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The S & P 500 rebounded 4% this past week, almost clawing back all of the prior week's horrible decline. Fed watch The Fed is the big market event this week. ET: Fed rate decision Before the bell: General Mills (GIS) After the bell: Steelcase (SCS) Thursday, Sept. 19 8:30 a.m. 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.
Persons: Jim Cramer, Jensen Huang's, Goldman Sachs, Jim, Huang, Lisa Su, Su, Vimal Kapur, Morgan, Brian Niccol, Wells, Morgan Stanley, Jerome Powell, They're, Lennar, Doug Yearley, Mills, LEN, Jim Cramer's, Spencer Platt Organizations: Federal, Dow, Nasdaq, Nvidia, Club, Technology, CNBC, Oracle, Devices, TAM, Apple, Honeywell, Starbucks, Barclays Global Financial Services, Fed, FedEx, homebuilder, Home Depot, Darden, Jim Cramer's Charitable, New York Stock Exchange, Getty Locations: Las Vegas, U.S, America, Horton, New York City
The Trump campaign and its allies have spent more than $38 million replaying that soundbite almost 70,000 times in campaign advertisements since Harris became the Democratic nominee, looking to capitalize on persistent voter concerns about the economy and blunt Harris’ turn-the-page messaging by yoking her to President Joe Biden’s record. “Everyday prices are too high – food, rent, gas, back-to-school clothes,” Harris says in the clip featured in the ad. Last week, Harris’ campaign launched a series of ads on her economic pitch, specifically tailored to key swing states. In addition, her campaign has spent more than $10 million airing an ad in which Harris says, “You want lower prices and lower taxes. I believe you want to just not get by, but you want to get ahead,” before delivering her pitch for an “opportunity economy.”And another top Harris ad contrasts her approach with Trump’s.
Persons: Kamala Harris, , Harris, Trump, Joe Biden’s, juxtaposes Harris, ” Harris, “ It’s, , Harris –, replaying Harris, , Harris ’, I’ll, Donald Trump’s, , ” CNN’s Dana Bash Organizations: CNN, Biden, Democratic, Trump, Locations: Washington, , US, DC
During the recent debate, both Vice President Kamala Harris and former President Donald Trump expressed their support for solar energy. Trump said he was a "big fan" of solar power, and Harris doubled down on her support for clean energy. Trump caveated his support of solar power, saying that solar plants take up "400, 500 acres of desert soil." AdvertisementInvesting in solarFor investors interested in increasing their exposure to solar energy solutions, Baker shares the following 4 investments. These companies provide solar power offerings across the entire renewable energy value chain.
Persons: Kamala Harris, Donald Trump, Trump, Harris, Graeme Baker, Baker, David Bianco, she'll, Biden, He's Organizations: Service, Business, Environment, Big Tech, Microsoft, Green, Deal, Environment Fund
India accuses Samsung, Xiaomi of colluding with Amazon, Flipkart
  + stars: | 2024-09-15 | by ( ) www.cnbc.com   time to read: +2 min
Samsung, Xiaomi and other smartphone companies colluded with Amazon and Walmart's Flipkart to exclusively launch products on the e-commerce firms' Indian websites in breach of antitrust laws, according to regulatory reports seen by Reuters. In Flipkart's case, a 1,696-page CCI report said the Indian units of Samsung, Xiaomi, Motorola, Vivo, Lenovo and Realme conducted similar practices. Siva Prasad wrote in the Amazon and Flipkart reports, in identical findings. Amazon, Flipkart and the CCI did not respond, and have not so far commented on the reports' findings. Both the CCI reports said that during investigations Amazon and Flipkart "deliberately downplayed" allegations of exclusive launches, but officials found the practice was "rampant".
Persons: Flipkart, Realme, G.V, Siva Prasad, Xiaomi, China's Vivo Organizations: Samsung, Reuters, Antitrust, Competition Commission of India, Amazon, Motorola, Vivo, Lenovo, China's, Bain
Wizz Air announced its first route for the Airbus A321XLR from London to Jeddah. Go to newsletter preferences Thanks for signing up! AdvertisementEuropean ultra-low-cost carrier Wizz Air announced Tuesday its first route for the Airbus A321XLR. The A321XLR could be a game changer for budget airlines because it can fly up to two hours further. By opening longer routes with the XLR, budget airlines could compete with legacy carriers operating widebody jets.
