The Economic Times

Dow Jones, S&P 500 and Nasdaq today: Wall Street experienced a sell-off on Friday, with major indices like the S&P 500, Nasdaq, and Dow Jones closing lower. Technology stocks led the declines as investors took profits, while rising Treasury yields and inflation concerns added pressure. Disappointment over the Trump-Xi summit and surging oil prices also contributed to the market's cautious mood.

Quote of the day by Stephen Hawking: Renowned physicist Stephen Hawking cautioned about artificial intelligence. He believed AI could be humanity's greatest achievement, but also its last if risks are not managed. Hawking foresaw AI's power to transform life through science and medicine. However, he warned of dangers like loss of control and misuse.

Aristotle's enduring quote, Excellence is never an accident, emphasizes that greatness stems from high intention, sincere effort, and intelligent execution, not chance. His philosophy, developed through extensive study and teaching at the Lyceum, highlights the importance of deliberate choices and consistent action in shaping one's destiny and character, a principle still relevant today.

Piyush Goyal stated the government absorbed global oil price hikes by cutting excise duty. He highlighted significant fertiliser subsidies for farmers. The minister also mentioned voluntary austerity appeals for reducing imported commodity consumption. Efforts are underway to boost trade with the US, aiming for preferential market access.

The government has extended deadlines for a major scheme promoting rare earth permanent magnet manufacturing. This move aims to encourage more companies to participate. The bid submission date is now June 29, and technical bids will be opened on June 30. This extension provides crucial additional time for stakeholders involved in the bidding process.

Chinese Proverb of the Day highlights the meaning of The woman who tells her age is either too young to have anything to lose or too old to have anything to gain. The saying reflects how age is often shaped by social perception, expectations, and personal confidence rather than just a number. It suggests that people may choose to reveal or conceal their age depending on how they feel society will judge them.

The move seeks to prevent smaller benches from deciding cases involving important legal questions, ensure consistent rulings, and streamline the process of resolving disputes.

The Supreme Court has ruled against Flipkart India regarding its 'MarQ' electronics brand. The court found the name too similar to Marc Enterprises' 'Marc' trademark. Flipkart must now stop using the 'MarQ' name and sell off existing stock within eight weeks. This decision follows a Delhi High Court order. Marc Enterprises has used its 'Marc' brand since 1981.

Addressing concerns about reports suggesting a new tax on international travel, Prime Minister Narendra Modi was quick to clarify that such plans are entirely unfounded. He emphasized the government's focus on facilitating business growth and enhancing living standards. Furthermore, he urged collaboration to navigate the complexities of the current global economy and curb rising costs.

The auction on eBay was intended to revive an event that Buffett hosted for more than two decades that raised USD 53 million for the GLIDE Foundation homeless charity in San Francisco. This year's auction that wrapped up Thursday night also raised month for Curry's Eat.Learn.Play. Foundation that he established with his wife, Ayesha.

The Allahabad High Court has granted bail to a group of men. They were accused of consuming non-vegetarian food on a boat in the Ganga river in Varanasi. The men also allegedly threw leftover waste into the river. The court heard their bail applications. The next hearing for other accused is scheduled for May 18.

Fuel prices have risen, potentially pushing retail inflation up by 0.15 to 0.20 percentage points. Experts warn this could lead to wider price increases across the economy. Higher transport and logistics costs are expected to impact various sectors. This development follows recent increases in gold and milk prices. The full effect on inflation will become clearer in the coming months.

The Centre has extended the deadline for the Commission of Inquiry probing Manipur's ethnic violence. The panel will now submit its report by November 20, 2026. This commission was formed in June 2023 to investigate the violence that began in May 2023. Over 260 people have died due to the ongoing conflict in the northeastern state.

The cruise missile hit the nine-story corner apartment block Thursday during what the Ukrainian air force said was Russias biggest barrage on the country of the full-scale invasion. Emergency workers finished digging through the rubble searching for victims after more than a day, Zelenskyy said on X.

