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☆ Kashmir: This disputed region of India has bread that rival France’s
▼ + stars: | 2024-11-20 | by ( Smitha Menon | ) edition.cnn.com time to read: +10 min

While rice is the staple that’s cooked in households across Kashmir, bread is what drives the local community and economy. With so much traditional knowledge guarded and passed down through generations, Kashmir’s bread culture could qualify for a UNESCO intangible heritage listing and possibly rival France’s boulangerie tradition. Her father hailed from Kashmir so for her, summertime equals Kashmir, and Kashmir equals a warm, pillowy girda. When she returned years later, to learn more about Kashmir’s bread culture from her neighborhood baker, she was promptly told off. “Bread is really sacred in Kashmir and that relationship that a family has with their local kandurwan is really special.

Persons: Emperor Jehangir, Faisal Khan, Mukhtar Khan, France’s, Altaf, “, Mehvish, ”, AP Dal, Muzamil, Marryam, Reshii, roth, it’s, that’s, rogan josh, Roth, Jasleen Marwah, girda, I’d, Marwah, Tauseef Mustafa, Varun Totlani, tzir, Hussain Shahzad, morel, Vanika Chaudhury, Vanika, scoffed, Douglas McMaster, Chaudhury Organizations: India CNN, Silk, Anadolu Agency, Getty, UNESCO, CNN, AP, Folk, Silo Locations: Srinagar, India, Kashmir, Srinagar’s, Pakistan, kandarwans, Europe, East, Asia, Central Asia, pillowy, New Delhi, Goa, Portuguese, chai, “, Indian, Mumbai, AFP, India’s Himachal Pradesh, Masque, Mumbai’s, Lower Parel, London

After Harris became the nominee, support from Asian American women jumped to 72%. Support from Asian American men also increased, but not as drastically, sitting now at 59%. Though not nearly as strong as Harris’ pull on Asian women, there are factors that might be siphoning Asian men, Ramakrishnan said. Trump has made marginal gains among Asian men too, he said, but Harris’ draw on both groups far outweighs it. “AAPI women and South Asian women view abortion access as health care,” said Varun Nikore, executive director of the nonprofit AAPI Victory Alliance.

Persons: Sumati Thomas, Kamala Harris, “, ”, “ I’m, Harris, Roe, ” Thomas, Joe Biden, it’s, Karthick Ramakrishnan, Ramakrishnan, hasn’t, AAPI, Harris ’, Trump, Thomas “, President Trump, ” Trump, Steven Cheung, Trump’s, Varun Nikore, they’ve, Thomas, ” Nikore Organizations: Democratic, AAPI, NBC, Victory Alliance Locations: Mississippi, American, Harris, droves

☆ AI sales startup Clay is raising a new funding round at a $1.3 billion valuation, sources say
▼ + stars: | 2024-10-16 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +3 min

The company last raised a $46 million Series B at a $500 million valuation led by Meritech in June. AdvertisementClay, the AI-powered sales startup, is set to be valued at $1.3 billion in a new insider funding round, two sources told Business Insider. Sequoia Capital, First Round Capital, Box Group, and Boldstart Ventures participated in that round. Clay's AI messaging tool can then help sales teams send tailored outbound messages to prospective customers. Apollo, a sales intelligence startup, raised a $100 million Series D round led by Bain Capital Ventures last year at a $1.6 billion valuation.

Persons: Clay, Meritech, —, Kareem Amin, Amin, Varun Anand Organizations: Service, Business, Meritech Capital, Sequoia Capital, Boldstart Ventures, Wall Street, Bain Capital Ventures

☆ A product manager shares the résumé that helped him transition from consulting and land a $180,000 role at Cisco
▼ + stars: | 2024-10-15 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Varun Kulkarni transitioned from consulting to a senior product manager role at Cisco. He tailored his résumé to highlight skills that apply to tech more than they do to consulting. Next, he spent about two months cold-emailing and networking with people who had made a similar move from consulting to tech. Once he felt ready to interview, landing a job — a senior product manager at Cisco — took two months. This is the résumé Kulkarni used to apply to the company.