Persons: Organizations: Wizz Air, Airbus, British Airways, Boeing, Service, Business Locations: London, Jeddah
Read previewOffices have been the weak spot in the commercial real estate market since the pandemic gave rise to widespread remote work and caused companies to reassess how much space they need. The Federal Reserve's likely interest rate cut, expected at the end of its meeting on September 18, could give office owners some relief with lower interest rates when they refinance. But that doesn't mean they're in the clear, according to commercial real estate experts. Right now, most commercial real estate loans come from small, regional banks, but that could change. AdvertisementYet even with the weakness in the office market, lower interest rates are a net positive for the industry, economist Richard McGahey says.
Persons: , Lisa Pendergast, Pendergast, Lisa Knee, Knee, It's, Richard McGahey, McGahey Organizations: Service, Business, CRE Finance
Read previewMidsize stocks are an investment straight out of the "Goldilocks and the Three Bears story," and Goldman Sachs believes they're destined for a fairy-tale ending. Goldman Sachs suspects that a reversal is coming as mid-cap earnings top those of large caps. And while small caps should post even higher earnings growth next year, that cohort is filled with unprofitable companies, Ma noted. "Low-quality segments of the market, such as small caps, will likely remain pressured at these levels due to weak balance sheets and low profitability." Below are 25 mid-cap stocks in the S&P 400 that Goldman Sachs spotlighted due to their solid balance sheets, double-digit expected earnings growth for 2025, above-average sales growth, and cheap valuations based on their forward earnings multiple versus their five-year median.
Persons: , Goldman Sachs, Jenny Ma, Ma, they've, Goldman Organizations: Service, Business, Federal Reserve
For the past three years, software stocks have suffered as revenue growth softened, and investors remain skeptical about when it will return. For Oracle, that's its cloud infrastructure — a service that has improved Oracle's fundamental growth story, Walravens argued. This strategic move positioned Oracle as a key player in AI, fueling growth in its infrastructure as a services (IaaS) business. Oracle Cloud Infrastructure is central to this growth, offering a suite of services for AI-driven workloads. SAP YTD mountain SAP stock performance year-to-date.
Persons: Raimo Lenschow, Pat Walravens, Walravens, Bernstein, Mark Moerdler, tailwinds, Goldman Sachs, Amy Hood, it's, Keith Bachman, Bachman Organizations: Oracle, Nvidia, Barclays, Investors, Software, Services, Microsoft, SAP, Citizens, CNBC, Google, Oracle Cloud Infrastructure, Microsoft Microsoft, AI Services, Wall, BMO
The Saints, one week after blowing out the lowly Carolina Panthers, did the same in Dallas to the high-flying Cowboys. The Ravens were in control for most of the game and then Davante Adams and Brock Bowers took over. The Ravens aren’t built to win when their defense softens — but that isn’t to say they won’t find ways to play the kind of defense the Ravens are known for. Meanwhile, the Saints’ defense denied the Cowboys on all three trips inside the red zone and recorded two takeaways. He made some strong in-structure throws, including a beauty to Noah Brown in the middle of the field late in the game to win the game.
Persons: Aaron Rodgers, It’s, Mike Jones, Ted Nguyen, Dan Pompei, Mike Macdonald’s, Gardner Minshew, Jones, Macdonald, Anthony Weaver, Dennard Wilson, Patrick Queen, Jadeveon, Zach Orr, Davante Adams, Brock Bowers, Justin Tucker, they’re, Clooney, MacDonald, Derrick Henry, he’s, Brandon Stephens, Adams, Mike, Baker Mayfield, Tom Brady, I’m, Last, Derek Carr, Klint Kubiak, Carr, Vita Vea’s, Mike Evans, Chris Godwin, Goff, they’ve, Nguyen, Brian Flores, Brock Purdy, Purdy, Christian McCaffrey, Brandon Aiyuk, Jordan Mason, McCaffrey, Mason, Deebo Samuel, George Kittle, Kyle Shanahan, Trent Williams, Purdy wasn’t, Sam Darnold, Caleb Williams ’, Jayden Daniels, Kliff Kingsbury, Daniels, Terry McLaurin, Noah Brown, Austin Seibert’s, it’s, Brandon Sloter Organizations: Raiders, Ravens, Bucs, Lions, Seahawks, Patriots, Jets, Carolina Panthers, Cowboys, Athletic NFL, Mike Macdonald’s Seahawks, Baltimore Ravens, Dolphins, Tennessee Titans, Buffalo Bills, Baltimore, Detroit, Tampa, Saints, NFC East, Eagles, Buccaneers, NFC, Dallas, 49ers, San, NFC West, Vikings, Giants, Daniels, Austin Locations: Baltimore, Detroit, Nashville, Dallas, Tampa, . New Orleans, New Orleans, Minnesota, San Francisco, Aiyuk, Washington
New York CNN —Mostly large US corporations are projecting an average increase in their base pay budgets of 3.9% for next year, according to a new survey of 300 compensation leaders across 11 major industries from The Conference Board. That is lower than the 4.4% average increase they paid out in 2023, which marked a 20-year high for base pay raises. But it is a tick up from the 3.8% bump that companies were paying out this year, according to The Conference Board. Base pay budget increases are typically viewed as a proxy for the average raises employees may receive. Actual base pay increases next year may be different if economic and business conditions change.
