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☆ CNBC's Inside India newsletter: IPO boom looks to break new records
▼ + stars: | 2024-06-13 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

The spotlight has seemingly shifted in the past year toward companies going to market, hoping to ride on the coattails of India's growth story. Growing foreign listingsThe allure of India's stock markets has trickled to companies beyond its shores — with foreign entities eyeing a share of its growth. Such listings add strength to India's markets, says M&G Investment's Asian Equities Portfolio Manager Vikas Pershad. The optimism on India's IPO boom is sometimes marred by concerns over elevated valuations of its stock market — and whether it is headed toward a bubble. "When we look at India, we see continued economic and earnings per share growth and higher levels of profitability," Dorson from Global X told CNBC's Inside India.

Persons: Swiggy, Debarchan Chatterjee, Neil Bahal, Dhruba Jyoti Sengupta, Ola, PhonePe, Ola Electric, Sengupta, Vikas Pershad, Malcolm Dorson, CNBC's Organizations: Getty, Reliance Industries, Adani Enterprises, Mankind Pharma, Negen, Securities, Exchange Board, Wrise Private, Aakash Educational Services, Aakash Educational, Walmart, United Arab, Hyundai, Insurance Corporation of India, Maruti Suzuki, Hindustan Unilever, Siemens, ABB India, Global Locations: Kolkata, India, SEBI, United Arab Emirates, Sri Lanka, Hyundai India, India's, Maruti Suzuki India, Hindustan

☆ China is developing systems to hunt US submarines from the air
▼ + stars: | 2024-05-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

China is developing new systems to hunt the US nuclear-powered submarines that could threaten a Chinese invasion of Taiwan, according to a new report. Also significant is that Chinese airborne sub hunters are tasked with protecting Chinese ballistic missile submarines as they sail to their patrol and launch locations. Current Chinese sonobuoys require "a complicated and labor-intensive series of manual button presses to configure sonobuoy parameters such as radio working frequency, working depth, working time, and pulse form to fit maritime conditions before deployment." "PLAN ASW units are training under more realistic conditions, and breaking down administrative barriers which prevented them from generating more training opportunities in different operational environments." AdvertisementFor example, since 2015, training materials have stressed the need for ASW aircraft and ships to work closely together, which is standard practice in the US and Western navies.

Persons: Eli Tirk, Daniel Salisbury, Tirk, Deanna C, Michael Peck Organizations: Service, Business, People's Liberation Army Navy, Taiwan, China Maritime Studies, Naval War, PLAN, US Navy, China Electronics Technology Group Corporation, Aviation Industry Corporation of China, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, Japan, Salisbury, America, Forbes

☆ 5 millennials who are on their way to financial independence share why they have no intention of retiring early
▼ + stars: | 2024-05-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

October, a speech-language pathologist for New York City Public Schools, started her journey toward financial independence a few years ago. October is one of many millennials who are working toward achieving financial independence, one of the main goals of the FIRE — financial independence, retire early — community. Some millennials who successfully achieved financial independence told BI that a traditional retirement is overrated. Advertisement"The whole time I've been thinking in terms of my financial independence as what I call single-player mode. She sees financial independence as an extension of her drive to fulfill passion projects.

Persons: —, Shelly, she'll, she's, She's, millennials, They're, Scott Rieckens, Millennials, Oz Chen, he's, Oz Chen He's, hasn't, I'm, Chen, Gabriela Ariza, Ariza, David, Jill Pawley, Jilly Pawley, they'll, they've, It's, Jill Organizations: Service, New York City Public Schools, Business, Neighborhood Assistance Corporation of America Locations: Yonkers, New York City, Los Angeles, Illinois, Chicago, Rockford, Haiti, Michigan

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ Columbia University’s encampment ended with a mass police operation. Here’s how some schools avoided that
▼ + stars: | 2024-05-05 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

Notably, none of the schools agreed to fully divest from companies doing business in Israel, a demand student protesters have commonly rallied for across the country. What the schools agreed to doOn Monday, Northwestern announced an agreement with protesters to end the encampment. Rutgers agreed to meet with student protesters to discuss divestment and to support scholarships for at least 10 displaced Gazan students. Rutgers, along with Northwestern, agreed to expand spaces for Arab and Muslim students on campus. Recent agreements at Brown University and Northwestern University might show the way,” Roth wrote.

