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☆ India’s economy and Modi, Ambani, Adani: The three men shaping the next economic superpower
▼ + stars: | 2024-05-07 | by ( Diksha Madhok | ) edition.cnn.com time to read: +13 min

Fellow billionaire Gautam Adani, founder of the Adani group, was also invited. Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology. As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades. Both Adani and Ambani have become key allies as the country embarks on this revolution. “India cannot grow rich before it becomes old on the back of a few big firms like Adani or Ambani,” he said.

Persons: Mukesh Ambani, Mark Zuckerberg, Bill Gates, Ivanka Trump, popstar Rihanna, David Blaine, Ambani, Gautam Adani, Jeff Bezos, ”, Rohit Lamba, Narendra Modi, — Modi, Adani, Noemi Cassanelli, ’, John D Rockefeller, Vanderbilt, James Crabtree, Modi, Guido Cozzi, Cozzi, Ambani’s, Dhirubhai, helms, Cantor Fitzgerald, Cantor, ’ Ambani, Amit Dave, Hindenburg’s, ferociously, ” Cantor, Modi’s, Prasanna Tantri, Crabtree, Lamba Organizations: New, New Delhi CNN —, Reliance Industries, Pennsylvania State University, Investors, Adani, CNN, Adani Realty, Frick, Astor, Carnegie, Samsung, Hyundai, World Bank . Coal, University of St, Adani Group, Reliance, Reliance Industry, Adani Enterprises, AEL “, Tata Group, Modi, India’s, Hindenburg, GQG Partners, Indian School of Business Locations: New Delhi, Gujarat, Davos, Coachella, Silicon Valley, India, China, Mumbai, Antilia, America, Asia, Britain, South Korea, Worth, United Kingdom, University of St Gallen, Switzerland, American

At stake is the role of a wide spectrum of players, from fintech firms to card companies and established banks. Walmart's Fintech startup One is now offering BNPL loans in Secaucus, New Jersey. Buy now, pay later has gained popularity with consumers for everyday items as well as larger purchases. A Capital One Walmart credit card sign is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Meanwhile, Walmart said last year when its lawsuit became public that it would soon announce a new credit card option with "meaningful benefits and rewards."

Persons: Joe Raedle, Goldman Sachs, Omer Ismail, Hugh Son, BNPL, Jason Mikula, Amazon's, Karma, John Furner, John David Rainey, Dot, " Rainey, Rainey, Morgan Stanley, Walmart's, Yichuan Cao Organizations: Walmart, Getty, CNBC, New Jersey Walmart, Apple, Electronics, Adobe Analytics, Bank of Walmart, Robinhood, Walmart U.S, Coastal Community Bank, Capital, PayPal Locations: Hallandale Beach , Florida, Bentonville , Arkansas, Manhattan, Secaucus , New Jersey, New Jersey, U.S, Mountain View , California, United States

☆ Canada’s gold heist: Inside one of the biggest thefts in the annals of crime
▼ + stars: | 2024-04-20 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +13 min

“One which we jokingly say belongs in a Netflix series.”A truck driver with a fraudulent waybill for a seafood shipment picks up the container. Instead of a load of farm-raised seafood, the truck driver pulled away from the loading dock with loot. “They needed people inside Air Canada to facilitate this theft,” Peel Regional Police Det. In its legal response to the Brink’s lawsuit, Air Canada has denied it was “careless” and its security lax. Canadian police had identified him as the truck driver early in the investigation but had not been able to locate him.

Persons: ”, Nishan Duraiappah, Nando Iannicca, Canada “, ” Duraiappah, ’ ” Patrick Brown, –, Mike Mavity, Mavity, couldn’t, “ We’re, ” Mavity, “, it’s, Brink’s, Eric, “ They’re, Nick Milinovich, Duraiappah, CNN’s Paula Newton, Fabiana Chaparro Organizations: CNN, Toronto Pearson International, Air Canada, ” Peel Regional Police, Netflix, Peel Regional Police, Peel, Canadian, CSI, Vancouver Bullion & Currency Exchange, Air, Police, ” Air Canada, Authorities, Alcohol, Tobacco, Firearms, Explosives, ” Police, Investigators, Court, Middle, Middle District of Pennsylvania, ” Peel Locations: Zurich, Switzerland, Canada, Pennsylvania, Florida, Georgia, Brampton, Toronto, Air Canada, United Kingdom, Dubai, India, Franklin County , Pennsylvania, Philadelphia, Middle District, Atlanta

