WAR POWERS ACT
Jensen Huang case: Nvidia CEO love affair scandal revives push for tougher US line on China
Huang, who co-founded Nvidia and turned it into the world's leading supplier of the processors that power artificial intelligence, admitted on Sunday to an affair with Alice Huang, a former executive at Singapore-based Megaspeed whom US intelligence officials believe was working for Chinese intelligence.
How would impeaching Pentagon chief Hegseth work?
US Defence Secretary Pete Hegseth could face a House impeachment vote over alleged abuse of power, including the decision to go to war with Iran without congressional approval. The explainer looks at the impeachment process, the hurdles to Senate conviction, the political timeline and historical precedents involving Cabinet secretaries and US presidents.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian stock markets recovered from early losses on Monday, with Sensex gaining 107 points and Nifty rising 58 points. Improving foreign investor participation, strong corporate earnings and easing crude prices supported sentiment, despite mixed broader market performance.
US Secy of State Rubio defends Hegseth amid impeachment bid, says "Pete executed a direct order" from President Trump
US Secretary of State Marco Rubio expressed support for Secretary of War Pete Hegseth during an impeachment effort. Rubio argued that Hegseth acted on President Donald Trump's direct orders regarding military operations. He emphasized the necessity of addressing threats posed by Iran, Yemen, and Venezuela. In a press briefing, Hegseth defended the legality of these military actions and criticized the impeachment as politically motivated.
"Certainly not going to indulge in any finger pointing": Hegseth after JD Vance links Iran war to GOP midterm losses
US Secretary of War Pete Hegseth addressed concerns regarding military actions and ongoing impeachment efforts. He emphasized that military operations in Iran and other regions were lawful and necessary. Hegseth dismissed the impeachment resolution introduced by Representative Thomas Massie as a political stunt driven by personal motives. Despite criticism, he maintained the significance of the military's role in national security.
'A' plus plus plus grade: Trump praises Pete Hegseth's performance
President Trump has endorsed Secretary of War Pete Hegseth during his defense against impeachment initiated by Thomas Massie. Hegseth faces charges related to military operations in Iran, Yemen, and Venezuela which some lawmakers say violate the Constitution. His strong rebuttal emphasizes legality and stress over political motivations behind the impeachment resolution. The House is set to examine these allegations further, with proceedings currently underway.
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Most Americans want new Democratic Congress to end Trump's Iran war, Reuters/Ipsos poll finds
A new Reuters/Ipsos poll reveals that many Americans desire Congress to end the war with Iran. Support for repealing tariffs imposed by the Trump administration is also significant among respondents. Both Democrats and Republicans expressed a need for bipartisan cooperation on addressing cost of living issues. Concerns about potential impeachment proceedings against Trump were also noted among poll participants.
How Israel's new parliament can make Netanyahu's life difficult
Gadi Eisenkot, a former military chief seeking to move Israel to the centre, was given the mandate Sunday by President Isaac Herzog to form a new government, a complicated task as neither he nor Netanyahu command a majority.
US: Senate advances sweeping energy legislation in first major action since midterm elections
The Senate voted 73-25 to formally take up the bill, which senators and the president have pushed as a way to meet growing demand for electricity and other forms of energy that now face yearslong delays in getting to the grid.
Voters demanded economic relief. Trump and Democrats face tough choices on how to deliver
Voters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond to the economic challenges revealed by recent election outcomes. The Federal Reserve may gain independence to curtail inflation as Trump and Democrats grapple for control. Efforts to secure Social Security funding are urgent as benefits become jeopardized after 2032.
Iran war backfires on Donald Trump? US president acknowledges conflict hurt Republicans as Democrats win midterm elections
Donald Trump Iran war: The US president has acknowledged that the Iran war and rising gasoline prices contributed to Republican losses in the US midterm elections. With Democrats taking control of both chambers of Congress, the president faces tougher political challenges, while Democratic leaders prepare to push healthcare priorities and increase scrutiny of his administration.
Trump could woo North Korea after midterm setback, but Kim may not respond
Following an unfavorable midterm election, Trump may pivot towards foreign policy engagement with North Korea, as analysts suggest this could fortify his legacy. Nevertheless, the North seems disinclined to reciprocate Trump's overtures, and regional partners, including South Korea and Japan, are apprehensive about being excluded from talks with Kim Jong Un. The intricate dynamics of the situation are likely to hinder productive discussions moving forward.
In a divided world, COP31 aims for agreement on electrification
COP31, kicking off November 9 in Antalya, Turkey, is all set to spotlight the global push for electrification. With a target to raise electricity's contribution to final energy demand to 35% by 2035, nations are keenly examining how electrification can effectively curb fossil fuel use.
Why anti-Trump Republican Thomas Massie wants Pete Hegseth impeached; what the defense secretary can do to avoid the situation
Rep. Thomas Massie plans to push for the impeachment of Defense Secretary Pete Hegseth when Congress reconvenes. Massie outlined allegations against Hegseth, including abuse of power and unauthorized military actions. He suggests that Hegseth's resignation would halt the impeachment process entirely. The Pentagon has expressed support for Hegseth, affirming his leadership and commitment. A House vote would occur if Massie proceeds with the impeachment articles.
Trump’s pain makes D-Street bulls gain! IndiGo, Asian Paints, other crude-sensitive stocks rally up to 8% as oil drops below $95
Paint makers, airlines, tyre companies and OMCs rallied as crude oil prices plunged nearly 10%, falling below $95 a barrel. Lower oil prices raised hopes of easing input and fuel costs, while Trump's midterm setback added to the positive market sentiment.
