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By Indian law, rape victims cannot be named. Protests and strikesIndia has struggled for years to tackle high rates of violence against women, with a number of high-profile rape cases drawing international attention. Doctors and social activists carry posters during a rally to condemn the rape and murder of a medic in Kolkata on October 2, 2024. Despite these changes, rape cases remain prevalent in the country, with victims and advocates saying the government is still not doing enough to protect women and punish attackers. According to India’s National Crime Records Bureau, a total of 31,516 rape cases were recorded in 2022, an average of 86 cases per day.
Persons: New Delhi CNN —, Kolkata’s, Vineet Kumar Goyal, ” FAIMA, Dibyangshu Sarkar Organizations: New, New Delhi CNN, CNN, Central Bureau of Investigation, RG Kar Medical College and Hospital, CBI, Kolkata, Federation of All India Medical Association, Getty, Indian Medical Association, Crime Records Locations: New Delhi, Kolkata, West Bengal, India, AFP
As Hurricane Milton approached landfall in western Florida on Wednesday, the Biden administration warned consumers and businesses of the heightened risk of potential fraud, price gouging and collusion that accompanies major natural disasters. Federal Trade Commission chair Lina Khan said the FTC is "hearing troubling reports of price gouging for essentials that are necessary for people to get out of harm's way — from hotels to groceries to gas." "Companies are on notice: do not use the hurricane as an excuse to exploit people through illegal behavior," said Manish Kumar, a deputy assistant attorney general in the Justice Department's Antitrust Division. Most states have laws intended to curb price gouging, with many of these restrictions tied to declared states of emergency. Several major airlines and retailers have told CNBC in recent days that they froze prices in advance of the storm.
Persons: Hurricane Milton, Biden, Ronald C, Gathe Jr, Lina Khan, Patrick De Haan, Manish Kumar Organizations: Hurricane, U.S, Middle, Federal Trade Commission, Justice Department's Antitrust, CNBC Locations: Florida, Middle District, Louisiana
Historical bull market records indicate that stocks are more than likely to rally further from here, according to Carson Group. The current bull market turns two years old this week (S & P 500 bottomed on October 12, 2022). Data from Carson Group analyzing S & P 500 data showed that the existing bull market is still just the second youngest of the 12 since 1950. "Although many might think this bull market has gone too far and is getting old, that isn't the case at all. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, believes that the bull market could have legs for another three to six months, maximum.
Persons: it's, Ryan Detrick, Kevin Gordon, Charles Schwab, Gordon, Komal, Kumar Organizations: Carson Group, CNBC, U.S, Sri, Kumar
CNN —Days of heavy monsoon rains in Nepal have triggered widespread flooding and landslides across the Himalayan nation, killing almost 200 people and causing widespread destruction. Nepal's Armed Police Force rescues stranded people using a zip line from a flooded river in Lalitpur, Nepal, on September 28, 2024. Sunil Pradhan/Anadolu/Getty ImagesNepal Army personnel evacuates an infant using a kayak from a flooded residential area in Kathmandu, Nepal, on September 28, 2024. Prakash Mathema/AFP/Getty ImagesA woman carrying a chair walks along a muddy street that was flooded by the overflowing Bagmati River following heavy rains in Kathmandu, Nepal, on September 29, 2024. Navesh Chitrakar/ReutersA man cleans mud from his house in a flood-affected area following heavy monsoon rains in Kathmandu on September 29, 2024.