☆ Elon Musk's wealth has crashed by $160 billion from its peak as Tesla's problems pile up
▼ + stars: | 2024-04-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The stock drop has fueled an estimated $160 billion decline in Elon Musk's net worth. AdvertisementTesla's mounting troubles have dealt a heavy blow to Elon Musk's net worth. However, Musk's net worth has plunged by about $160 billion since then to $178 billion at Tuesday's close. Musk's net worth has taken a big hit from the decline because his 13% stake in the automaker makes up a big chunk of his wealth. He topped the Bloomberg rich list with a $229 billion fortune in January, but his net worth has crashed by $51 billion, or 22%, since then.

Persons: —, Elon, Warren Buffett, LVMH's Bernard Arnault, Jeff Bezos, Meta's Mark Zuckerberg, Musk, He's, Zuckerberg, isn't Organizations: Service, Bloomberg, SpaceX, Buffett, Tesla, Twitter Locations: Elon Musk's

☆ VP Harris announces new requirements for how federal agencies use AI technology
▼ + stars: | 2024-03-28 | by ( Brian Fung | Sam Fossum | ) edition.cnn.com time to read: +5 min

On Thursday, Vice President Kamala Harris announced a set of new, binding requirements for US agencies intended to prevent AI from being used in discriminatory ways. Under the requirements taking effect on Dec. 1, agencies using AI tools will have to verify they do not endanger the rights and safety of the American people. The new policy from the Office of Management and Budget (OMB) also directs federal agencies to designate a chief AI officer to oversee how each agency uses the technology. She said the Biden administration intends for the policies to serve as a global model. Still, the new OMB policy marks the latest step by the Biden administration to shape the AI industry.

Persons: That’s, Biden, Kamala Harris, ” Harris, Shalanda Young, “, ” Young, ” Organizations: Washington CNN, Transportation, Administration, Management, Budget, “, Department of Homeland Security, Commerce Department, White House, Government, Office, OMB Locations: European Union, United States

☆ EU approves landmark AI law, leapfrogging US to regulate worrying new technology
▼ + stars: | 2024-03-13 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

CNN —European Union lawmakers gave final approval Wednesday to a landmark law governing artificial intelligence, leapfrogging the United States once again on the regulation of a critical and disruptive technology. The first-of-its-kind law is poised to reshape how businesses and organizations in Europe use AI for everything from health care decisions to policing. It imposes blanket bans on some “unacceptable” uses of the technology while enacting stiff guardrails for other applications deemed “high-risk.”For example, the EU AI Act outlaws social scoring systems powered by AI and any biometric-based tools used to guess a person’s race, political leanings or sexual orientation. Meanwhile, the law outlines a separate category of “high-risk” uses of AI, particularly for education, hiring and access to government services, and imposes a separate set of transparency and other obligations on them. Companies such as OpenAI that produce powerful, complex and widely used AI models will also be subject to new disclosure requirements under the law.

Persons: Chuck Schumer Organizations: CNN — European Union, EU Locations: United States, Europe

☆ The stock level when the parabolic Nvidia rally may finally cool off and how to trade it
▼ + stars: | 2024-03-08 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The magnitude of Nvidia's run is simply mind boggling, with the stock adding $1 trillion in market value in about two months. Trying to short this parabolic stock is what we used to call in the trading pits of Chicago, a "widowmaker." However, I believe that once Nvidia (NVDA) hits $1,000 it might actually be due to take a breather. Overbought territory Typically, an investor will buy a put if they think a stock is overbought or are concerned it will fall. That being said, Nvidia was trading at the same RSI level of 86 in early February while trading at $693, nearly $300 ago.

