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☆ A market hedge for traders if you believe this May comeback is a head fake
▼ + stars: | 2024-05-10 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The S & P 500 has risen nearly 10% in 2024 and has racked up twenty-two new all-time highs. Since I believe that this recent Fed-induced rally will stall, I want to be positioned to capture another potential pullback (even if shallow again). .SPX YTD mountain S & P 500 YTD Back in April, investors had very little interest in a string of U.S. Treasury auctions resulting in yields surging with the 10-year rate jumping to 4.7%. In the event you have long exposure to the S & P 500, this short call will serve as a hedge to that long exposure. I remain optimistic on the equity market in 2024 but, I believe the CBOE Volatility Index at 12 reveals complacency short-term.

Organizations: Federal Reserve, Treasury, Trust Locations: U.S

☆ There’s a surprising bit of good news lurking in the stock market
▼ + stars: | 2024-05-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.

Persons: “, ”, Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, ’, India

☆ Jim Simons, billionaire hedge fund founder, dies at 86
▼ + stars: | 2024-05-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. According to his foundation, Simons was fired from the institute in 1968 due to his opposition to the Vietnam War. Simons then joined the faculty at Stony Brook University as the head of the school’s mathematics department. Last year, Simons’ foundation donated $500 million to Stony Brook’s endowment, the largest unrestricted gift to an American university in history, according to the Simons Foundation. “I joined Stony Brook University in 1968 as chair of their Department of Mathematics,” Simons said at the time.

Persons: Jim Simons, Simons, ” Simons, “, ” Organizations: CNN, Simons, Technologies, Massachusetts Institute of Technology, University of California, MIT, Harvard University, Institute for Defense, National Security Agency, Stony Brook University, Renaissance Technologies, Simons Foundation, of Mathematics Locations: New York City, Newton , Massachusetts, Berkeley, Princeton , New Jersey, Vietnam, American

☆ Jacob Zuma, Once Leader of the A.N.C., Becomes Its Political Rival
▼ + stars: | 2024-05-10 | by ( Lynsey Chutel | Joao Silva | ) www.nytimes.com time to read: 1 min

Jobless graduates, struggling business owners and army veterans marched through the eastern South African city of Pietermaritzburg this week, chanting the name “Jacob Zuma.”The 500 or so demonstrators brought to a standstill parts of the city, in KwaZulu-Natal Province — the traditional stronghold of Mr. Zuma, a past president of both South Africa and the African National Congress, the party that governed the country for three decades. Demanding water and electricity, the protest over commonplace local concerns was also a show of power for the new political party that Mr. Zuma now leads — uMkhonto weSizwe, or M.K. — with the hope of eroding the dominant position of his former allies. “We are going to have to fight for things to change,” said Khumbuzile Phungula, 49, who joined the march after her neighborhood went weeks without water. is all about change.”

Persons: “ Jacob Zuma, ”, Zuma, — uMkhonto, Khumbuzile Phungula Organizations: African National Congress Locations: African, Pietermaritzburg, KwaZulu, Natal Province, South Africa

☆ India’s time zone: Why the world’s most populous country has a unique one
▼ + stars: | 2024-05-09 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +8 min

India’s half-hour zone dates back to colonial rule of India and the era when ever-faster steamships and trains were shrinking the world. The start of the 20th century saw some push from scientific associations to calibrate India’s time to GMT. That recommendation was rejected by the colonial government, which opted for a unified time that sat squarely in the middle: five and a half hours ahead of GMT. In 2015, North Korea moved out of sync with South Korea by creating “Pyongyang Time,” putting the country eight and a half hours ahead of GMT instead of nine. India’s colonial-era time zone decision making, however, reflected a chorus of political, scientific and commercial voices both from within the government and outside of it, Gordon says.

