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☆ India is a beneficiary of some of China's problems, investment management firm says
  + 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 EmailIndia is a beneficiary of some of China's problems, investment management firm saysArjun Jayaraman, head of quantitative research at Causeway Capital Management, says foreign direct investments into India are "a tailwind to the already strong structural tailwinds that India has."
Persons: Arjun Jayaraman Organizations: Causeway Capital Management Locations: India
☆ Taylor Swift’s ‘Tortured Poets’ Arrives With a Promotional Blitz
  + stars: | 2024-04-19 | by ( Ben Sisario | ) www.nytimes.com   time to read: +1 min
Taylor Swift was already the most ubiquitous pop star in the galaxy, her presence dominating the music charts, the concert calendar, the Super Bowl, the Grammys. In the days leading up to the release of “The Tortured Poets Department” on Friday, Swift became all but inescapable, online and seemingly everywhere else. A Spotify-sponsored, Swift-branded “library installation,” in muted pink and gray, popped up in a shopping complex in Los Angeles. In Chicago, a QR code painted on a brick wall directed fans to another Easter egg on YouTube. Videos on Swift’s social media accounts, showing antique typewriters and globes with pins, were dissected for clues about her music.
Persons: Taylor Swift, Department ”, Swift, SiriusXM Organizations: Department, Apple, Spotify, Swift Locations: Los Angeles, In Chicago
☆ India heads to the polls in the world's biggest democratic election
  + 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 EmailIndia heads to the polls in the world's biggest democratic electionIndia heads to the polls today in the world's biggest democratic election, where voters will decide whether to hand Prime Minister Narendra Modi a third term. CNBC's Sri Jegarajah reports from Tamil Nadu.
Persons: Narendra Modi Locations: India, Tamil Nadu
☆ I raised my son in Germany until he was 6. Now, we're back in the US, and my family is going through reverse culture shock.
  + stars: | 2024-04-19 | by ( Liz Humphreys | ) www.businessinsider.com   time to read: +6 min
Liz Humphreys moved to Europe with her husband and raised her son in Berlin until he was 6. AdvertisementMy family has been back in New York City for a year and a half, and we're still struck by all the "rules" surrounding kids here. JF GrossenBerlin was affordable for raising a family and had great childcareIn 2012, my husband and I moved to Europe from New York City for work. He also had difficulty adjusting to all of the structure around the school day. In the 2024 Safety Index by Global Residence Index, Berlin ranked 46, while New York City was 107.
Persons: Liz Humphreys, —, Prenzlauer Berg, resignedly, we're, JF Grossen, it's, I've Organizations: Service, JF, London —, Berlin, New Locations: Europe, Berlin, New York, Prenzlauer, playdates, New York City, Amsterdam, London, Germany, Manhattan, Kita, Germnay
☆ New Zealand finance minister discusses rate outlook and inflation
  + 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 EmailNew Zealand finance minister: Rates aren't going down until inflation 'stickiness' is reducedNicola Willis, finance minister of New Zealand, discusses the country's inflation forecast and what the government and central bank are doing to get inflation back into the target range.
Persons: Nicola Willis Locations: Zealand, New Zealand
☆ Oil disruption fears in the Middle East are getting real after reports of an Israel strike on Iran
  + stars: | 2024-04-19 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Read previewOil prices jumped while stocks sold off after reports of an escalation in Middle East tensions. International benchmark Brent crude oil futures rose as much as 4.2% before trading 2.8% higher at $89.54 a barrel at 11:15 p.m. EDT. The strike on Friday came days after Iran attacked Israel on Saturday with a barrage of more than 300 missiles and drones. Israel didn't claim responsibility for the strike, but Iran held it accountable and vowed retaliation. Oil markets shrugged off Iran's attack on Israel as the market assessed the conflict would remain contained.
Persons: —, Israel didn't, Israel, Kyle Rodda, Rodda Organizations: Service, Brent, US West Texas, Business, ING, Stock Locations: East, Israel, Iran, Iran's, Damascus, Syria
☆ Zuckerberg says Meta's Llama 3 is really good but no chatbot is sophisticated enough to be an 'existential' threat — yet
  + stars: | 2024-04-19 | by ( Lloyd Lee | ) www.businessinsider.com   time to read: +1 min
Meta launched the latest iteration of its chatbot, Llama 3, on Thursday. Mark Zuckerberg said the chatbot is "state-of-the-art" and has improved reasoning. AdvertisementMeta launched the latest iteration of its AI chatbot on Thursday with Llama 3, and CEO Mark Zuckerberg says it's supposed to be really good. The new model boasts "state-of-the-art" performance on various industry-standard benchmarks and comes with "improved reasoning," according to a company blog post. Meta said that it will integrate the model into its AI assistant, Meta AI, which will be available to use across other Meta products, including Instagram.