Persons: Subaas Shrestha, Sunil Pradhan, Dil Kumar Tamang, Navesh Chitrakar, Ellie Wirth, “ I’ve, , Arun Bhakta Shrestha, Prakash Mathema Organizations: CNN, Nepal's Armed Police Force, Anadolu, Getty Images Nepal Army, Nepal Armed Police Force, Nepal’s Ministry of Home Affairs, Reuters, Nepal Police, Associated Press, International Centre, Integrated Mountain Development, Getty Locations: Nepal, Kathmandu, Lalitpur, Dhading, Bhimeshwor, Dolakha, Pokhara, , Katmandu, AFP, South Asia, Asia
A poll released last week from AAPI Data, a data analytics firm that focuses on Asian Americans, found that 66% of Asian American voters plan to support Harris and 28% intend to back Trump. The same survey found that 62% of Asian American voters say they have a favorable opinion of Harris, compared with 35% who hold an unfavorable view. Republican officials declined to elaborate on efforts to win over Asian American voters. The Harris campaign has three full-time staffers at the national headquarters dedicated to engaging Asian American voters, a spokeswoman said, with additional staff being deployed to Georgia and other battleground states. As she presided over a virtual phone bank from her kitchen one night last week, she said she believed Asian American voters could make the difference in her Southern battleground state.
Persons: Cumming, Kannan Udayarajan, Republican Sen, David Perdue, Donald Trump, mispronounced Kamala Harris ’, , Kamala, , Udayarajan, Harris, Joe Biden, Forsyth, ” Udayarajan, James Woo, Georgia – Biden, Woo, ” Woo, “ It’s, Trump, Trump’s, ” Steven Cheung, Georgia’s, Ashwin Ramaswami, Sen, Shawn Still, Ramaswami, Sonjui Kumar, ” Kumar Organizations: Georgia CNN, Republican, Forsyth County Democratic Party, Trump, , Georgia, Democratic, CNN, American, Advancing Justice, South, , Asian, AAPI, Pew Research Center, Pacific Islander, Republicans, Democratic Party, Forsyth County Democratic Locations: Georgia, Forsyth County, India, Atlanta, Georgia , North Carolina, Pakistan, Bangladesh, Asian America, American, Norcross, Gwinnett County, Georgia’s Forsyth, , “ Forsyth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the Fed is truly data-dependent, it wouldn't have cut interest rate in September: StrategistKomal Sri-kumar of Sri-Kumar Global Strategies says the labor market data and inflation figures suggest the Fed shouldn't have cut the interest rates in the September meeting.
Persons: Komal, kumar Organizations: Sri, Kumar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYale's Natasha Sarin on Trump vs. Harris' tax policies: One is fiscally responsible, the other isn'tRohit Kumar, PWC Washington National Tax Services co-leader, and Natasha Sarin, Yale Law School and Yale School of Management professor, join 'Squawk Box' to discuss the economic agendas of former President Trump and Vice President Harris, comparing both candidates' tax proposals, and more.
Persons: Natasha, Harris, Rohit Kumar, PWC, Natasha Sarin, Trump Organizations: Trump, PWC Washington National Tax Services, Yale Law School, Yale School of Management Locations: PWC Washington
Read previewWhole Foods' CEO has his eye on Gen Z. "Over 70% of Gen Z supports climate-friendly agriculture practices," Buechel told host Brian Sozzi about the survey findings in the interview, released on Tuesday. AdvertisementWhole Foods is not the only retail giant tailoring its offerings to suit Gen Z consumers' needs. According to the research report, 50% of the Gen Z shoppers surveyed wanted a virtual shopping assistant. "It also ties into some of the things that you find in the report which is immediacy, speed, instant gratification, especially with Gen Z, including my own daughters.
Persons: , Jason Buechel, YouGov, Buechel, Brian Sozzi, John Mackey, Fortune, Mackey, Suresh Kumar, Zers, Kumar, Gen Organizations: Service, Yahoo, Business, Foods, Amazon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed's reaction is neutral for rates, positive for equities, strategist saysMohit Kumar, chief economist and strategist for Europe at Jefferies, discusses the Federal Reserve's first rate cut and Chair Jerome Powell's latest messaging.
Persons: Mohit Kumar, Jerome Powell's Organizations: Jefferies, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell was trying to make sure the stock market didn't get disappointed: Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, and Darrell Cronk, CIO of Wells Fargo’s wealth and investment management, join 'Squawk Box' to discuss the Fed's interest rate decision, what was behind Fed Chair Powell's decision to cut by 50 basis points, and more.