Persons: Hulton, ”, Geoff Gordon, Gordon, “, it’s, Wong Maye, Hugo Chávez, Nicolas Maduro, Terry Gilliam, Rube Goldberg, Maulik Jagnani, Jagnani Organizations: CNN, East India Company, Hulton Deutsch, University of Amsterdam, Madras, Washington D.C, Greenwich Meridian, Greenwich Observatory, Meridian, Royal Society, Prime Meridian, Physical Laboratory, Tufts University, NPL Locations: New York, London, Tokyo, Iran, Myanmar, Australia, India, British, Madras, Chennai, “, Bombay, Kolkata, Washington, London ., Greenwich, North Korea, South Korea, Korea, Pyongyang, Brazil, ”, Greenwich , London, China, Assam, Arunachal Pradesh, Gujarat

☆ Chinese Magnate in Straw Donor Scheme Agrees to Leave U.S. in Plea Deal
▼ + stars: | 2024-05-09 | by ( Karen Zraick | Bianca Pallaro | ) www.nytimes.com time to read: +1 min

A Chinese entertainment magnate who pleaded guilty to making more than $10,000 in illegal political campaign donations to three candidates, agreed in federal court on Thursday to give up his green card and leave the United States. Hui Qin, 55, had been in jail in Brooklyn since his arrest in October. One of the candidates was Mayor Eric Adams, according to two people familiar with the case, though none of the campaigns knew the donations were illegal, prosecutors said. In March, Mr. Qin pleaded guilty to charges of making campaign contributions in the names of others, immigration fraud and producing false identification. His company collapsed, he was the target of lawsuits and his wife, Emma Liu, left him, Mr. Mazurek said.

Persons: Hui Qin, Eric Adams, Qin, Henry Mazurek, Joan M, ”, Emma Liu, Mazurek Organizations: Mr Locations: United States, Brooklyn, Long, China

☆ Biden's threat to cut off weapons for Israel isn't the same as what got Trump impeached
▼ + stars: | 2024-05-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

Israel has already gone into Rafah, but Biden characterized their current level of involvement as short of his red line. I’m old enough to remember when Democrats impeached another President for supposedly withholding foreign aid that had been approved by Congress. The Government Accountability Office, a nonpartisan watchdog, formally concluded that the Trump administration broke the law in withholding congressionally approved aid to Ukraine. Biden relied on a bipartisan coalition to pass a $95 billion foreign aid package for Ukraine, Israel, and Taiwan. That said, while Biden will need bipartisan support to keep the government funded in September, he likely will not ask for more Ukraine aid anytime soon

Persons: —, Joe Biden, Sen, Tom Cotton, Trump, it's, Biden, Benjamin Netanyahu, Cotton, Trump's, Joe, Li, e ach the, ena, tod, lea, Tim, Joh Organizations: Service, Arkansas Republican, Democrats, Business, Hamas, Congress, Israel, kr, unm, acc Locations: Israel, Arkansas, Ukraine, Rafah, Gaza's, goa, pau

☆ Who could make up Trump's Cabinet? Here are the billionaires and other leaders that could rise to power if he wins a 2nd term
▼ + stars: | 2024-05-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Donald Trump's next Cabinet is unlikely to be like his first. Trump has said he's learned who he should keep around him if he wins election in November. AdvertisementFormer President Donald Trump has said his next Cabinet would not be like his last. The now-former president entered Washington as an unprecedented neophyte who had never held political office or served in the military. This story is available exclusively to Business Insider subscribers.

Persons: Donald Trump's, Trump, he's, —, Donald Trump, I'm Organizations: Service, Time Magazine, Washington, Business

☆ Biden’s Warning Over Rafah Sharpens a Problem for Netanyahu
▼ + stars: | 2024-05-09 | by ( Adam Rasgon | ) www.nytimes.com time to read: +1 min

President Biden’s warning over halting weapons supplies has tightened the bind that Prime Minister Benjamin Netanyahu of Israel faces, as he is increasingly caught between international calls for a cease-fire and right-wing Israeli demands to proceed with a wide-scale invasion of Rafah, in southern Gaza. Mr. Netanyahu, who has insisted over American objections that invading Rafah is necessary, now finds the U.S.-Israel relationship at a moment of crisis that could affect how he conducts the next phase of the war against Hamas. On Thursday, the Israeli leader, alluding to Mr. Biden’s remarks, said in a statement: “If we need to stand alone, we will stand alone. I have said that, if necessary, we will fight with our fingernails. “If we lose the United States with the unbelievable friendship of President Biden, it won’t be forgiven,” he added.

