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Israeli and US officials often had some sense of the general area where Sinwar was hiding over the long months. The only way in is with an Israeli military escort, which means reporters are only allowed to see what Israel wants them to see. In the moments before his death — which Israeli officials have said was caused by a bullet to the head — Israeli troops flew a drone into the heavily damaged building where he had fled. A video from the drone, released by the Israeli military, offers a silent account of his final moments. To the end, US intelligence officials believed that Sinwar was unconcerned with his own mortality, and determined to continue the fight.

Persons: Yahya Sinwar, United States —, Sinwar, Hassan Nasrallah, Nasrallah, Israel, Khan Younis, Khan Yunis, Said Khatib, Ibrahim Sinwar, Tal Al Sultan, Tal, — Organizations: CNN, United, Brigade, CIA, IDF, Israeli Defense Forces, Getty, Israel Defense Forces Locations: Washington ,, Israel, United States, Gaza, Doha, Lebanese, Iran, Khan, AFP, Rafah, Tal Al, Washington

☆ A famed economist who called the 2008 recession warns stocks are in a 'mega-bubble' with the S&P 500 ahead of fundamentals by at least 25%
▼ + stars: | 2024-10-19 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Economist David Rosenberg warns the stock market is in a "mega-bubble." The S&P 500 continues to register new highs and has climbed an incredible 23% so far this year. For investor positioning, here's household equity ownership as a percentage of assets as of the start of this year. Related storiesBy Rosenberg's measure, the S&P 500 is at least 25% higher than where fundamentals suggest it should be. AdvertisementSince then, the S&P 500 has risen to 5,864.

Persons: David Rosenberg, Rosenberg, —, That's, it's, J.P, Morgan Organizations: Service, Rosenberg Research, Federal Reserve

☆ The under-the-radar bull case for bitcoin that's got nothing to do with the election or the Fed
▼ + stars: | 2024-10-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Bitcoin that's lost either when an investor dies or is simply locked out of their wallet reduces available supply. Estate planning is crucial for bitcoin investors who store the coin on a cold wallet, experts say. Satoshi Nakamoto being deceased would potentially soothe a big fear that's loomed over the bitcoin market for years, which is that the person could sell their estimated 1 million bitcoin. If no one has your private key, the funds will be locked permanently," Wealthica CEO Eric Lemieux told Business Insider. Otherwise, more lost bitcoin could mean even higher prices for the crypto.

Persons: Bitcoin that's, —, Donald Trump, Satoshi Nakamoto, Len Sassaman, Satoshi, Sean Farrell, Farrell, That's, bitcoin, Eric Lemieux, Lemieux Organizations: Service, HBO, Yorker Locations: American, Wales

☆ Kmart shoppers bid a wistful farewell to the last outpost of a once-beloved ‘mainstay’
▼ + stars: | 2024-10-19 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The demise of a former trendsetterThe Bridgehampton store opened in 1999, taking the place of a former regional discount store, Caldor. When the retailer emerged from bankruptcy it still had 231 Sears and 191 Kmart stores, but those were also almost all doomed. A worker pushes a cart through the empty section in the Bridgehampton Kmart the size of a football field. Laura Oliverio/CNNSeth and Victoria Black say they will miss the Bridgehampton KMart when it closes for good this weekend. The demise of the chain, and the Bridgehampton store, brought back memories for the shoppers this week.

Persons: Shahlise Cherry, Deborah Arnone, It’s, she’d, Cherry, “, what’s, Laura Oliverio, CNN Shahlise Cherry, ”, “ We’d, Sebastian Spering Kresge, Eddie Lampert, Lampert, CNN Jessica Cohan, CNN Bridgehampton, Sarah Bullock, Bullock, CNN Seth, Victoria Black, Victoria, CNN “, Jessica Cohan, Lucas, Smoky Joe, Seth Black Organizations: NY CNN, Kmart, RadioShack, Sears, Shoppers, CNN, Walmart, Sports Authority, Borders, Long, Target, Hamptons, KMart, Victoria Black Locations: NY, America, United States, Bridgehampton , New York, retailing’s, Miami, Virgin Islands, Guam, Detroit, Long, Riverhead, ”, Smoky

☆ Taylor Swift is flexing her economic muscles again with the return of her tour and a new book
▼ + stars: | 2024-10-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Taylor Swift has a new book coming out, but how she's doing it might create some bad blood with publishers . On Tuesday, Swift announced plans to self-publish "The Eras Tour Book," a behind-the-scenes look at her record-breaking tour that'll be released exclusively at Target on Black Friday. News of a Taylor Swift book should have sent a publisher jumping for joy at the potential revenue. AdvertisementBig stars like Swift are exactly who book publishers are banking on these days. But even so, Miami, New Orleans, and Indianapolis — her remaining US tour dates — won't mind Swift coming to town.

