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☆ CNBC's Inside India newsletter: India's deepening ties with natural gas
▼ + stars: | 2024-10-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

Currently, more than 80% of India's energy needs are met by coal, oil and solid biomass, according to the International Energy Agency. On the demand side, the Indian government has aggressively pushed policies that favor vehicles powered by compressed natural gas (CNG), a derivative of liquified natural gas (LNG). Meanwhile, the number of households that could receive piped natural gas is more than 300 million. For instance, natural gas is a crucial ingredient for making fertilizers, and manufacturing it domestically helps increase food security. Seth is also optimistic about India's growth rate for its third and fourth quarters despite slower capital expenditure in some states.

Persons: Punit Paranjpe, Francis Mascarenhas, They're, Maruti Suzuki, GAIL, MGL, of Home Affairs Amit Shah, David Morrison, Shah, Ajay Seth, Seth, Aravind Maiya, Embassy REITs, Maiya, Landsberg Bennett, Michael Landsberg, Landsberg Organizations: Gas, Private, Afp, Getty, International Energy Agency, Energy, Reuters, Maruti, Institute for Energy Economics, Rystad Energy, Citi, JPMorgan, Gujarat Gas, of Home Affairs, Foreign, Department of Economic, Reserve Bank of India, CNBC, Embassy, Fortune, Wealth Locations: Dhamra, Bhadrak district, India's Odisha, India, Europe, Ukraine, Moscow, Russia, Iraq, Saudi Arabia, Pune, Gujarat, Canada, U.S

☆ Canada alleges Indian home minister ordered campaign targeting Sikh separatists
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +4 min

OTTAWA, Ontario — A Canadian official alleged Tuesday that Indian Home Minister Amit Shah ordered a campaign of violence, intimidation and intelligence-gathering targeting Sikh separatists inside Canada. Indian government officials have repeatedly denied that Canada has provided evidence and have called the allegations absurd. Nathalie Drouin, Trudeau’s national security adviser, told the committee Tuesday that Canada has evidence the Indian government first gathered information on Indian nationals and Canadian citizens in Canada through diplomatic channels and proxies. Drouin said a meeting was held with Indian Prime Minister Narendra Modi’s national security adviser, Ajit Doval, in Singapore two days earlier. Four Indian nationals living in Canada were charged with Niijar’s murder and are awaiting trial.

Persons: Amit Shah, David Morrison, ” Morrison, Morrison, Shah’s, Justin Trudeau, Hardeep Singh Nijjar, Shah, Vikash Yadav, Nathalie Drouin, Lawrence Bishnoi, Bishnoi, Drouin, Narendra Modi’s, Ajit Doval, Mike Duheme Organizations: Canadian, Indian, Foreign, Washington Post, Sikh, Canada, United States Justice Department, Justice Department, Royal Canadian Mounted Police Locations: OTTAWA, Ontario, Canada, British Columbia, Ottawa, New York City, York, India, United States, New Delhi, Singapore, Surrey, An Indian

☆ Canada alleges Indian minister Amit Shah behind plot to target Sikh separatists
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +2 min

The Canadian government alleged on Tuesday that Indian Minister of Home Affairs Amit Shah, a close ally of Hindu nationalist Prime Minister Narendra Modi, was behind the plots to target Sikh separatists on Canadian soil. The Washington Post newspaper first reported that Canadian officials alleged Shah was behind a campaign of violence and intimidation targeting Sikh separatists in Canada. India has called Sikh separatists "terrorists" and threats to its security. Sikh separatists demand an independent homeland known as Khalistan to be carved out of India. The Canadian case is not the only instance of India's alleged targeting of Sikh separatists on foreign soil.