Persons: Powell, Komal, Kumar Komal, Kumar, Darrell Cronk, Wells Organizations: Kumar Global
In the U.S. overall this year, a concerning, though not unprecedented, number of dengue, EEE and West Nile cases have been reported. “With climate change, we’re basically extending the mosquito season,” said Chantal Vogels, an assistant professor of epidemiology at the Yale School of Public Health. In the U.S., cases have outpaced those of West Nile virus, which is typically more prevalent. This year, Clark County, Nevada, has seen a particularly high number of West Nile cases: 23. “We consider New York state residents to be at risk for West Nile virus every summer,” she said.
Persons: Jennifer White, it’s, , ” Barbara Ferrer, Anthony Fauci, Chantal Vogels, Nirbhay Kumar, George Washington, , Vogels, Nile, White, Thomas Jaenisch, ” White Organizations: Angeles County Department of Public Health, U.S, National Institute of Allergy, Yale School of Public Health, U.S ., Centers for Disease Control, George Washington University’s Milken Institute School of Public Health, World Health Organization, WHO, Southern, Southern Nevada Health, New York State Department of Health, Colorado School of Public Health, Gulf Locations: New York, U.S, California, Los Angeles County, EEE, West, New Hampshire, Vermont, Arizona , California, Florida, Hawaii, Texas, Puerto Rico, U.S . Virgin Islands, Los Angeles, West Nile, Clark County , Nevada, Southern Nevada, Massachusetts, New Jersey, Rhode Island , Vermont, Wisconsin, Gulf Coast
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven when compared to the impressive and lengthy history of the University of Oxford, this week's gathering at Trinity College is noteworthy. Academics, nerds, and rising starsThe speakers over the two-plus days are roughly half Man employees and half external invitees. The firm balances the external speakers — from finance and other disciplines — with a line-up of Man executives and internal rising stars who are working on something that ties into the overall theme. Oxford offers plenty of advantages for the firm's leadership to get to know the decision makers at these firms.
Persons: , Tom Holland, Steven Desmyter, Milken, Desmyter, there's, Holland, Morgan Stanley, Clare Woodman, John Curtice, Jamie Dimon, Goldman Sachs, Lloyd Blankfein, Mike Lynch, Sumant Wahi, Vinayak Kumar, It's Organizations: Service, University of Oxford, Trinity College, Business, Ashmolean Museum, BBC, Morgan Stanley EMEA, Oxford, Oxford Man Institute, Union House Locations: British, Davos, Hawaii, Sydney, Sicilian, it's, Rhodes House, Trinity, New York, London, Dubai
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMalaysian health care has 'several good things going for it': IHH HealthcarePrem Kumar Nair, group CEO of IHH Healthcare, says the country has a good supply of trained manpower.
Persons: Prem Kumar Nair Organizations: IHH Healthcare
NVDA YTD mountain Nvidia Wall Street is bullish heading into Nvidia's earnings results next week, figuring any hiccups to its next generation AI chips does little to dim the earnings potential of a company that essentially has a monopoly on the market. Economists polled by FactSet anticipate PCE to show increases of 0.2% month on month and 2.6% from the year-earlier period. Wall Street anticipates that stocks could go higher from here, though the road from now to the end of the year could be bumpy. Other notable earnings results include tech names Salesforce and CrowdStrike, as well as consumer names such as Campbell Soup, Dollar General and Ulta Beauty. Earnings: Nvidia , Bath & Body Works , J. M. Smucker , Salesforce , CrowdStrike , NetApp , HP Thursday Aug. 29 8:30 a.m.