Persons: —, Meta, Taylor Swift, Chelsea Jia Feng, Taylor, Swift, Samantha Grindell, Madeline Berg, George Walker IV, we're, Natalie Ammari, it's, Goldman Sachs, Kalshi, Donald Trump, Trump, Blackstone, Jon Gray, Walid Berrazeg, It's, Lebaredian, Uber, Dara Khosrowshahi's, Tyler Le, Matt Garman, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Target, AP, Indianapolis, Super Bowl, UBS, Getty, Financial, Wall, Blackstone, Trump, Investors, Taiwan Semiconductor Manufacturing, TSMC, Optimus, Financial Times, Netflix, American Express Locations: Miami, Miami , New Orleans, Glendale , Arizona, Hsinchu, ASML, Texas, California, New York, London

☆ Israel's Sinwar video shows the chilling reach of battlefield drones
▼ + stars: | 2024-10-18 | by ( Matthew Loh | Mia Jankowicz | ) www.businessinsider.com time to read: +7 min

Only 13 years ago, the world learned of what were Muammar Gaddafi's last few moments through shaky video filmed on cellphones. Small drones are a critical feature of combat in Ukraine, where they've been used for battlefield observation and attack. The hovering quality of the Sinwar video indicates it was likely filmed by a quadcopter. AdvertisementThe astounding wealth of drone-fed intelligence, surveillance and reconnaissance has made more of the battlefield visible than ever before. Nonetheless, technological advances mean that drones watching the battlefield will be a ubiquitous feature of future wars, a looming threat to ground troops and fleeing leaders.

Persons: Israel, Yahya Sinwar's, —, Yahya Sinwar, Sinwar, Yahya Sinwar’s, GJGDlu7bie, Nadav Shoshani, Muammar Gaddafi's, Mauro Gilli, Gilli, they've, It's, Volodymyr Zelenskyy, Maria Berlinska, Guy Prives Organizations: Service, Swiss, ETH Zurich, Anadolu, Getty, Pentagon, IDF Locations: Libyan, It's, Ukraine, Russian, Moscow, Kursk, Israel

☆ US election looms over NATO discussions to Trump-proof Ukraine aid
▼ + stars: | 2024-10-18 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +7 min

NATO officials say they are preparing for the US to take on a lesser role. “I’m very worried,” the NATO official said. But that mechanism, known as NATO Security Assistance and Training for Ukraine, is not yet fully operational and won’t be for several more months, another NATO official said on Friday. Russia alone is producing around 3 million munitions per year, while NATO collectively is producing less than 2 million annually, NATO officials said on Thursday. NATO Secretary General Mark Rutte said on Thursday that he was confident the alliance “will not lose” its unity when it comes to Ukraine.

Persons: Donald Trump, Defense Lloyd Austin, Volodymyr Zelensky, ”, Joe Biden, Austin, Trump, Biden, James O’Brien, O’Brien, “, ” Austin, Russia It’s, Mark Rutte, Vladimir, Putin Organizations: Brussels CNN, NATO, Defense, Ukraine, Trump, ”, NATO Security Assistance, Training, State, Eurasian Locations: Brussels, Ukraine, Iran, North Korea, China, Russia, ”, Europe, NATO, EU, Hungary, Riga, ” North Korea, Moscow, Korea, Kyiv, “

☆ These are the biggest challenges facing the US Army in the Pacific, according to a general readying for the next war
▼ + stars: | 2024-10-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The US Army has been wargaming in the Indo-Pacific, preparing for what a future war might look like. "It is really hard to replicate that other than just training here in the region," Evans said. JPMRC allows the Army to test its combat readiness in the tropical, archipelago environments of the Pacific. Evans explained that nighttime operations remain a top priority for the Army, and JPMRC allows soldiers the opportunity to develop that "perishable skill." Mysti Bicoy"Sustainment is one of the things that we are focusing on in this training because of the disparate nature of the region," Evans explained.