Persons: NVDA, Long Organizations: Nvidia, Apple, Microsoft Locations: Chicago, Downside

☆ For Ron DeSantis, a Democratic Sparring Partner at a Tenuous Time in His Campaign
▼ + stars: | 2023-11-30 | by ( Nicholas Nehamas | More About Nicholas Nehamas | ) www.nytimes.com time to read: +1 min

Ron DeSantis of Florida is accustomed to crushing Democrats in his home state. He romped to a re-election victory last year over a weak Democratic opponent, as Republicans also picked up supermajorities in the State Legislature. But on Thursday Mr. DeSantis will face something new: a brash, confident Democrat, in the form of his California counterpart, Gov. Mr. Newsom, who has feuded with Mr. DeSantis for years, has recently been sharpening his attacks, preparing for the encounter with appearances on Sean Hannity’s Fox News show. For Mr. DeSantis, taking on Mr. Newsom is fraught with risks at a time when his presidential campaign seems to be gasping for air.

Persons: Ron DeSantis, DeSantis, Gavin Newsom, Newsom, Sean Hannity’s, Hannity Organizations: Democratic, Fox News, Sean Hannity’s Fox Locations: Florida

☆ Analysis-In Mexico, Gender Balance Push Puts Political Parties in Unfamiliar Bind
▼ + stars: | 2023-11-18 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

Since 2018, Congress has been split 50-50, and nine of 31 state governors are now women - up from only one woman state governor five years ago. SET IN STONEThe push that also saw Lopez Obrador opt for gender parity in his first cabinet has ushered in a broader shift that looks very likely to yield Mexico's first woman president next year. Carla Humphrey, an INE commissioner who has helped lead the charge for equal representation, said the watershed dates back to gender parity recommendations enshrined in law in the 1990s. They were buttressed by 2012 changes that meant parties could have candidates disqualified if the rules were not met. Since 2019, Mexico's constitution requires gender parity in all elected positions.

Persons: David Alire Garcia, Clara Brugada, Omar Garcia Harfuch, Andres Manuel Lopez, Brugada, Garcia Harfuch, Violeta Vazquez, Rojas, " Vazquez, MORENA, Olga Sanchez Cordero, Lopez, Carla Humphrey, We've, Humphrey, Margo Glantz, Sor Juana Ines de la Cruz, Evelyn Salgado, Glantz, Salgado, Hurricane Otis, Dave Graham Organizations: David Alire Garcia MEXICO CITY, Mexico City mayoral, Regeneration, Mexico City, Senate Locations: Mexico, MORENA, Mexican, Oaxaca, America, Caribbean, Guerrero, Hurricane, Acapulco

Eighty years ago, the United States military attacked the island of Betio, part of the Tarawa atoll in what is today the archipelago nation of Kiribati, to wrest it from Japanese control. But its location would allow the United States to move northwest: first to the Marshall Islands, then to the Mariana Islands and eventually to Japan itself. These were the “leapfrogging” tactics the Allies used in the Pacific to weaken Japan’s control of the region, as well as to establish bases to launch further attacks. On Betio, the United States military had expected an easy conquest by air and sea, a so-called amphibious assault involving about 18,000 Marines and an additional 35,000 troops. But awaiting them were heavy Japanese fortifications, including concrete bunkers and cannons along the sandy fringes of the atoll and some 5,000 troops, nearly a quarter of them enslaved Korean laborers, on the front line.

Persons: Betio Organizations: United States Locations: Betio, Kiribati, United States, Marshall, Mariana Islands, Japan, Pacific

Although several key details about next year’s New Hampshire primary have yet to be determined, the event has begun to take shape. The South Carolina Democratic primary on Feb. 3 is the earliest contest on the Democratic National Committee's official calendar. Why won’t Biden’s name appear on the New Hampshire primary ballot? Will Biden still be a factor in the New Hampshire primary? Biden’s name will not appear as a printed option on the New Hampshire primary ballot.

Persons: Joe Biden wasn't, David Scanlan, Biden, Will Biden, Lyndon Johnson, Raymond Buckley, Joe Biden, ”, Republican Sen, Lisa Murkowski’s, Murkowski, Scanlan, “, Barack Obama, Hillary Clinton, Marianne Williamson, Dean Phillips, it’s, Holly Ramer, Will Weissert Organizations: WASHINGTON, New Hampshire, South Carolina Democratic, Democratic National, New, Democratic Party, DNC, Carolina, Democratic, State Democratic, Republican, New Hampshire Democratic, Hampshire’s Democratic, Delegates, New Hampshire Democrats, Biden, Marianne Williamson . Minnesota U.S . Rep, Associated Press, AP, Republican New, Washington , D.C Locations: New, year’s, Hampshire, Iowa, New Hampshire, South Carolina, Carolina, Nevada, , New Hampshire, Chicago, Alaska, Michigan, Florida, Sens, Marianne Williamson . Minnesota, Republican New Hampshire, Concord , New Hampshire, Washington ,

