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☆ Citi's Mithra Warrier: There's been a lot of private investment opportunity in both tech and biotech
▼ + stars: | 2024-05-08 | 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 EmailCiti's Mithra Warrier: There's been a lot of private investment opportunity in both tech and biotechCiti North America Head of Capital Introduction Mithra Warrier joins 'Closing Bell' to discuss finding opportunities in hedge funds.

Persons: There's, Warrier Organizations: Citi North America Head

☆ Family offices are looking beyond the stock market for higher returns, new report finds
▼ + stars: | 2024-04-29 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

The family offices covered by the survey had 26% of their assets invested in publicly traded stocks. The study surveyed 190 single family offices around the world, with an average of $1.4 billion in assets. In the U.S., only 49% of family offices have a long-term target return for their portfolio. Still, family offices use various benchmarks for their investment portfolios, with more than three-quarters of those surveyed using some benchmark to evaluate performance. Increasingly, family offices are looking to outsource more functions to reduce costs, especially among smaller family offices of under $500 million.

Persons: William Sinclair, Sinclair, cybersecurity, Robert Frank Organizations: JPMorgan Private Bank Global, Family, JPMorgan Private Bank, JPMorgan Locations: U.S

☆ Personal CEO calls and $1 million pay packages: How tech companies recruit top AI talent amid a 'gold rush'
▼ + stars: | 2024-04-26 | by ( Kali Hays | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

On top of that, she added that tech companies will give people in AI-related jobs bonuses for performance and plenty of equity compensation. About half of the people came from Big Tech companies. Gill said the new Kognitos hires who haven't come from Big Tech have jumped ship from other startups. Some AI talent are even striking it out on their own to start their own companies. He left his tech job to form an AI startup after seeing another large fundraise from another new AI company.

Persons: —, Sam Altman, Altman, Mark Zuckerberg, Dan Portillo, Goldman Sachs, Jaclyn Rice Nelson, Nelson, that's, Claude chatbot that's, Binny Gill, Kognitos, Gill, he's, haven't, David Steinberg, Steinberg, AI's Nelson, There's, Greg Selker, Stanton Chase, Selker, hemming, hawing Organizations: Service, Business, Meta, Sweat Equity Ventures, OpenAI, Big Tech, Zeta Global Locations: Anthropic, ChatGPT

☆ ‘Cabs to get into space’: How this Indian startup wants to revolutionize satellite space travel
▼ + stars: | 2024-04-23 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

But its private sector has played a limited role in space exploration, acting mostly as suppliers and vendors for its national space agency, the Indian Space Research Organization (ISRO). “Very few companies globally are able to make it to orbit yet.”Pawan Chandana, the co-founder of Skyroot Aerospace Skyroot Aerospace Pvt. As Indian space startups mature over the coming years, he expects the government to become a customer, enabling further growth. Many private space companies source income from governments, including Space X, which has raked in billions of dollars from US government contracts. In November 2022, Skyroot Aerospace launched India's first privately built rocket, Vikram-S. Skyroot Aerospace Pvt.

Persons: Vikram, ” Pawan Chandana, “, Pawan Chandana, Narendra Modi, ”, Susmita Mohanty, Skyroot, Chandana, ridesharing, Kari Bingen, Modi, Mohanty Organizations: CNN, Indian Space Research Organization, ISRO, Elon, SpaceX, Skyroot Aerospace, Skyroot Aerospace Skyroot Aerospace, . Ltd, McKinsey & Company, Economic, ’, LEO —, Vikram Sarabhai, Aerospace Security, Center for Strategic, International Studies, Deloitte, India’s, NASA Locations: India, United States, Hyderabad, Thiruvananthapuram, Singapore

☆ Eco-friendly data centers help drive $6.3 billion of green investment in Southeast Asia, but report shows more needed
▼ + stars: | 2024-04-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

The analysis, conducted by Bain & Company, GenZero, Standard Chartered and Temasek, found that $6.3 billion of green investments flowed into the region, representing a 21% year-on-year increase. Last year, Malaysia attracted large-scale green financing of over $500 million for at least two data centers, according to the Monday report. watch nowThe move came after the Singaporean government unveiled a sustainability standard for data centers operating in tropical climates. Despite these efforts, Singapore's overall green investments fell in 2023 to $0.9 billion from $1.2 billion a year prior. Green investment towards power in the region fell by 14% year-over-year for the second year in a row.