Persons: Biden’s, Benjamin Netanyahu, Israel, Netanyahu, God’s, Biden, ”, Amos Gilead Organizations: Hamas, United, United Nations Locations: Rafah, Gaza, U.S, Israel, United States

“They have chased down Jewish students. They have screamed at those who bear the Star of David.”Former President Donald J. Trump chimed in. Jewish students have been shouted at to return to Poland, where Nazis killed three million Jews during the Holocaust. There are chants and signs in support of Hamas, whose attack on Israel sparked the current war. A leader of the Columbia protests declared in a video that “Zionists don’t deserve to live.”

Persons: Mike Johnson, ”, jeers, David . ”, Donald J, Biden, “, Israel, don’t Organizations: Columbia University, Trump, Truth, Republicans, Columbia Locations: Gaza, Poland, Israel

☆ Analysis: Biden’s Rafah warning sends immediate shockwaves through US and global politics
▼ + stars: | 2024-05-09 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Hospitals are overstretched as Palestinians die in Israeli attacks on the suburbs and tens of thousands of people have already fled. For Netanyahu, the eradication of the group that carried out the October 7 attacks may be a matter of political survival. • Can Israel — as Netanyahu vows — go ahead alone in an operation even the US has disowned? • How would a full-scale offensive in Rafah further hamper already faltering attempts to secure a ceasefire between Israel and Hamas? Initially, Biden’s warning, delivered in an interview with CNN’s Erin Burnett in the swing state of Wisconsin on Wednesday, looks like a case of political whiplash.

Persons: Joe Biden’s, —, Reagan, Benjamin Netanyahu, ”, Biden, Donald Trump, Netanyahu, Will Biden’s, Israel —, pummel, he’s, Erin Burnett, CNN Alon Pinkas, CNN’s Becky Anderson, ” Pinkas, CNN’s Erin Burnett, Joe ”, Israel’s, Gilad Erdan, Yoav Gallant, “, dissing Biden, Mike Johnson, ” Trump, Trump, Bill Clinton, Barack Obama, Ronald Reagan’s, Massachusetts Sen, Elizabeth Warren Organizations: Washington CNN, CNN, Israeli, Gaza Health Ministry, United Nations, Democratic, Republicans, Trump, voters, Republican, House, Hamas, Party, GOP, CNBC Locations: Israel, Rafah, Washington, Gaza, Rafah —, New York, Wisconsin, United States, Europe, Michigan, Chicago, Vietnam, Iran, Damascus, Lebanon, Massachusetts

☆ Biden’s threat to halt weapons deliveries sparks anger and infighting among Israeli officials
▼ + stars: | 2024-05-09 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

The comment from Biden to CNN is a major setback for Israel’s war. The US is by far Israel’s most important and most powerful ally, and without its support, Israel’s firepower and ambitions in Gaza would be weakened. Despite mounting international pressure, the Biden administration has stood firmly with Israel, delivering weapons and other forms of support. Biden comments have sparked significant anger among some Israeli politicians. Other top Israeli officials also criticized Ben Gvir.

Persons: Joe Biden’s, Biden, CNN’s Erin Burnett, Gilad Erdan, Benjamin Netanyahu, ”, Netanyahu, Miki Zohar, Itamar Ben Gvir, Hamas ❤️ Biden, Isaac Herzog, Ben Gvir, Yair Lapid, Merav Michaeli, “ Netanyahu Organizations: CNN, United Nations, Likud, Twitter, National Security, Hamas, Yesh, IDF, Israeli Labor Party Locations: United States, Israel, Rafah, Gaza, State

☆ Bank of England's Andrew Bailey says cutting rates just before a UK election wouldn't be an issue
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of England's Andrew Bailey says cutting rates just before a UK election wouldn't be an issueBank of England Governor Andrew Bailey on Thursday played down any political pressure received by his institution.

