The Economic Times

Trump Accounts are moving closer to launch, with eligible families set to access a $1,000 government-funded investment bonus for qualifying children. The newly released Trump Accounts app allows parents to begin account setup before the July 4, 2026 rollout. Backed by the U.S. Treasury, the child savings program offers tax-deferred investing, annual contributions up to $5,000, and long-term wealth-building potential.

Alphabet stock price remained in focus after Google parent Alphabet announced plans to raise up to $80 billion to expand artificial intelligence infrastructure. The company said Berkshire Hathaway will invest $10 billion as part of the fundraising effort. The move comes as Alphabet increases spending on AI data centers, chips, and computing capacity while competition among major technology companies continues to grow.

Why are oil prices up today and will Brent and US WTI crude futures continue to drop or rise again? Oil prices moved higher after Iran suspended negotiations with the United States and concerns returned over crude supplies through the Strait of Hormuz. Brent crude and US WTI futures gained sharply as traders assessed risks linked to the Middle East conflict, inflation, global stock markets, and future energy deliveries.

A breakthrough quantum physics experiment has revealed a startling result. Scientists measured negative time as photons moved through a cloud of rubidium atoms. The study analyzed millions of observations and confirmed the effect using advanced weak measurement techniques. This negative time quantum experiment does not enable time travel. However, it challenges how researchers understand photon interactions, quantum mechanics, and the nature of time itself.

An African proverb warns that neglected children may resort to destructive behavior to feel warmth and belonging. This ancient wisdom underscores the universal human need for acceptance, emphasizing that communities must embrace individuals to prevent alienation and foster a healthier society. Feeling seen and valued is crucial for positive contributions.

Michael Saylor's Strategy Bitcoin (BTC USD) sale: Strategy has sold 32 bitcoin for approximately 2.5 million dollars. This is the company's first bitcoin sale since late 2022. The proceeds will help fund distributions on its preferred stock. Strategy continues to hold a significant amount of bitcoin. The company's approach to bitcoin accumulation remains its core strategy.

Spanish proverb of the day highlights an important lesson about reality, appearances, identity and character. The saying teaches that external changes cannot transform a person's true nature. It reminds people to focus on actions, values and behavior rather than wealth, clothing or status. The proverb remains relevant in modern society where appearances often influence opinions and decisions.

The June 2026 Social Security payment schedule is based primarily on a beneficiary's birth date. Individuals who started receiving benefits before May 1997 generally receive payments earlier in the month. Those who began receiving benefits afterward are grouped according to their birth dates. Under the June 2026 Social Security payment schedule, Supplemental Security Income recipients receive payments at the beginning of the month.

The spotlight shines brightly on young cricketer Vaibhav Sooryavanshi, who is rapidly becoming a sought-after name in the sports world. Corporations are eager to collaborate with him, recognizing the potential for lucrative endorsements. His outstanding gameplay has significantly increased his worth, reaching over one crore rupees per agreement.

African Proverb of the Day highlights the meaning of A man will never heed the voice of a woman until it is too late. The saying reflects how people sometimes ignore valuable advice or perspectives due to pride, bias, or a lack of attentiveness in the moment. It suggests that wisdom is often available early, but it may not be recognized or appreciated until after consequences have already taken place.

A meteor traveling at approximately 75,000 miles per hour exploded high above the northeastern United States, producing a bright fireball and sonic booms heard across Massachusetts and neighboring regions.Scientists confirmed the object was a natural meteor rather than space debris or a satellite. Despite the dramatic spectacle, no injuries or impact damage were reported, as the meteor disintegrated in the atmosphere.

S&P Global's manufacturing Purchasing Managers' Index (PMI) edged up to 53.9 in May from 53.7 in April. A reading above 50 indicates expansion. The increase was driven largely by companies bringing forward orders to avoid expected price increases and delivery delays, suggesting the improvement may prove temporary.

Chinese proverb of the day explores the saying, Beauty is the wisdom of women. Wisdom is the beauty of men. The proverb reflects traditional views about relationships, love, happiness, and personal values. Its meaning has evolved over time. Today, it encourages people to value inner beauty, emotional intelligence, wisdom, authenticity, and balanced partnerships while questioning gender stereotypes and promoting mutual respect.

Valued at nearly $965 billion following recent funding activity, Anthropic has emerged as one of the world's most valuable private technology companies. The companys confidential filing suggests that executives believe public markets are finally ready to place a price on the future of advanced AI systems. For many investors, the Anthropic IPO is not simply about one company. It is increasingly viewed as a referendum on the commercial potential of generative AI itself.