Persons: Brown, “, ”, Sophia Rosenfeld, Rosenfeld, Kena Betancur, Lena Shapiro, Shapiro, Michael Schill, Schill, ” Schill, Trisha Ahmed, Brown’s, Brown University Brown, Owen Dahlkamp, Dahlkamp, “ Brown, ” Brown, Christina Paxson, ” Dahlkamp, Elise Stefanik, Michael S, Roth, ” Roth Organizations: New, New York CNN, Ivy League schools Columbia, Northwestern University, Rutgers University, University of Minnesota, CNN, University of Pennsylvania, Columbia University, University of Illinois College of Law, Northwestern, Chicago, Rutgers, Birzeit University, West Bank, University of Minnesota's, Palestinian, Brown University, University Hall, Brown Daily Herald, Corporation of Brown University, University of California, University of Texas, Defamation, Republican, Twitter, Wesleyan University Locations: New York, Israel, Brown, Northwestern, New York City, AFP, Deering, Minneapolis, Minn, Providence , Rhode Island, Columbia, Los Angeles, Austin, Gaza

☆ Artist Yves Klein’s unusual nude performance restaged decades after artist’s death
▼ + stars: | 2024-05-01 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

CNN —Twice a week this spring, a nude performance artist sits inside a small wooden box in a New York gallery waiting to be touched. Courtesy Lévy Gorvy DayanVisitors to Lévy Gorvy Dayan on New York's Upper East Side can interact with the sculpture and performance artist inside during twice-weekly performances this spring. “Yves Klein: The Tangible World” brings together many of the artist’s lesser-seen works. “I wanted to show Yves Klein’s love for the body, and the aliveness that the body represents,” said Dominique Lévy, a co-founder of the gallery, which represents Klein’s estate. “He’s the first artist to really incorporate performance as an artistic act and as a practice,” Lévy said.

Persons: ‘, Yves Klein, ”, “, —, “ Yves Klein, Gorvy Dayan, Klein, Dominique Lévy, Lévy Gorvy Dayan, Julian Rigg, Yves Klein’s, ” Klein, ” Lévy, ” Hugo Alexander, Rose, he’s, ” Krause, Lévy, Alexander Organizations: CNN, Lévy Gorvy Dayan Visitors, Artists Rights Society, Marina, Museum of Modern Art, School of Visual Arts Locations: New York, French, New, ADAGP, Paris

☆ India’s UPI: How e-payments have taken over, from sari shops to street food stalls
▼ + stars: | 2024-04-29 | by ( Amy Gunia | ) edition.cnn.com time to read: +6 min

“Digital payments are likely to enhance India’s growth by eliminating frictions, increasing efficiency, and reducing costs,” Eswar Prasad, an economics professor at Cornell University, told CNN. Covid-19 further boosted the adoption of digital transactions, as people tried to protect themselves from the virus. In 2023, the number of UPI transactions topped 100 billion. Azeez, a 34-year-old rickshaw driver in Old Delhi, told CNN that he’s too scared of losing money to use e-payments. Sania Farooqui/CNNConvenience aside, India’s digital public infrastructure has helped it achieve an 80% financial inclusion rate.

Persons: Brij Kishore, ”, Agarwal, tuk, India’s, Narendra Modi, Eswar Prasad, Old Delhi Sania Farooqui, Ramesh Kumar's, Sania Farooqui, Ramesh Kumar, he’s, Azeez, Prasad, Kapil Sharma, “ Organizations: Hong Kong / New Delhi CNN, ”, Unified, “, frictions, Cornell University, CNN, “ UPI, India, National Payments Corporation of India, UPI, Sarojini, Finance, Eiffel Locations: Hong Kong / New Delhi, Chandni, India’s Old Delhi, Delhi, India, Old Delhi, Sarojini, Covid

☆ Columbia student protestors are demanding ‘divestment.’ Here’s what the university has divested from in the past
▼ + stars: | 2024-04-27 | by ( Clare Duffy | Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Columbia University Apartheid Divest submitted a formal proposal to the committee for withdrawing investments related to Israel in December, which has yet to yield success. Students at Columbia College, the university’s undergraduate school, voted to support the divestment proposal last week. Heading a nationwide South Africa divestment movementCurrently, Columbia lists five areas where it refrains from investing: tobacco, private prison operations, thermal coal, Sudan and fossil fuels — all decisions that were made in the past decade. In April 1985, students led a three-week student demonstration against Columbia’s investments in South Africa, the New York Times reported at the time. Pete Seeger, right, speaks to the crowd at Columbia University as hundreds of students continued to protest the school's ties to South Africa, April 8, 1985.

