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The Latest Breaking News from The Economic Times

U. S Stock Market Prediction for Tuesday: S&P 500, Nasdaq, Dow Jones set for volatile trading? Top factors, stocks to watch out

U.S. Stock Market prediction: All eyes will be on Micron Technology stocks which rallied 10.8 per cent, and Advanced Micro Devices rose 7 per cent. Nvidia’s climb of 3.5 per cent.

The Economic Times

Global Market Today: Asian markets temper Iran deal optimism, BOJ decision in view

Asian stocks saw a modest rise, following a rally on news of a peace deal between Iran and the U.S. Investors are now focused on central bank decisions, including an anticipated rate hike from the Bank of Japan. Oil prices remained cautious, reflecting ongoing concerns about transit through the Strait…

The Economic Times

California Gov. Gavin Newsom says Trump's DoJ is investigating him and his wife

California Governor Gavin Newsom accused the Justice Department of a politically motivated investigation targeting him and his wife, alleging Donald Trump is retaliating due to Newsom's presidential aspirations and criticism. Federal agents have reportedly questioned friends and former employees, seeking records related to increasingly personal matters.

The Economic Times

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Is the Iran war just an energy shock - or a turning point?

A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a temporary blip. While immediate relief is expected, the long-term impact hinges on consumer and government behavior shifts towards renewables and EVs, potentially challenging fossil fuel dominance.

The Economic Times

8th Pay Commission latest news: Has the deadline to submit the 8th CPC memorandum been extended? Check details

The 8th Pay Commission's deadline for submitting memorandums remains June 15, 2026. No further extensions will be granted. The commission is actively holding meetings with stakeholders in cities like Lucknow, Bhubaneswar, and Kolkata. These discussions are crucial for preparing the commission's report on pay, pensions, and working conditions for central…

The Economic Times

US at odds with allies over how easy it is to reopen Hormuz

Global leaders are meeting to discuss the Strait of Hormuz. US President Donald Trump expects it to reopen soon. However, European allies are cautious. They need clarity on an interim agreement with Iran before committing to de-mining and patrols. The situation remains complex, with differing timelines and potential challenges ahead…

The Economic Times

SoftBank Vision Fund CFO Navneet Govil exits after a decade as AI bets take centre stage

Navneet Govil, the chief financial officer of SoftBank's Vision Fund, is departing after a decade. His exit comes as the investment giant, known for its high-stakes bets on startups like WeWork, undergoes restructuring and shifts its focus towards AI. SoftBank will soon announce transition plans for his responsibilities.

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US Air Force B-52 bomber crashes in California, killing all 8 crew aboard

A B-52 Stratofortress bomber crashed during a routine training mission at Edwards Air Force Base. All eight crew members aboard perished in the incident. The aircraft burst into flames on takeoff. The cause of the crash is under investigation. Operations at Edwards Air Force Base were suspended due to runway…

The Economic Times

'Iran agrees to never have nuclear weapons,' says Trump after signing MoU with Tehran

President Trump announced Iran has agreed to never possess nuclear weapons, dismissing reports of a $300 million US payment as fake news. The new agreement links sanctions relief to Tehran's compliance with nuclear verification and regional security commitments, a stance echoed by Vice President Vance and Israeli Prime Minister Netanyahu.

The Economic Times

Purplle pauses fundraising talks as founders bag Rs 90-100 crore stake

Beauty retailer Purplle has paused fundraising talks due to valuation disagreements, while founders are buying back shares at a valuation of about Rs 11,300 crore. The company is focusing on its in-house brands and aggressive offline expansion, aiming for a valuation reflecting its rapid growth.

The Economic Times

Tokenomics 2.0: The battle against AI costs

Staggering token spending is forcing Indian firms to explore ways to rein in AI cost. This is where open-source models, small language models & inference layer startups step in, writes Swathi Moorthy.

The Economic Times

AI adoption gains momentum, returns emerge but infra lags: Industry executives

Indian businesses are increasingly embedding AI, transforming operations and yielding measurable returns. However, legacy infrastructure, skill gaps, and a need for business model shifts pose challenges. Experts emphasise domain-specific AI applications and developing indigenous language models as India's key opportunity.

The Economic Times

Startup investors cash out nearly Rs 18,000 crore after IPO lock-ins end

Top global investors like SoftBank and KKR have cashed out nearly Rs 18,000 crore from new-age Indian companies post-listing. This marks a shift, with IPOs now seen as the start of a longer monetisation cycle, allowing for staggered exits and continued upside for early backers.