India has suspended its 11% import duty on cotton until October. This move has immediately reversed the recent rally in cotton prices, with both bales and yarn seeing a drop. Industry insiders expect further price decreases in the coming days. This decision aims to ease prices, prevent hoarding, and boost the competitiveness of Indian textile exports.

Iran struck a US air base following American strikes on its military sites. Kuwait also reported missile and drone attacks. These actions have heightened regional tensions and increased oil prices. Israel expanded military operations against Hezbollah. Pakistan is mediating peace efforts amid ongoing conflict and disrupted energy markets.

Demand for MGNREGS work saw a significant drop in May compared to last year. This comes as a new program is slated to replace the current scheme from July 1. Preliminary data shows a nearly 28% decrease in job seekers. Experts attribute this moderation to buoyant economic activities offering better job prospects in other sectors.

India's GST collections hit an impressive 1.94 lakh crore in May 2026, showcasing a 3.2% rise primarily driven by robust imports of essential raw materials and electronic components. Interestingly, while import-led revenue climbed higher than domestic transactions, officials praised the prevailing business confidence and a thriving industrial sector.

India's manufacturing sector saw strong growth in May, reaching a three-month high. Demand remained steady, boosted by infrastructure projects and new business. Output increased, and new orders grew fastest since February. While cost pressures intensified, input cost inflation eased slightly. Job creation continued, and businesses are optimistic about future growth.

Quote of the day by Jennifer Lawrence: Her quote emphasizes the dual paths of independence: unchecked freedom or self-parenting through discipline and responsibility. This message resonates today as modern life demands individuals manage challenges autonomously, highlighting that true freedom requires thoughtful decision-making and self-leadership for personal growth and resilience.

Royal Challengers Bengaluru secured their second consecutive Indian Premier League title. Virat Kohli's exceptional batting performance was a key factor in their victory. The tournament saw numerous team and individual records broken, including the highest team total chase and the most sixes hit in a season. Young Vaibhav Sooryavanshi also set a new record for individual sixes.

The release revives a controversy that has dogged Starmer's government since reports emerged about Mandelson's past links to the late financier and convicted sex offender Jeffrey Epstein. Earlier documents published in March revealed that official vetting had flagged potential reputational risks associated with those connections.

In a commendable feat, the Indian government has hit its FY26 fiscal deficit goal of 4.4% of GDP, largely due to prudent expenditure management. With net tax receipts reaching 98.1% of the anticipated target and non-tax revenues exceeding projections, the overall government spending was also well within planned constraints.

China has introduced new rules to tighten control over overseas investments. This directive aims to enhance national security reviews for cross-border capital flows. The regulations, effective July 1, prohibit the transfer of restricted goods, technology, services, and data abroad. Offenders face financial penalties, including fines and asset disposal.

Arunachal Pradesh Chief Minister Pema Khandu is under pressure to step down. This follows a Supreme Court ordered CBI probe into corruption allegations against his family. State BJP leaders are defending Khandu. They state no leadership change will occur during the investigation. The opposition Congress demands Khandu's resignation.

The government has approved five new appointments to the Supreme Court. This includes four Chief Justices from various High Courts and senior advocate V Mohana. These appointments follow the recent increase in the Supreme Court's sanctioned strength. With these additions, 37 out of 38 positions in the top court are now filled.

April marked a significant milestone for India's industrial landscape, showcasing a 4.9% increase in production. The manufacturing sector was the star of the show, particularly with notable advancements in automobiles and electrical equipment. Unfortunately, the mining sector struggled, reflecting a broader trend.

SoftBank Group has become Japan's most valuable company, surpassing Toyota Motor. This shift highlights investor excitement for artificial intelligence. SoftBank's shares surged, while Toyota's stock declined. The move signals a preference for AI-linked businesses. Japan's memory chip maker Kioxia Holdings also benefits from AI demand.

Over four lakh students are awaiting the portal's activation amid serious doubts over their Class 12 board mark evaluation through the new on-screen marking mechanism. Many are seeking verification of their answer sheets while others have applied for re-evaluation of their answer sheets.

The Supreme Court has declined a plea to conduct the NEET-UG 2026 re-test in a computer-based format. Justices PS Narasimha and Aravind Kumar deferred the matter to July. The court cited practical difficulties and past dismissals of similar requests. The re-test is scheduled for June 21. The plea sought reforms including a shift to computer-based testing for future exams.