Persons: Singapore —, Kimberly Tan, GenZero's Tan Organizations: Istock, Getty, Bain & Company, GenZero, Chartered, International Energy Agency, Singapore Locations: Asia, Temasek, Malaysia, Singapore

☆ Fashion designer Roberto Cavalli, renowned for fierce animal prints and riviera chic, dies at 83
▼ + stars: | 2024-04-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +5 min

CNN —Roberto Cavalli, the Italian fashion designer who made his mark on the fashion world with distinctive, glamorous animal prints, has died at the age of 83. Roberto Cavalli walks the runway after a fashion show showcasing his label's designs in Budva, Montenegro on June 10, 2013. Along with animal prints and intarsia leather, denim became a core element of his signature style, leading to the establishment of a more youthful offshoot brand, Just Cavalli, in 1998. Flanked by models in quintessential Cavalli florals and animal prints, Roberto Cavalli takes his bow after his label's Spring-Summer 2015 menswear show at Milan Fashion Week on June 24, 2014. “Dear Roberto, you may not be physically here with us anymore but I know I will feel your spirit with me always.

Persons: CNN — Roberto Cavalli, ” Roberto Cavalli, Francois Guillot, Roberto Cavalli’s, ” Cavalli, Giuseppe Rossi, Cavalli, Pierre Cardin, ” ’ Cavalli, ”, Roberto Cavalli, Savo Prelevic, Eva Maria Düringer, Düringer, Miss Austria, — Cavalli, —, Sandra Nilsson, animalism, Daniele Venturelli, Peter Dundas, Dundas, Paul Surridge, Fausto Puglisi, Puglisi, “, Roberto, ” Puglisi Organizations: CNN, Milan, Getty, Florence’s Academy of Art, Miss, Oxford University, Metropolitan Museum of Art Locations: AFP, Florence, Hermès, Paris, Milan, Saint, Budva, Montenegro, Austrian, New York, Dubai

☆ Popular YouTube channel Dude Perfect scores more than $100 million investment
▼ + stars: | 2024-04-09 | by ( Zach Vallese | ) www.cnbc.com time to read: +2 min

Popular YouTube group Dude Perfect, which first rose to popularity for its basketball trick shots, has secured a significant nine-figure investment, in the range of $100 million to $300 million, from private investment firm Highmount Capital. Dude Perfect has five members – Coby Cotton, Cory Cotton, Tyler Toney, Garret Hilbert and Cody Jones. The Dude Perfect YouTube channel has over 60 million subscribers with over 17 billion views. Dude Perfect is more than just a YouTube channel. The Dude Perfect team has become adept at family-friendly entertainment, which has been key in attracting more advertisers on YouTube.

Persons: Coby Cotton, We're, we've, – Coby Cotton, Cory Cotton, Tyler Toney, Garret Hilbert, Cody Jones, it's, Jason Illian, Dude, Cotton Organizations: Highmount Capital, Texas, M University, YouTube, Social, Walmart Locations: Frisco , Texas, Smoothie

☆ Dude Perfect on new $100M+ investment: Want to bring experiences to viewers in person
▼ + stars: | 2024-04-09 | 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 EmailDude Perfect on new $100M+ investment: Want to bring experiences to viewers in personDude Perfect and Jason Illian, Highmount Capital co-founder and general partner, join 'Squawk Box' to discuss the group's $100+ million investment from private investment firm Highmount Capital, the group's expansion beyond YouTube into other ventures, the group's origin story, and more.

