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Companies are leaning into opportunity in China
  + stars: | 2024-05-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCompanies are leaning into opportunity in ChinaCNBC's Seema Mody joins 'Money Movers' with the latest on companies jumping on opportunities in China.
Persons: Seema Mody Organizations: Companies Locations: China
The advent of artificial intelligence has sent demand for data centers skyrocketing, along with industrial components to keep all the AI chips from overheating. "The key for chipmakers with AI ambitions is keeping data centers cool," Melius Research analyst Jake Levinson told CNBC. Levinson said cooling technologies manufacturers Carrier Global , Trane Technologies and Johnson Controls are all seeing higher demand for HVACs. Then there are the companies that create the infrastructure used to regulate temperature – from Parker-Hannafin's fluid connectors to Dover's industrial-style pumps used in liquid cooling. "We're having to challenge ourselves and how we support that capacity growth," CEO Scott Strazik told CNBC after the company posted first-quarter earnings last month.
Persons: Jake Levinson, Levinson, DOV, Stephen Volkmann, Volkmann, Scott Strazik, He's, I've, we've Organizations: CNBC, Carrier Global, Trane Technologies, Johnson, Jefferies, Caterpillar, Cummins, GE Vernova, GE Locations: Parker
Aerial view of the Viking Jupiter cruise ship anchored in the port of Montevideo, on January 5, 2022. Viking is not your typical cruise operator. In fact, the cruise line doesn't hide the fact that it is going after the high-income baby boomer. The luxury cruise line was targeting a $10.4 billion valuation in its initial public offering on the New York Stock Exchange on Wednesday, making it the third-largest cruise operator after Royal Caribbean and Carnival . Norwegian Cruise Line is the fourth largest.
Persons: Torstein Hagen Organizations: Viking Holdings, Viking, CNBC, New York Stock Exchange, Royal, Cruise Locations: Montevideo
Here are the AI industrial names powering Big Tech
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere are the AI industrial names powering Big TechCNBC's Seema Mody joins 'Power Lunch' with the latest on AI plays in the tech space.
Persons: Seema Mody Organizations: Big
The Week Ahead: April 19, 2024
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Week Ahead: April 19, 2024CNBC's Seema Mody looks ahead to what are likely to be next week's top business and financial stories.
Persons: Seema Mody
The Week That Was: April 19, 2024
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Week That Was: April 19, 2024CNBC's Seema Mody looks ahead to what are likely to be next week's top business and financial stories.
Persons: Seema Mody
U.S. tech CEOs give India PM Modi boost ahead of election
  + stars: | 2024-04-18 | by ( Seema Mody | ) www.cnbc.com   time to read: +2 min
The ironclad relationship that India Prime Minister Narendra Modi has developed with CEOs of the largest U.S. tech companies is giving his nation the foreign support that India has craved for more than a decade. The promise of further economic growth in India as China's economy slows has led many American CEOs to support Modi's policies. Ahead of the election, Apple's expansion into India in particular has given Modi political clout and created more investing interest among U.S. companies, experts told CNBC. Modi has established an ongoing dialogue with a range of powerful Silicon Valley CEOs as India's national election starts. The election, which will end in early June, is expected to see more than 960 million citizens vote.
Persons: Sundar Pichai, Tim Cook, Narendra Modi, Manjari Chatterjee Miller, Modi, India's, , Pravin Krishna, Chung Ju Yung Organizations: Apple, Washington , D.C, India, Indian, CNBC, Council, Foreign Relations, Johns Hopkins University, Bharatiya Janata Party Locations: Washington ,, India, Washington, Beijing, Pakistan, South Asia, Modi's
India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.
Persons: , Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine
Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.
Persons: Chanelle, Hayley Berg, ” Ms, Berg, , Robert W, Mann Jr, , Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, , ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, , airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, , , MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico
“Likely, when we close our eyes and think of a small space, it’s white walls, no lighting and bad storage,” said Nate Berkus. Mr. Berkus, the celebrity interior designer, was standing in a bright, cabinet-outfitted bathroom that he designed for Apartment Therapy’s “Small/Cool NYC,” a pop-up exhibition in Sunset Park, Brooklyn. The event, which is running on consecutive weekends this month and will conclude on Sunday, Oct. 29, is halfway between a showhouse and a showroom. More than a dozen 10-by-12-foot room schemes — imagined by creators as fresh as Maitri Mody, a fashion influencer who posts on Instagram under the name Honey I Dressed the Pug, and as seasoned as the talk-show host and domestic strategist Drew Barrymore — offer tips for loosening up tight quarters. Visitors can steal ideas like Ms. Mody’s choice of fruit-and-vegetable-shaped hardware on sherbet-colored kitchen cabinets or they can shop the settings using QR codes.