New Chinese regulations on technology transfers may affect India's electronics and automotive component manufacturing plans. Indian companies are seeking clarity from Chinese partners. Executives fear delays in crucial areas like display manufacturing and electric vehicle components. While some expect minor delays, others foresee significant disruptions in talent flow and joint ventures.

The Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and assets. This follows a report highlighting inconsistent application that cost the government revenue. These rules help tax authorities treat unexplained money, investments, or spending as income if taxpayers cannot provide a valid source.

After destroying the credibility of exams from NEET and UGC NET to CUET and CBSE, hollowing out UGC funding, shutting schools and pushing India's education system into chaos, will PM Modi finally fix accountability or continue shielding failure? Dharmendra Pradhan must resign immediately as Union education minister..., said Congress spokesperson Pawan Khera at a party presser.

India is nearing a trade deal with the US, with most aspects of the first phase finalized. Discussions are ongoing for minor details. Meanwhile, India is working with the UK to implement their trade agreement. Key issues like UK steel measures and carbon taxes are being addressed. Both nations aim for a swift rollout of the pact.

The Delhi High Court's recent ruling has exonerated Samir K. Modi from defamation allegations made by independent directors Nirmala Bagri and Atul Kumar Gupta, who claimed their reputations were harmed. The court clarified that Modi's remarks were not aimed at them but were pertaining to his mother.

India has initiated the process to acquire 114 Rafale fighter jets from France. A letter of request has been sent, paving the way for price negotiations. The deal, valued at 3.25 lakh crore, includes technology transfer. A significant portion of these jets will be manufactured in India, boosting local production capabilities and aiming for substantial indigenous content.

The National Company Law Tribunal and National Company Law Appellate Tribunal have reshaped commercial justice in India. These bodies, established in June 2016, marked a significant change. The Insolvency and Bankruptcy Code introduced a new approach to resolving company debts. This system prioritizes creditors and sets strict deadlines for resolution. These tribunals have fundamentally altered how commercial disputes are handled.

The southwest monsoon is expected to reach Kerala within the next two to three days. This marks the beginning of the crucial four-month monsoon season for India. Weather officials predict below-average rainfall this year. The progress of the monsoon is being closely watched due to potential El Nino effects.

Prime Minister Narendra Modi met with Myanmar President Min Aung Hlaing in New Delhi. Discussions focused on security cooperation and border management. Myanmar assured India its territory will not be used for harmful activities. Both nations emphasized regional stability. Critical minerals also featured in the talks. This meeting strengthens bilateral ties.

In anticipation of the upcoming sowing season, India is making strategic changes by reducing its fertilizer requirements due to forecasts of insufficient monsoon rainfall. This adjustment means lower demand for urea and DAP, while farmers are encouraged to minimize their reliance on chemical fertilizers, promoting better soil health.

BJP President Nitin Nabin led a five-hour meeting with national office-bearers. The party is focusing on expanding its reach among the youth. Strategies were firmed up to deepen engagement with women, Dalits, tribals, and professionals. Strengthening booth-level machinery and grassroots outreach were stressed. Preparations for upcoming assembly polls were also reviewed.

India and Australia are strengthening defence ties. Their defence ministers met in New Delhi. They will sign a new agreement to boost defence industry collaboration. Both nations will work on futuristic technology research. Maritime security cooperation will also increase. They are finalizing a Joint Maritime Security Collaboration Roadmap. This includes sharing information on maritime traffic and enhancing undersea awareness.

Proverb of the Day highlights the importance of mutual respect, honor, and understanding in relationships. The saying teaches that the way people treat their partners often shapes the atmosphere of a marriage. It explains the value of positive communication, emotional intelligence, and appreciation. The proverb also connects with historical and biblical teachings that encourage people to build strong families through respect, cooperation, support, and shared responsibility.

Micron (MU) stock price target: Micron Technology's stock surged past $1,000, driven by robust demand for AI infrastructure and its key role in supplying high-bandwidth memory (HBM). Analysts are raising price targets, with some projecting significant long-term growth, though forecasts remain divided on the sustainability of the AI boom.

US President Donald Trump stated he is unconcerned if talks with Iran end. He also shrugged off worries about oil prices even if Tehran blocks the Strait of Hormuz. Diplomatic efforts between Washington and Tehran appear to be faltering. Iran has halted message exchanges with the US through mediators.