Persons: Jason Illian Organizations: Highmount

☆ Don't write off China: Why one economist says the nation is likely to grow at double the rate of the US in coming years
▼ + stars: | 2024-04-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

China will grow at double the US rate in coming years, Nicholas R. Lardy wrote for Foreign Affairs. China's nominal GDP will surpass the US's in a decade as the yuan appreciates, Lardy said. In that case, China's GDP outpaced the US, with each country expanding 5.2% and 2.5%, respectively. That depressed China's yuan, eroding the value of its GDP when measured in dollars. "When real estate is excluded, private investment rose by almost ten percent in 2023. "

Persons: Nicholas R, Lardy, —, it's Organizations: Foreign Affairs, Service, Peterson Institute Locations: China, United States, Washington

☆ The battle over Disney’s future is about to be decided in a high stakes board vote
▼ + stars: | 2024-04-02 | by ( Hadas Gold | Samantha Delouya | ) edition.cnn.com time to read: +8 min

Two competing slates of board seats are now up for a vote against Disney’s. Peltz has criticized Disney’s recent theatrical flops and said the company should reach “Netflix-like margins” with its Disney+ streaming service, among other issues. If Peltz is successful, he and Rasulo could gain up to two seats on the board, displacing Disney’s picks. More than 35% of Disney’s shares are held by these individuals, who could seriously sway the vote. The influential advisory firms Institutional Shareholder Service and Egan-Jones have also thrown their support behind Peltz for at least one seat on the board.

Persons: Nelson Peltz, Jay Rasulo, Peltz, Ike Perlmutter, Bob Iger, ” Barton Crockett, Disney, ” Trian, Rasulo, Iger, Bob Chapek, Peltz —, —, It’s, ” Peltz, Perlmutter, ”, “ They’ve, ’ ” Crockett, Anna, Elsa, Ludwig Von Drake, “ Disney, George Lucas, Jamie Dimon, Michael Eisner, Laurene Powell Jobs, Abigail E, they’ve, ” Jessica Reif Ehrlich, “ Nelson Peltz, Neuberger Berman, Egan, Jones, ” Crocket, CNN’s Liam Reilly, Krystal Hur Organizations: CNN, Disney, Magic Kingdom, Disney’s, Trian Fund Management, Blackwells, Marvel, Netflix, Rosenblatt Securities, ESPN, ABC, Google, JPMorgan Chase, BofA Securities, California, Service Locations: Trian

☆ The next phase of AI is here — and it's not looking pretty
▼ + stars: | 2024-03-26 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AI companies run into hurdlesOne of the more eye-opening developments of this new phase came last week from a barely two-year-old OpenAI rival named Inflection AI. Related storiesIt has quickly become apparent that Inflection AI wasn't the only one struggling, however. Stability's Mostaque, meanwhile, seems to have conceded that Big Tech companies wield unassailable power in AI. In a post on X, he said that centralized AI was not going to be beaten with "more centralized AI". Not going to beat centralized AI with more centralized AI.

Persons: —, Bill Gates, Mustafa Suleyman, DeepMind, Suleyman, Reid Hoffman, Gates, Eric Schmidt, Emad Mostaque, Googlers —, Ali Barr, Pi, Cohere, Stability's Mostaque, ike C oatue Organizations: Service, Nasdaq, Business, Big Tech, Microsoft, Nvidia

☆ 3 ways Russia's war-time economy is set to weaken after a surprisingly strong 2023
▼ + stars: | 2024-03-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Read previewRussia's economy is set to weaken this year, according to researchers from Finland's central bank. Russia won't be able to maintain the surprisingly strong growth it saw, the Bank of Finland's Institute for Emerging Economies said in a recent report. That's a stark contrast from what Russia saw last year, with its economy growing 3.6%, according to Russia's federal statistics service. Russia's long-term potential growth rate, in particular, has been reduced by the shift to a wartime economy," the report said. AdvertisementThe report pointed to three areas of the Russian economy that could take a hit.

Persons: — Organizations: Service, Bank of Finland's Institute, Emerging Economies, Business, Russia, Ukraine, United Nations, Russian Academy of Science's Institute of Economics Locations: Russia, Russian, Ukraine, Moscow

☆ Climate crisis: You don’t have to admit there’s one to be fighting climate change
▼ + stars: | 2024-03-23 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +16 min

The climate crisis ends up touching on all of those issues, as CNN’s chief climate correspondent Bill Weir told me. Removing politics from climate changeWOLF: It’s interesting to hear you say that about Texas, because the governor and the Republican-dominated legislature there would seemingly be opposed to doing anything specifically because of climate change. Joe Biden has tried to make the argument that addressing climate change should be an economic boom. It seems clear that we’re going to burst through the 2-degree tipping point that had been previously suggested as the tipping point for climate change. What that means for marine ecosystems and coral reefs, which are the cradles of life in the oceans, and what it means for the power of storms as we head into hurricane season has scientists really, really worried.