Persons: , , Nate Berkus, Berkus, Drew Barrymore Locations: Sunset Park , Brooklyn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott plans to add 230-270K rooms over the next three yearsMarriott CEO Tony Capuano joins Seema Mody on Power Lunch to discuss the state of the consumer on the company's analyst day.
Persons: Tony Capuano, Seema Mody Organizations: Marriott
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailForeign direct investment in Mexico rises 40 percent year-over-yearCNBC's Seema Mody reports on increasing foreign investment into Mexico, as the Chinese economy continues to flash warning signs about slowing down.
Persons: Seema Mody Locations: Mexico
Airfare prices post monthly increase in August inflation report
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirfare prices post monthly increase in August inflation reportCNBC's Seema Mody joins 'Squawk on the Street' to break down where we stand on travel inflation following the August CPI report.
Persons: Seema Mody
CPI shows airfares bounced back in August
  + stars: | 2023-09-13 | by ( Seema Mody | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCPI shows airfares bounced back in AugustCNBC’s Seema Mody joins 'Power Lunch' to report on the travel numbers in the CPI report.
Persons: airfares, CNBC’s Seema Mody Organizations: CPI
Biden's meeting with PM Modi focused on defense and energy deals
  + stars: | 2023-09-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden's meeting with PM Modi focused on defense and energy dealsCNBC's Seema Mody joins 'The Exchange' to discuss President Biden meeting with India's Prime Minister Modi.
Persons: Modi, Seema Mody, Biden Organizations: India's
More companies selling debt amid tighter credit spread
  + stars: | 2023-09-07 | by ( Seema Mody | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMore companies selling debt amid tighter credit spreadCNBC's Seema Mody joins 'The Exchange' to report on the rise in corporate debt deals.
Persons: CNBC's Seema Mody
Tesla promises to equip Hilton Hotels with 20,000 EV chargers
  + stars: | 2023-09-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla promises to equip Hilton Hotels with 20,000 EV chargersCNBC's Seema Mody, joins 'Power Lunch' to discuss Telsa's plan to provide universal charging connectors to Hilton Hotels across America, expanding infrastructure for EV charging to meet adoption and pressure on the U.S. hotel market.
Persons: Tesla, Seema Mody Organizations: Hilton Hotels, EV, U.S Locations: America
Tesla plans to install 20,000 electric vehicle charging stations across 2,000 Hilton properties in the U.S., Mexico and Canada beginning next year, the companies said Thursday. For Tesla, the buildout of wall connectors is another way to increase mass adoption by offering more convenient charging locations. Schuyler says the availability of EV charging stations is playing a significant role in driving hotel bookings. 2 is EV charging. Hilton will work with its owners to identify properties alongside roadways and in other key urban locations that would make most sense for Tesla to install its charging stations.
Persons: Tesla, Matt Schuyler, Hilton's, Schuyler, Hilton, Gene Munster Organizations: Hilton, it's, EV, CNBC, APEC, Wall Street, Asset Management Locations: U.S, Mexico, Canada, Europe
3M is on the verge of ending the largest mass tort litigation in U.S. history, but it's still facing other expensive legal headaches. The company said Tuesday that it settled with roughly 250,000 plaintiffs in a $6.01 billion deal. Military veterans and service members alleged 3M manufactured defective earplugs that resulted in hearing loss. While news of the settlement relieves one big legal overhang, 3M is still awaiting approval of its $10.3 billion settlement with water utilities over drinking water contaminated with substances known as "forever chemicals." That settlement, which is facing pushback from more than 20 states, only covers a subset of liabilities and does not include a growing list of states that have sued 3M.
Persons: Bryan Aylstock Organizations: Military, CNBC, Capstone
3M nears multi-billion dollar settlement over earplug defect
  + stars: | 2023-08-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3M nears multi-billion dollar settlement over earplug defectCNBC's Seema Mody reports on news from 3M's allegedly defective combat earplugs and 'forever chemical' suit.
Persons: Seema Mody
This account of how Niger's coup unfolded is based on 15 interviews with Nigerien security officials, politicians, as well as current and former Western government officials. In his first address following the July 26 coup, Tiani said he had ousted the president for the good of the country. But in recent months, Bazoum had curtailed the size of the presidential guard, which was about 700-strong at the time of the coup, and started to scrutinize its budget. Issoufou was elected in 2011, a year after a previous military coup. Almost all the different branches of Niger's security apparatus had a member in the group, including the police, army, air force and presidential guard.