☆ Popeyes just ousted KFC as the second-biggest fried chicken chain. After a visit to both, I can see why it's superior to the Colonel's greasy, frozen dinner-inspired food.
▼ + stars: | 2023-10-26 | by ( Nancy Luna | ) www.businessinsider.com time to read: +1 min

KFC is losing ground to Popeyes, according to a Barclays report. KFC and Popeyes are both logging more than $5 billion a year in sales, according to Technomic's latest Top 500 report. But Popeyes, which is expanding rapidly across the US, is selling food with fewer locations in the US compared to KFC, according to Technomic. I tried the same items found at each brand's menu: Fried chicken, chicken tenders, and a classic fried chicken sandwich. The chicken served at KFC was so greasy, I had to take Tums to relieve my indigestion.

Persons: —, Popeyes Organizations: KFC, Barclays, Service, Popeyes, CNBC, US Locations: Santa Ana, Tustin , California

EIN BOKEK, Israel (AP) — For evacuees of Kibbutz Be’eri, the salty waters of the lowest point on earth, known for their healing powers, are little comfort for a grief that feels bottomless. Kibbutz leaders recite the names that have officially migrated from lists of the missing to lists of the dead. Only 3,000 hotel rooms across the country are still available, according to the Israel Hotel Association, and many evacuated border communities have scattered to find shelter. Kibbutz Be'eri, too, is named after Katznelson. "But where were they?”___Sam McNeil contributed from Kibbutz Be'eri.

Persons: EIN BOKEK, ”, Nir Shani, Amit, Shani's, Ruvi Dar, ” Dar, “ We’re, “, They’re, we’re, Simon King, King, carting, He’s, ” Shani, Birdsong, Alon Pauker, Kibbutz Be'eri, ” King, Sam McNeil Organizations: —, Israel Hotel Association, David, Hamas, Rescue, Beit Berl College Locations: Israel, Be’eri, Gaza, Israel’s, “, Be'eri, israel

☆ Shad Tuten: Penalized for failing to properly replace his ball, golfer agonizingly loses chance of first ever PGA Tour card
▼ + stars: | 2023-10-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

The American golfer had finished his closing round at the season-ending Korn Ferry Tour Championship in Newburgh, Indiana looking set to secure his first ever PGA Tour card. Tuten was penalized for failing to properly replace his ball en route to a birdie at the par-five 15th hole. Former PGA Tour player James Nitties described the incident as “heartbreaking.”“It makes me sick as a past player,” Nitties said on the Golf Channel broadcast. The Georgia-born golfer has played 132 tournaments on the Korn Ferry Tour and PGA Tour Latinoamérica since turning professional in 2015, winning once, and ends the season as world No. Eighteen of the graduates are PGA Tour rookies, including brothers Parker and Pierceson Coody, who became only the second twins in history to attain simultaneous PGA Tour membership status after Allan and Curtis Strange in 1981.

Persons: Shad Tuten’s, Tuten, Mike Mulholland, Korn, Jim Duncan, ”, James Nitties, ” Nitties, France’s Paul Barjon, Puerto, Rafael Campos leapfrogging Tuten, Parker, Pierceson Coody, Allan, Curtis Strange Organizations: CNN, PGA Tour, Victoria, Korn Ferry, NBC Sports, ” CNN, PGA, Golf Channel Locations: Newburgh , Indiana, Georgia

☆ Nikki Haley could be the last, best chance for Republicans to unite against Trump before he steamrolls the GOP presidential field
▼ + stars: | 2023-10-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Former President Trump remains well ahead of his fellow Republican presidential contenders. But Nikki Haley is in a solid position in both GOP statewide polling and general election matchups. As other candidates leave the race, Haley's viability as a top Trump alternative will likely strengthen. Meanwhile, Haley's stock may be low, but very importantly it's up: she's averaging around 8% in the FiveThirtyEight GOP polling average, up from 3% at the beginning of August. AP Photo/Meg KinnardA Public Opinion Strategies survey of New Hampshire had Trump ahead with 44% support, with Haley in second place with 17% support.