Persons: ” Israel, Catherine Elias, Daniel Armstrong, “, ” Armstrong, Pete Seeger, Frankie Ziths, G4S, Karla Ann Cote, divests, ”, Savannah Pearson, Michael Cusack Organizations: New, New York CNN, Columbia University, Columbia University Apartheid, —, Columbia, Columbia College, CNN, Coalition, New York Times, American Express, Ford, Ivy League, University of California, Johns Hopkins University, University of North, Corrections Corporation of America, Library, “, Columbia’s, Trustees, Columbia’s Teachers College Locations: New York, Gaza, Palestine, Columbia, Vietnam, Upper Manhattan, Israel, South Africa, Sudan, Los Angeles, Chevron, Berkeley, University of North Carolina, Hill, South, United States

☆ CNBC's Inside India newsletter: A $270 billion gamble on green?
▼ + stars: | 2024-04-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Solar panels stand at the Welspun Energy solar power plant in Neemuch, Madhya Pradesh, India. One sector in particular — electrical power transmission — will see $270 billion in financial benefits, according to Goldman Sachs. While utilities like the Power Grid Corporation of India may be perceived as unsexy, compared to growth stocks like Tesla, India plans to promote renewable energy without the taxpayer spending a single rupee. The country has added about 70 gigawatts of solar power capacity over the past decade without piling on further costs by simply maximizing the grid's usage. Currently, state governments in India levy surcharges and taxes on every unit of carbon-intensive energy transmitted through the grid.

Persons: Vivek Prakash, Elon Musk, Narendra Modi, Goldman Sachs, It's, Vinay Dwivedi, India Anna Dravida, Vinay, Modi, Mohamed Muizzu's, Jamie Dimon, Modi's Organizations: Bloomberg, Getty, U.S, Power Grid Corporation of India, Goldman, Companies, Reliance Industries, Adani Enterprises, Tamil Nadu —, Dravida Munnetra Kazhagam, India Anna Dravida Munnetra Kazhagam, CNBC, Modi's Bharatiya Janata Party, Vodafone Idea, Vodafone, West, Economic, of New, JPMorgan, CNBC Pro, we'll Locations: Neemuch, Madhya Pradesh, India, Tamil Nadu, Dravida, New Delhi, Maldives, China, Beijing, West Indies, Pakistan, U.S, of New York

☆ Here are Wednesday's biggest analyst calls: Tesla, Amazon, Airbnb, Domino's, Walmart, Disney & more
▼ + stars: | 2024-04-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bernstein reiterates Tesla as underperform Bernstein said it still sees minimal positive catalysts ahead for Tesla following earnings on Tuesday. Bank of America upgrades Tesla to buy from neutral Bank of America said it sees a slew of "positive catalysts" ahead for Tesla shares following earnings on Tuesday. Citi downgrades Molson Coors to sell from neutral Citi said it's concerned about slowing growth. Citi upgrades SiriusXM to neutral from sell Citi said the risk/reward is now more balanced. Citi reiterates Amazon as buy Citi raised its price target on the stock to $235 per share from $215.