Persons: Dana Peterson Organizations: New, New York CNN, The Conference Board, Conference Board, Base, ” Conference Board Locations: New York
By extension, the move in Washington, D.C. could also spell good news for Chinese stocks. High U.S. interest rates relative to China have made it fairly straightforward for global institutions to pick U.S. Treasurys over Chinese stocks. More than lower rates needed Other global investors say Chinese stocks need more than easier monetary policy to become truly attractive. The "government can push interest rates down, but if households don't want to spend the extra income, it won't go into the economy," he said. Earlier this year, People's Bank of China Governor Pan Gongsheng acknowledged U.S. Fed easing would create room for China to further cut interest rates.
Persons: Steven Sun, Laura Wang, Morgan Stanley, Aaron Costello, Yi Gang, Costello, James Wang, Wang, Pan Gongsheng Organizations: U.S . Federal Reserve, HSBC, HSBC Qianhai Securities, Nasdaq, U.S, Treasury, Cambridge Associates, CNBC, People's Bank of China, UBS Investment Bank Research, UBS, Hang Seng China Enterprises, China Southern Airlines, Hengli Petrochemical, Saudi, Aramco Locations: China's, Washington ,, China, 1H24, Asia, U.S, Beijing, Hang, Shenzhen, Shanghai
In the battle for glory at the 76th Primetime Emmy Awards, two leading contenders have emerged: the powerful feudal lords of 17th-century Japan and the beleaguered cooks of a contemporary Chicago eatery. “Shōgun” and “The Bear” cruise into the Emmys with a ton of momentum thanks to glowing reviews and loyal fandoms. How to watch the EmmysThe three-hour telecast from the Peacock Theater in Los Angeles kicks off live at 8 p.m. He is a four-time winner at the Primetime Emmy Awards and a two-time winner at the Daytime Emmy Awards, most recently for his guest role on the soap opera “Days of Our Lives.”The list of presenters hints at a possible reunion of the stars of the NBC political drama “The West Wing,” perhaps tied to the 25th anniversary of the show’s debut. The front-runner for best limited or anthology series is Netflix’s “Baby Reindeer,” according to the awards prediction website Gold Derby.
Persons: Shōgun, They’re, Abbott, , Eugene Levy, Dan Levy, ” Eugene, Dan, We’re, ” Eugene Levy, Matt Bomer, Lily Gladstone, Greta Lee, Jean Smart, Kristen Wiig, Dick Van Dyke, Dulé Hill, Allison Janney, Janel Moloney, Richard Schiff, Martin Sheen, Jimmy Smits, Video’s “, Smith, , “ Shōgun ”, NBC’s, Jeremy Allen White, Anna Sawai, Hiroyuki Sanada, Jodie Foster, Richard Gadd Organizations: Peacock, ABC, Hulu, Fox, Los Angeles Times, , Hollywood, NBC, Apple, “ Abbott, Derby Locations: Japan, Chicago, Los Angeles, , , “ Fargo
Abortion rights opponents had argued in a pair of lawsuits that the amendment to expand abortion rights violated a state rule that says a ballot proposal must only address one subject. Matt Heffron, a senior counsel for a firm that argued against allowing the abortion rights initiative to stay on the ballot, slammed the high court's ruling. Colorado, New York and Maryland are the liberal-leaning states with abortion ballot measures. Arizona and Nevada — two key battleground states in the presidential election — also have abortion ballot initiatives. That same year, Kansas voters cast ballots against a proposed amendment which would have removed language guaranteeing abortion rights in the state.