Persons: Varun Kulkarni, —, Kulkarni, Cisco — Organizations: Cisco, Service, Deloitte, Big Tech, Business Locations: Seattle

☆ Rate cut is already baked into mortgage rates, says Rocket Companies CEO Varun Krishna
▼ + stars: | 2024-09-17 | 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 EmailRate cut is already baked into mortgage rates, says Rocket Companies CEO Varun KrishnaRocket Companies CEO Varun Krishna joins ‘The Exchange’ to discuss the Fed's impact on mortgage rates, the state of the housing market, and more.

Persons: Varun, Varun Krishna Organizations: Rocket

☆ BuzzFeed keeps attracting investors who are upset with BuzzFeed
▼ + stars: | 2024-07-29 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

BuzzFeed is a digital publisher that used to attract a lot of attention from people who thought it was the future of media. Now, it attracts people who think it is mismanaged and want to change the way CEO Jonah Peretti runs the company. But it remains unclear how BuzzFeed investors can influence Peretti's ownership. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Varun Gupta thinks it should be worth more.

Persons: Jonah Peretti, —, BuzzFeed, Varun Gupta, Gupta, he's Organizations: Service

☆ Sundar Pichai says Google is 'moving fast' with AI — but explains why it might need to slow down at times
▼ + stars: | 2024-05-20 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Google boss Sundar Pichai says the company is moving boldly but cautiously with its AI efforts. In an interview with a YouTuber, Pichai discussed the balance of fast innovation and responsibility. Google's AI misstep with Gemini and competitive pressure may be behind the need for such a balance. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . CEO Sundar Pichai said the company is trying to balance "moving fast" with being responsible, and that could mean it would need to slow down the launch of future AI tools.

Persons: Sundar Pichai, Pichai, —, YouTuber Varun Organizations: Gemini, Service, Google, Business

☆ This emerging market fund has outperformed over 1, 5 and 10 years. Here's how
▼ + stars: | 2024-04-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

The global emerging markets fund managed by Aubrey Capital has achieved impressive returns over the past decade. This approach has helped the Aubrey Global Emerging Markets Opportunities Fund to post returns of 13.8% over the past year, nearly double the MSCI Emerging Market Index 's 8.2% gain. Aubrey's investment approach is based on its Global Emerging Markets Strategy , which oversees nearly $600 million of assets. Out of about 2,000 consumer-facing companies in the emerging markets universe, Aubrey is only invested in about 35. Nearly half the Aubrey Global Emerging Markets Opportunities Fund is invested in India.

Persons: Aubrey Capital, Mark Martyrossian, Aubrey, Martyrossian, Taiwan's, It's, Varun Organizations: Aubrey, CNBC, Aubrey Global, Fund, Global, PepsiCo, Companies, Arca Continental, Burger King, Arcos Dorados, DLF Locations: Turkey, South Africa, Hong Kong, China, India, United States, Mexico, Brazil, Delhi, Mumbai

☆ Someone added a beard to a photo of Zuck. People liked it so much that they want him to grow one for real.
▼ + stars: | 2024-04-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

An edited image showing Mark Zuckerberg with a beard has raised a lot of eyebrows. The picture has been shared widely, with some users failing to notice Zuck's new beard was fake. An edited image of Zuckerberg with a fake beard has been going viral on social media. AdvertisementMe: Bearded Zuck you have to stop. Some users even took the opportunity to encourage the Meta CEO to grow some real facial hair.

Persons: Mark Zuckerberg, Priscilla Chan, —, Zuckerberg, Mike Rundle, Kate Middleton's, Varun Mayya Organizations: Service Locations: @flyosity, Kensington

CNN —British singer Ed Sheeran wowed the stage in Mumbai with Diljit Dosanjh over the weekend as the pair sang a rendition of the Indian artist’s hit track “Lover” in Punjabi, a duet that promptly lit up India’s social media. Both artists posted videos of their performances on Instagram, with huge cheers from the crowd as Sheeran invited his singing partner onto the stage. “Got to bring out @diljitdosanjh tonight in Mumbai and sing in Punjabi for the first time. I’ve had such an incredible time in India, more to come!” Sheeran wrote in a post. Fans and Indian celebrities on social media praised Dosanjh for getting Sheeran to sing in an Indian language.