Persons: Emmanuel Macron, Mahamadou Issoufou, Regis, Mohamed Bazoum, Bazoum, Abdourahamane Tiani, Tiani, Keen, Issoufou, Spokespeople, swirled, Salifou Mody, Mody, Hassoumi Massaoudou, Amadou Abdramane, Ahmad Sidien, Moussa Aksar, David Lewis, David Gauthier, Michel Rose, Edward McAllister, Alexandra Zavis, David Clarke Organizations: Niger, REUTERS, Nigerien, Reuters, West African States, Reuters Graphics Reuters, Western, Niger Armed Forces, United Arab Emirates, National Guard, Thomson Locations: Sahel, French, Pau, France, NIAMEY, United States, Niamey, Diffa, Niger, Mali, Burkina Faso, Russia, West Africa, Tiani, Nairobi, Villars, Istanbul, Paris, Dakar
“I write this as a hostage,” Bazoum wrote in the Washington Post. Bazoum also cautioned that foreign aid makes up 40% of the national budget – and it would not be delivered if the coup succeeds. ‘Determined, optimistic’CNN has not been able to independently confirm the conditions under which Bazoum is being detained in his residence. Bazoum also warned of growing Russian influence in the Sahel region. “With an open invitation from the coup plotters and their regional allies, the entire central Sahel region could fall to Russian influence via the Wagner Group,” Bazoum wrote.
Persons: CNN —, Mohamed Bazoum, ” Bazoum, , , Bazoum, , , Idrissa Waziri, he’s, ” Waziri, Waziri, Abdourahamane Tiani, Tiani, he’d, Wagner, Russia’s Wagner, Salifou Mody, Joe Biden, Patrick Ryder, evacuates Organizations: CNN, Washington Post, Burkina, junta, Nigerien, Wagner, Pentagon, US Defense Department Locations: Washington, Niamey, United States, West, “ Niger, Niger, Europe, France, Mali, Burkina Faso, Sahel
It has taken its hardest line yet with Niger, saying it had to show that it "cannot only bark but can bite". One of the demonstrators in Niamey held a placard that said: "Long live Niger, Russia, Mali and Burkina. France has between 1,000 and 1,500 troops in Niger, helping to fight an Islamist insurgency that has spread across the region. INTERVENTION PLANWest African defence chiefs meeting in Nigeria were due to conclude their discussions about possible intervention in Niger, although they have said this would be a last resort. The goal of the two-day meeting was to draw up a plan for an eventual military intervention to restore constitutional order, according to a statement from Ivory Coast's National Security Council.
Persons: General Abdourahamane Tiani, Mohamed Bazoum, Tiani, Ivory, Salifou Mody, Joe Biden, Nigeriens, Camillus Eboh, Thiam Ndiaga, Tiemoko Diallo, Ange Aboa, Alessandra Prentice, Nellie Peyton, Alexander Winning, Emelia, Nick Macfie, Giles Elgood Organizations: REUTERS, West, Economic, West African States, EU, Reuters, Ivory Coast's National Security Council, ECOWAS, juntas, Nigerien, Islamic, Thomson Locations: Niamey, Niger, Mali, Burkina Faso, NIAMEY, ABUJA, West, Central Africa, Russia, Burkina, Down, France, Nigeria, Nigerian, West Africa, Guinea, Bissau, al Qaeda, Islamic State, Paris
CNN —General Salifou Mody, one of the Niger officers who seized power in a military coup last week, visited Mali on Wednesday, according to the Mali presidency, amid speculation of a possible interest in the Wagner mercenary group, which has a presence in the country. Mali’s transitional president, Assimi Goïta, hosted Mody and a large Nigerien military delegation on Wednesday, according to pictures and a statement posted on Facebook by the Mali presidency. Hundreds of Wagner contractors are stationed in Mali at the invitation of the country’s military junta, to quell an Islamist insurgency brewing in an area where the borders of Mali, Burkina Faso and Niger meet. Wagner chief Yevgeny Prigozhin last week celebrated the coup in the landlocked West African country, saying his private military company could also help with situations like the one unfolding in Niger. US officials have warned that the Russian mercenary group could now seek new opportunities in Niger.
Persons: Salifou Mody, Wagner, Assimi, Mody, Yevgeny Prigozhin, Bazoum, Matt Miller, Miller, , Burkina Faso’s, Niger’s, Mohamed Bazoum Organizations: CNN, Nigerien, Facebook, National Council for, , Wednesday ., Central African, Economic, West African States Locations: Niger, Mali, Burkina Faso, West, Western, France, Russian, , Africa, histed, Wednesday . Mali, Sudan, Central African Republic, Sahel, Burkina, Guinea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean CEO: Cruise bookings are substantially higher than pre-CovidRoyal Caribbean CEO Jason Liberty and CNBC's Seema Mody join 'The Exchange' to discuss the rebound in cruise line bookings, the value gap between cruises and land-based travel, and capitalizing on onboard spending habits.
Persons: Jason Liberty, CNBC's Seema Mody Organizations: Royal Caribbean, Covid Royal Locations: Covid Royal Caribbean
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