Persons: , Matt Heffron, Heffron, Allie Berry, Berry, Organizations: Nebraska Supreme, Thomas More Society, American Civil Liberties Union Locations: Nebraska, state’s, Chicago, Nebraska’s, ” Nebraska, Montana , South Dakota , Missouri, Florida . Colorado , New York, Maryland, Arizona, Nevada, Ohio , Kansas, Kentucky, Ohio, state's, Kansas
Honolulu (AP) — Investigators reviewing the emergency response to last year’s wildfire that killed 102 people on Maui said in a report released Friday they found “no evidence” Hawaii officials made preparations for it, despite days of warnings that critical fire weather was coming. The Hawaii Emergency Management Agency didn’t immediately respond with comment. Maui fire commanders discussed the forecast, but “no evidence of pre-event preparedness plans by the MFD were produced,” the report said. Maui County and the state use private contractors to help fight fires with water tankers and heavy equipment. And despite the warnings, the heads of the county emergency management agency and the Maui Fire Department were off-island that day, attending conferences in Honolulu.
Persons: , Anne Lopez, Maui’s, Richard Bissen, Hawaii Emergency Management Agency didn’t, weren’t, Firefighters, ” Derek Alkonis Organizations: — Investigators, National Weather Service, Hawaii Emergency Management Agency, Maui Fire Department, Maui Police, Hawaiian Electric Co, Firefighters, Fire Safety Research Institute, Maui Police Department Locations: Honolulu, Maui, Hawaii, Lahaina, State, Maui County, West Maui
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash rate hit an all-time high. Hash rate refers to the collective computing power of all miners in the bitcoin network, and the recent high suggests there have never been more miners online, actively securing the network. Institutional capital has poured in since the SEC approved spot bitcoin exchange-traded funds in January, and the bitcoin network is more robust than ever, held together by a vast and decentralized network of miners securing transactions with the help of large banks of machines. The halving historically precedes a wave of bankruptcies among bitcoin mining firms, which are suddenly generating much less revenue with the same level of operating costs.
Persons: it's, Jefferies, bitcoin Organizations: Music City, Investment, SEC Locations: Nashville , Tennessee
Many said he failed to acknowledge the real reason many grandparents don't help with childcare more: They can't afford to. Many American families are stuck between a retirement crisis and a childcare crisis, with young parents unable to help their own parents — and vice versa. The childcare crisis meets the retirement crisisSandra, 51, has been dealing with both childcare and eldercare challenges over the past year. "And that would help parents who want to stay home and care for kids; it would also help grandparents who want to help care for kids while their parents are working." AdvertisementRachidi also said that revisiting the usefulness of regulations around informal care — settings like friend and family care — should be on the table, too.
Persons: Linda C, Donald Trump, Joe Biden, Sen, JD Vance, Linda, I'd, Vance, Trump, she's, , Taylor Van Kirk, Van Kirk, Sandra, grandpa, Elliot Haspel, Haspel, Kamala Harris, Jennifer Baker, they'd, that's, Baker, who's, Angela Rachidi, Rowe, Rachidi, Connie Adler, Adler, Vance's Organizations: Service, Democratic, Business, AARP, Capita, American Enterprise Institute, asheffey Locations: California, Sweden, Arizona
But it was a first when Bear Grylls joined our call while hiking in rugged, rural north Wales where he lives. Only seeing him abseil down a mountain with his phone in one hand would have made the set-up any more classic "Bear Grylls." Obama and Grylls on "Running Wild with Bear Grylls." We also make some really good healing mushroom cacao hot chocolates with raw milk and honey, and it's just insanely good. I'm really lucky, I sleep really well.
Persons: I'm, Bear Grylls, Grylls, It's, wasn't, Barack Obama, chow, Zac Efron, Obama, I've, Ian Forsyth, we're, You've, Shara, Karwai Tang, they're, it's Organizations: Eton College, Business, Special Air Service, Delta Force, NBC, British Army, SAS, Royal Marines Locations: Wales, North Wales
Chase Sapphire Reserve credit cardholders can use special Chase-branded airport lounges. Both are great lounges, and Chase is slowly catching up to the superior Centurion network. AdvertisementI've been a Chase Sapphire Reserve credit card loyalist for years. The latter includes Priority Pass and the Chase-owned airport lounges that have been popping up since 2023. However, I recently toured an American Express Centurion Lounge for the first time and realized what I've been missing out on.
