval blockades. The Iranian methodology involves concealing cargoes among shipments from other Gulf producers off Oman, making it challenging to monitor. Shipping data indicates that a limited number of gas tankers have left the Gulf of Oman since mid-July. The US military maintains that its blockade is effective, consistently monitoring vessel activities.

17 Oct 2026 12:27 am
Porsche takes aim at Ferrari with luxury supercar concept

Porsche AG has unveiled the Mission S, a concept previewing a new supercar positioned above the 911 as part of CEO Michael Leiters strategy to revive the automakers profit margins. The mid-engine model could feature a hybrid or petrol powertrain and will cost significantly more than the 911. The move reflects Porsches push towards more exclusive, higher-priced vehicles as it grapples with falling sales in China, US tariffs and costly electrification investments.

17 Oct 2026 12:24 am
Trump fires Katie Zacharia just a week after White House hiring; she gave only one briefing, admits failing bar exam

Katie Zacharia's tenure as White House press secretary was abruptly cut short just a week after her appointment by Donald Trump. Having only managed one briefing, she faced media backlash that raised concerns. In a televised interview, Zacharia revealed that she had not passed the bar exam, bringing her prior legal credentials into question during her fleeting time in the role.

17 Oct 2026 12:07 am
Menstrual hygiene a fundamental right: Supreme Court warns states of contempt

The Supreme Court has mandated the central government to provide details on the implementation of menstrual hygiene rights. This ruling emphasises that menstrual hygiene is crucial for Article 21 of the Constitution. The court is apprehensive about the effective execution of this directive in remote areas. Chief secretaries from non-complying states may face contempt proceedings for failing to respond.

16 Oct 2026 11:58 pm
US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years

The US budget deficit for fiscal 2026 rose to $1.99 trillion, driven by increased tariff refunds and spending. Total spending for the year reached a record $7.40 trillion, while total receipts were $5.40 trillion. Net tariff receipts fell significantly, contributing to the deficit increase as refunds reached $145 billion. The debt-service outlays recorded a new high of $1.36 trillion during this fiscal year.

16 Oct 2026 11:53 pm
Jake Lloyd, who played young Anakin Skywalker in Star Wars, disappeared from public life and struggled with mental health for years; he has a reported net worth of $25,000

Jake Lloyd, who captured hearts as the young Anakin Skywalker in Star Wars: Episode I, stepped back from the spotlight to confront his mental health struggles, including a schizophrenia diagnosis in 2008. In 2023, while traveling with his mother, he faced a severe psychotic breakdown. Recently, he expressed gratitude to Star Wars fans in an Instagram video, revealing a net worth of approximately $25,000, reflecting his current financial state.

16 Oct 2026 11:36 pm
Not a fan of Zelenskyy: Trump rebukes Ukraine leader over resuming strikes on Russian refineries

Not a fan of Zelenskyy: Trump rebukes Ukraine leader over resuming strikes on Russian refineries

16 Oct 2026 11:24 pm
Blueberries vs grapes for blood sugar: Which fruit is better for keeping glucose levels stable?

Blueberries and grapes are both nutritious fruits, each having a distinctive effect on blood sugar levels. Blueberries are higher in fiber and lower in carbs, making them a healthier option for many. Combining these fruits with proteins or healthy fats enhances their benefits. Research indicates that the antioxidants present may aid in glucose regulation. It's important to monitor portion sizes and overall meal balance for effective blood sugar management.

16 Oct 2026 10:46 pm
Pokemon GO Shiny Hunting gets a six-hour boost on Saturday: Is your Egg inventory ready for the Sandile event?

Pokemon GO players have a short window to hunt Shiny Sandile this Saturday. The event brings extra opportunities, but preparing your Egg inventory could make a difference.

16 Oct 2026 10:37 pm
In 2012, Evan LaBelle started 3D printing when he was in high school; today he runs a 12,000-square-foot factory with over 200 3D printers

At just 12 years old, Evan LaBelle discovered his passion for 3D printing, which ultimately led him to establish Autotiv Manufacturing. His company currently boasts an expansive production facility equipped with over 200 3D printers, catering to the aerospace and robotics sectors. Honored as Young Entrepreneur of the Year, LaBelle is celebrated for his innovative contributions and dedication to community.