Persons: Ed Sheeran, Dosanjh, Sheeran, “, I’ve, ” Sheeran, Singer, Diljit, ”, Varun Dhawan, Sahil Bulla, ” Dosanjh, “ Hass Hass, Sia Organizations: CNN, Spotify Locations: British, Mumbai, India, London, Australia, Punjab, Pakistan

☆ Rocket Cos. Hires Former Airbnb CMO Jonathan Mildenhall as Its CMO
▼ + stars: | 2024-01-13 | by ( Megan Graham | ) www.wsj.com time to read: 1 min

Jonathan Mildenhall, who previously held marketing roles at Airbnb and Coca-Cola, is joining Rocket Cos. as chief marketing officer. Photo: Frazer Harrison/Getty ImagesRocket Cos., the parent of mortgage lender Rocket Mortgage, has hired Jonathan Mildenhall to be its first chief marketing officer. The Detroit-based company said Mildenhall, a well-known marketing executive who is set to start on Monday, will be responsible for creating a more unified voice for Rocket Cos.’ businesses, which also include home search platform Rocket Homes, personal finance app Rocket Money and advertising company Core Digital Media. Marketing and communications teams for Rocket Cos.’ brands will report to Mildenhall, who will report to Rocket Cos. Chief Executive Varun Krishna .

Persons: Jonathan Mildenhall, Frazer Harrison, Cos, Varun Krishna Organizations: Cos, Rocket Mortgage, Core Digital Media, Marketing Locations: Detroit, Mildenhall

☆ Global hedge funds further offloaded Chinese stocks in Nov
▼ + stars: | 2023-12-04 | by ( Summer Zhen | ) www.reuters.com time to read: +2 min

This was also the ninth month of net outflows this year, the bank said, dragging emerging Asia to become the region with the largest net outflows across the world. U.S.-listed Chinese stocks and mainland A-shares led the selloff in November, Goldman Sachs said, adding it was "partially offset by net buying in H-shares." Within emerging Asia markets, Taiwan also recorded net outflows last month, while South Korea saw the largest net inflows, Goldman Sachs said. Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan, which saw net purchases in the month. ($1 = 7.1381 Chinese yuan renminbi)Reporting by Summer Zhen; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Goldman Sachs, HSI, Joe Biden, Xi Jinping's, Outflows, Summer Zhen, Varun Organizations: REUTERS, CSI, Investors, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, U.S, Taiwan, South Korea, Singapore, Japan

☆ Japan's TDK Corp to manufacture iPhone battery cells in India - minister
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

A man takes a video inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsBENGALURU, Dec 4 (Reuters) - Japanese electronic parts maker TDK Corp (6762.T) will manufacture lithium ion (li-ion) battery cells for Apple (AAPL.O) iPhones in India, a minister said on Monday. loadingApple has been touting India as its next big growth driver as it looks to move some production away from China. Cells manufactured at the facility will be supplied to Apple's li-ion battery assembler Sunwoda Electronics, the report added. Apple and TDK Corp did not immediately reply to Reuters' request for comment.

Persons: Francis Mascarenhas, TDK, Information Technology Rajeev Chandrasekhar, Manvi, Varun Organizations: Apple, REUTERS, Rights, TDK Corp, Information Technology, Twitter, Business, Reuters, Thomson Locations: Mumbai, India, iPhones, China, Wistron, Haryana, Manvi Pant, Bengaluru

☆ Gold eyes 3rd weekly gain as lower inflation cements Fed cut bets
▼ + stars: | 2023-12-01 | by ( Harshit Verma | ) www.reuters.com time to read: +2 min

Spot gold rose 0.3% at $2,042.58 per ounce by 0621 GMT on Friday, and is up about 2% for the week so far. The metal rose $60 in November in its second straight monthly gain. Data on Thursday showed U.S. consumer spending rose moderately in October, while the annual increase in inflation was the smallest in more than 2-1/2 years. "However, month-end flow may have also been a factor, and seasonality tends to favour gains for gold between November and December," City Index's Simpson added. Spot silver and platinum edged up 0.1% to $25.29 and $927.44 per ounce, respectively, while palladium rose 0.4% to $1,011.65.