Persons: England's Andrew Bailey, wouldn't, Andrew Bailey Organizations: Email Bank, England's, of England

☆ Opinion | Give Me Laundry Liberty or Give Me Death!
▼ + stars: | 2024-05-09 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

MAGA Republicans say that America is in crisis: The economy is collapsing while the nation is being overrun by hordes of violent immigrants. But if that’s what you believe, you should be laser-focused on fighting the clear and present danger, right? In April, Republicans planned to vote on a series of more specific bills: the Liberty in Laundry Act, the Refrigerator Freedom Act and more. Should the government be trying to limit home energy consumption? If so, should it do so with efficiency mandates for appliances, or in some other way?

Persons: MAGA, they’re Organizations: MAGA Republicans, Republicans, Appliances, Department of Energy, Liberty, Laundry Locations: America

☆ A millennial who went to college in his 30s when his career stalled says his Bachelor's degree is 'worthless' and that he's been looking for a job for 3 years
▼ + stars: | 2024-05-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A millennial quit his job in 2015 to pursue a college degree because his career growth had stalled. AdvertisementIn 2015, at age 34, Dan Colflesh decided to quit his job in the customer service industry and pursue a college degree. AdvertisementColflesh said he's been looking for work over the last few years and applied to more than 100 jobs. Colflesh has a few other theories for why his job search has been difficult. AdvertisementAre you a man who's not looking for work or has struggled to find a job?

Persons: he's, who've, —, Dan Colflesh, hasn't, Colflesh, it's, couldn't, He's Organizations: Service, University of Massachusetts, Bureau of Labor Statistics Locations: Massachusetts, University of Massachusetts Amherst, Appalachian

☆ Blue Zones researcher shares 2 cheap, 'revolutionary supplements' you can find in any grocery store
▼ + stars: | 2024-05-09 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

In those regions, he has found two cheap grocery store items that are a staple of many people's diets: Walnuts and beans. Related storiesBeans are hearty, cheap, protein-rich, belly-filling foods that people living in many of the world's longevity hotspots prioritize at almost every meal. Olive oil is also a science-backed addition to your dietBloomberg Creative/Getty Images"What about olive oil?" Behind the hype, there's good research backing up the benefits of regular olive oil consumption. "Olive oil shots!"

Persons: —, Peter Diamandis, Dan Buettner, Buettner, Nico Schnico, Michael Pollan, Diamandis, Bryan Johnson, there's Organizations: Service, Milken Institute Globel Conference, Business, Bloomberg, Blue Locations: Beverly Hills, Japan, Sweden, Greece, Australia, Loma Linda , California

☆ Opinion | The Part of the Kristi Noem Saga That I Can’t Shake
▼ + stars: | 2024-05-09 | by ( Michelle Cottle | ) www.nytimes.com time to read: +2 min

And yet I think many of us now feel we know a little too much about Kristi Noem, one of the more aggressive contestants in the MAGA pageant to be Donald Trump’s running mate. Second, when it comes to reminiscing about meeting world leaders, Ms. Noem has a touch of George Santos about her. But what was Ms. Haley really up to? According to Ms. Noem, Ms. Haley told her: “I’ve heard many good things about you. It was weird,” Ms. Noem recalls in her book telling her assistant.