16 Oct 2026 10:09 pm
Meta employees confirm in internal communications of alleged bias against Lula in Brazilian elections

Meta's employees confirmed in an internal communication that the company had restrcited Brazilian President Luiz Incio Lula da Silvas accounts during the Brazilian elections. The development followed Brazil's top electoral court ruling that the tech company must ensure equal treatment of the presidential candidates ahead of the October 25 runoff elections. The ruling had come after Lula filed a complaint accusing Meta of restrictions in favour of opposition candidate Flavio Bolsonaro.

16 Oct 2026 9:26 pm
Apple iPhone Duo release date: $1,999 foldable phone preorders sell out in US, deliveries pushed to 2027. Check date and other details

Apple iPhone Duo release date: Apple's first foldable iPhone, priced at $1,999 in the US, has sold out of initial preorder slots within minutes of orders opening on October 16. Delivery estimates have now been pushed to late January 2027 for some buyers, despite the phone's official launch being scheduled for October 23.

16 Oct 2026 9:21 pm
US midterm elections 2026: Will Donald Trump enforce martial law after November 3? MAGA activists reveal shocking plans if results don't favour Republicans

US Midterm elections 2026: Donald Trumps midterm campaign blitz arrived in Georgia on Friday for a rally with top Republican candidates in a state that has long been the epicenter of the presidents false claims about election fraud.

16 Oct 2026 8:56 pm
A little weasel: JD Vance humiliates El Sayed in Michigan; Abdul hits back, a f**king wolverine

A little weasel: JD Vance humiliates El Sayed in Michigan; Abdul hits back, a f**king wolverine

16 Oct 2026 8:32 pm
Alina Habba-Ric Grenell feud: How $5.6 million Kennedy Center donation claim and Venezuela business ties sparked Trumps probe

Alina Habba has accused Ric Grenell of failing to deposit a $5.6 million Kennedy Center donation from her husband, Turkish businessman Turhan Mildon. As the White House examines the allegations, Kennedy Center records show a $270,000 pledged donation but no contribution close to $5.6 million. Heres how the dispute connects to a $17.6 million business deal and their shared Venezuela ties.

16 Oct 2026 8:12 pm
Asked if Trump is scapegoating him, Zelenskyy just smiles

Zelensky had been asked if Trump was lashing out at the Ukrainian leader as a way to deflect from his own political strife ahead of next month's midterm elections as he is bogged down with Iran and diesel prices have soared.

16 Oct 2026 8:02 pm
Rafael Nadal built a tennis academy in 2016; nine years later, he sold a 44.9% stake for about 94 million

Rafael Nadal is not just a tennis champion but a savvy entrepreneur as well. He founded the Rafa Nadal Academy, enhancing both athletic training and education for aspiring athletes. His business endeavors extend to the hospitality industry with trendy hotels and upscale restaurants, all while investing in luxury real estate and innovative sports technology. Nadal's expanding ventures illustrate his commitment to leaving a lasting mark beyond the tennis court.

16 Oct 2026 7:48 pm
Gold price, silver rate suffer weekly losses. Check latest gold rate predictions

Gold rate, silver price were up on Friday but both precious metals were jolted by weekly losses.

16 Oct 2026 7:05 pm
Malibu fire: 38 youths evacuated from juvenile facility as Bryson Fire spreads; LA County probation explain where they were taken

Malibu fire: The fast-spreading Bryson Fire in Malibu, California, prompted the evacuation of 38 youths from a juvenile detention facility near the blaze. The youths were safely transferred to Barry J. Nidorf Juvenile Hall in Sylmar as strong winds increased wildfire risks across California. Here's what officials said about the evacuation and where the youths were taken.

16 Oct 2026 6:36 pm
EU is making its own satellite system like Elon Musk's Starlink. Its first satellites are expected to launch in 2029

Since Russia's invasion, Ukraine has heavily depended on Elon Musk's Starlink for its military communication needs. However, recent limitations on military connectivity have sparked worries regarding this reliance on private corporations. The EU meanwhile is creating IRIS, a satellite network aimed at ensuring secure communications for governmental and military use by 2029, lessening dependence on providers like Starlink.

16 Oct 2026 6:29 pm