Persons: Trump, Nikki Haley, —, Nikki Haley's, Joe Biden, Ron DeSantis, Donald Trump's, Haley, she's, Meg Kinnard, Biden, DeSantis, Vivek Ramaswamy, Sen, Tim Scott of, Donald Trump, Jae Organizations: Trump, Service, South Carolina Gov, Gov, GOP, New, United Nations, AP, Boston Globe, New Hampshire, NBC, Trump White, Walt Disney Company, Sunshine State, Iowa Locations: Florida, Iowa, New Hampshire, South Carolina, Clive , Iowa, Suffolk, DeSantis, Tim Scott of South Carolina, Anaheim , Calif

☆ Mudryk and Broja end Chelsea goal drought in 2-0 win at Fulham
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

It was Mudryk's first goal since signing for Chelsea nine months ago while Broja - replacing the suspended Nicolas Jackson - was making his first start since sustaining a knee injury at the end of 2022. It's been a long time coming," Broja told talkSPORT about his goal. The result pushed Chelsea up to 11th spot with eight points, leapfrogging Fulham, who are 13th, on goal difference. Fulham coach Marco Silva lamented what he said were soft goals his side had offered up to the visitors. "Of course we have to keep working," Silva added.

Persons: Mykhailo Mudryk, Armando Broja, Mauricio Pochettino's, Levi Colwill, Bernd Leno, Broja, Nicolas Jackson, It's, talkSPORT, Ian Maatsen, Mudryk, leapfrogging Fulham, Pochettino, Moises Caicedo, Enzo Fernandez, Marco Silva, Aleksandar Mitrovic, Silva, William Schomberg, Ken Ferris Organizations: Chelsea, Fulham, Premier League, Blues, West, Mudryk, Saudi, Al, Thomson Locations: Craven, West London, Ukraine, Portuguese, Serbia, Hilal

☆ Diaz and Joselu on target as wasteful Real sink Las Palmas
▼ + stars: | 2023-09-27 | by ( Fernando Kallas | ) www.reuters.com time to read: +2 min

MADRID, Sept 27 (Reuters) - Real Madrid bounced back from their painful derby loss with a 2-0 home LaLiga win over lowly Las Palmas on Wednesday thanks to goals from Brahim Diaz and Joselu. The hosts were by far superior side but squandered more than a dozen clearcut chances in the first half, with Diaz and Joselu missing sitters from close range. Arda Guler, who was expected to be available against Las Palmas after recovering from a knee operation, sustained a thigh injury in training that will further delay his debut for the team. Vinicius did come off the bench in the second half after missing four consecutive games for his club. Real moved up to second place on 18 points, leapfrogging third-placed Barcelona who were held to a 2-2 draw by Mallorca on Tuesday.

Persons: Brahim Diaz, Joselu, Carlo Ancelotti, Jude Bellingham, Diaz, Alvaro Valles, Lucas Vazquez, David Alaba, Dani Carvajal, Ferland Mendy, Vinicius Jr, Thibaut Courtois, Eder Militao, Arda Guler, Vinicius, it's, Movistar, Fernando Kallas, Ed Osmond Organizations: Madrid, Las Palmas, Real Madrid, Atletico Madrid, Las, Real, Mallorca, Tuesday, Villarreal, Wednesday, Thomson Locations: MADRID, Las, Las Palmas, Rodrygo, Barcelona, Girona

☆ Western sanctions on Russia could push the BRICS alliance closer
▼ + stars: | 2023-09-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Michele Spatari | Afp | Getty ImagesSINGAPORE — Sanctions imposed by the West on Russia are pushing the BRICS nations closer, said oil executives at the recent APPEC conference in Singapore. "Looking at the oil markets today ... the Western sanctions on Russia are working. The BRICS alliance includes Russia, as well as Brazil, India, China and South Africa. The BRICS nations have had different brushes in their relationships with the West. BRICS is the candidate," Fereidun Fesharaki, chairman of energy consultancy Facts Global Energy, said at a panel discussion during the event.