Persons: Meta, Mark Zuckerberg, —, it's Organizations: Service, Meta, Business
☆ Israel strikes Iran, according to multiple reports
  + stars: | 2024-04-19 | by ( Sarah Gray | Jake Epstein | Kelsey Vlamis | ) www.businessinsider.com   time to read: +1 min
Explosions were heard in Iran, according to CNN, which cited Iranian state media outlet FARS. There's still a lack of clarity around the reported explosions, but there are multiple reports of an Israeli strike. AdvertisementExplosions were heard near an Iranian military base, and multiple reports, citing US officials, say that Israel struck Iran. CNN, citing the semi-official FARS news outlet, reported the explosions were heard in the city of Ghahjaworstan, which is located near Isfahan, Iran. The Iranian news outlet said that "the city of Ghahjaworstan is located near Isfahan Airport and the eighth hunting base of the Army Air Force."
Persons: — Organizations: CNN, Service, Army Air Force, Business Locations: Iran, FARS, There's, Israel, Ghahjaworstan, Isfahan, Iranian, Isfahan Airport
☆ Satellite images show Russia's been upgrading its Black Sea Fleet naval base after being pounded by Ukraine's attacks: UK defense ministry
  + stars: | 2024-04-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +1 min
Russia has been fortifying its Black Sea Fleet naval base, says the UK's defense ministry. The ministry added that the Black Sea Fleet has become less active after its commander was replaced. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussia has been beefing up the defenses for its Black Sea Fleet naval base in Novorossiysk, the UK's defense ministry said in an intelligence dispatch on Thursday.
Persons: — Organizations: Sea Fleet, Service Locations: Russia, Ukraine, Novorossiysk
☆ Why there is no such thing as luck, according to this entrepreneur and reality TV star
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: 1 min
If you are waiting for the stars to align for your next big break, don't bank on it. According to businesswoman and reality TV star Ann Kaplan Mulholland, there is no such thing as luck. "Luck is where preparedness finds and recognizes an opportunity," she told CNBC's My Biggest Lessons. "If you're not open, if you're not aware, you will not recognize when an opportunity comes in front of you," said Kaplan Mulholland. She added that there is also no such thing as bad luck.
Persons: Ann Kaplan Mulholland, CNBC's, Kaplan Mulholland
☆ Oil prices jump 3% on reports of explosions in Iran
  + stars: | 2024-04-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: 1 min
A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024. Oil prices jumped more than 3% after unconfirmed reports of explosions near the Iranian city of Isfahan. Iran's Fars news agency reported that explosions were heard near the Isfahan airport, but emphasized that the reasons were unknown. Global benchmark Brent traded 3.63% higher at $90.27 a barrel, while the U.S. West Texas Intermediate rose 3.66% to $85.76 per barrel. Spot gold prices surged to a fresh all-time high of 2,411.09 per ounce, while the yen strengthened 0.45% to 153.93 against the U.S. dollar.
Organizations: Brent, U.S . West Texas, U.S . Locations: Elk, California, United States, Iranian, Isfahan, Iran's Fars, U.S
☆ As India heads to the polls, the pros name 8 top stocks to buy
  + stars: | 2024-04-19 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com   time to read: +6 min
"The stars have aligned for India in terms of demographics, population and market movements. Peeyush Mittal, portfolio manager at Matthews Asia, agrees with the consensus that Modi will win a majority once again — which would be a "non-event" for markets. Conrad Saldanha, portfolio manager at the Neuberger Berman Emerging Markets Equity Fund, agrees. Among the companies on his watch are power equipment player Bharat Heavy Electricals and engineering conglomerate Thermax , amid an expected expansion in power generation capacity. According to FactSet data, 24 of the 26 analysts covering the stock have a buy or overweight rating on it.
Persons: Narendra Modi, Neil Bahal, Peeyush Mittal, Modi, Mittal, Conrad Saldanha, Neuberger Berman, Bharat, Neuberger Berman's Saldanha, Saldanha Organizations: South, Bombay Stock Exchange, CNBC Pro, —, Matthews Asia, Reserve Bank of, India Fund, Neuberger, Markets Equity Fund, Cummins India, Investor, Bharat Electronics, ICICI, HDFC, IndusInd Bank, Apollo Locations: Hong Kong, India, Reserve Bank of India, Saldanha
☆ Taiwan Stock Exchange CEO: We are confident in our capital markets
  + 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 EmailTaiwan Stock Exchange: We're confident in our capital markets no matter who next U.S. president isSherman Lim, chairman and CEO of the Taiwan Stock Exchange, discusses the exchange's outlook for the year.