Persons: Piper Sandler, Piper, Bernstein, Tesla, underperform Bernstein, KBW, Wells, Citi downgrades Molson, it's, Oppenheimer, Domino's, it's bullish, DPZ, SIRI, Morgan Stanley, Morgan Stanley it's, GenAI, Guggenheim, Enphase, Jefferies Organizations: Tesla, Mizuho, Bank of America, of America, Packaging Corporation of America, Citi downgrades, Citi downgrades Molson Coors, Citi, TAP, Deutsche Bank, Deutsche, Computer, Micro, Sea Limited, fintech JV, Amazon, Disney, Atlanta Braves, Braves, Microsoft Locations: Singapore, BNPL

☆ New Delhi chokes as trash mountain fire spreads hazardous fumes
▼ + stars: | 2024-04-23 | by ( Rhea Mogul | ) edition.cnn.com time to read: +5 min

Sections of the Ghazipur landfill in New Delhi burst into flames on Sunday, causing dangerous heat and methane emissions and adding to India’s growing climate challenges. Smoke rises on April 23, following a fire that broke out at the Ghazipur landfill in New Delhi, India. Noemi Cassanelli/CNNFires burning at Ghazipur landfill site in New Delhi, India, April 22, 2024. Ghazipur landfill in New Delhi on April 23, following a fire that broke out. Firemen work to douse the fire at Ghazipur landfill on April 22, 2024 in New Delhi, India.

Persons: Noemi Cassanelli, Adnan Abidi, Taj, Narendra Modi, Vipin Kumar, hasn’t Organizations: New, New Delhi CNN, CNN, Reuters, Center for Science, Clean Air Initiative, Municipal Corporation of Delhi, Solutions, Indian, Firemen, Hindustan Times Locations: New Delhi, India, Ghazipur, Bhalswa

☆ Stocks making the biggest moves after hours: Nucor, Cleveland-Cliffs, Cadence Design Systems, Globe Life and more
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

First-quarter earnings of $3.46 per share fell below the FactSet consensus estimate of $3.67 in earnings per share. Alexandria Real Estate Equities — The stock advanced 1.2% after Alexandria surpassed first-quarter revenue expectations. The life sciences REIT posted revenue of $769.1 million, above the FactSet consensus estimate of $764.4 million. Packaging Corporation of America — The stock fell 1.8% in extended trading even as the maker of containerboard posted first-quarter earnings that topped estimates. Medpace — Shares dropped 4.3% after Medpace's first-quarter revenue missed estimates.

Persons: Crane, containerboard, Calix, FactSet, Simpson, Medpace, Medpace's, TrustCo, Darla Mercado Organizations: Cliffs, Cadence, Cadence Design Systems, FactSet, Globe, Crane, Alexandria Real, Packaging Corporation, America, Packaging Corp, Simpson, TrustCo Bank Corp, NY Locations: Cleveland, Alexandria, FactSet .

☆ Can China's Comac break up the Airbus-Boeing duopoly?
▼ + stars: | 2024-04-10 | by ( Nessa Anwar | ) www.cnbc.com time to read: +2 min

China is on a mission to break up the Airbus -Boeing duopoly and it hopes the domestically made Comac C919 will be its first big break into foreign markets. Made by the Commercial Aircraft Corporation of China (Comac), the passenger aircraft has been touted as the "dream of a nation" by Chinese President Xi Jinping. However, there are still several hurdles Comac would need to clear before it could take on the French and American aerospace giants' dominance. "As a customer and operator of China's Comac products, we can get financial support from China's import-export bank, and also central banks," Cham told CNBC in an interview. According to Cham, Comac said it would consider creating aircraft maintenance, repair and overhaul support for its aircraft in Brunei.

Persons: Xi Jinping, Cham, Comac, Adam Cowburn, Cowburn, Brendan Sobie, It's, Brendan Organizations: Airbus, Boeing, Commercial Aircraft Corporation of China, Cham Chi, CNBC, Alton Aviation Consultancy, " Industry, Sobie Aviation, Airlines Locations: China, American, Brunei, Cham, Shanghai

☆ The politics of religion as Trump sells Bibles and Biden is criticized over Easter eggs
▼ + stars: | 2024-04-01 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —Former President Donald Trump is literally selling religion to his followers in the form of commemorative Bibles, while President Joe Biden is being criticized by Republicans for allegedly disrespecting the Easter holiday. The version of the Bible Trump is selling also includes the US Constitution and other founding documents. “The Biden White House has betrayed the central tenet of Easter—which is the resurrection of Jesus Christ,” House Speaker Mike Johnson wrote on X, formerly known as Twitter. More than 30% of Americans might qualify as sympathetic to Christian nationalism when it is defined within the idea that America was meant by God to be a Christian nation. People sympathetic to Christian nationalism are also more likely to condone the idea that political violence may be justified.