Persons: Michele Spatari, Russell Hardy, Hardy, Argentina —, Fereidun Fesharaki, Moscow leapfrogging, Fesharaki Organizations: Afp, Getty, SINGAPORE —, West, European Union, UAE, U.S ., U.S, Treasury, Global Energy Locations: South Africa, Brazil, Russia, India, China, Sandton, Johannesburg, SINGAPORE, Singapore, Ukraine, European, Western, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, Moscow

☆ Lionel Messi scores on his MLS debut for Inter Miami
▼ + stars: | 2023-08-27 | by ( Issy Ronald | Jacob Lev | ) edition.cnn.com time to read: +2 min

CNN —‘Messi mania’ swept across New York on Saturday as Lionel Messi made his Major League Soccer (MLS) regular season debut for Inter Miami away against the New York Red Bulls. Inter Miami defeated the New York Red Bulls. “Where dreams are made of,” Inter Miami co-owner David Beckham said on Instagram afterwards, alongside pictures of Messi, the rest of the team and fans wearing Messi jerseys. Great win on the road.”With the win, Inter Miami moved from the bottom of the Eastern Conference to 14th place, leapfrogging Toronto FC. Messi and Inter Miami are next scheduled to play on Wednesday against Nashville SC at DRV PNK Stadium in Fort Lauderdale, Florida.

Persons: CNN — ‘ Messi, ’, Lionel Messi, Ballon, Messi, Benjamin Cremaschi, Ira L, VividSeats, ‘ Messi, David Beckham Organizations: CNN, Major League Soccer, Inter Miami, New York Red Bulls, Argentine, Red Bull, Messi, MLS, ” Inter Miami, Eastern Conference, Toronto FC, Wednesday, Nashville SC Locations: New York, Harrison , New Jersey, Instagram, NYC, ”, Fort Lauderdale , Florida

☆ How Y Combinator-backed Seabound is using carbon-capture tech to tackle the shipping industry's problematic emissions
▼ + stars: | 2023-08-21 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +9 min

The Y Combinator-backed Seabound believes its on board carbon-capture tech can play a key role. Fredriksson is the cofounder and CEO of Seabound, a climate-tech startup that aims to lower the greenhouse-gas emissions produced by the shipping industry. Seabound, backed by the famed accelerator Y Combinator, has built a carbon-capture machine that can be retrofitted onto ships. Having tested it on land, Seabound is now using a commercial container ship as its lab in a pilot project with the London-based shipping company Lomar Shipping. Fredriksson added that Seabound's reaction was exothermic, meaning it needed an injection of heat to get started but then was self-sustaining.

Persons: Seabound, Alisha Fredriksson didn't, Fredriksson, It's, Stephen Turnock, Ed Phillips, Alisha Fredriksson, Wen, Turnock, Alisha Fredriksson Decarbonization, we're, We're, Capital's Phillips, Leapfrogging Organizations: Shipping, Maritime Organization, Service, University College London, University Maritime Advisory Services, Southampton University, International Maritime, Planet Capital, Lomar Shipping, Ships Locations: Wall, Silicon, London, Yalova, Turkey

☆ Italy's MPS sees 2023 profit above 1 billion euros after tenfold rise
▼ + stars: | 2023-08-04 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

FILE PHOTO-The logo of Monte dei Paschi di Siena bank is seen in a bank entrance in Rome, Italy August 16, 2018. Like peers, Monte dei Paschi (MPS) reaped the benefits of higher rates which have allowed banks to charge more for loans while what they pay out on deposits lags. To fund the voluntary staff exits by sending people into early retirement, Lovaglio oversaw a 2.5 billion euro ($2.7 billion) capital raise in tough markets last November. Shares in MPS traded 3.5% higher by late morning at 2.568 euros each. Core revenues jumped 10% on a quarterly basis to 941 million euros, leapfrogging expectations, with net interest income nearly doubling from last year and up 15% from the first quarter.

Persons: Max Rossi, Siena, Monte, Luigi Lovaglio, Lovaglio, Andrea Orcel, Valentina Za, Alvise Armellini, Keith Weir Organizations: REUTERS, STATE, MPS, Bankers, Thomson Locations: dei, Siena, Rome, Italy, MILAN

☆ Holders US in unfamiliar position before crunch Portugal clash
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

The Americans, who have never been eliminated from the group stage in World Cup history, have not yet hit peak form. They beat minnows Vietnam 3-0, and a 1-1 draw with the Netherlands left both teams locked on four points. "For us the most important thing is getting into the knockout stage, first and foremost," U.S. coach Vlatko Andonovski said. The Group E runners-up could face Sweden, currently leading Group G after thrashing Italy 5-0, in the last 16. "It would be nice to perhaps avoid Sweden in the next rounds," said Dutch forward Lieke Martens, who was part of the team that beat Sweden in the 2019 World Cup semi-finals.