Persons: —, Marcus Evans, Mariah Aguilar, wargamed, Evans, JPMRC, Tiffany Banks, USARPAC's, Charles Flynn, John Pershing, Sgt, Mysti, we're Organizations: US Army, Service, Army, US, 25th Infantry Division, U.S, Joint Pacific Multinational Readiness, Troops, Pacific . U.S, Staff, 11th Airborne, sustainment, Pacific, . Air National Guard Locations: Hawaii, Pacific, China, Alaska, Japan, Philippines, Ukraine

☆ Here's what Wall Street money managers are doing to prepare their portfolios for their 3 biggest election concerns
▼ + stars: | 2024-10-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

As election day draws near, 400 Wall Street money managers identified their top concerns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Policy initiatives could have a significant impact on the economy, especially on issues concerning inflation, the housing market, employment, and international trade. Investors can benefit from both parties: Republicans would likely pass investor-friendly tax and energy policy, while Democrats would pass more favorable US-China and trade policy. AdvertisementHere's what Wall Street is worried about this election cycle and how top money managers are preparing their portfolios for November.

Persons: —, Kamala Harris, Donald Trump, PGIM, Wall, Kara Murphy, –, isn't, Murphy, Trump, Harris, we've Organizations: Service, Republican, White House, Congress, Investors, Kestra Investment Management, Social Security, Biden, Research, Senate, Democrat Locations: China, Latin America, Southeast Asia, deglobalization

☆ You can now buy a $1,089 platinum bar from Costco—here's what to know before investing
▼ + stars: | 2024-10-18 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Recently, though, they've found something new to love about the wholesaler: precious metals. But it's far from the first time precious metals have been in vogue, especially among people looking to invest in them. In other words, with platinum not having changed much in price during gold's recent rise, precious metals investors may be wondering if it's the next big thing. But potential investors in gold or platinum should know some key differences. How to invest in precious metals

Persons: they've, Costco's, Trevor Yates, Rob Haworth, They're, Yates Organizations: Costco, Global, U.S, Bank Wealth Management

☆ Surge in active ETFs has been 'remarkable,' analyst says. How to know if it's right for your portfolio
▼ + stars: | 2024-10-18 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

But there has been a surge in actively managed ETFs as investors seek lower costs and more precision, experts say. Active ETFs represented just more than 2% of the U.S. ETF market at the beginning of 2019. There are a few reasons for the active ETF growth, experts say. Still, only a fraction of issuers have been successful in the active ETF market. Active ETFs allow 'tactical adjustments'While passive ETFs replicate an index, such as the S&P 500 , active managers aim to outperform a specific benchmark.

Persons: Morningstar, Stephen Welch, Welch, Jon Ulin Organizations: Getty, Exchange, U.S, Morningstar, U.S . Securities, Exchange Commission, Ulin, Wealth Management Locations: Boca Raton , Florida

☆ Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +5 min

The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.

Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza

☆ Gold climbs to record high as Hamas-leader death stokes geopolitical tensions
▼ + stars: | 2024-10-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Gold reached reached a new-all time high on Friday, topping $2,700 for the first time. Geopolitical tensions have been a driving force behind gold's record-setting rally in 2024. AdvertisementGold hit another record high amid simmering geopolitical unease in the Middle East. Futures climbed as much as 1% to $2,720 an ounce on Friday as the death of Hamas leader Yahya Sinwar late Thursday spurred renewed concerns of further geopolitical tension. According to analysts at ING, gold investors were responding to Israel's pledge to continue fighting, rather than de-escalate, per President Joe Biden's recommendation.

Persons: Gold, —, Yahya Sinwar, Joe Biden's, They've, Israel, Benjamin Netanyahu, Joe Biden, Alex Kutsikevich, there's Organizations: Service, ING, Traders, Reuters, UN Locations: Iran, Asia

The Archdiocese of Los Angeles has reached a historic $880 million settlement over hundreds of child sex abuse claims. The agreement in principle announced Wednesday settles 1,354 child sexual abuse claims, the plaintiffs’ attorney said in a news release. It is the largest single child sex abuse settlement with a Catholic archdiocese. In 2007, the archdiocese settled child sex abuse lawsuits with 500 victims for $660 million. No designated donations to parishes or schools will be used to finance the settlement, the archdiocese said in a statement issued after the settlement announcement.