Persons: Alexander Manzyuk, Powell, Matt Simpson, CME's, Index's Simpson, Hugo Pascal, Harshit Verma, Nivedita Bhattacharjee, Mrigank Organizations: REUTERS, Federal, Reuters, Federal Reserve, Traders, U.S, Thomson Locations: Novosibirsk, Siberian, Russia, U.S, Bengaluru

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in Carson, California, U.S., March 11, 2022. REUTERS/Bing Guan/File Photo Acquire Licensing RightsNov 29 (Reuters) - Elliott Investment Management has taken a $1 billion stake in Phillips 66 and is urging the U.S. oil refiner and pipeline operator to revamp its board to boost lagging performance. Phillips 66 has lagged its U.S. refining rivals at a time when fuel demand and margins have soared for the industry. Phillips 66 Chief Executive Mark Lashier acknowledged discussions with Elliott but did not say whether the company was open to adding two Elliott-recommended directors to its board. Phillips 66 currently has 13 board members.

Persons: Bing Guan, Phillips, Mark Lashier, Elliott, Lashier, John Pike, Mike Tomkins, Garfield Miller, Miller, Svea Herbst, Bayliss, Laura Sanicola, Gary McWilliams, Anil D'Silva, Bernadette Baum, Mark Porter Organizations: Phillips, Los, Los Angeles Refinery, Elliott Investment Management, Marathon Petroleum, Energy, Exxon Mobil, Aegis Energy Advisors, Elliott, Svea, Thomson Locations: Los Angeles, Carson , California, U.S, Houston, Providence, New York, Bengaluru

"These measures could boost (earnings) growth and help asset prices recover in 2024," Liu said. As per the forecasts, the consumer staples and software sectors are set to post earnings growth of 40% and 30%, respectively. The consumer discretionary and industrial sectors are each expected to see roughly 20% growth, while the real estate sector may grow 18%. Such stable or growth-centric government policies would also boost investor confidence in the e-commerce and consumer sectors, Lau added. Maurer, however, points to how cheap Chinese stocks are and that the risks might already be priced in.

Persons: Minyue Liu, Liu, John Lau, Lau, Alec Jin, Jin, Caroline Yu Maurer, Maurer, Patturaja Murugaboopathy, Vidya Ranganathan Organizations: BNP, Management, Asia Pacific, SEI, Reuters, Reuters Graphics, Stock Connect, HSBC Asset Management, Thomson Locations: Asia, China, Shanghai, U.S

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

☆ Indian foodtechs Zomato, Swiggy get notice for $90 mln in unpaid taxes -CNBC TV18
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsBENGALURU, Nov 22 (Reuters) - India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to food delivery companies Zomato (ZOMT.NS) and Swiggy, CNBC-TV18 reported on Wednesday, citing sources. The Directorate General of GST Intelligence (DGGI) has sent a tax demand of more than 4 billion rupees to Zomato and of around 3.5 billion rupees to Swiggy, the report said. Zomato declined to comment, while Swiggy and the DGGI did not immediately respond to Reuters' requests for comment. ($1 = 83.2440 Indian rupees)Reporting by Varun Vyas in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Zomato, Varun Vyas, Savio D'Souza Organizations: REUTERS, Rights, CNBC, TV18, GST Intelligence, Thomson Locations: Bengaluru

☆ Las Vegas hospitality unions ratify 5-year contract with Caesars
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Caesars Palace Las Vegas Hotel and Casino is seen on the Las Vegas Strip in Las Vegas, Nevada, U.S. February 26, 2018. REUTERS/Darrin Zammit Lupi/File Photo Acquire Licensing RightsNov 20 (Reuters) - Unions representing hospitality workers in Las Vegas said on Monday that thousands of members employed at Caesars Entertainment (CZR.O) have voted to ratify a new five-year contract. loadingThe Culinary Workers and Bartenders Unions had earlier this month reached a tentative deal with Caesars for a "historic" new contract for 10,000 employees. The unions had also reached agreements with Wynn Resorts (WYNN.O) and MGM Resorts International (MGM.N), the ratification votes for which are due in the next few days. The casinos reached the agreement with the unions just in time before the strike on Nov. 10, which had threatened to shut down the Las Vegas Strip.

