The Latest Breaking News from The Economic Times

Chipotle stock surges 6% as Starbucks explores potential takeover of CMG - here's what investors need to know

Chipotle stock jumped after a report that Starbucks has explored a potential takeover of the Mexican fast-casual chain. Here’s what the reported interest means for CMG stock, Brian Niccol’s connection and Chipotle’s international expansion plans.

The Economic Times · Oct 8

Diddy’s prison release date pushed back: Curry chicken, pizza, Instagram and secret liquor stash — what’s happening behind bars?

Sean Diddy Combs is serving a 50-month sentence at FCI Fort Dix due to his recent conviction. Reports indicate he leads a luxurious life behind bars with special treatment from others. Combs allegedly has people cooking for him and providing massages while serving his sentence. He has been seen using…

The Economic Times · Oct 8

Columbus Day 2026: Is October 12 a federal holiday? Here's what's open and closed on October 12?

Columbus Day 2026 is set for Monday, October 12, and will be recognized as a federal holiday. As a result, all federal offices and courts will be closed, while the U.S. Postal Service will not deliver regular mail. Many private businesses, including grocery stores and restaurants, will remain open, though…

The Economic Times · Oct 8

Experiments on animals set to become easier

The Centre plans to significantly change the regulations governing animal experimentation. The proposed rules aim to allow institutional ethics panels to approve most experiments. Currently, only small animal experiments can be approved at the institutional level while larger ones require central oversight.

The Economic Times · Oct 8

Microsoft stock (MSFT) falls as US targets green card filings for H-1B workers and Italy probes gaming business

Microsoft stock fell nearly 2% as the US targeted Microsoft’s green card filings for H-1B workers, while Italy opened an investigation into Microsoft-owned gaming companies over virtual currencies, consumer protection and gaming practices.

The Economic Times · Oct 8

Experiments on animals set to become easier

The Centre plans to significantly change the regulations governing animal experimentation. The proposed rules aim to allow institutional ethics panels to approve most experiments. Currently, only small animal experiments can be approved at the institutional level while larger ones require central oversight.

The Economic Times · Oct 8

US 30-year fixed-rate mortgage rate hits 7.40%, likely to further erode housing demand

In the U.S., the 30-year fixed-rate mortgage has surged to 7.40%, fueled by rising inflation that has also driven up energy costs and Treasury yields. With midterm elections looming, the housing market is grappling with affordability challenges. Homeowners are reluctant to sell due to these higher mortgage rates. While home…

The Economic Times · Oct 8

Israel to continue working with India to defeat terrorism: Envoy

Israel marked three years since the October 7 attacks that resulted in significant casualties and hostages taken. Ambassador Reuven Azar emphasized the nation's determination to combat terrorism while strengthening ties with India. The gathering featured prominent figures, including former MP Tarun Vijay and Rabbi Ezekiel Isaac Malekar, who paid tribute…

The Economic Times · Oct 8

'Our message to Microsoft is...': JD Vance targets tech giant over fraud, abuse as US says Microsoft, Adobe sought 3 million foreign workers

The Trump administration has suspended major tech companies from applying for permanent residency for foreign workers. Various companies, including Microsoft and Adobe, have been accused of abusing the H-1B visa program. U.S. Vice President JD Vance claimed that Microsoft replaced laid-off American workers with foreign workers. Labor Secretary Keith Sonderling…

The Economic Times · Oct 8

US President Donald Trump buys $1 million-plus stakes in Meta, Microsoft, McDonald’s; adds SpaceX debt

Donald Trump invested over $1 million in stocks of several major companies during August. Notable purchases included Meta Platforms, McDonald's, Microsoft, and space-related debt from SpaceX. His investment activities encompass trading in shares of Nvidia and Advanced Micro Devices, key players in the AI sector. Trump's financial dealings during his…

The Economic Times · Oct 8