Persons: Donald Trump, Joe Biden, Biden, Trump, ”, CNN CNN’s AJ Willingham, Jemar Tisby, Willingham, “, ” Tisby, Sen, Raphael Warnock, CNN’s Dana Bash, Warnock, Feedback Sen, CNN Biden, Wilton Cardinal Gregory, Gregory, ’, ” Gregory, “ The, Jesus Christ, Mike Johnson, Easter, ” Johnson, Johnson, MAGA, Robert Jones Organizations: CNN, Bible Trump, Georgia Democrat, Ebenezer Baptist Church, “ The Biden White, Conservative, Pew Research Center, PRRI, ”, Republican Party Locations: Ebenezer, Atlanta, Washington, America, Massachusetts, Oregon, North Dakota, Mississippi

☆ Investor Tribeca presents Glencore with ideas to raise shareholder value – How it may unfold
▼ + stars: | 2024-03-30 | by ( Kenneth Squire | ) www.cnbc.com time to read: +10 min

Tribeca has been a shareholder of Glencore for seven years and has been engaging with management for a year. The company has excellent core asset quality in copper, zinc and coal, as well as a world-leading commodity trading business. Notably, Bluebell Capital Partners agitated for a demerger of Glencore's thermal coal business in 2021. However, in 2023, after acquiring a 77% interest in Teck's steelmaking coal business, Glencore stated its intention to demerge its combined coal and carbon steel businesses. The same can be said for the divestment of the trading business.

Persons: Glencore, David Aylward, Gary Nagle, astutely, Berkshire Hathaway, Ivan Glasenberg, Ken Squire Organizations: Glencore, Tribeca Investment Partners, Tribeca, Financial Times, Australian Securities Exchange, London Stock Exchange, BHP, Rio Tinto, Bluebell Capital Partners, LSE, Rio, NYSE, 13D Locations: Switzerland, Australia, Africa, South America, Sydney, Melbourne, Singapore, London, Tribeca, Glencore, Swiss, Rio, Europe, cyclicality, Berkshire

☆ Palestinian factions seek unity at Moscow meeting as Russia vies for greater role in Gaza war
▼ + stars: | 2024-02-29 | by ( Abbas Allawati | Analysis Abbas Al Lawati | ) edition.cnn.com time to read: +6 min

CNN —Palestinian factions, some of whom have been at odds for almost two decades, are meeting in Moscow to discuss forming a new government just days after the Palestinian Authority government resigned. Hamas, which is fighting a war with Israel in Gaza that has killed more than 30,000 people in the enclave, is attending the talks, according to Russian media. Analysts say that Hamas joining the PLO would be a significant development, given that it could potentially unify the Palestinian factions and create a consensus cabinet. Despite the PLO’s recognition of Israel, Hamas joining the bloc wouldn’t mean that it would automatically acknowledge it, he added. Moscow had offered to mediate between Hamas and Israel soon after the war started, touting its ties to all regional stakeholders.

Persons: Hussein Hamayel, ”, Khaled Elgindy, Fatah, Riyad al, Maliki, “, Israel, Elgindy, Anna Borshchevskaya, Russia’s, Vladimir Putin “, CNN’s Matog Saleh, Celine Alkhaldi Organizations: CNN, Palestinian Authority, Palestine Liberation Organization, PLO, Fatah, Wednesday, Hamas, Middle East Institute, Washington DC, West Bank, West Bank . PA, Reuters, Washington Institute for Near, West Locations: Moscow, Israel, Gaza, Washington, Oslo, United States, Russia, Policy, Russian, Elgindy

☆ China will showcase its domestic jetliner at the Singapore Airshow. Here's what else to expect
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A model of Comac's C919 aircraft at the Singapore Airshow on Feb. 6, 2018. SINGAPORE — China is gearing up to showcase its narrow-body passenger jet to a global audience for the first time at the Singapore Airshow. Touted as a competitor to Boeing's 737 and the Airbus 320, the Comac C919 is quickly turning out to be one of the most anticipated features at this year's event. "Flying for the first time at the Singapore Airshow, is the C919, a narrow-body airliner developed by Chinese aircraft manufacturer Comac," Singapore Airshow organizer and manager Experia Events said in a statement. The Singapore Airshow is a fantastic opportunity for Comac particularly given the current situation with Boeing," Brendan Sobie of Sobie Aviation told CNBC.

