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☆ Palo Alto Networks will see further upside as hacking threats intensify from overseas
▼ + stars: | 2024-02-20 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Demand for Palo Alto's services, for example, will continue to rise as hacking threats intensify from overseas. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Nikesh Arora, Wells, Jim Cramer's, Jim Organizations: CNBC, Investors, Big Tech, Nasdaq, Laggards, Nvidia, Apple, Procter, Gamble, Palo Alto Networks, Palo, Currency Locations: Wells

☆ CEO says Palo Alto Networks didn't lower its guidance due to lack of demand: 'There is no cybersecurity abyss'
▼ + stars: | 2024-02-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Palo Alto Networks CEO Nikesh Arora told CNBC's Jim Cramer the company didn't lower revenue guidance because it expects a lack of demand for cybersecurity products. Palo Alto reported earnings Tuesday after close, and although it managed to beat Wall Street analyst expectations, it cut its full-year guidance for revenue and billings. However, he admitted that customers are experiencing "fatigue" when it comes to cybersecurity processes: dealing with and integrating multiple cybersecurity vendors, slower legacy infrastructure. He added that he feels Palo Alto is more prepared than its competitors to meet these demands. "Let's go back to the basics, our business is strong, demand is strong."

Persons: Nikesh Arora, CNBC's Jim Cramer, Arora, Palo, I'm, Let's Organizations: Palo Alto, Wall Locations: Palo Alto, billings

☆ We want to platformize our customers to drive our business: Palo Alto Networks CEO
▼ + stars: | 2024-02-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe want to platformize our customers to drive our business: Palo Alto Networks CEOPalo Alto Networks President and CEO Nikesh Arora joins 'Mad Money' host Jim Cramer to talk earnings, the state of cybersecurity, utilizing AI and more.

Persons: Nikesh Arora, Jim Cramer Organizations: Palo Alto, Palo Alto Networks Locations: cybersecurity

☆ There's no problem with demand, AI is creating more attacks, says Palo Alto Networks CEO
▼ + stars: | 2024-02-20 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no problem with demand, AI is creating more attacks, says Palo Alto Networks CEOPalo Alto Networks President and CEO Nikesh Arora joins 'Mad Money' host Jim Cramer to talk earnings, the state of cybersecurity, utilizing AI and more.

Persons: Nikesh Arora, Jim Cramer Organizations: Alto, Palo Alto Networks Locations: cybersecurity

☆ Palo Alto Networks shares plunge after company cuts full-year billings, revenue guidance
▼ + stars: | 2024-02-20 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Shares of cybersecurity company Palo Alto Networks plunged 19% in extended trading Tuesday, after the company reported a beat on the top and bottom lines but lowered its full-year guidance for revenue and billings. Palo Alto Networks also expects full-year revenue to range between $7.95 to $8 billion, compared to its prior guidance of $8.15 to $8.2 billion. Analysts surveyed by LSEG expected the company to guide to fiscal third-quarter revenue of $2.04 billion, but Palo Alto Networks now expects revenue to range between $1.95 billion and $1.98 billion. The new billings guidance represents full-year growth of between 10% and 11% versus previous guidance showing 16% to 17% billings growth. Similarly, Palo Alto Networks now expects full-year revenue growth between 15% and 16%, down from initial guidance showing 18% to 19% growth.

Persons: Nikesh Arora, LSEG, Arora Organizations: Palo Alto Networks, billings, Palo Alto Locations: billings

☆ We're debating buying Palo Alto's sharp post-earnings drop. Here's what we're considering
▼ + stars: | 2024-02-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

Palo Alto Networks has been at the forefront of this trend because it's the best-of-breed in 21 categories. PANW 1Y mountain Palo Alto Networks 1 year However, we're not going to try to go in and out of Palo Alto. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Nikesh Arora, Palo Alto Networks Adam Galica | CNBC

Persons: billings, Nikesh Arora, Arora, We've, Jim Cramer, we're, –, I'm, Jim, Let's, Jim Cramer's, Galica Organizations: Palo Alto Networks, Revenue, LSEG, billings, Alto Networks, Securities and Exchange Commission, SEC, Palo, CNBC Locations: U.S, cybersecurity, billings, Palo, Palo Alto

☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ Kansas City Stars, With Help From Taylor Swift, Are Advertising Champs
▼ + stars: | 2024-02-08 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

The Kansas City Chiefs enter Sunday’s Super Bowl having already won — when it comes to commercials. Over the past year, the star players Patrick Mahomes and Travis Kelce, along with Coach Andy Reid, have been inescapable to TV viewers. The estimated amount spent to air the ads on television was $178 million for Mr. Mahomes, $120 million for Mr. Kelce and $69 million for Mr. Reid, according to iSpot.tv, an ad measurement company. Because there were several commercials in which at least two of the three appeared, the dollar totals have some overlap. Basically, the more spend an ad has, the more viewers are seeing it.

Persons: Patrick Mahomes, Travis Kelce, Andy Reid, Kelce baring, Mahomes, Reid, Kelce, ”, Cassandra Arora, Deion Sanders, Nick Saban, Christian McCaffrey, Brock Purdy Organizations: Kansas City Chiefs, Sunday’s, Pfizer, National Football League, “ Brands, Chiefs, University of Colorado’s, University of Alabama, 49ers, Toyota Locations: San Francisco

☆ Here's another sign our go-to cybersecurity stock should climb even higher in 2024
▼ + stars: | 2024-02-08 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Investors just received another reason to like Palo Alto Networks — the Club's favorite cybersecurity stock, which has been on fire. As these threats intensify for businesses, more customers are seeking out products and services like those offered by Palo Alto. "If the worst cybersecurity stock does well, what does it say about the best? Buy Palo Alto Networks," he said. Palo Alto Networks became the first cybersecurity stock to top a $100 billion market value late last year — a long-held goal by management.

Persons: there's, Nikesh Arora, Jim Cramer, Wall, Wednesday's Homestretch, Jim, hasn't, Jim Cramer's Organizations: Palo Alto Networks, Palo, Palo Alto, CNBC, Microsoft, Wall Street, JPMorgan, Alto Networks Locations: Palo Alto's, Palo, Russian

☆ What Microsoft’s hack means for its $20 billion cybersecurity franchise and its rivals
▼ + stars: | 2024-01-22 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Microsoft 's hacking disclosure could be a challenge for its $20 billion-a-year cybersecurity franchise but bullish news for fellow portfolio name and rival Palo Alto Networks. Microsoft stock was trading modestly lower Monday but has climbed more than 5% since the start of 2024 following last year's 56% gains. Microsoft's cybersecurity incident doesn't leave us any less bullish on the mega-cap name. While its cybersecurity business pulls in about $20 billion in annual sales, Microsoft's revenue jumped 7% in 2023 to nearly $212 billion. The Securities and Exchange Commission's (SEC) new disclosure rules around cybersecurity attacks could be another catalyst for Palo Alto, Jim added.

Persons: hasn't, Nobelium, Jim Cramer, Jim, Palo, Exchange Commission's, Nikesh Arora, Estee Lauder, Clorox, Okta, Jim Cramer's, Satya Nadella, Justin Sullivan Organizations: Microsoft, Palo Alto Networks, Wall, SolarWinds, Apple, JPMorgan, Securities, Exchange, SEC, Palo Alto, Corporations, Palo, CNBC, MGM Resorts, Caesars Entertainment Locations: Russian, Palo, Palo Alto, Davos, Switzerland, San Francisco

☆ Palo Alto Networks CEO Nikesh Arora on the cyber threat landscape, impact of AI on cybersecuirty
▼ + stars: | 2024-01-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto Networks CEO Nikesh Arora on the cyber threat landscape, impact of AI on cybersecuirtyPalo Alto Networks CEO Nikesh Arora joins 'Squawk Box' to discuss the cyber threat landscape, the impact of AI on cybersecurity, and more.