Persons: Kristi Noem, Donald Trump’s, Noem, George Santos, Kim Jong, gunning, Wayne LaPierre, LaPierre, “, Nikki Haley, Haley, Ms, “ I’ve, ”, ’ Organizations: National Rifle Association Locations: MAGA, South Dakota, South Carolina

☆ Campus Protesters Are Demanding Colleges Divest From Israel. That Is Intellectually Impossible. - The New York Times
▼ + stars: | 2024-05-09 | by ( Gary Sernovitz | ) www.nytimes.com time to read: +1 min

“Disclose, divest, we will not stop, we will not rest” is a frequent chant ringing through pro-Palestinian college protests. A proposal Columbia students put forward in December calls for divestment from Microsoft, Airbnb, Amazon and Alphabet, among others. Administrators at some universities, including Brown and Northwestern, have agreed to talks with students about divestment as part of agreements to end campus encampments. Before the war in Gaza, it had been pretty easy for universities to make compromises around divestment demands, but those expedient choices are haunting them now. Every investment in elite schools’ endowments is up for debate.

Persons: Airbnb, Brown, “, ” Organizations: Hamas, Columbia, Microsoft, West Bank, University of Michigan Regents Locations: Israel, Columbia, Northwestern, Gaza

☆ 'It's our duty': Bank of England chief says cutting rates just before a UK election wouldn't be an issue
▼ + stars: | 2024-05-09 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Bank of England Governor Andrew Bailey addresses the media during the central bank's Monetary Policy Report press conference at the Bank of England, in London, Britain, on February 1, 2024. LONDON — Bank of England Governor Andrew Bailey on Thursday played down any political pressure received by his institution, confirming that a rate cut immediately before a General Election wouldn't be out of the question. This is especially true in election cycles if citizens are dealing with an economic downturn or a cost-of-living squeeze. The Bank of England, which became officially independent in 1998, is no stranger to this pressure with elections expected before the end of this year. The Bank is nearing its first rate cut since 2020, despite holding steady on Thursday.

Persons: Andrew Bailey, wouldn't, Bailey, CNBC's Steve Sedgwick, it's Organizations: England, Bank of England, LONDON — Bank of England Locations: London, Britain

☆ Senate Races to Pass Bill to Reauthorize F.A.A. and Improve Air Travel
▼ + stars: | 2024-05-09 | by ( Kayla Guo | ) www.nytimes.com time to read: +1 min

The Senate is racing against a Friday deadline to pass legislation to reauthorize the Federal Aviation Administration at a moment of intense uncertainty and disruption in the air travel system, but a host of policy disputes and unrelated issues are threatening to prolong the debate. As one of the few remaining bills considered a must-pass item this year, the F.A.A. package has become a magnet for dozens of amendments and policy riders that lawmakers are fighting for a vote on, which has slowed its progress in the Senate. and another $738 million to the National Transportation Safety Board for airport modernization, technology programs and safety. It also would bolster the hiring and training of air traffic controllers, codify airlines’ refund obligations to passengers and strengthen protections for passengers with disabilities.

Persons: Chuck Schumer, “ Organizations: Federal Aviation Administration, Senate, National Transportation Safety Board Locations: New York

CNN —Russia’s President Vladimir Putin said his forces were “always ready” to combat external threats, as he addressed crowds gathered at Moscow’s Red Square on Thursday to celebrate the Soviet Union’s victory over Nazi Germany in World War II. Around 27 million people in the Soviet Union died in World War II, more than in any other country. Russian Defence Minister Sergei Shoigu salutes soldiers as he is driven along Red Square. Russian Foreign Ministry spokeswoman Maria Zakharova told TASS in an interview that “unfriendly countries” were not invited for a third Victory Day since the war in Ukraine began. His Victory Day address comes just days after the Russian leader was inaugurated for a fifth term in office, in a carefully choreographed ceremony.