Persons: Bill Weir, ”, Weir, You’re, WEIR, don’t, Syd Kitson, It’s, Hurricane Ian, CNN WEIR, Hurricane Maria, they’ve, it’s, It’ll, Joe Biden, Donald Trump, Matt Yglesias, WOLF, I’ve, we’ve, We’ve, Kena Betancur, they’re, There’s Organizations: CNN, NFL, Hurricane, Babcock, Buffalo, UN, Republican, Act, Citi Bikes, Getty, Greyhound Locations: Hope, Massachusetts, Salisbury , Massachusetts, New Hampshire, Florida, America, , Florida, Puerto Rico, Buffalo, Puerto Rican, Niagara Falls, Texas, Alaska, United States, Portland , Maine, Portland , Oregon, Central America, Charleston, South Carolina, New York City, Dallas, Chicago, New York, AFP

In an AP-NORC poll conducted in February, 38% of U.S. adults approved of how Biden was handling his job. Black adults are more likely than white and Hispanic adults to approve of Biden, but that approval has dropped in the three years since Biden took office. This is stuff that requires work,” Quentin Fulks, principal deputy campaign manager for the Biden campaign, said in an interview. Still, the Biden campaign and the broader Democratic Party are confronting their own struggles, despite their cash and organizational advantages. And in Nevada, Biden will continue promoting a new housing proposal that would offer a mortgage relief credit for first-time homebuyers and a seller's tax credit to encourage homeowners to offload their starter homes.

Persons: Joe Biden, Harris, Biden, Donald Trump, They're, Trump, Jill Biden, ” Quentin Fulks, “, ”, Maria Cardona, White, Lael Brainard, Sen, Catherine Cortez Masto, —, ” Cortez Masto, Linley Sanders, biden Organizations: WASHINGTON, Democratic, Biden, Asian American, Bilingual, GOP, Republican National, Trump, RNC, Trump's, Democratic Party, AP VoteCast, ”, White, National Economic Council, Republican, Associated Press Locations: Nevada , Arizona, Texas, Reno , Nevada, Washoe County, Las Vegas, Phoenix, U.S, Arizona, Maryvale, Nevada and Arizona, Biden's State, Biden’s, Nevada , Pennsylvania, North Carolina, Wisconsin, In Arizona, Nevada, Dallas, Houston

☆ Personal pilot for billionaire Joe Lewis pleads guilty to insider trading scheme
▼ + stars: | 2024-02-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Damian Williams, U.S. Attorney for the Southern District of New York, speaks during a press conference in New York City, Sept. 22, 2023. A personal pilot for British billionaire investor Joe Lewis pleaded guilty Monday to securities fraud related to the same insider trading scheme that Lewis admitted guilt in a month ago, federal prosecutors in New York said. The pilot, Patrick O'Connor, on multiple occasions, received material, nonpublic information about companies from Lewis that O'Connor then used to trade in shares of those firms, prosecutors said. Lewis is the principal owner of the Tavistock Group, a private investment firm, and controlled one or more board of director seats at companies in which he shared nonpublic information with O'Connor that the pilot then traded on, prosecutors said. Lewis, through a family trust, formerly controlled a majority ownership stake in the English Premier League soccer team Tottenham Hotspur.

Persons: Damian Williams, Joe Lewis, Lewis, Patrick O'Connor, O'Connor, Mirati Organizations: Attorney, Southern, of, Tavistock Group, English Premier League soccer, Tottenham Hotspur, Mirati Therapeutics, Manhattan U.S, Attorney's Locations: U.S, of New York, New York City, New York

☆ Economists are the most skeptical they've been since 2022 about a recession striking
▼ + stars: | 2024-02-23 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

Economists place the odds of a recession this year at around 40% — the lowest since January 2022, a new Bloomberg survey found. Respondents lifted their forecasts for GDP, consumer spending, private investment, and government expenditures compared to a survey last month. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a new Bloomberg survey, economists place the odds of a recession this year at around 40% — the lowest since January 2022. The respondents lifted their forecasts for GDP, consumer spending, private investment, and government expenditures compared to a survey last month.