Persons: Narendra Modi, Amit Shah, of Home Affairs Amit Shah, Canada's, Shah, David Morrison, Morrison, Indira Gandhi, Hardeep Singh Nijjar, Vikash Yadav, Gurpatwant Singh Pannun Organizations: Indian, India's, of Home Affairs, Washington Post, Foreign, Commission of, FBI, West Locations: Varanasi, Canada, U.S, Commission of India, Ottawa, India, Washington, Indian, New York City, China

☆ Canada alleges Indian minister ordered campaign targeting Sikh separatists
▼ + stars: | 2024-10-30 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

Ottawa, Ontario AP —A Canadian official alleged Tuesday that Indian Home Minister Amit Shah ordered a campaign of violence, intimidation and intelligence-gathering targeting Sikh separatists inside Canada. Prime Minister Justin Trudeau said a year ago that Canada had credible evidence agents of the Indian government were involved in the murder of Canadian Sikh activist Hardeep Singh Nijjar in British Columbia in June 2023. Indian government officials have repeatedly denied Canada has provided evidence and have called the allegations absurd. Nathalie Drouin, Trudeau’s national security adviser, told the committee Tuesday that Canada has evidence the Indian government first gathered information on Indian nationals and Canadian citizens in Canada through diplomatic channels and proxies. The Royal Canadian Mounted Police said it took the extraordinary step of talking publicly about ongoing investigations because of threats to public safety.

Persons: Amit Shah, David Morrison, ” Morrison, Morrison, Shah’s, Justin Trudeau, Hardeep Singh Nijjar, Ottawa didn’t, Shah, Vikash Yadav, Nathalie Drouin, Lawrence Bishnoi, Bishnoi, Drouin, Ajit Doval, Mike Duheme Organizations: Ontario AP, Canadian, Indian, Foreign, Washington Post, Sikh, United States Justice Department, Justice Department, Royal Canadian Mounted Police Locations: Ottawa, Ontario, Canada, British Columbia, New York City, York, India, United States, New Delhi, Singapore, Surrey, An Indian

☆ Why Micron is the latest AI darling — for today at least
▼ + stars: | 2024-09-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Micron has seized the limelight in the AI space after its latest earnings report. AdvertisementMicron is stealing the show in the AI space — at least for now — as investors bask in its latest earnings results. Though its year-to-date gains have badly lagged other AI behemoths like Nvidia, Micron shares rose as much as 20%. Trading volume jumped to 42.5 million mid-day Thursday, outpacing interest in other firms in the AI space, like Intel, Tesla, and Palantir. Bank of America raised its price target for Micron to $125 a share, implying over 30% upside.

Persons: —, Rosenblatt, William Kerwin, David Morrison Organizations: Micron, Wall Street, Service, Nvidia, Intel, Micro Computer, Tesla, Bank of America, MU, Morningstar, Bloomberg, Nasdaq, Micron Technology, Trade Nation Locations: New York

☆ Why oil prices have cratered to their lowest level in nearly 3 years
▼ + stars: | 2024-09-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. OPEC cut its oil demand outlook and delayed production boosts, while US production hits record highs. In its monthly oil market report, OPEC cut its outlook for oil demand because of the deceleration in China's economy. That's nearly double its oil production levels in 2014. Senior market analyst David Morrison at Trade Nation said in an email that investors shouldn't expect a rebound in oil prices anytime soon.

Persons: Brent, —, oil's, That's, David Morrison, Morrison Organizations: ., Service, brent, OPEC, Trade Nation Locations: Brent, YCharts

☆ Dow plunges more than 1,000 points as global stock rout deepens on recession fear
▼ + stars: | 2024-08-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The stock market crashed Monday, with the Nasdaq 100 dropping nearly 6%. AdvertisementUS stocks crashed on Monday, with the Nasdaq shedding nearly 6% as the global market rout that kicked off late last week accelerated. AdvertisementThe losses accelerated on Monday after Japan's stock market experienced its worst decline since the Black Monday crash in 1987, falling 12%. Berkshire Hathaway now holds a record $277 billion in cash, leading to some investors worrying that Buffett has soured on the stock market. The bigger question is whether this bloodletting will prove sufficient to provide a basis for a resumption of the stock market rally, and ultimately fresh record highs.