Persons: Chase, , I've Organizations: Chase Sapphire, American Express, Service, Chase Sapphire Reserve, Chase, American, Business
The company may have maintained its full-year revenue outlook, but that was taken as good enough after last quarter's debacle. Management also provided a better-than-expected sales, earnings, and recurring revenue outlook. The Good Abbott Laboratories : Sales, earnings and organic growth all exceeded analyst estimates. Broadcom : Sales and earnings outpaced expectations , driven by strong sales of its AI products and VMware software. Alphabet : Delivered largely better-than expected earnings results that showed the search and cloud giant is finally on better footing in the fast-growing AI space.
Persons: we've, Lisa Su, , Eli Lilly, Zepbound, Stanley Black, Stanley, Morgan Stanley, Procter, Jim Cramer's, Jim Cramer, Jim, Steve Marcus Organizations: Costco, DuPont, Club, Management, Nvidia, Palo Alto Networks, Good Abbott Laboratories, Broadcom, VMware, Wealth Management, Investment Management, Microsoft, Constellation Brands, TJX, Amazon Web Services, Coterra Energy, GE Healthcare, Honeywell, Gamble, Jim Cramer's Charitable, CNBC, AMD Locations: China, Covid, Dover, Eaton, Palo, North America, GEHC, Wells Fargo, Las Vegas , Nevada, U.S
Window Rock, Arizona CNN —Nearing the end of the annual Navajo Nation parade route last Saturday, the Arizona Republican Party’s float — pulled by an 18-wheeler and adorned with Trump-Vance campaign signs — came to a halt. The Navajo Nation makes up the largest tribe in Arizona, with about 131,000 members, according to the US Census. A Marine veteran, Gallego said his ties to the Navajo Nation stem from his military veteran friends from the tribe. “I believe we have many strong, educated women, especially on the Navajo Nation. “Not everybody wants to help the Indigenous.”Her remote part of the Navajo Nation rarely gets visitors, let alone campaigns knocking on her door.
Persons: , Arizona CNN —, Vance, , , Joe Biden, Kamala Harris ’ ascendance, Gina Swoboda, Trump, ” Swoboda, , Swoboda, we’re, Harris, it’s, “ let’s, Ruben Gallego, Kari Lake –, Eli Crane, Jonathan Nez, Sen, Kyrsten Sinema, , Myron Lizer, Gallego, Republicans don’t, that’s, ” Gallego, Danielle Doctor, Harris ’, Tom Ranger, Biden, Allie Young, Loretta Charley, they’re, “ Who’s Organizations: , Arizona CNN, Navajo, Arizona Republican, Trump, Arizona, Democrats, White, Senate, Arizona GOP, Republican National Committee, CNN, Republican Party, Tribal, Democratic, GOP, Navajo Nation Museum, Republicans, Marine, Voters, Republican, Biden, House Administration, US, Navajo Nation Locations: , Arizona, Arizona, Washington, Navajo Nation, Flagstaff, , Apache, Navajo, Gallego, Phoenix, House, Rocky
Merritt's death is accidental in the bookMeghann Fahy as Merritt Monaco in "The Perfect Couple." Jack Reynor as Thomas Winbury, Dakota Fanning as Abby Winbury in "The Perfect Couple." The bride-to-be is called Celeste, not AmeliaEve Hewson as Amelia Sacks in "The Perfect Couple." Greer's scandalous past has been invented for the showNicole Kidman as Greer Winbury in "The Perfect Couple." Will, the youngest brother, doesn't exist in the bookSam Nivola as Will Winbury in "The Perfect Couple."
Persons: , Amelia Sacks, Eve Hewson, Benji Winbury, Billy Howle, Merritt Monaco, Meghann Fahy, Greer Garrison Winbury, Nicole Kidman, Liev Schreiber, Elin Hilderbrand's, Jenna Lamia, Susanne Bier, Hilary Bronwyn Gayle, Lamia, Dakota Fanning, Thomas, Jack Reynor, Abby, Merritt, It's, ingests, Thomas Winbury, Abby Winbury, that's, Greer, Celeste, Amelia Eve Hewson, Celeste Otis, Netflix's, Kidman, That's, Isabel Nallet, Featherleigh Dale, Shooter Dival, Nikki Henry, Donna Lynne Champlin, Greer Winbury, Broderick Graham, Tommy Flanagan, doesn't, Sam Nivola, Will Winbury, Liam Daniel, Winbury, Will, Abby wouldn't, Amelia Organizations: Service, Business, Netflix, London Zoo Locations: Nantucket, British
Read previewThe US Army rapidly deployed weapons and soldiers out to the far tip of Alaska in a sudden show of force. Advertisement11th Airborne Division soldiers orient a Q-53 Radar on Shemya Island on September 13, 2024. Related storiesThe Alaska Air National Guard and the Air Force transported the various weapons and assets. 1st Multi-Domain Task Force soldiers set up communication systems for the M142 High Mobility Artillery Rocket System on Shemya Island on September 12, 2024. Advertisement11th Airborne Division soldiers previously told BI that the difficulties of fighting in the unforgiving Arctic prompt them to adapt and innovate in real time.