Persons: ”, Morgan A, Stewart, José H, Gomez, “ Organizations: Catholic, Archdiocese, Angels, Google Locations: Los Angeles, California, “

☆ Crypto and meme stock boosters aren’t doing ‘Trump trades’ — they’re just doing trades
▼ + stars: | 2024-10-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.

Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, ”, Steph, “, Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, ”, Central

☆ Russia confirms it's going to make it more painful for companies to quit the country
▼ + stars: | 2024-10-17 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Russia has confirmed plans to raise a tax on foreign companies quitting the country. AdvertisementRussia has confirmed it will make it more expensive for foreign companies to quit the country. In March, RBC reported companies leaving Russia had already paid 35.7 billion rubles, or about $387 million, into Russia's budget. The process of leaving Russia is often complex, thorny, and costly. AdvertisementIn March, a Reuters analysis found that foreign companies had incurred costs of more than $107 billion in writedowns and lost revenue.

Persons: —, Anton Siluanov, Siluanov, McDonald's, Alexei Moiseyev, Yuri Nikolaev, Nikolaev, LeaveRussia Organizations: Service, RBC, Partners, Kyiv Institute of Economics Locations: Russia, Ukraine, Russian, writedowns, West

☆ Watch CNBC's full interview with Canyon Partners' co-CEO Josh Friedman
▼ + stars: | 2024-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Canyon Partners' co-CEO Josh FriedmanJosh Friedman, Canyon Partners co-founder and co-CEO, joins 'Money Movers' to discuss how much of the assets under management are in private credit, what the rate shift means for Canyon Partners, and much, much more.

Persons: Josh Friedman Josh Friedman Organizations: Canyon Partners

☆ This tiny country is giving $2,000 to every household as an Exxon oil boom supercharges its economy
▼ + stars: | 2024-10-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Guyana, the tiny South American nation, is giving $2,000 to every household in the country. AdvertisementThe world's fastest-growing economy is handing the equivalent of $2,000 to every household as it works to share its newfound oil wealth and soften the sting of higher living costs. Its oil fund held over $1.7 trillion of assets at the end of June, or more than $300,000 per Norwegian citizen. Sharing the wealthGuyana's $2,000 payment to households "sounds like great news," Karl Widerquist, a philosophy professor at Georgetown University-Qatar and the author of several books about universal basic income (UBI) told BI. Guyana's one-off, unconditional cash grant is a "positive step," Cleo Goodman, the basic income lead at the Autonomy Institute think tank, told BI.

Persons: —, Mohamed Irfaan Ali of, Ali, They've, Nicolas Suarez, Suarez, Karl Widerquist, Cleo Goodman Organizations: Service, Department, Public, Guyanese, P Global Market Intelligence, Resource Fund, Bank, Exxon, Guyana ramped, Monetary Fund, Georgetown University, Qatar, Autonomy Institute Locations: Guyana, Mohamed Irfaan Ali of Guyana, America, Riding, Britain, Venezuela, Brazil, Suriname, Netherlands

☆ For a limited time, Robinhood is offering users unlimited bonuses to transfer their investments
▼ + stars: | 2024-10-17 | by ( Business Insider | ) www.businessinsider.com time to read: +5 min

For a limited time, Robinhood is offering bonuses to users who transfer investments to the app. From October 16 to 27, claim HOOD Week bonuses of up to 3% on transfers for Robinhood Gold subscribers. If you've been considering choosing Robinhood Investing for your investments, the platform's brand-new HOOD Week is the time to make the switch. Cash management accounts availableCheck mark icon A check mark. Robinhood Gold is offered through Robinhood Gold LLC and is a subscription offering services for a fee.

Persons: you've, Robinhood Organizations: Robinhood Gold, HOOD, Federal Reserve, IRS, Robinhood, Robinhood Financial Locations: Robinhood, U.S

☆ Why 401(k) plans are the 'final frontier' for exchange-traded funds
▼ + stars: | 2024-10-17 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Momo Productions | Digitalvision | Getty ImagesWhile many investors have flocked to exchange-traded funds, they haven't gained much ground with 401(k) plan participants. The report found that 401(k) plans used ETFs most readily for sector and commodity funds — but even then, they did so just 3% of the time. Key benefits are 'irrelevant'Mutual funds, collective investment trust funds and separately managed accounts held the lion's share of the 401(k) assets across all investment categories, PSCA data shows. However, those benefits are "irrelevant" in 401(k) plans, Blanchett said. Blanchett said 401(k) plans are also long-term accounts in which frequent trading is generally not encouraged.