Persons: —, nonfarm payrolls, Jamie Cox, Warren, Berkshire Hathaway, Buffett, bitcoin, David Morrison Organizations: Nasdaq, Berkshire Hathaway's Apple, Service, Dow Jones, Amazon, Intel, Bank of Japan, Federal Reserve, Harris Financial, Berkshire Hathaway's, Berkshire, FCA Locations: Berkshire

☆ Stock market today: Chipmakers lead tech surge ahead of Fed rate decision
▼ + stars: | 2024-07-31 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks surged as chipmakers lifted tech shares ahead of the Federal Reserve's rate decision. Fed Chair Powell's guidance will be crucial, with market sentiment hinging on his remarks. All eyes will be on Fed Chair Powell, who is expected to issue guidance on rate cuts in prepared remarks. Advertisement"Tonight's press conference from Fed Chair Jerome Powell may provide a catalyst for the next move. "A too-strong signal of a coming September rate cut may scare traders into thinking that the Fed sees abrupt economic weakness ahead.

Persons: —, Morgan Stanley, Powell, Jerome Powell, David Morrison, Thierry Wizman Organizations: Service, Nvidia, AMD, Federal Reserve, Fed, Trade Nation, Macquarie

☆ Stock market today: US stocks slide as high-profile earnings disappoint
▼ + stars: | 2024-07-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks tumbled on Wednesday as traders digested weak tech earnings. Tesla missed on earnings last quarter, while Alphabet said YouTube ad revenue fell short. AdvertisementUS stocks continued their slide on Wednesday, led by a decline in tech stocks after Alphabet and Tesla reported earnings for the second quarter. Investors mulled a disappointing round of earnings reports on Tuesday, with Tesla missing earnings estimates and Alphabet reporting that its YouTube ad revenue fell short the last quarter. Investors are eyeing a slew of coming high-profile earnings, with Meta, Apple, and Amazon on deck to report their financials next week.

Persons: Tesla, —, David Morrison, Will today's Organizations: Service, YouTube, Elon, Trade, Meta, Apple, Here's

☆ Stock market today: Indexes cap stellar first half of 2024 with losses even after encouraging inflation report
▼ + stars: | 2024-06-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

US indexes ended the day lower, despite market excitement over the latest PCE data. The stock market closed 2024's first half strongly, with the S&P 500 up nearly 15%. "The soft inflation data will build the case that the Fed can start cutting rates in the coming months," LPL Financial chief economist Jeffrey Roach said. Currently, futures markets are pricing in the odds of twoThe soft inflation reading was not enough to keep the indexes in the green through Friday, but the stock market still strongly closed out the first half of 2024. Could these be harbingers of weakness to come, or will they take over as market leaders in the second half?"

Persons: —, Jeffrey Roach, that's, David Morrison, Dow, Russell Organizations: Service, Federal Reserve, Financial, Here's

☆ Stock market today: Indexes trade mixed as traders try to recover from Nvidia-fueled sell-off
▼ + stars: | 2024-06-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

US indexes climbed as Nvidia reversed a three-day sell-offNvidia's stock fell nearly 17%, offering long investors opportunity to buy in. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS indexes moved mostly higher Tuesday morning, with investors looking to reverse the Nvidia-led drop. AdvertisementThis week, investors are also keeping track of Federal Reserve commentary from a roster of officials scheduled to speak, as well as the personal consumption expenditures data scheduled for Friday. Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:AdvertisementHere's what else happened today:In commodities, bonds, and crypto:Advertisement

Persons: Michelle Bowman, —, David Morrison Organizations: Nvidia, Fed, Service, Trade Nation, Federal Locations: Nvidia's

☆ Stock market today: US stocks trade mixed as investors gear up for more inflation data this week
▼ + stars: | 2024-06-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Nvidia stock continued to move lower following a big rally last week. With earnings season over, it's a quiet week on the macro front for investors. The biggest data release this week is Fed's preferred PCE inflation gauge on Friday. AdvertisementUS stocks traded mixed on Monday as investors gear up for a new set of inflation data later in the week. With earnings season over, investors will turn their attention to the PCE inflation data set to be released on Friday, which happens to be the Federal Reserve's preferred inflation gauge.