Persons: — Organizations: Bloomberg, Service, Business

☆ These stocks are a way for regular investors to buy the private credit boom, Morgan Stanley says
▼ + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Private credit firms can help companies raise money more quickly and with more flexibility than traditional lenders. Many everyday investors can't buy into big private credit funds, but they can get exposure to the space through the stocks of some of the biggest private lenders. Hamilton still sees upside in buying private credit firms, especially one stock. "Our credit and insurance teams had a remarkable year in 2023, with gross returns of 16.4% in the private credit strategies and 13% in liquid credit. There are also private credit firms that trade outside of the U.S., for investors who are able to buy stocks in foreign markets.

Persons: Matthew Bass, Morgan Stanley, Bruce Hamilton, Hamilton, Blackstone, Jonathan Gray, Morgan Stanley's Organizations: Federal Reserve, Companies, Apollo Global Management, APO, KKR, Intermediate Capital Group Locations: Preqin, U.S

WASHINGTON (AP) — The Biden administration said Monday that the government intends to provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont. The announcement is the third award of direct financial support for a semiconductor company under the 2022 CHIPS and Science Act. The law enables the government to invest more than $52 billion to revitalize the manufacturing of computer chips in the United States as well as advance research and development. “The chips that GlobalFoundries will make in these new facilities are essential,” Commerce Secretary Gina Raimondo said on a call with reporters. But Democrats have stressed their efforts to ease inflation and the long-term investments that they say will drive growth forward, such as the investments in computer chip production and infrastructure.

Persons: —, Biden, Gina Raimondo, GlobalFoundries, Chuck Schume, ” Schumer, Joe Biden’s, Schumer, ” Organizations: WASHINGTON, ”, General Motors, Associated Press, White House Locations: New York, Vermont, United States, Malta , New York, Malta, Burlington , Vermont, U.S, China, Russia

☆ Brazil Retail Billionaire Abilio Diniz Dies at 87
▼ + stars: | 2024-02-18 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BRASILIA (Reuters) - Brazilian billionaire Abilio Diniz, who built an empire in the supermarket retail sector, died on Sunday in Sao Paulo, according to his press office. The 87-year-old had been hospitalized at the Albert Einstein Hospital and suffered respiratory failure due to pneumonitis, his press office said in a statement. Diniz played a pivotal role in the history of Brazilian retail, serving most recently as vice-chairman of Carrefour Brasil and as a board member of the French group Carrefour. Diniz remained with the company he founded until 2013, when he took over as chairman of Brazilian food processor BRF, where he served for five years. Photos You Should See View All 33 ImagesIn 2014, Diniz acquired a stake in Carrefour Brasil through his private investment company Peninsula.

Persons: Abilio Diniz, Diniz, Pao de, Marcela Ayres, Chris Reese Organizations: Reuters, Albert Einstein Hospital, Carrefour Brasil, Carrefour, Forbes Locations: BRASILIA, Sao Paulo, French, Carrefour Brasil

Cornish, a professor at Ohio State University who studies rubber alternatives, isn't the only one pouring energy into alternative crops like that desert shrub, guayule, or the rubber dandelions that bloom with yellow petals in the greenhouse where Cornish works. And in Nebraska and other parts of the central U.S., green grasses of sorghum spring up, waving with reddish clusters of grains. Instead, they're crops that many companies, philanthropic organizations and national and international entities tout as promising alternatives to fight climate change. Most rubber processing happens overseas, and the U.S. isn't prepared to process rubber domestically. That's why specialty markets will be critical if these crops have any hope of taking off here, Cornish said.