Persons: Sherman Lim Organizations: Taiwan Stock Exchange
☆ Here are the 6 stocks that rise when Nvidia shares fall
  + stars: | 2024-04-19 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +2 min
Six stocks in the S & P 500 rise often whenever Nvidia shares fall, according to a CNBC Pro analysis. A correlation of 0 would indicate no statistical link between Nvidia's stock and the share price of the six companies. Correlated returns also do not indicate causation or guarantee future returns or price action patterns. The below table highlights the 10 stocks in the S & P 500 with the strongest inverse correlation with Nvidia's share price. Trivariate Research's Adam Parker also named eight steady growth stocks that could replace Nvidia if investors are concerned that they are overexposed to it.
Persons: Jack Daniel's, Brown, Forman, Henry Schein, Katie Stockton, Trivariate Research's Adam Parker Organizations: Nvidia, CNBC, Electronic Arts, CNBC Pro Locations: U.S, lockstep
☆ China just made it even harder for people in the country to access WhatsApp and Threads
  + stars: | 2024-04-19 | by ( Shubhangi Goel | ) www.businessinsider.com   time to read: +1 min
Apple has removed WhatsApp and Threads from its Chinese app store following a government order. WhatsApp has been blocked in China since 2017 and its parent company Meta since 2009. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementApple removed WhatsApp and Threads from its app store in China after being told to do so by the Chinese government, according to the Wall Street Journal. "We are obligated to follow the laws in the countries where we operate, even when we disagree," an Apple spokesperson told The Journal.
Persons: WhatsApp, — Organizations: Apple, Meta, Spotify, Service, Wall Street, Business Locations: China
☆ Modi’s Power Keeps Growing, and India Looks Sure to Give Him More
  + stars: | 2024-04-19 | by ( Mujib Mashal | ) www.nytimes.com   time to read: 1 min
As he campaigns across India for an election that begins on Friday, Prime Minister Narendra Modi speaks of his insatiable ambitions in terms of dinner-table appetite. Roofs over heads, water connections, cooking gas cylinders — Mr. Modi reads down the menu of what he calls the abundant “development” he has provided to India’s poor. “The main course is yet to come.”To Mr. Modi’s legions of supporters, a third term would bring more of what they find so appealing in him. He is that rare breed of strongman who keeps an ear to the ground. He has built an image as a tireless, incorruptible worker for a country on the rise.
Persons: Narendra Modi, Modi, Modi’s Locations: India
☆ Asia markets trade lower tracking Wall Street's losses; Japan inflation numbers watched
  + stars: | 2024-04-19 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: 1 min
Asia-Pacific markets were all lower on Friday, tracking Wall Street's losses overnight and giving up gains from the previous day. Traders will also be watching chip stocks, after Taiwanese chip giant Taiwan Semiconductor Manufacturing Corp beat first quarter revenue and profit expectations on Thursday. Japan released March inflation data, with the headline inflation rate coming in at 2.7%, down from the 2.8% seen in February. The core inflation rate — which strips out fresh food prices — stood at 2.6%, in line with expectations from economists polled by Reuters. Japan's benchmark Nikkei 225 was down 1.88% after the inflation reading, while the broad based Topix fell 1.3%.
Organizations: Traders, Taiwan Semiconductor Manufacturing Corp, Reuters, Nikkei Locations: Asia, Pacific
☆ Japan's March inflation slows to 2.6%, eyes are now on Bank of Japan move
  + stars: | 2024-04-19 | by ( ) www.cnbc.com   time to read: +1 min
Japan's core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank's 2% target, government data showed on April 19, 2024. Japan's core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank's 2% target, government data showed on Friday. The nationwide core consumer price index (CPI), which excludes fresh food items, rose 2.6% in March from a year earlier after rising 2.8% in February. The "core core" index, which excludes both fresh food and energy costs and is closely watched by the Bank of Japan as a key gauge of broader inflation trends, rose 2.9% after increasing 3.2% in February. The BOJ has said a virtuous cycle of sustained, stable achievement of its 2% price target and strong wage growth was crucial for normalizing policy.