Persons: Stocks, Fed's, —, David Morrison Organizations: Nvidia, Service, Dow Jones Industrial, Nasdaq, Trade Nation, Federal, PCE Locations: Here's

☆ Stock market today: S&P 500 closes at a record high as investors await the latest Fed decision, May CPI
▼ + stars: | 2024-06-11 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The S&P 500 and Nasdaq notched new highs Tuesday as investors geared up for the Fed's policy decision. Shares of Apple soared as much as 7% as Wall Street cheered its WWDC event. AdvertisementUS stocks were mostly higher Tuesday, with the S&P 500 and Nasdaq hitting all-time highs as traders looked ahead to the Federal Reserve's latest policy decision. If so, that will be below the recent highs of 3.7% from September and October, but still well above the 3% recorded last July, and way above the Fed's own 2% target. The firm's unveiled developments were met with fanfare on Wall Street, and the stock jumped as much as 7%.

Persons: —, Jerome Powell, David Morrison, Apple Organizations: Nasdaq, Apple, Service, Federal

☆ Stock market today: US stocks edge lower ahead of Apple event, economic data
▼ + stars: | 2024-06-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell as bond yields increased ahead of a big week of updates for the market. Investors are eyeing Apple's WWDC event, a Fed meeting, and key inflation reports this week. The Fed is expected to leave rates unchanged but officials will offer more insight into future moves. AdvertisementUS stocks edged lower while bond yields rose ahead of a big week for the market. Investors will have to navigate Apple's WWDC event, a Federal Reserve meeting, and multiple inflation reports this week, all of which could shake up stock prices.

Persons: —, David Morrison Organizations: Service, Investors, Reserve, CPI, Fed, Trade Nation

☆ Stock market today: Indexes slide as investors assess weak economic data
▼ + stars: | 2024-06-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

"While a pull-back in US economic data helps bolster the likelihood of Fed rate cuts, it does so for all the wrong reasons." Investors will be watching new jobs data this week, culminating in the May nonfarm payroll report on Friday. AdvertisementUS stocks slumped lower on Tuesday as early June data left investors uncertain about strength in the economy. "While a pull-back in US economic data helps bolster the likelihood of Fed rate cuts, it does so for all the wrong reasons. Concerned investors will turn their attention toward job data later in the week, with job openings data set to be published on Tuesday.

Persons: —, David Morrison Organizations: Service, Bank of America

☆ Stock market today: Indexes trade mixed as Nvidia-led momentum takes a break ahead of earnings
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stock trades fell flat as investors take a breather ahead of Nvidia's earnings. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe latest rally in stocks faltered Tuesday morning, with investors stepping back ahead of Nvidia's upcoming earnings report and further communications from Federal Reserve officials. Tuesday will also be saturated with speakers from the Federal Reserve, whose comments could provide insight into monetary policy.

Persons: —, Dow, Jamie Dimon, David Morrison, Thomas Barkin, Christopher Waller, John Williams, Raphael Bostic, Susan Collins, Loretta Mester Organizations: Fed, Service, Federal Reserve, Nasdaq, Alto Networks, Urban Outfitters, Toll, Trade Nation Locations: Here's

☆ It's going to be a long summer for the stock market
▼ + stars: | 2024-05-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

The stock market is headed for a disappointing few months. And I think we should also be prepared to see some nasty aggressive selloff along the way," Morrison said. "Political volatility is, in itself… going to trip over stock market volatility," McGough warned. More extreme forecasters have predicted a market crash as steep as 65%, as equities mirror previous bubbles. You're probably going to come back without the material move one way or the other," McGough said.

Persons: there's, —, David Morrison, Morrison, Will McGough, McGough Organizations: Service, Wall Street, Business, Trade, Dow Jones Industrial, Federal Reserve, Prime Capital Investment Advisors, Fed, New York Fed, Treasury

☆ Stock market today: Indexes extend gains as traders eye Fed speakers for rate clues
▼ + stars: | 2024-05-07 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Markets started were revived last week as the April jobs report renewed hopes of rate cuts. Investors will tune in to Fed speakers this week for further clues about Fed policy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Morning gains stretched the stock rally into its fourth day, a move up first sparked by Friday's jobs report. A lineup of Fed speakers this week could potentially deepen this notion or, otherwise signal that markets are turning too optimistic.

