The Economic Times

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.

Stock markets down today: Wall Street's post-election rally quickly turned into a major sell-off as the Dow plunged 1,753 points and the Nasdaq entered correction territory. Fears that Democratic victories could slow AI data-center expansion triggered heavy losses in Nvidia, AMD, Micron and other technology stocks, wiping out Wednesday's gains.

JPMorgan Chases banking relationship with the late sex offender Jeffrey Epstein will be probed by the Democrats after they take control of Congress early next year, a report said. The Democrats on the Senate Finance Committee want to know how top executives at JPMorgan dealt with Epstein. Senator Ron Wyden will chair the panel in January next year.

As of late June, an impressive 769,000 people had exceeded $1 million in their workplace retirement accounts. Fidelity revealed that the average 401(k) balance was pegged at $155,800, while the median was notably lower at $35,800. In the second quarter, thanks to a 14.9% increase in the S&P 500, many account holders saw significant recovery.

JPMorgan stock (JPM) today: JPMorgan stock fell 4% on Thursday after a report said Senate Democrats are planning to investigate the banks past relationship with Jeffrey Epstein. The proposed probe could examine decisions made by senior executives, including wealth management chief Mary Erdoes, as other major bank stocks also declined.

The 78-0 vote marked a stunning repudiation of Pena by lawmakers from his long-ruling Colorado Party, who joined the opposition in backing his impeachment after three days of demonstrations rocked the capital, Asuncion.

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The iShares Core S&P 500 ETF (IVV) generated the most shareholder value over the last 10 years. According to a Morningstar report, it created $263.1 billion in wealth for investors. Meanwhile, the Invesco QQQ Trust (QQQ) followed with $195.2 billion created for investors. Conversely, the ProShares UltraPro Short QQQ (SQQQ) lost $10 billion during the same decade. Smaller funds often struggled with losses due to market conditions and high-risk categories.

SanDisk stock: SanDisk shares plunged more than 19% on Thursday, extending a six-session slide despite strong quarterly earnings and an upbeat forecast. Growing attention on Chinas CXMT, pressure across memory stocks and concerns about data-centre expansion have added to the sell-off.

The Nov. 915 horoscope singles out Cancer, Virgo and Libra for potential gains in money and work.Cancer could find a partner for a stalled project, while Virgo may feel ready to ask for better pay.

The Bombay High Court affirmed that the Representation of the People Act remains effective during the electoral rolls revision process. It directed the Electoral Registration Officer of Santa Cruz to include the family names in the voter list. The family had applied for a change of address, but their request was initially denied. Following multiple rejections from electoral officials, the court intervened to ensure their voting rights.

US Secretary of State Marco Rubio may be preparing to resign from Trump administration to run for president in 2028, a report said. Around five members from Donald Trumps cabinet could leave the administration. The officials may quit after the public backlash over the rise in energy costs. The White House and the State Department have strongly denied the report.

QQQ stock: Invesco QQQ Trust fell more than 5% toward $655 on Thursday as investors sold technology and semiconductor stocks following the US midterm elections. Qualcomm's disappointing chip sales and concerns over AI data center spending added to the pressure, even as QQQ increased its holdings in Nvidia, Apple and Microsoft on Tuesday.

Paraguayan President Santiago Pena announced his resignation after the central bank's takeover of Ueno Bank left three million depositors, including pensioners, unable to access their money. The crisis triggered protests, an impeachment push and accusations of political favouritism against Pena, whose own Colorado Party backed his removal.

President Donald Trump's administration engaged in secret discussions with Iran about deporting Iranians while the war continued. Court documents reveal that the administration planned to deport Iranians via a third country. The judge demanded the government provide notice of any deportation plans involving Iranians. A lawsuit alleges that immigration agencies shared confidential information with the Iranian government, risking the lives of many individuals.

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Novembers Beaver Moon turns full on Tuesday, Nov. 24, and is best viewed as it rises in the northeast around sunset.Find a spot with a clear view of the horizon and check your local moonrise time before heading out.

Abdul El-Sayed's recent election to the U.S. Senate signifies a notable milestone for American Muslim political engagement. Despite facing anti-Muslim rhetoric during the campaign, he won support for his policies and values. His victory is viewed as a rejection of hate and discrimination against Muslim Americans. Residents of Dearborn expressed pride in seeing an individual representative of their community elected to office.

Michael Burry's warning about an AI bubble is back in focus as Wall Street loses more than $2 trillion in market value. On Thursday, November 5, AMD shares plunged around 12%, SanDisk fell 14%, Micron dropped 10%, while Nvidia lost nearly 7%. Tesla and Palantir also fell 9% and 8%, respectively. The sell-off spread across chipmakers, memory companies and AI infrastructure stocks. The Dow fell 2.36%, the S&P 500 dropped 3.11%, and the Nasdaq sank 4.20%, as investors questioned whether massive AI