Persons: Experia, Lockheed Martin, Thales, Brendan Sobie, Sobie Organizations: Singapore, Singapore Airshow, Airbus, Commercial Aircraft Corporation of China, Civil Aviation Administration, China, Aerospace, Boeing, Lockheed, Dassault, SAAB, Leonardo, Sobie Aviation, CNBC Locations: SINGAPORE — China, Singapore, China

☆ Comac C919: China’s homegrown passenger aircraft makes international debut
▼ + stars: | 2024-02-19 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

China calls the C919, which can carry just under 200 passengers, its first large homegrown passenger jet. It s certified to carry passengers only within mainland China and flies with China Eastern Airlines. The C919’s overseas debut comes at a time when Boeing is making headlines for all the wrong reasons. “There is a lot of interest to see the actual aircraft, how it performs and how it is in flight,” he said. “It will become a competitor in a small way, but it won’t be in the same league as Airbus and Boeing,” he said.

Persons: Cindy Koh, Shukor Yusof, ”, Edgar Su, Yusof, TransNusa Organizations: Hong Kong CNN, Boeing, Airbus, Singapore Airshow, Commercial Aircraft Corporation of China, China Eastern Airlines, Singapore’s Economic, Board, Sunday, Max, Air, Endau, Singapore, Reuters, Center for Strategic, International Studies, American Locations: China, Hong Kong, Western, Air Alaska, United States, Washington, Hong, Victoria, Beijing, Southeast Asia, Africa, Central Asia, Indonesian

Elon Musk continues his flight from “the First State”Another Elon Musk-led company has moved its home base from Delaware as the tech billionaire continues to criticize the state after a judge there voided his nearly $56 billion payday at Tesla. Moving the incorporation of SpaceX, Musk’s privately held rocket giant, to Texas will help bolster the Lone Star State’s standing with business. Musk is making good on his threat to pull out of the state. It comes shortly after he relocated the incorporation of Neuralink, his brain implant company, to Nevada. Musk endorsed that view, writing that having a Delaware incorporation is a “guarantee of spurious litigation.”

Persons: Elon Musk, Elon, Musk’s, Tesla, ” Organizations: Tesla, SpaceX, Lone Star Locations: Delaware, Texas, Neuralink, Nevada, America

Whether any of the relief will materialize is a looming question as conservatives vow to challenge any attempt at mass student loan cancellation. For a Federal Stafford Loan, a Direct Subsidized Loan or a Direct Unsubsidized Loan, repayment starts after the initial grace period ends. For a Federal PLUS Loan or a Direct PLUS Loan, repayment starts the day the loan is fully disbursed. LOW-VALUE PROGRAMSBorrowers could get their loans canceled if they went to a for-profit college program that leaves graduates unable to repay their federal student loans. In general, programs are considered failing if graduates are paying more than 8% of their average yearly income on federal student loan payments.

Persons: Joe Biden's, Biden's, Biden, ” Organizations: WASHINGTON, Education Department, Federal Stafford Loan, Federal PLUS Loan, PLUS Loan, Public, Defense, Associated Press, Carnegie Corporation of New, AP Locations: Carnegie Corporation of New York

☆ SpaceX files to relocate to Texas after Elon Musk's spat with Delaware over pay package
▼ + stars: | 2024-02-15 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +3 min

SpaceX has filed to relocate its business incorporation from Delaware to Texas. The move follows a Delaware judge's decision to void CEO Elon Musk a $55 billion Tesla pay package. AdvertisementSpaceX, which was incorporated in the famously corporation-friendly Delaware, filed to relocate its business incorporation with the Texas Secretary of State, Bloomberg reported. SpaceX CEO Elon Musk publicly railed against the Diamond State and a judge's decision to void his $55 billion Tesla pay package. "The public vote is unequivocally in favor of Texas," Musk wrote on February 1.