President Donald Trump is set to unveil a grand vision for West Potomac Park: the National Garden of American Heroes, a statue garden commemorating 250 influential Americans. While this project promises to celebrate national pride, it may face opposition from legal challenges related to D.C.'s rigorous development guidelines.

In a landmark move towards deeper collaboration, India and the UAE have inked multiple agreements focusing on defense, energy, and infrastructure development. During a pivotal meeting, Prime Minister Narendra Modi engaged with UAE President Sheikh Mohammed bin Zayed Al Nahyan to deliberate on critical regional stability initiatives and to firmly denounce recent attacks on the UAE.

India has officially launched its ambitious Advanced Medium Combat Aircraft project. Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N Chandrababu Naidu attended the groundbreaking ceremony. The manufacturing unit for these next-generation stealth fighter jets will be established in Puttaparthi.

India's trade deal with the UK is delayed by new British steel rules. Officials are seeking a creative solution for early implementation. Meanwhile, India and the US are nearing an interim trade agreement. India also aims to boost exports to $1 trillion by 2026-27, with ongoing reviews for pacts with Korea and the Maldives.

While Trump maintained the leaders this week spoke about almost everything you can discuss, except for a reduction of tariffs, he did allow that the two sides outlined efforts to reduce the flow of precursor chemicals used in the production of fentanyl. Trump has cited fentanyl flows in imposing some of the levies he placed on China.

The Chief Minister has officially stepped down from their position representing the Nandigram constituency in the state assembly. This significant political move means they will no longer hold the seat they previously occupied, prompting discussions about the future political landscape and potential by-elections in the region.

Fidelity Investments is settling a class-action lawsuit for $2.5 million following a 2024 data breach. Customers whose financial account and routing numbers were compromised between August 17-19, 2024, may qualify for up to $5,000 in compensation for documented losses. The settlement also includes identity theft protection and credit monitoring services. Claims must be filed by July 27, 2026.

The recent Rs 3 increase in petrol and diesel costs has ignited serious backlash from Congress, with party figures like Rahul Gandhi and Mallikarjun Kharge arguing that this move signals impending inflation, tied closely to the Modi administration's policies. They stressed that the repercussions of these fuel price hikes are weighing heavily on ordinary citizens.

India's dam infrastructure faces challenges from extreme weather. NHPC is now using Artificial Intelligence for better flood forecasting and dam monitoring. An AI platform called 'eAabhas' uses sensors and machine learning for early warnings. This technology will improve accuracy and help protect dams and people. It integrates data from various agencies for better decision-making.

Quote of the Day by the Professor from Money Heist: When the odds are against us, that's when we shine the brightest is a powerful reflection on resilience, mental strength, and the ability to rise during adversity. Spoken by the brilliant mastermind known as The Professor, the quote highlights how true potential often appears in moments of pressure and uncertainty rather than comfort. It encourages people to see challenges not as barriers, but as opportunities for growth, courage, and self-disc

Chhattisgarh's Chief Minister, Vishnu Deo Sai, has launched an innovative program aimed at revitalizing inactive police and paramilitary camps within tribal territories by transforming them into 'Seva Kendras'. This initiative aspires to deliver a plethora of government services right to the heart of underserved communities.

Russia has increased oil supplies to India, according to Foreign Minister Sergey Lavrov. This comes as a crucial US waiver for purchasing Russian crude is set to expire. Lavrov met with Prime Minister Narendra Modi and External Affairs Minister S Jaishankar to discuss energy trade and strengthen the strategic partnership.

Jewish Proverb of the Day: A Jewish proverb reveals true heroism lies in conquering personal urges. This ancient wisdom highlights self-control as the ultimate strength. It applies to modern life, guiding relationships, careers, and personal well-being. Mastering impulses leads to freedom and inner peace. This focus on internal battles offers a timeless perspective on personal growth and resilience.