Persons: Nikesh Arora Organizations: Alto, Palo Alto

☆ 3 reasons why investors keep sending cybersecurity giant Palo Alto Networks to record high after record high
▼ + stars: | 2024-01-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Palo Alto Networks CEO Nikesh Arora said Tuesday that cybersecurity demand will only intensify in 2024. Palo Alto Networks was riding a six-session winning streak, including Tuesday's all-time high above $333 per share. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance When Arora took over as CEO of Palo Alto in June 2018, the stock was around $70 per share. Late last year, Palo Alto announced plans to buy enterprise browser startup Talon Cyber Security and cloud data specialist Dig Security. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: Nikesh Arora, Arora, Jim Cramer, he's, OpenAI, Sam Altman's, Estee Lauder, Clorox, Palo, we've, Morgan Stanley, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto, Club, CNBC, Palo Alto Networks, Alto, Palo, Google, MGM Resorts, Caesars Entertainment, Security Locations: Davos, Switzerland, Palo, Palo Alto

☆ Why Palo Alto Networks hitting $100 billion in market value is just the beginning
▼ + stars: | 2023-12-29 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Palo Alto Networks this month became the first cybersecurity company to eclipse $100 billion in market value. Palo Alto is the "winner and new champion of cybersecurity," Jim Cramer said recently. Shares of Palo Alto have more than doubled in price throughout 2023, up a whopping 116%. Although AI is not a core part of the Club's investment thesis for Palo Alto, we like management's progress in this fast-growing business. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: Nikesh Arora, Jim Cramer, Arora, Jim, billings, Morgan Stanley, Jim Cramer's, Arora Nikesh, Adam Galica Organizations: Palo Alto Networks, Federal, Palo, The Securities, Exchange Commission, Operations Centers, CNBC Locations: Palo, cybersecurity, Palo Alto, Alto, Davos, Switzerland

☆ India's Nifty 50 hits all-time high after upbeat growth data
▼ + stars: | 2023-12-01 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

The NSE Nifty 50 index (.NSEI) rose as much as 0.52% to 20,238.45, a new record high, while the S&P BSE Sensex (.BSESN) was up 0.44% at 67,286.16, as of 9:35 a.m. IST. "India's growth outlook remains positive, with various capex initiatives of the government likely to trigger consumption at the bottom of the pyramid," Pramod Gubbi, founder of Marcellus Investment Management, said. India's Nifty and Sensex posted their best month in 2023 in November, aided by the return on foreign portfolio investor (FPI) inflows. India's general elections are due early next year. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Francis Mascarenhas, Gubbi, India's, Sensex, Madhavi Arora, Bharath Rajeswaran, Sonia Cheema Organizations: National Stock Exchange, REUTERS, Rights, NSE, BSE, Reuters, Reserve Bank, Marcellus Investment Management, Wall, Dow Jones, Bharatiya Janata Party, BJP, Indian National Congress, Emkay Global Financial Services, Thomson Locations: Mumbai, India, U.S, Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana, Bengaluru

Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. Citigroup declined to comment on all the personnel moves, and none of the leaders named responded to requests for comment. The full reorganization could involve thousands of layoffs, according to a source familiar with the situation who was not authorized to speak publicly. Preparations for Monday's announcements were communicated verbally in meetings last week, according to another source familiar with the situation. Final announcements related to the overhaul will be made early next year, Fraser said in a memo to employees.

Persons: Jane Fraser, Eduardo Martinez Campos, Andy Sieg, Andrew Kelly, Valentin Valderrabano, Patricia Dorosz, Nacho Gutiérrez, Carmen Haddad, Fahad Aldeweesh, Haddad, Jose Miguel Salvador Nasur, Peter Babej, Ernesto Torres Cantú, Brad Wayman, Chris McCullough, Wayman, Patrick Gallagher, Lucy Baldwin, Sandeep Arora, Fraser, Mark Mason, Tatiana Bautzer, Lananh Nguyen, Andres Gonzalez, Saeed Azhar, Bayliss, Echo Wang, Isla Binnie, Nick Zieminski, Stephen Coates, Marguerita Choy Organizations: Citigroup, Citi, Citi Wealth Services, Citibank, New York Stock Exchange, REUTERS, Svea Herbst, Thomson Locations: Manhattan , New York City, U.S, Europe, Saudi Arabia, Chile, New York, London, Svea

☆ The market is getting marginally spooked by our billings guidance, says Palo Alto Networks CEO
▼ + stars: | 2023-11-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is getting marginally spooked by our billings guidance, says Palo Alto Networks CEOPalo Alto Networks Chairman and CEO Nikesh Arora joins 'Mad Money' host Jim Cramer to talk quarterly results, the stock dropping in extended trading and more.