Persons: Darrin Zammit Lupi, Baranjot Kaur, Nivedita Bhattacharjee Organizations: Las, REUTERS, Caesars Entertainment, Culinary Workers, Bartenders, Caesars, Wynn Resorts, MGM Resorts International, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Bengaluru

Revenue for the quarter ended Sept. 30 was 34.45 billion yuan ($4.72 billion), compared with analysts' estimates of 34.33 billion yuan, according to LSEG data. Baidu has in recent years focused increasingly on AI, creating a self-driving vehicle and investing heavily in generative AI, which is capable of creating text, images and other media. Baidu's Chief Financial Officer Rong Luo said the firm will continue to prioritise AI investments, especially in generative AI and foundation models, to power its growth. Baidu's online marketing revenue rose 5% in the third quarter to 19.7 billion yuan. During the quarter, Baidu reported adjusted net income of 7.27 billion yuan, up 23% from 5.89 billion yuan for the same period last year.

Persons: Tingshu Wang, Ernie, Rong Luo, Luo, Alibaba, Yuvraj Malik, Varun H, Miral Fahmy, Sharon Singleton Organizations: Baidu, REUTERS, HK, Tuesday, International Monetary Fund, Nvidia, Reuters, Huawei, Thomson Locations: Beijing, China, Washington, Bengaluru, Yelin Mo

☆ India's TCS to take $125 mln hit to Q3 earnings over US lawsuit
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: 1 min

Figurines with computers and smartphones are seen in front of Tata Consultanct Services logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBENGALURU, Nov 21 (Reuters) - India's Tata Consultancy Services (TCS.NS) on Tuesday said it will make a provision of $125 million in its third-quarter results in relation to a 2014 trade secret lawsuit filed against the company by U.S.-based EPIC Systems. (This story has been corrected to say that the lawsuit was filed in 2014, not 2016, in paragraph 1)Reporting by Varun Vyas in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Varun Vyas, Varun Organizations: Tata Consultanct Services, REUTERS, Rights, India's Tata Consultancy Services, U.S, EPIC Systems, Thomson Locations: Bengaluru

There's music to enjoy too, with Hannah Waddingham leading an Apple TV+ special and the annual Tabernacle Choir concert airing on PBS. Here's where — and when, in Eastern Standard Time — to watch this year's holiday TV bonanza. Hatcher offers a second holiday movie helping this season with a rekindling romance rom-com. The quintet portray former soap opera co-stars who come together for a live holiday special and play matchmakers with their producer and director. HOLIDAY TUNES“Ted Lasso” star Hannah Waddingham taps into her musical theater background by hosting her own Christmas special for Apple TV+ called “ Hannah Waddingham: Home for Christmas."