Quote of the day by Benjamin Franklin is rapidly trending across self-improvement, emotional intelligence, and wisdom quote searches in 2026. Franklins timeless words He that would live in peace & at ease, Must not speak all he knows or judge all he sees reflect a deep truth about modern life. In an age driven by opinions, social media reactions, and constant judgment, this Benjamin Franklin quote on peace and silence feels more relevant than ever.

Chinese proverb of the day: Ancient Chinese saying highlights the profound impact of our words and actions. Spoken words, whether kind or harsh, linger and shape trust and reputations, often being repeated and transformed. Similarly, our deeds serve as silent examples, influencing others to imitate our behavior.

Karnataka is set to establish a dedicated drone flight testing facility near Bengaluru. The state aims to streamline regulations and attract drone manufacturers and startups. This initiative includes creating shared testing spaces and simplifying regulatory pathways. Discussions also covered skilling and government adoption of drone technology.

African Proverb of the Day highlights the meaning of A woman is a flower in a garden; her husband is the fence around it. The proverb uses symbolic imagery to reflect traditional ideas about love, marriage, protection, and partnership. It suggests that, like a flower in a garden, a woman deserves care, respect, and a supportive environment to flourish.

John Denver's enduring appeal stems from his comforting folk music and optimistic outlook. His simple yet profound quote, Things go up and down. If you can survive the down, it will come back, offers reassurance that difficult periods are temporary. This message of resilience and perspective continues to resonate with people facing life's inevitable challenges.

Chinas richest woman, Zhou Qunfei, once worked factory shifts after leaving school at 15. Today, her billion-dollar tech company supplies Apple, Tesla, and Samsung. Her glass powers iPhones and smart vehicles worldwide. She built Lens Technology from poverty, loss, and survival. Now she sits beside Elon Musk and Tim Cook at global business meetings.

President Donald Trump on Friday warned Taiwan against declaring formal independence after a visit to China, whose leader Xi Jinping had pressed him against US support to the self-ruling island. Xi had begun the summit with a warning on Taiwan, whose President Lai Ching-te considers the island already independent, making a declaration unnecessary.

Quote of the Day by Princess Diana: Princess Dianas powerful quote reflects on the realities of motherhood and the strength of women. It humorously suggests that if men experienced childbirth, they might not be willing to go through it more than once, highlighting the physical and emotional challenges women endure. Beyond humor, the quote also draws attention to the resilience, courage, and sacrifice involved in bringing life into the world.

CBSE topper: Bhavya Ranjan, a humanities national topper, achieved 499 out of 500 in her Class 12 CBSE exams. Her success story highlights productivity and consistency over excessive study hours. Ranjan focused on conceptual clarity and disciplined routines. She managed social media use effectively. Her approach offers a sustainable model for students facing academic pressure.

Prime Minister Narendra Modi has strongly refuted media reports suggesting a new tax on foreign travel. He stated there is absolutely no truth to claims of discussions about imposing a cess or surcharge. The Prime Minister emphasized the government's commitment to enhancing ease of doing business and ease of living for citizens.

Quote of the day by Cameron Diaz highlights a message about self-humor and human nature. The quote explains how laughter and self-awareness connect with happiness and success. It also reflects Cameron Diazs career, early life, films, books, and personal journey. The story explains how the quote relates to modern life, work culture, and relationships while sharing facts about her film career and comeback.

Martin Luther King Jr.'s powerful quote, Love is the only force capable of transforming an enemy into a friend, originated in his 1963 book Strength to Love. This philosophy, rooted in nonviolence and empathy, was a practical strategy for social change, shaping the civil rights movement and continuing to inspire global movements for justice and human rights today.

Iran's Foreign Minister Abbas Araghchi highlighted Chabahar Port as a key India-Iran cooperation symbol. He urged India to continue its investments in the strategic project. Araghchi also called for India to play a larger diplomatic role in the Middle East for regional stability. India is discussing arrangements to secure its interests at Chabahar Port.