Persons: , Joseph Hilbert, Hilbert, we've, Brandon Vasquez, Brandon Vasquez Hilbert, that's, Charles A, Flynn, Hunter, Vladimir Putin Organizations: Service, US Army, Business, 11th Airborne Division, US Army Pacific, Airborne Division, US, Spc, High Mobility Artillery, Lewis, McChord, Alaska Air National Guard, Air Force, Domain, Force, Artillery, U.S, Army, . Air Force, Hunter, Airborne, Pacific, US Army Pacific's, Pacific Multinational Readiness, Joint Base Elmendorf Locations: Alaska, North, Russia, China, Pacific, Washington, Hawaii, Ukraine, It's, Alaska's, Northern, Shemya, . Alaska, Richardson , Alaska, Europe, Asia, Beijing, Moscow
James McAvoy said he turned down the opportunity to potentially play a key role in "Harry Potter." The actor said he was asked to be put on a retainer for the role of Tom Riddle. "For me, at that time, it was a ton of money, it was like £40,000 or something like that," he said. Go to newsletter preferences Thanks for signing up! AdvertisementScottish actor James McAvoy has said he once turned down the opportunity to potentially play the role of a young "Voldemort" in "Harry Potter."
Persons: James McAvoy, Harry Potter, Tom Riddle, , Josh Horowitz, McAvoy Organizations: Service, Business Locations: Scottish
Bank of America highlighted a host of stocks that are worth snapping up — including a few names benefiting from the artificial intelligence and data center revolution. Johnson Controls "Best-in-class data center assets and change is coming. … Leading position in data centers JCI is on track to generate ~$4bn from data centers, or ~14% of revenue in FY24E. JCI's data center exposure compares to Trane Technologies' ~4% and Carrier's ~3%, by our estimate. … We rate Broadcom Buy due to its high-quality diversified exposure to secular product cycles in the smartphone, cloud data center, telecom and enterprise storage markets."
Persons: Alexander Waters, Waters, Dycom, Johnson, it's, Andrew Obin, Obin, George Oliver, Vivek Arya, Arya's, Arya Organizations: America, CNBC, Bank of, National Grid, Broadcom, Nvidia, Johnson, Dycom Industries, government's Broadband Equity, Dycom, JCI, Johnson Controls, VMware, Industries, Trane Technologies Locations: FY24E
CNN —India’s second nuclear-capable ballistic missile submarine joined its naval fleet late last month, a move the government says strengthens its nuclear deterrent as New Delhi casts a wary eye at both China and Pakistan. The de facto border between India and China, known as the Line of Actual Control, has been a longtime flashpoint between the two. India’s next ballistic missile subs could be years away, however, if history is any predictor of the future. Arighaat was launched almost seven years ago, and if that timeline from launch to commissioning applies to the next Indian ballistic missile sub, it won’t join the service until 2030. A type 094 Jin-class nuclear-capable ballistic missile submarine of the Chinese People's Liberation Army (PLA) Navy participates in a naval parade in 2019.
Persons: CNN —, Rajnath Singh, Janes, Arighaat, , Carl Schuster, Aksai, Matt Korda, ” Korda, won’t, SSBNs, Tom Shugart, ” Shugart, Jin, Kandlikar Venkatesh, Mark Schiefelbein, Venkatesh, It’s, Abhijit Singh, ” Singh, Korda, it’s, Organizations: CNN, People’s Liberation Army, Indian Defense, India’s Eastern Naval Command, Missile Defense Advocacy Alliance, Pacific Command’s Joint Intelligence Center, Troops, Naval, Nuclear, Federation of American Scientists, India’s, Center, New, New American Security, US, United Nations Security Council, US Navy’s, Navy, Global Times, People's Liberation Army, PLA, Getty, Observer Research, Hindustan Times, MIRV Locations: Delhi, China, Pakistan, India, Visakhapatnam, Bengal, United States, Bay, Aksai Chin, Beijing, New American, Russia, United Kingdom, France, Britain, Ohio, AFP, Mumbai, Islamabad, Kashmir, New Delhi
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