Persons: Stocks, —, David Morrison, Neel Kashkari, Lisa Cook, Austan Goolsbee Organizations: Service, Federal Reserve, Trade Nation, Fed, Minneapolis, Chicago

☆ US stocks rise to start short trading week as investors assess rate outlook
▼ + stars: | 2023-11-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks rose on Monday as investors looked ahead at the Fed's next rate move. Investors are pricing in a nearly 30% chance the Fed could cut rates by March. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks rose on Monday as investors assessed the outlook for interest rates into 2024, kicking off the short trading week on a positive note. Traders have raised their expectations for the Fed to cut rates sometime early next year, thanks to inflation running at a below-expected 3.2% yearly pace in October.

Persons: —, David Morrison Organizations: Traders, Nvidia, Service, Fed, FCA, Here's, Dow Jones, Nasdaq

☆ You can thank China and record US oil output for lower gas prices
▼ + stars: | 2023-11-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

But the cost of crude oil has been largely declining since the middle of October. The average for a gallon of gas in the United States, meanwhile, dropped to $3.37, according to AAA. This “steady, if slow” decline in gas prices, said an AAA spokesperson, may soon gain speed if oil prices continue their descent. They’re more concerned with economic weakness in China and an increase in oil production in the United States. In the first week of November, US crude oil production reached a new record of 13.2 million barrels per day.

Persons: ” David Kelly, ”, ” David Morrison, refiners, ” Craig Erlam, Brent, Chris Isidore, “, Ted Decker, Refinitiv, Read, Homebuyers Organizations: CNN Business, Bell, New York CNN, AAA, Asset Management, Federal Reserve, Trade, China’s National Bureau of Statistics, . West Texas Intermediate, International Energy Agency, Revenue, National Association of Realtors, Census Locations: New York, Europe, Saudi Arabia, Russia, United States, China, Iran, America, United

☆ S&P 500 notches eighth straight win as US markets close mixed
▼ + stars: | 2023-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

The S&P 500 wobbled through the day but managed to hold on to its longest winning streak in nearly two years. The index closed the day up 0.1%, marking its eighth day of consecutive gains. The market’s mixed messages come as a slew of Federal Reserve policymakers spoke this week. Third-quarter earnings season is beginning to wind down, with 88% of S&P 500 companies having reported already. Video game developer Roblox saw its shares pop 11.8% after the company announced a strong earnings report with more in-game sales.

Persons: Dow, Jerome Powell, ”, David Morrison, Rivian, WBD, Robinhood, Roblox, Walt Disney Organizations: New, New York CNN, Nasdaq, Fed, Treasury, International Monetary Fund, “ Traders, Trade Nation . Energy, Warner Bros, CNN, AMC Locations: New York, Washington ,, Europe, China

☆ What orange juice futures tell us about the state of our world
▼ + stars: | 2023-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Cocoa and orange juice futures have hit multi-decade highs as climate change and harsh weather takes their toll on crops in warmer climates. Here’s the latest in the commodities market:Orange juiceOrange juice futures have soared to their highest levels since the commodity began trading in 1966. The January contract for frozen concentrated orange juice is currently sitting around $3.95, up nearly 94% so far this year. The rally has led to a rise in speculative betting, leading some analysts to call orange juice futures the new GameStop. But “the eventual crash in the price of orange juice will be one for the record books,” he quipped.

Persons: Nicole, it’s, they’re, ”, Dave Reiter, It’s, Brent, David Morrison, stoking, That’s, WeWork, Nathaniel Meyersohn, Ermengarde Jabir, Alicia Wallace, “, Ted Rossman Organizations: CNN Business, Bell, New York CNN, OJ, Sunshine State, Futures, GameStop, Reiter Capital Investments, Cocoa, West Texas Intermediate, “ Traders, Trade Nation . Energy, Wheat, Organisation for Economic Co, Federal Reserve Bank of New, New York Fed Locations: New York, Ukraine, Orange, US, Brazil, Mexico, Florida, Ghana, Ivory Coast, Ivory, Chicago, Southeast Asia, Europe, China, Russia, America, United States

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