The Economic Times

Deeptech VC YourNest closes Rs 400 crore continuation fund

YourNest Venture Capital has launched a Rs 400 crore continuation fund, YourNest Continuum Fund I, anchored by HDFC AMC. This fund will invest in seven top-performing deeptech startups, providing liquidity to existing investors while enabling continued growth for companies like Miko and Exponent Energy towards future exits.

The Economic Times

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The Economic Times

GIFT Nifty signals muted start for Dalal Street amid cautious trade

Indian stock markets saw a rally mirroring global trends. Investors reacted positively to news of a US-Iran ceasefire agreement and the reopening of the Strait of Hormuz. The Nifty closed higher, though trading remained within a narrow range. Analysts are watching the 24,000 mark as a key resistance level.

The Economic Times

FIFA World Cup fever fuels cyber scams

Cybercriminals are exploiting the FIFA World Cup, creating thousands of fake ticket portals, merchandise stores, and streaming sites to scam fans. Sophisticated operations are intercepting payment details and authentication, while AI is enabling more personalized and convincing phishing campaigns.

The Economic Times

Indian VCs turn to US AI startups in search of bigger returns

Indian VC firms are increasingly backing AI startups founded by non-Indians, drawn by the promise of higher returns, writes Swathi Moorthy.

The Economic Times

Talent shortage triggers AI adoption among insurers

A shortage of trained insurance professionals is driving insurers to automate claims processing, underwriting, and customer onboarding. This shift enables companies to handle growing business volumes with greater accuracy and efficiency, rather than replacing existing roles. Technology adoption is enhancing productivity and allowing employees to focus on higher-value client interactions.

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The Economic Times

FIFA World Cup: Is Luis Suarez playing in World Cup 2026? Check Uruguay roster including Saudi Arabia, Cape Verde, Spain

Luis Suarez is an Uruguay legend who has left indleible mark in the FIFA football World Cups throughout his illustrious international soccer career.

The Economic Times

Proverb of the Day: 'When a divorced man marries a divorced woman, there are...' Life lessons on open communication, unresolved trauma, invisible presence, subconscious comparison, boundary challenges, co-parenting ties, unique bonds, and why is it essential to leave the past behind while going in for a new relationship

Proverb of the Day highlights how past relationships can continue to influence a new marriage. The saying explains emotional baggage, unresolved trauma, subconscious comparison, co-parenting ties, boundary challenges, and the importance of open communication, healing, and creating unique bonds. It offers lessons on leaving the past behind while building trust…

The Economic Times

Trump has surrendered to Iran, claims conservative influencer as Tehran experts within Republican Party trash war agreement to reopen Strait of Hormuz

U.S. Senator Lindsey Graham, a Trump ally who advocated for the war, said in a Sunday X post he was "somewhat concerned" that Iran's description of the preliminary agreement was different from the White House's description.

The Economic Times

FIFA World Cup 2026 controversy: Has Australian match official really made 'neo-Nazi' hand gesture that resembles white supremacist sign or a simple involuntary twitch? Debate rages on

Shaun Evans is among 30 video review analysts selected by FIFA to work at this year’s World Cup, which is being co-hosted by the United States, Canada and Mexico.

The Economic Times

Turkish Proverb of the Day: 'A woman has advice only for...' Life lessons on empathy, support network, peer mentorship, communication, collective wisdom, self-worth and solidarity

Turkish Proverb of the Day highlights the importance of empathy, support network, peer mentorship, communication, collective wisdom, self-worth, and solidarity. The proverb, "A woman has advice only for another woman," reflects the value of shared experiences and understanding. It explains how women often seek guidance from those who have faced…

The Economic Times

B52 Bomber Crash at Edwards Air Force: All crew members dead after Boeing Stratofortress crashed following take-off in California, all about supersonic aircraft capable of carrying nuclear warheads

B52 Bomber Stratofortress crashed at Edwards Air Force Base in California on Monday. The Stratofortress, designed and built by Boeing, is a long-range, subsonic aircraft that has long served as the backbone ⁠of the United States' crewed strategic bomber force, according to the U.S. military.

The Economic Times

Jewish Proverb of the Day: 'Loving a woman who scorns you is...' Life lessons from Talmudic proverb on affection, emotional energy, disrespect, self-preservation, mutual respect, reciprocity, and why one should not seek love from someone who treats you with contempt or indifference

Jewish Proverb of the Day highlights a teaching from the Talmud that compares loving someone who scorns you to licking honey from a thorn. The proverb explains the risks of unrequited love, emotional energy spent on the wrong person, and the importance of self-preservation, mutual respect, reciprocity, boundaries, dignity, and…

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