US stocks: US market ends lower, off record highs, as Treasury yields climb

Economic Times - Oct 7, 2026

The recent trading session on Wall Street saw a decline as US Treasury yields surged, sparking fears over inflation and the escalating debt crisis. This drop followed remarkable highs reached by the S&P 500 and Nasdaq. Concurrently, rising oil prices due to supply issues influenced market sentiment and contributed to a global bond selloff.

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Jharkhand DGP appointment violates apex court directions: Centre in Supreme Court
Oct 7, 2026
Jharkhand DGP appointment violates apex court directions: Centre in Supreme Court

The central government has filed a petition in the Supreme Court questioning the recent appointment of Tadasha Mishra as DGP of Jharkhand, citing breaches of guidelines set in the Prakash Singh judgment. The petition also challenges the validity of the 2025 regulation under which the appointment was made, and raises concerns about the previous appointment of Anurag Gupta. A three-judge bench will review the Centre's petition shortly.

Rahul Gandhi tells Congress leaders to spring surprises, catch eyeballs in protests
Oct 7, 2026
Rahul Gandhi tells Congress leaders to spring surprises, catch eyeballs in protests

Rahul Gandhi encouraged Congress leaders to adopt creative and eye-catching strategies for their protests. He pointed out the significance of unexpected actions that foster social media buzz. Recent demonstrations featuring striking elements, such as barricade climbing and sit-ins, were mentioned as successful approaches. These innovative methods aim to resonate with younger audiences while boosting their outreach initiatives. Party members are now gearing up for more surprising tactics in upcoming events.

West Bengal to be renamed as 'Paschim Banga': State BJP Chief Samik Bhattacharya
Oct 7, 2026
West Bengal to be renamed as 'Paschim Banga': State BJP Chief Samik Bhattacharya

West Bengal will be renamed as 'Paschim Banga' following a proposal from the BJP party. The proposal will first undergo approval in the assembly before moving to the Centre. BJP president Samik Bhattacharya stated that this new name preserves the state's historical identity. This follows the previous government's attempt to change the name to 'Bangla', which was rejected.

Anushka Sharma and family buy three apartments worth Rs 44 crore on same floor of Godrej Skyshore in Mumbai's Versova
Oct 7, 2026
Anushka Sharma and family buy three apartments worth Rs 44 crore on same floor of Godrej Skyshore in Mumbai's Versova

Anushka Sharma latest news: The actor and her family have made significant real estate investments in Mumbai worth Rs 44.1 crore. On July 8, 2026, Anushka purchased an apartment, while her parents bought the adjoining unit. Later, Anushka and her husband Virat Kohli jointly acquired another apartment on July 21, 2026. These purchases follow the couple's earlier investment in Alibaug, where they bought land for Rs 37.86 crore.

US issues first outbound investment fine over Chinese robotics AI deal
Oct 7, 2026
US issues first outbound investment fine over Chinese robotics AI deal

The US Treasury on Wednesday announced its first penalty under rules governing American investment in sensitive Chinese technologies, revealing a US$200,000 fine against the parent of Plug and Play Tech Centre for failing to report an investment in a Shanghai robotics AI company. The Treasury said on Wednesday that Amidi, LLC failed to submit a required notification after its Chinese fund subsidiary invested around US$92,478 in Shanghai Qiongche Intelligent Technology Company Limited, known as...

Best online deals to have short life as brands battle surging input costs
Oct 7, 2026
Best online deals to have short life as brands battle surging input costs

During this festive period, ecommerce platforms are gearing up to provide enticing discounts for just the first few days. However, as rising input costs and inflation exert pressure, companies are anticipated to swiftly pull back on deeper discounts. While popular items such as smartphones, televisions, and laptops will see comparatively moderate price reductions this season, the availability and duration of these discounts will be affected by limited stock.

Social Security 2027 COLA: October 14 decision nears as inflation data points to a 3.6% increase, but what could it actually mean for your monthly check?
Oct 7, 2026
Social Security 2027 COLA: October 14 decision nears as inflation data points to a 3.6% increase, but what could it actually mean for your monthly check?

Social Security 2027 COLA date: The Oct. 14 announcement will settle the 2027 Social Security COLA. Current estimates point to roughly 3.4% to 3.6%, after earlier forecasts reached 3.8%. The final increase depends on third-quarter CPI-W data.

What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals
Oct 7, 2026
What will happen to economy if India-US FTA doesn't happen? RBI Governor reveals

"The impact depends on to what extent tariffs are going to be applied. So, it's premature to answer. But obviously it will have some negative impact," Malhotra said during the post-monetary policy press conference in response to a query on the impact on the economy if the trade deal with the US fails to materialise. However, India has concluded or implemented a series of trade agreements in recent months, which could help diversify its export markets.

CJI Surya Kant says SC will examine plea seeking recall of split verdict on poll panel law
Oct 7, 2026
CJI Surya Kant says SC will examine plea seeking recall of split verdict on poll panel law

The Supreme Court will examine an application seeking recall of its September 23 split verdict on challenges to the 2023 law governing appointment of the Chief Election Commissioner and Election Commissioners. The plea concerns Justice Satish Chandra Sharma’s son appearing for the Election Commission before the Madhya Pradesh High Court.

CJI Surya Kant says SC will examine plea seeking recall of split verdict on poll panel law
Oct 7, 2026
CJI Surya Kant says SC will examine plea seeking recall of split verdict on poll panel law

The Supreme Court will examine an application seeking recall of its September 23 split verdict on challenges to the 2023 law governing appointment of the Chief Election Commissioner and Election Commissioners. The plea concerns Justice Satish Chandra Sharma’s son appearing for the Election Commission before the Madhya Pradesh High Court.

Nancy Guthrie update: What do the newly revealed ransom emails indicate about the Nancy Guthrie investigation?
Oct 7, 2026
Nancy Guthrie update: What do the newly revealed ransom emails indicate about the Nancy Guthrie investigation?

Retired FBI agent Jennifer Coffindaffer received four ransom emails demanding bitcoin after Nancy Guthrie's disappearance. The emails featured an AI-generated image of Guthrie and were turned over to the FBI. Investigators believe the messages may have originated from scammers, potentially linked to similar demands involving Lauren Serpa. Furthermore, Nancy Guthrie remains missing, with no known suspects, and a masked individual was seen on surveillance footage.

US Fed minutes signal another rate hike by year-end as inflation stays high
Oct 7, 2026
US Fed minutes signal another rate hike by year-end as inflation stays high

According to the latest minutes from the US Federal Reserve, officials hint at a possible interest rate rise by year's end in response to ongoing inflation challenges. With inflation reaching a high of 7.2% in June 2022, fluctuations have continued amid worries over geopolitical events and escalating energy costs. The Fed faces the complex task of controlling inflation while ensuring stable employment within the economy.

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