Persons: Charlie Brown, ”, Melissa McCarthy's, Hannah Waddingham, Lori Loughlin, Teri Hatcher, Lacey Chabert, Denise Richards, Hatcher, Kate Hudson's “, Loughlin, James Tupper, Paul Hollywood, Prue Leith, “, Joel McHale, Phoebe Robinson, Heather McMahan, Chris “ Ludacris ” Bridges, Eddie, Teyonah Parris, Nick, Lil Rel Howery, Santa Claus, Varun Saranga, Jean, Luc Bilodeau, Devyn Nekoda, Nadine Bhabha, Sarah Levy, Leighton Meester, Robbie Amell, “ EXmas, Graham, Ali, Scott Wolf, Jenn Lilley, Matthew Morrison, William DeVry, Chabert, Holly, Kristoffer Polaha, Bethany Joy Lenz, Loni Anderson, Morgan Fairchild, Linda Gray, Donna Mills, Nicollette Sheridan, Jonathan Bennett, Cherry, Vincent Rodriguez III, Erin Cahill, John Brotherton, James Denton, Catherine Bell, Tia Mowry, Kringle, Buddy Valastro, Melissa McCarthy, Paapa, Candace Cameron Bure’s, Natasha Bure, Natasha, Cheryl Ladd, Wolf, Andy Rooney, he’s, Rudolph, Red, “ Frosty, Frosty, Nick Jr, “ Bossy, Vic Michaelis, Bryan Greenberg, Ted Lasso ”, Broadway’s Lea Salonga, Sir David Suchet, Fox’s, Singer ”, ” alums, Nick Cannon, Jenny McCarthy, Wahlberg, Ken Jeong, Robin Thicke, Nicole Scherzinger Organizations: Disney, Apple, Tabernacle Choir, Hulu, Amazon, “ Party, Hallmark, Hallmark Channel, Biltmore Estate, “ Ladies, Lifetime, Netflix, TBS, TNT, CBS, Paddington, London Coliseum, Tabernacle, PBS Locations: Peacock, Milwaukee, Santa, “, North Carolina, New York, Santa Claus

☆ Japanese equities draw huge foreign inflows amid easing Fed rate hike fears
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsNov 16 (Reuters) - Foreign investors were major buyers of Japanese equities last week, buoyed by robust corporate earnings and a broader global market rally amid expectations that the U.S. Federal Reserve may pause its aggressive interest rate hikes. Data from Japanese exchanges showed foreign investors purchased stocks worth a net 1.12 trillion yen ($7.40 billion)in the week ended Nov. 10, their biggest weekly net buying since the week ended June 16. Reuters GraphicsInvestments were predominantly focused in derivatives, totaling about 1.04 trillion yen, complemented by 78.3 billion yen directed into cash equities. Year-to-date, Japanese stocks have attracted net inflows of 5.96 trillion yen from foreign investors, a stark contrast to 4.07 trillion yen of net outflows in the year-ago period. Meanwhile, Japanese investors withdrew 73 billion yen from overseas stocks in the last week, becoming net sellers of foreign stocks for the first time in seven weeks.

Persons: Kim Kyung, Patturaja Murugaboopathy, Gaurav Dogra, Varun Organizations: Tokyo Stock Exchange, REUTERS, U.S . Federal, Reuters Graphics Investments, Japan's Nikkei, Treasury, Reuters, Thomson Locations: Tokyo, Japan, U.S

☆ Rocket Companies CEO Varun Krishna: Most of the players in real estate are 'significantly under-penetrated'
▼ + stars: | 2023-11-16 | 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 EmailRocket Companies CEO Varun Krishna: Most of the players in real estate are 'significantly under-penetrated'Varun Krishna, Rocket Companies CEO, joins 'Squawk Box' to discuss mortgage demand, mortgage rate trends, the state of the housing market, impact of A.I., and more.

Persons: Varun Krishna Organizations: Rocket, Rocket Companies

☆ Poland's Allegro sees higher holiday-quarter earnings after Q3 core profit beat
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 16 (Reuters) - Poland's biggest e-commerce platform Allegro (ALEP.WA) said on Thursday it expects earnings to rise 20%-23% year-on-year at home in the crucial holiday quarter, after its third-quarter core profit topped expectations. Allegro's adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 32.4% to 778 million zlotys ($191.7 million) in the Polish market, compared to 760 million zlotys expected in a company-compiled consensus. Gross merchandise value (GMV), an industry metric used to measure transaction volumes, rose in Poland by 10.5% to 13.3 billion zlotys in the reporting quarter. The number of active buyers in Poland grew for a sixth consecutive quarter to 14.5 million, it added. ($1 = 4.0587 zlotys)Reporting by Anna Pruchnicka; Editing by Kim Coghill and Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Roy Perticucci, Perticucci, Gross, Anna Pruchnicka, Kim Coghill, Varun Organizations: REUTERS, Thomson Locations: Slovakia, Hungary, Slovenia, Croatia, Czech Republic, Poland

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