Persons: Elon Musk, —, Musk, B7FLByL2dY — Elon, Tesla, Charles Elson Organizations: SpaceX, Service, Texas, State, Bloomberg, Diamond State, Business, Weinberg, Corporate, University of Delaware, Wall Street Locations: Delaware, Texas, Neuralink, Nevada, it's, Brownsville, Austin, Silicon Valley

☆ Tesla's board faces a 'tornado situation' after Elon Musk's $55 billion pay package was struck down, analysts say
▼ + stars: | 2024-02-02 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Tesla's board is at a crossroads after a hefty pay plan for Elon Musk was rejected, analysts said. After the Delaware ruling, Musk announced a shareholder vote to move Tesla's incorporation to Texas. AdvertisementTesla's board has its work cut out for it following a judge's surprise ruling against Elon Musk's massive payday, analysts said. "It now creates a tornado situation for Tesla's Board in the next move, with [Wall] Street closely watching this poker move and potential statement," the report said. "Musk is Tesla and Tesla is Musk," Dan Ives, managing director at Wedbush, told Business Insider.

Persons: Elon Musk, Musk, —, Tesla, Kathaleen McCormick, Wedbush, Dan Ives, Ives Organizations: Elon, Tesla, Service, Wedbush Securities, Board, Company, Investors, Reuters Locations: Delaware, Texas, Tesla

☆ Ex-Wagner mercenaries may be heading back to Ukraine, but this time with Russia's National Guard, intel says
▼ + stars: | 2024-02-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewFormer Wagner Group fighters are being absorbed into Russia's national guard and may soon be deployed to Ukraine, according to Western intelligence, as Moscow continues to assume control over the ruthless mercenary organization. Russian President Vladimir Putin in late-December authorized the country's National Guard, also known as Rosgvardia, to create its own volunteer arrangements. AdvertisementMembers of the Wagner Group prepare to depart from the Southern Military District's headquarters and return to their base in Rostov-on-Don, Russia on June 24, 2023. Some in the West observed this as an effort to strengthen the national guard. AdvertisementRussian police and National Guard (Rosgvardia) servicemen patrol Red Square in central Moscow on Oct. 20, 2021.

Persons: —, Vladimir Putin, Wagner, Arkady Budnitsky, Vladimir Putin's, Viktor Zolotov, Rosgvardia, Putin, ALEXANDER NEMENOV, Moscow, Yevgeny Prigozhin Organizations: Service, Wagner Group, country's National Guard, Volunteer Corps, Business, Southern Military, Anadolu Agency, Getty, National Guard, Institute for, Bakhmut, Kremlin, Africa Corps, Nazi Locations: Ukraine, Moscow, Russian, Africa, Russia, Rostov, Don, Red, AFP, Africa —

She is one of this year's winners of an Andrew Carnegie Medal for Excellence, presented by the American Library Association. The fiction medal was awarded to Amanda Peters for her novel “The Berry Pickers,” a multi-generational story centered around the disappearance of a young Mi’kmaq girl from a blueberry field in Maine. “Amanda Peters’ stunning prose and evocative narrative enraptured us with the grief and longing of her characters. “I was 16 and sitting in the library and it changed the trajectory of my reading career," said Peters, who read the book at home. The Carnegie Medals were established in 2012 with the help of a grant from Carnegie Corporation of New York.

Persons: Roxanna Asgarian, ”, Andrew Carnegie, Roald Dahl's, Asgarian, Hart, Amanda Peters, “ Amanda Peters, Christina Wong’s, Daniel Innes ’, Jake Bittle’s “, Darrin Bell’s “, Peters, John Steinbeck's, “, ” Peters, ” Asgarian, Jennifer Egan, James McBride, Bryan Stevenson Organizations: —, Las Vegas, American Library Association, Carnegie, Dalhousie University, Acadia University, New York Public Library, History Research, Town, Carnegie Corporation of New Locations: Las, Dallas, America, Maine, San Diego, United States, Falmouth , Nova Scotia, Wolfville , Nova Scotia, New York City, New York, Carnegie Corporation of New York

☆ The 4 most important things we're watching in the stock market this coming week
▼ + stars: | 2024-01-20 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Fortunately, we'll get useful information in the coming weeks as earnings season ramps up and updated inflation data is released. We really want to see more supply come into the market to provide some relief on shelter costs. Looking to next week, we'll get a several key economic updates and a ramp up of earnings releases. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

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