Persons: Momo, David Blanchett, hasn't, Philip Chao, Chao, Warren Buffett's, Blanchett Organizations: Exchange, Mutual, Morningstar, Investment Company Institute, ICI, of America, Vanguard Locations: John , Maryland

☆ Inside Blackstone's growing 'credit juggernaut'
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +7 min

Private lending is now Blackstone's largest business by assets, up 22% since last year. Inside Blackstone's growing "credit juggernaut." By contrast, Blackstone's private-equity business manages $344.7 billion, and its real-estate investing arm, the firm's largest business at the start of the quarter, has $325.1 billion. The largest third-party lenderWhile Blackstone now claims to be the largest third-party credit provider, Apollo is the largest non-bank lender with $562 billion in private credit assets under management. Blackstone's private credit arm has generated 16.7% in returns over the last twelve months, though falling interest rates "put some pressure on absolute returns," Gray said.

Persons: Jon Gray, —, Blackstone, Jonathan Gray, CLOs, Gray, Steve Schwarzman, that's, We're, It's, Schwarzman Organizations: Service, Blackstone, Canada, Plan Investment Locations: New York, Asia, Pacific

☆ The B-2 stealth bomber used to hit the Houthis was built to strike the toughest targets
▼ + stars: | 2024-10-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.

Persons: —, Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia

☆ China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
▼ + stars: | 2024-10-17 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Since then, economists have been expecting an additional stimulus package worth up to 10 trillion yuan ($1.4 trillion) to restore bullishness in the world’s second-largest economy. Chinese Housing Minister Ni Hong attends a press conference on the property sector in Beijing, China, on October 17, 2024. Widespread concernThe ailing property sector is widely believed to lie at the root of China’s numerous economic woes. It also cut the reserve requirement ratio for banks by half a percentage point, which would free up about 1 trillion yuan ($142 billion) for new lending. The resulting crisis has resulted in a precipitous fall in real estate prices and loss of confidence among consumers.

Persons: Xi Jinping, Housing Ministry didn’t, Larry Hu, “, ”, Ni, Minister Ni Hong, Florence Lo, Xiao Yuanqi, Pan Gongsheng Organizations: Hong Kong CNN, Housing Ministry, Macquarie, CNN, ” Investors, Ministry of Housing, Ni Hong, Minister, Administration Locations: China, Hong Kong, Shanghai, Beijing

☆ US says B-2 stealth bombers struck hidden Houthi weapons, sending a message to foes that nothing is out of reach
▼ + stars: | 2024-10-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

The strikes targeted Houthi weapons storage facilities, according to the Pentagon. US B-2 bombers were part of the operation, marking their first known involvement in the Houthi conflict. AdvertisementThe US military hit Houthi targets in Yemen with multiple "precision strikes," the Pentagon announced late Wednesday evening. The strikes on Wednesday — early Thursday local time — mark the latest US bombardment of Houthi targets in Yemen. American forces targeted the rebels earlier this month.

Persons: —, Defense Lloyd Austin, Austin Organizations: Pentagon, Service, Defense, Navy, US Air Force, of Defense, US Central Command, US Locations: Yemen, Iran, United States, Gulf of Aden, Israel

☆ CNBC's Inside India newsletter: The changing face of India's rich
▼ + stars: | 2024-10-17 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +8 min

Speaking to CNBC's Inside India, Kohli noted that India's wealthy now come from a swathe of industries. India's stock market became the fourth-largest in the world at the start of the year, after overtaking Hong Kong. Meanwhile, those whose wealth that falls between 10 to 50 million Indian rupees are in the affluent category, he added. Historically, India's wealthy had a median age exceeding 50. Drivers of India's wealthThe growth in India's wealthy population comes in tandem with the nation's economic progress.

Persons: Ratan Tata, Waterfield, Ratan Tata —, Ambani, Himanshu Kohli, Kohli, Pramod Gubbi, Marcellus, Lee, Gubbi, Knight Frank, What's, Malcolm Dorson, Dorson Organizations: Tata Group, Fortune India, Tata Sons, Tata Steel, Tata Consultancy Services, Tata Motors, Titan Company, Marcellus Investment, Lee Kuan Yew, of Public, National University of Singapore, Bombay Stock Exchange, Global, Volvo, Apollo Locations: India, Tata, CNBC's, Hong Kong, Pune, Hyderabad, Ahmedabad, Chennai, U.S

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