Organizations: Bank of Japan
☆ China faces a difficult balancing act managing its currency: Strategist
  + 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 EmailChina faces a difficult balancing act managing its currency: StrategistFrancesca Fornasari of Insight Investment expects the Chinese Yuan to remain 'relatively steady' against the U.S. dollar, but says that creates spillover effect to other Asian currencies.
Persons: Francesca Fornasari, Yuan Organizations: China, Insight Investment, U.S .
☆ Xi Jinping’s Green Leap Forward - The New York Times
  + stars: | 2024-04-19 | by ( Jacob Dreyer | ) www.nytimes.com   time to read: +1 min
He has brushed aside Deng Xiaoping’s maxim “To get rich is glorious” in favor of centralized planning and Communist-sounding slogans like “ecological civilization” and “new, quality productive forces,” which have prompted predictions of the end of China’s economic miracle. In recent years, the transition away from fossil fuels has become Mr. Xi’s mantra and the common thread in China’s industrial policies. It’s yielding results: China is now the world’s leading manufacturer of climate-friendly technologies, such as solar panels, batteries and electric vehicles. Last year the energy transition was China’s single biggest driver of overall investment and economic growth, making it the first large economy to achieve that. This raises an important question for the United States and all of humanity: Is Mr. Xi right?
Persons: Jinping, Deng, Xi Locations: China, United States
☆ Modi’s BJP is set to majorly boost its vote share in opposition-ruled Tamil Nadu as India goes to polls
  + stars: | 2024-04-19 | by ( Vinay Dwivedi | ) www.cnbc.com   time to read: +6 min
More than 62.2 million voters will choose among 950 contestants in Tamil Nadu. The DMK won the Tamil Nadu state elections in 2021, defeating the incumbent AIADMK. Prominent poll strategist Prashant Kishor reportedly said he expects the BJP to get "double digit" vote share in Tamil Nadu. Though the jump in vote share in Tamil Nadu will be substantial compared with 2019, BJP might just win one or two constituencies, Kumar said. Seated opposite from him was Geetha, a Modi supporter, who said: "Modi is superman, but DMK will sweep Tamil Nadu.
Persons: Narendra Modi, Abhishek Chinnappa, Bharatiya Janata Party —, India Anna Dravida, Narendra Modi's, Jayalalithaa, Karunanidhi, Modi, Narayanan Thirupathy, Thirupathy, Prashant Kishor, Kishor, Sanjay Kumar, Kumar, Sarvanan, Nagar, Geetha, DMK's Sarvanan Organizations: Getty, Getty Images, India's, Nationwide, Indian National Congress, Bharatiya Janata Party, Dravida Munnetra Kazhagam, DMK, India Anna Dravida Munnetra Kazhagam, AIADMK, BJP, CNBC, Narendra Modi's BJP, Tamil, Political, NDTV, Wednesday, Developmental Inclusive Alliance, India Locations: INDIA, Mysuru, India, Getty Images CHENNAI, Tamil Nadu, Dravida, Tamil, BJP, Telangana, New Delhi
☆ China's fiscal stimulus is losing its effectiveness, S&P says
  + stars: | 2024-04-19 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +1 min
BEIJING — China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings senior analyst Yunbang Xu said in a report Thursday. The analysis used growth in government spending to measure fiscal stimulus. "In our view, fiscal stimulus is a buy-time strategy that could have some longer-term benefits, if projects are focused on reviving consumption or industrial upgrades that increase value-add," Xu said. The head of the top economic planning agency said in March that China would "strengthen macroeconomic policies" and increase coordination among fiscal, monetary, employment, industrial and regional policies. High debt levels limit how much fiscal stimulus a local government can undertake, regardless of whether a city is considered a high or low-income region, the S&P report said.
Persons: Yunbang Xu, Xu Organizations: Global Locations: Nanning, Guangxi Zhuang, China, BEIJING, Shenzhen, Bazhong, Sichuan
☆ How the super rich will watch the 2024 Paris Olympics
  + stars: | 2024-04-18 | by ( Chrissie Mcclatchie | ) edition.cnn.com   time to read: +10 min
Olympic luxury packages are already on sale, offering exclusive access to the sporting spectacle, alongside very upscale travel and accommodation experiences. And this year, there’s no bigger sporting event than the Paris 2024 Olympic Games. Tour operator Kensington Tours says it has two clients coming into Paris for the first seven nights of the Games. “Paris presents a wealth of opportunities for luxury travelers to indulge in during the Olympics,” Adto Teppa says. Pierre MonettaTo ensure their clients have access to Paris’ most prestigious hotels, many luxury travel advisers have made blanket bookings at properties across the city.