Persons: CNN —, Vladimir Putin, “, Putin, ” Putin, ”, Sergei Shoigu, Alexander Nemenov, Sefa, Shoigu, Alexander Lukashenko of, Emomali, Serdar, Miguel Diaz, Thongloun, Maria Zakharova, ” Zakharova, Mikhail Klimentyev, Reuters Putin Organizations: CNN, Nazi, Russian, Getty, Canel, Russian Foreign Ministry, TASS, Sputnik, Reuters, Kyiv, Kremlin Locations: Soviet, Nazi Germany, Russia, Ukraine, “ Russia, AFP, Red Square, Anadolu, Alexander Lukashenko of Belarus, Kazakhstan, Tajikistan, Turkmenistan, Cuba, Laos, Guinea, Bissau, Russian, United States

☆ Hunter Biden gun case: Appeals court refuses to toss Delaware case
▼ + stars: | 2024-05-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A federal appeals court on Thursday rejected a request by Hunter Biden to toss the pending criminal gun case against him, saying that his appeal was premature. The ruling clears the way for Hunter Biden's trial in the case to start on June 3 in U.S. District Court in Delaware. Biden is the son of President Joe Biden. The appeals panel, whose decision was unanimous, did not rule on the merits of Biden's arguments that the indictment should be dismissed. If Biden is convicted at trial, he could renew the arguments for dismissal with the same appeals court that it declined to consider in its order Thursday.

Persons: Hunter Biden, Joe Biden, Hunter Biden's, Biden, Abbe Lowell, Lowell, Maryellen Noreika Organizations: Republican, O'Neill, 3rd Circuit U.S, Circuit, Supreme, U.S, District, Republicans Locations: Washington , U.S, U.S, Delaware, Congress

☆ Corporate America Is Going Un-Woke: Reversing DEI, Sustainability Plan
▼ + stars: | 2024-05-09 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.

Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville

☆ Russia’s Victory Day parade masks simmering tensions inside Putin’s government and beyond
▼ + stars: | 2024-05-09 | by ( Nathan Hodge | ) edition.cnn.com time to read: +7 min

CNN —Russian President Vladimir Putin presided over a pared-back Victory Day parade Thursday, showcasing his country’s unity and resolve to continue the war on Ukraine. But since Russia launched its full-scale invasion of Ukraine, the massive military parade has been somewhat downsized. “The fate of the motherland, its future depends on each of us … We celebrate Victory Day in the context of the special military operation. All of Russia is with you!”But this year’s Victory Day is also happening against the background of a bribery scandal roiling Russia’s Ministry of Defense. Under Putin, Victory Day has assumed greater importance in national life.

Persons: Vladimir Putin, Putin, Putin —, “, ”, Timur Ivanov, Mikhail Klimentyev, Alexander Nemenov, Ivanov, Sergei Shoigu, Shoigu’s protégé, —, Alexey Navalny, Stanislav Krasilnikov, Maria Pevchikh, that’s Organizations: CNN, Nazi, “, Ministry of Defense, Defence, Sputnik, Getty, Financial, Corruption Foundation, AP, ACF, Prestige, — Locations: Ukraine, Russia, Nazi Germany, Russian, It’s, AFP, Mariupol, Putin’s Russia, Sochi, Moscow

☆ India elections: Asia’s most powerful billionaires Ambani, Adani are getting drawn in after Modi’s speech
▼ + stars: | 2024-05-09 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

New Delhi CNN —Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign. “Why has Shahzade Ji stopped talking of Ambani and Adani in this election all of sudden? “How much money have you taken from Ambani and Adani?” he said at the rally. Adani took over NDTV, an influential broadcaster, in 2022, while Ambani owns Network 18, which includes the CNN-News18 TV channel, a CNN affiliate. Billionaire RajIn the last decade, both Ambani and Adani have stunned the world with their success and influence.

Persons: Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi, ”, Gandhi, Modi ” Gandhi, “, Abhinandan Sekhri, Adani, Billionaire Raj, Cassanelli, Jeff Bezos, Hindenburg’s, ferociously Organizations: New, New Delhi CNN, Reliance Industries, Adani, Indian National Congress, Reliance, CNN, India’s, Bank of India, NDTV, Billionaire, Bloomberg, Hindenburg Locations: New Delhi, India, Asia, American

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