Democrats vow bill to end Iran war after midterm sweep
Democrats are preparing to end the US military involvement in Iran and address rising tariffs. They aim to restore Affordable Care Act tax credits and lower costs of living for Americans. The new Congress will initiate investigations into the Trump administration, utilizing enhanced oversight powers. Both parties are aware of the impact of the midterm election results on future policies.
Trump's midterm defeat dims hopes of North Korea meeting
A meeting between Donald Trump and Kim Jong Un seems less likely following Trump's midterm election defeat. Analysts believe Kim has less incentive to engage with Trump in the current political environment. North Korea's leadership expresses reluctance to resume dialogue, citing distrust toward the US government. The ongoing nuclear ambitions of North Korea add complexity to potential negotiations between the two leaders.
Democrats' US midterm sweep may give India more room to negotiate a balanced trade deal with Trump
Democrats' takeover of both chambers of the US Congress could ease pressure on India in trade negotiations with the Trump administration, experts said. Greater Congressional scrutiny of tariffs may create opportunities for Indian exporters, although the existing 18% tariff is unlikely to change immediately and the bilateral trade agreement could face delays.
Oil Price Today (November 5): Crude oil falls below $94 after 9% plunge on Wednesday after midterm results. More downside ahead?
Crude oil price : Crude oil prices have dropped significantly following the Democratic victory in the recent US midterm elections. This political shift has raised hopes for a possible negotiated settlement of the conflict in Iran. Goldman Sachs predicts potential price increases for oil if production issues persist in the Gulf region. Analysts face uncertainty in forecasting the future of the ongoing war and its impact on oil prices.
US Midterm Elections History: From 1866 to 1994 to 2018 – The polls that changed the course of American presidential power
The 2026 midterm elections have led to a significant shift in power dynamics within Congress. Democrats have secured control of both the House of Representatives and the Senate during this election. This change means increased scrutiny of the Trump administration and potential challenges to its legislative agenda. Historical precedents show how midterm elections reshape presidential power and influence national policy debates.
US Midterm Elections 2026: Democrats usher in a new era with their resounding sweep of the House and the Senate
In a nationwide romp, Democrats ousted Republicans from coast to coast, with many surprising places in between, as voters rejected the president's party for the promise of something different for the country. Their majorities will be padded by wide margins in both the House and the Senate.
Russian attacks disrupt power in Kyiv, while the death toll in a stricken village rises to 40
Russian attacks disrupted power and water supplies in Kyiv and surrounding areas, while Ukraine reported a rising death toll from a strike on a village in Zaporizhzhia. President Volodymyr Zelenskyy said 40 people had been killed in Komyshuvakha, with dozens more feared buried under rubble. Meanwhile, diplomatic talks on postwar security and reconstruction were planned in Brussels.
Strong balance sheet, domestic focus, and a moat matter more: 5 large-cap stocks with upside potential of up to 24%
The big event the market was waiting for has come and gone. So, is there greater clarity about where the crisis in the Gulf is headed? Not really. While US President Trump acknowledged the war was one of the reasons his Republican party received a drubbing at the hands of the Democrats, he said he would do it again. Which suggests it is unlikely that the uncertainty and volatility in the markets will go away anytime soon.
US midterm election results: What happens next as Democrats take over of Congress
With Democrats now in control of both chambers of Congress, they are gearing up for a strategic offensive against Donald Trump. Their newfound Senate majority gives them the power to challenge Trump's nominees and shape important legislation, promising a dynamic political landscape ahead.
US midterm election results: What Trump & Republicans' loss means for India
US midterms result: Indian industry and economy watchers were keenly looking at the polls to try and find out what direction US policy will take. In recent months, India's trade/export fortunes have swayed in lockstep with Trump's tantrums, making policymakers jittery over any new development in the US.
Global Market Today: Asian shares retreat as US futures slide on mid-term election bets
Contracts for the S&P 500 Index dropped 0.3%, erasing an initial gain of 0.5%, while those for the Nasdaq 100 declined 0.6%. The dollar dropped against most of its Group-of-10 peers and the yield on the benchmark 10-year Treasury note fell four basis points to 4.92%. The MSCI Asia Pacific Index dropped 0.2% even as South Korea’s Kospi Index jumped 1%.
Death toll hits 31 after Russian strike on Ukrainian aid site, with dozens still missing
A devastating Russian strike on a humanitarian aid gathering in Komyushuvakha has resulted in a tragic death toll of 31, with many residents still unaccounted for, prompting relentless search operations by rescuers and volunteers. Additionally, multiple overnight assaults targeted power facilities, causing extensive destruction and widespread electricity outages throughout Ukraine.
Colombia bombing leaves four dead, including a baby
A truck bomb exploded near a military base in Planadas, Colombia, resulting in four fatalities including a two-month-old baby. The attack, which wounded at least 17 people, occurred as President Abelardo de la Espriella intensified military actions against guerrilla groups. Officials attributed the bombing to a faction of the FARC guerrilla army that rejected the peace accord.
Oil Price Today (November 3): Crude oil rebounds to $105 as fresh attacks outweigh peace talks. What are experts saying?
Crude oil price : Oil prices experienced a slight increase following reports of a US strike on Iran's Qeshm Island. Concerns have risen regarding the potential escalation of the ongoing conflict in the Middle East. Goldman Sachs has revised its oil price forecasts upward, contemplating a possible future increase to $140 per barrel. Meanwhile, Tehran continues discussions with the US to seek peace despite ongoing military tensions.
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