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Monday, November 10, 2025
TopicBloomberg wire

Topic: Bloomberg wire

Mamdani, Spanberger & Sherrill: Democratic victories give party a roadmap for beating Trump

The success of Democratic candidates in New York, Virginia and New Jersey show how the party can rally around pocketbook issues like grocery and housing prices and a rejection of Trump’s less popular policies.

Cheap foreign supply is threatening India’s own steel industry

About 150 mills have stopped operations, while another 50 have reduced output as local steel prices hover near five-year lows. Almost half of India’s steel output flows from smaller units

India may cancel green projects struggling to find clients

While the move could free up grid capacity struggling to keep up with rapid renewable rollout, it would be a major setback for green ambitions. India aims to double clean power capacity to 500 gigawatts by the end of the decade.

US federal agent tells court sandwich ‘exploded’ in viral DC incident

Asked if the impact of a sub thrown at the agent was enough to warrant a federal charge, CBP Agent Gregory Lairmore said he could feel its “impact through his bulletproof” vest.

Amazon’s 14k layoffs worldwide show how AI is coming for India

As the economy struggles to move from lower-middle to higher-middle income, AI is threatening its biggest advantage: the youth bulge it enjoys against other countries that are rapidly aging.

Nvidia worth $5 trillion: What does it mean for the market?

The chipmaker at the heart of the AI revolution may be the most influential stock in Wall Street history. Nvidia has been the primary driver of the market’s gains since the start of 2023.

GST cut fuelled Rs 6 trillion festival shopping boom in India

Items like jewellery, electronics, apparels, furnishing, and sweets were most in demand, the Confederation of All India Traders said in a statement.

RBI back to defending rupee after October gains fizzle

Uncertainty over tariffs on India’s exports to the US and a less certain path for Federal Reserve rate cuts are exerting pressure on the rupee, which fell for a third straight session on Monday to 88.7988 against the dollar.

Lenskart IPO sold out in 5 hours, but sparks concern over high startup valuations

Analysts say the worry is that mutual funds — whose inflows are dominated by household money — may be paying steep valuations for startups yet to establish profitability.

Trump wants more US nuclear weapons tests. What does that mean?

If US was to revive its testing activity, it would open the door for China to resume testing, and they’re the only one of Big Five that needs new test data, an expert says.

On Camera

SC order on stray dogs is like Tughlaq’s march to Daulatabad—grand in tone, empty in substance

SC’s order asks institutions to breed unnecessary panic and build fortresses, when they are yet to achieve basic safety or dignity.

No more text-heavy ads, wider scope of services—ICAI’s ethics code overhaul to promote Indian CA firms

Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.