Persons: Vlatko Andonovski, Lieke Martens, Hritika Sharma Organizations: AUCKLAND, United, Tuesday's, Vietnam, Italy, China, Haiti, Thomson Locations: Portugal, Auckland, Netherlands, Vietnam, Dunedin, U.S, Sweden, Italy, England, Adelaide, Denmark, China, Perth, Hyderabad

☆ Rory McIlroy’s ‘shot of the year’ clinches epic late victory at windy Scottish Open
▼ + stars: | 2023-07-17 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —Rory McIlroy delivered a sensational finish to triumph at the Scottish Open on Sunday, birdieing the final two holes to snatch victory from home hero Robert MacIntyre. A first ever triumph in Scotland sees the 34-year-old become the first player to win The Scottish Open, The Irish Open and The Open Championship, which returns to Royal Liverpool for the first time since 2014 – the year of McIlroy’s last major triumph – on Thursday. McIlroy celebrates with his mother Rosie after triumph at the 2014 Open Championship at Royal Liverpool. “The Scottish Open will be up there with the event I want to play for the rest of my life. “But it’s not to be just now, and plenty of years ahead … Rory McIlroy’s potentially the best in the world, and he showed why today.

Persons: Rory McIlroy, Robert MacIntyre, “, –, McIlroy, Jared C, Tilton, MacIntyre, Scot, McIlroy lasered, Jon Rahm, ” McIlroy, Rosie, Andrew Yates, Wyndham Clark, ” McIroy, “ I’ve, Octavio Passos, ” MacIntyre, … Rory McIlroy’s, ” Organizations: CNN, Scottish, Renaissance, Irish, Royal Liverpool, Getty, PGA Locations: Scotland, Royal Liverpool, Merseyside, AFP

☆ Cramer: The Cassandras are wrong about the market (again) — here's why I'm upbeat
▼ + stars: | 2023-07-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

The impossibility of any company doing anything right, or as right as the market seems to judge, serves as the only homily worth offering. You simply don't land at all. Of course, the biggest worry to this market is its two-tiered nature: The mega-cap techs versus all the rest. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Warren Buffett, It's, Jerome Powell's, Alan Greenspan, Ben Bernanke, Powell, deride Powell, —, it's, Wells, Vin Diesel, he'll, Goldman Sachs, Amy Hood, Tim Cook's, Mark Zuckerberg's pickleball, Clive Cussler, Stephen King, Lina Khan's, Jonathan Kanter, Khan, Morgan, let's, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Apple, Wells, JPMorgan, PepsiCo, Treasury, Bank of America, Microsoft, Activision Blizzard, Nvidia, Intel, Devices, Colgate, Federal Trade, Activision, Justice Department, sycophantic, Fed, Jim Cramer's Charitable, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty Locations: People's Republic of China, China, Wells Fargo, America, New York

☆ Goldman Sachs says India will overtake the U.S. to become the world's second-largest economy by 2075
▼ + stars: | 2023-07-10 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

Wolfgang Kaehler | Lightrocket | Getty ImagesIndia is poised to become the world's second-largest economy by 2075, leapfrogging not just Japan and Germany, but the U.S. too, says Goldman Sachs. "Over the next two decades, the dependency ratio of India will be one of the lowest among regional economies," said Goldman Sachs Research's India economist, Santanu Sengupta. Sengupta added that the key to drawing out the potential of India's rapidly growing population is to boost the participation of its labor force. The Achilles heel to the bank's projection is the labor force participation rate — and whether it increases at the rate which Goldman projects. "The labor force participation rate in India has declined over the last 15 years," the report noted, underlining that women's participation rate in the labor force is "significantly lower" than men's.

Persons: Taj, Wolfgang Kaehler, leapfrogging, Goldman Sachs, Santanu Sengupta, Sengupta, Goldman, Downside Organizations: Lightrocket, Getty, India, U.S, Tech, Employees, Bloomberg, Nurphoto Locations: Japan, Germany, U.S, India, China, Nasscom, Greater Noida, piecework, Nagaland, Nurphoto

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