Persons: Katrina Cornish, guayule, isn't, Cornish, Nate Blum, Blum, James Gerber, Gerber, there's, It’s, ”, Tesla, Guayule, Bill Niaura, “ You’re, Curt Covington, Covington, Joshua A . Bickel, Ross D, Franklin, Melina Walling Organizations: Ohio State University, Bridgestone, U.S, Agriculture Organization, AgAmerica, Farmers, Associated Press Locations: United States, Arizona, Nebraska, U.S, India, Saharan Africa, South Asia, Americas, Colorado, Wooster , Ohio, Eloy , Arizona, AP.org

☆ Family offices are going on the offensive, trading cash for alternative assets
▼ + stars: | 2024-02-16 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

KKR's family office survey of 75 chief investment officers around the world found that family offices had 52% of their portfolios invested in alternative investments in 2023, up from 42% in 2022. Family offices also have a special advantage in the current market, since banks and more traditional lenders are pulling back on loans to companies. Family offices plan to continue to move capital from cash and stocks into alternatives this year, according to the survey. The report said family offices are concentrating on data centers, logistics and warehouses "that capture the important post-pandemic investment themes." Another sector family offices like right now: oil and gas, in both private and public markets.

Persons: Robert Frank Organizations: KKR, CNBC PRO

BANGKOK (AP) — Shares advanced in Asia on Friday, with Tokyo's benchmark Nikkei 225 index trading near a record high, 35 years after it peaked and then plunged with the collapse of Japan's financial bubble. U.S. futures were lower after stocks on Wall Street set a fresh record following some mixed reports on the economy. It has been hovering just below the record high of 38,915.87 that it set on Dec. 29, 1989, right before a plunge in share and property prices ushered in an era of slower, faltering growth. Taiwan's Taiex edged 0.2% lower a day after breaching a record high of 18,644.57 as major market mover TSMC, the world's biggest computer chip maker, surged nearly 8%. On Thursday, the S&P 500 rose 0.6% to 5,029.73, squeaking past its all-time high set last week.

Persons: Australia's, Shack, Wells Organizations: —, Nikkei, Nvidia, Dow Jones Industrial, Nasdaq, U.S, Treasury, Federal Reserve, Fed, CBRE, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong, Seoul, India, Wall

Nvidia CEO Jensen Huang speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023. Nvidia shares are up more than 200% over the past 12 months due to seemingly limitless demand for its AI chips, which underpin powerful AI models from Google, Amazon, OpenAI and others. TuSimple, an autonomous trucking company, rocketed 40% on Thursday after the disclosure of Nvidia's $3 million stake. Nvidia bought $50 million worth of shares in 2023 and now has an investment worth $76 million, according to its filing. In recent years, Nvidia has backed hot AI startups including Cohere, Hugging Face, CoreWeave and Perplexity.

Persons: Jensen Huang, SoundHound, TuSimple, what's, Nvidia's, they're, Jonathan Cohen Organizations: Nvidia, Investors, Apple, Microsoft, Google, Zebra, Nasdaq, Committee Locations: Taipei, U.S, SoundHound, TuSimple

☆ Red states are big winners of Biden’s landmark laws
▼ + stars: | 2024-02-14 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Fitch defined red states as those that voted for former President Donald Trump in 2020 by more than three percentage points. “The reality is manufacturing was migrating to those states even before the CHIPS Act and the IRA. Relative to the size of their state economies, Arizona, Idaho and West Virginia are the biggest winners from the IRA and CHIPS Act investments, according to Fitch. New York leads blue state winnersNone of this is to say blue states aren’t benefiting from the IRA and the CHIPS Act. Micron cited the tax credits in the CHIPS Act as well as incentives provided by New York state aimed at luring semiconductor companies.

Persons: Joe Biden, Biden, Fitch, Donald Trump, Olu Sonola, Sonola, ‘, ” Natalie Quillian, “, ”, Lauren Boebert, Quillian Organizations: New, New York CNN, Redwood Materials, Redwood, America’s, IRA, Republican, CNN, Fitch, Trump, Micron, White House, White, Lonestar, Samsung, Intel, IBM, Central, “, CS, Colorado Republican Locations: New York, South Carolina, Arizona, Georgia, Nevada , North Carolina , Michigan, Pennsylvania, Wisconsin, Idaho, Boise, America, Texas, Taylor , Texas, Austin, Russia, Canada, Arizona , Idaho, West Virginia, Chandler , Arizona, “ Arizona, . New York, Hudson Valley, Central New York, “ New York, Colorado, Pueblo , Colorado

☆ India is the new Asia growth story. Here’s why investors are bullish on the outlook
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.

Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, —, Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares

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