Persons: cher, Barnabas Carrega, “, ” Carrega, ’ Carrega, Ducasse, Alain Ducasse, won’t, They’ll, they’ll, AZA, Angela Adto Teppa, ” Adto Teppa, Palais, Paris, Andrea Galvez, ”, Galvez, Pierre Monetta, We’ve, Dave Guenter, Crillon, Nicolas De Gols, De Gols, Fraser Yachts, Askari, Patrick Locqueneux, Clément Bru, Charles de Brosses, Cookoon, “ We’ve, ” Bru, Henri Jayer Vosne, Domaine, Conti, de Mars, Simone Biles Organizations: CNN, Paris, CNN Travel, Michelin, Olympic, Kensington, Eiffel, Palais Garnier, Travel, Opera Ballet, Travel Group, Le Bristol Paris, Paris ’, Royal, Raffles, “, Royal Monceau’s, Nice, Tahiti, Fraser Locations: Paris, American, Alma, Kensington, Oahu, Hawaii, New York, Rosewood, Le Bristol, Raffles Paris, Marseille, Polynesia, Teahupo’o, Tahiti, Monaco, France, Burgundy
☆ Live updates: Donald Trump's hush money trial
  + stars: | 2024-04-18 | by ( Cnn'S Jeremy Herb | Lauren Del Valle | Kara Scannell In The Courthouse | ) edition.cnn.com   time to read: +1 min
Donald Trump's Truth Social posts repeating unsubstantiated claims about potential jurors is "baiting" Judge Juan Merchan into acting and "thumbing his nose at the system," Elliot Williams, CNN legal analyst, said. "However, it is not entirely straightforward under New York law what happens next," Williams added. Prosecutors say Trump has violated his gag order seven more times, pointing to posts online and calling the situation "ridiculous." Williams notes that despite the repeated violation allegations, Merchan can't just throw Trump in jail. The judge has to bring Trump in for a hearing and he has to decide if it's a civil or criminal proceeding.
Persons: Donald Trump's, Juan Merchan, Elliot Williams, Williams, Trump, Merchan, he's Organizations: CNN, Prosecutors, Trump Locations: York
☆ The world’s best airports for 2024, according to Skytrax
  + stars: | 2024-04-18 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +5 min
For the last decade, Singapore’s Changi International Airport and Doha’s Hamad International Airport have been going back and forth, battling over the title of ‘world’s best’. European airports dominateNine of the top 20 best airports are in Europe, including Vienna, Madrid and Istanbul. Kansai International Airport (KIX), which serves the Osaka area, scored the award for the world’s best airport baggage delivery. El Dorado International Airport (BOG), which serves Bogota, Colombia, was voted the best airport in South America, while Panama Tocumen Airport (PTY) won the honor of best airport for Latin America and the Caribbean. The world’s best airports for 20241.
Persons: CNN — Ali, Frazier, ‘, Badr Mohammed Al Meer, It’s, Charles de Gaulle, ORY, Indira, Skytrax, Paris Charles de Gaulle Organizations: CNN, The Red Sox, Yankees, Doha, Singapore, Singapore’s, Singapore’s Changi International Airport, Doha’s Hamad International, Hamad International, Airport, ” Qatar Airways Group’s, Oryx, Paris, Paris ’, Rome Fiumicino Airport, Zurich, Vantaa, Haneda, New, Chubu Centrair International, Kansai International, Vancouver International, Melbourne Airport, MEL, Australia, Indira Gandhi International Airport, Cape Town Airport, King Shaka International, El Dorado International, Panama Tocumen, TWA, New York JFK, Hyatt Regency Shenzhen, Hilton Munich Airport, Crowne Plaza Changi Airport, Doha Hamad, Singapore Changi, Seoul Incheon, Tokyo Narita, Dubai, Munich, Istanbul, Hong Kong, Rome Fiumicino, Vienna, Madrid, Barajas, Vancouver, Kansai, Melbourne, Copenhagen Locations: Singapore’s Changi, Doha’s, Qatar’s, Singapore, Doha, “, Frankfurt, Germany, Europe, Vienna, Madrid, Istanbul, Paris, Skytrax, Rome, Helsinki, HEL, Japan, Asia, Haneda, Narita, New Chitose, Sapporo, Nagoya, Osaka, North America, Down, Pacific, India, Cape, Africa, Durban, Bogota, Colombia, South America, Panama, America, Caribbean, New York, China, Tokyo, Vantaa
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