Persons: billings, Nikesh Arora, Jim Cramer Organizations: Alto, Palo Alto Networks

☆ Palo Alto's pullback on confusion around a key quarterly metric is a buying opportunity
▼ + stars: | 2023-11-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +8 min

Bottom line What should we make of this Palo Alto Networks quarter? Palo Alto has two types of customers: ones that pay annually and others that pay upfront over three years. At the close of regular trading Wednesday, Palo Alto shares were up nearly 84% this year. Total revenue of $1.96 billion to $1.97 billion, with the midpoint of $1.97 billion in line with estimates. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: cybersecurity, we're, billings, Billings, there's, Nikesh Arora, haven't, We've, Arora, Jim Cramer, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: Palo Alto Networks, Management, LSEG, billings, Alto, Billings, Palo Alto, Palo, Networks, CNBC Locations: billings, Palo, Alto, Palo Alto, Davos, Switzerland

☆ Palo Alto Networks CEO says demand remains high despite quarterly weakness in billings
▼ + stars: | 2023-11-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday interview with CNBC's Jim Cramer, Palo Alto Networks CEO Nikesh Arora said demand remains high even though the company issued a weaker billings forecast than expected. The cybersecurity company reported its first-quarter earnings after Wednesday's close, topping Wall Street's revenue targets. However, weak billings guidance caused the stock to slide nearly 6% in after-hours trading. He also suggested billings guidance may not be the most important metric for Wall Street to consider. "Billings is an indicator of revenue in the future, and the better indicator of revenue in the future is RPO, remaining performance obligations, which we grew at 26%."

Persons: CNBC's Jim Cramer, Nikesh Arora, Wednesday's, billings, Arora Organizations: Palo Alto, billings

☆ Palo Alto Networks CEO Nikesh Arora talks Q1 results with Jim Cramer
▼ + stars: | 2023-11-15 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalo Alto Networks CEO Nikesh Arora talks Q1 results with Jim CramerPalo Alto Networks Chairman and CEO Nikesh Arora joins 'Mad Money' host Jim Cramer to talk quarterly results, the stock dropping in extended trading and more.

Persons: Nikesh Arora, Jim Cramer Palo, Jim Cramer Organizations: Alto, Jim Cramer Palo Alto Networks

☆ Smoky skies in Indian capital on Diwali as revellers defy firecracker ban
▼ + stars: | 2023-11-12 | by ( Neha Arora | ) www.reuters.com time to read: +2 min

Smoke plumes were visible across the sky as revellers let off firecrackers in the evening to mark the country's biggest festival. Every year government authorities or India's Supreme Court impose bans on firecrackers - but only rarely do those bans appear to be enforced. Globally, air pollution was the worst in India's eastern city of Kolkata, while Delhi was the fifth-most polluted, according to Swiss group IQAir. Doctors say the air quality is likely to worsen on Monday as smoke from firecrackers lingers in the air, potentially causing itchy eyes and irritation in the throat. Some Hindus resent the Diwali firecracker bans, which they see as an attempt to interfere with them observing their religious festivals.

Persons: Health Organization's, Deepak, Dr, Ram Manohar, Gopal Rai, Neha Arora, Hugh Lawson Organizations: Health, Ram Manohar Lohia, Delhi's, Thomson Locations: DELHI, New Delhi, Kolkata, Delhi, Swiss

☆ Here are the emails, texts and photos that could put Sam Bankman-Fried in prison for life
▼ + stars: | 2023-11-02 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Lawyers for the U.S. Attorney's office entered into evidence a series of photos featuring the $35 million penthouse where Sam Bankman-Fried and his fellow co-workers resided. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Source: SDNYZoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried. Zoom In Icon Arrows pointing outwards Government exhibit in the case against former FTX CEO Sam Bankman-Fried.

Persons: Sam Bankman, Fried, FTX, Renato Mariotti, Bryan Cave Leighton, Caroline Ellison, —, Alameda —, Ryan Pinder, Rob Creamer, didn't, Ellison, he'd, HOOD, they'll, FTX's, Sun, Bankman, Stephen Curry, Tom Brady, Giselle Bundchen, Larry David, Nishad Singh, Michael Kives, Bryan Baum, Hillary Clinton, Katy Perry, Orlando Bloom, Leonardo DiCaprio, Kris, Kylie Jenner, SDNY Singh, Baum, Drappi, Jane Rosenberg, Joe Bankman, Ramnik Arora, Ryne Miller, Constance Wang, Ryan Salame, Changpeng Zhao, Michael Lewis, Singh, Lewis Organizations: U.S . Justice Department's Securities, Commodities, Lawyers, U.S, Alameda Research, Alameda, Geneva Trading, FIA, Traders Group, Wall Street Journal, Google, shuttering, Prosecutors, NBA, Major League Baseball, K5, Federal Court Locations: Chicago, Bahamas, Bankman, Alameda, FTX, shuttering Alameda, Hong Kong, New York City, U.S, Sequoia, Alameda's

☆ India sets $800 per ton minimum export price on onions till end-December
▼ + stars: | 2023-10-28 | by ( ) www.reuters.com time to read: +1 min

Workers of a retail chain sort onions at Manchar village in Pune, India, November 11, 2019. REUTERS/Rajendra Jadhav/File Photo Acquire Licensing RightsOct 28 (Reuters) - India has set a floor price of $800 per metric ton minimum export price on onions up to Dec. 31, the government said on Saturday, in a bid to ensure adequate domestic availability and to stabilise prices. The government also announced procurement of 200,000 tons of onions for its buffer, over and above the 500,000 tons already procured, it said in the statement. The south Asian nation had in August imposed a 40% export duty on onions up to Dec. 31 to improve domestic availability of the vegetable. Reporting by Baranjot Kaur in Bengaluru and Neha Arora; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Rajendra, Baranjot Kaur, Neha Arora, David Evans Organizations: REUTERS, Thomson Locations: Manchar, Pune, India, Bengaluru

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ Canada cuts some consular services in India amid murder row
▼ + stars: | 2023-10-20 | by ( Yp Rajesh | ) www.reuters.com time to read: +3 min

A man on a bicycle passes by the Canadian High-Commision in New Delhi, India, September 20, 2023. The announcements affecting consulates in Bengaluru, Chandigarh and Mumbai came hours after Foreign Minister Melanie Joly said Canada has withdrawn 41 diplomats from India. Despite the dispute, two senior Indian government sources told Reuters the uproar would not spill into a trade dispute or impact investment, with imports from Canada continuing to flow. India has dismissed as absurd Trudeau's suspicions that its agents were linked to the murder of Nijjar, 45, a Canadian citizen whom New Delhi had labelled a terrorist. The Indian foreign ministry defended its downsizing of Canada's diplomatic presence and rejected Joly's statement that it violated the Vienna convention on diplomatic relations.

Persons: Anushree, Melanie Joly, Justin Trudeau, Hardeep Singh, Nijjar, YP Rajesh, Neha Arora, Nikunj, Andrew Cawthorne Organizations: Canadian, REUTERS, Reuters, Canada, Canadian High Commission, Immigration, Citizenship Canada, YP, Thomson Locations: New Delhi, India, DELHI, Canada, British Columbia, Bengaluru, Chandigarh, Mumbai, Ottawa, Hardeep Singh Nijjar, Canadian, Vienna

Indian Prime Minister Narendra Modi welcomes Canada Prime Minister Justin Trudeau upon his arrival at Bharat Mandapam convention center for the G20 Summit, in New Delhi, India, Saturday, Sept. 9, 2023. Canada on Thursday pulled out 41 diplomats from India, and had earlier paused trade treaty talks with India. India imports potash, lentils, and energy products such as coal, coke and briquettes among other goods from Canada. Bilateral trade between Canada and India touched $8 billion in 2022. Canada has invested more than $3.6 billion in India with over 40% of that being in services and infrastructure, according to Invest India.

Persons: Narendra Modi, Justin Trudeau, Evan Vucci, Hardeep Singh Nijjar, There's, Neha Arora, Nikunj, Mayank Bhardwaj, Raju Gopalakrishnan Organizations: Indian, Canada, Bharat, Invest India, Reuters, JSW Steel, Canada's Teck Resources, Thomson Locations: New Delhi, India, DELHI, Canada, Ottawa, Surrey, Vancouver, Canada's Teck

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