Persons: Nvidia's, chipmaker, they've, Harsh Kumar, Piper Sandler, Blackwell, Jensen Huang, Jim Cramer, Kumar, Louis Navellier, Jerome Powell, Jackson, Powell, FactSet, David Miller, Miller, Kamala Harris, Donald Trump, He's, Campbell, Lululemon Organizations: Nvidia, Blackwell, Navellier, Associates, Federal Reserve, PCE, Nasdaq, Dow Jones, U.S, Catalyst Funds, Ulta, Dallas Fed, Richmond Fed, Body, HP, Autodesk, PCE Deflator, Chicago PMI Locations: Russia, Ukraine, Chicago, Michigan
We have to remember, the Fed made one mistake, the transitory" call on inflation, said Quincy Krosby, chief global strategist at LPL Financial. Specifically, the Fed is faced with how quickly and aggressively it should respond now that the inflation rate is waning . "Jay Powell says they don't want to be data point dependent, and I think that makes sense. I don't think you have signs of weakness in the economy. You don't have signs of inflation being controlled, and you don't have any signal for the Fed to switch focus."
Persons: Jerome Powell's, Jackson, Quincy Krosby, Krosby, Richard Clarida, nonfarm payrolls, Powell, Jay Powell, Clarida, we'll, Komal, Kumar, He's Organizations: Federal Reserve, Fed, LPL, CNBC, Sri, Kumar Locations: Jackson Hole , Wyoming
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email‘Absolutely no need’ for the Fed to cut by 50 basis points in September, economist saysMohit Kumar, chief financial economist for Europe at Jefferies, discusses the recent bout of stock market volatility and says there is “absolutely no need” for the Federal Reserve to deliver a 50-basis-point interest rate cut next month.
Persons: Mohit Kumar Organizations: Fed, Jefferies, Federal Reserve
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. As of early May, the company had 503 Macy's stores, including a small number of other concepts outside of malls. There were 352 shopping malls classified as Class A and B at the end of 2016, according to company reports, S&P Capital IQ and Coresight Research. That decline is sharper among Class C and D shopping malls, which fell from 684 malls in 2016 to 287 in 2022, according to the companies' research. At some distressed malls, Macy's may be the last anchor that remains.
Persons: Justin Sullivan, Macy's, Tony Spring, Chris Wimmer, Saul Loeb, Taylor, Anand Kumar, Kumar, Naveen Jaggi Organizations: Fitch, Shoppers, Fashion Centre, Pentagon, Afp, Getty, JCPenney, Coresight, Nordstrom, Belk, Foods, Brookfield Properties Grocery Locations: San Leandro , California, Arlington , Virginia, U.S, JLL, San Francisco
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't think the Fed should move in September, says Komal Sri-KumarKomal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Squawk Box' to discuss the latest market trends, state of th economy, what to make of the recent market sell-off, the Fed's interest rate outlook, and more.
Persons: Komal, Kumar Komal, Kumar Organizations: Kumar Global
JD Vance has repeatedly said that Americans aren’t having enough children. Elon Musk, broadening the complaint, has said that “population collapse due to low birthrates is a much bigger risk to civilization than global warming.”Because population decline is widely seen as a conservative issue, many progressives don’t seem to worry about it. If left unchecked, population decline could worsen many of the problems that progressives care about, including economic inequality and the vulnerability of marginalized social groups. Progressives need to develop their own version of pronatalism. Skepticism about pronatalism is understandable, since the position frequently comes packaged with regressive ideas about race and gender.
Persons: Vance, Elon Musk, don’t, Tucker Carlson Organizations: Progressives
Hong Kong/London CNN —Japanese stocks on Monday suffered their biggest daily loss since 1987 as fears about a US economic slowdown sent shock waves through global markets. The Nikkei 225 index of leading stocks in Tokyo lost a staggering 4,451 points, its biggest point drop in history. On the more common, percentage measure, the index closed more than 12% down — according to Reuters, its largest one-day fall since October 1987. He was referring to “Black Monday” in October 1987, when global markets plunged and the Nikkei lost 3,836 points. The Nikkei closed down 5.8% Friday, as traders fretted about the impact of a stronger yen on Japanese companies.
Persons: ” Neil Newman, , Stephen Innes, Newman, Mohit Kumar, Taiwan’s Taiex, Kospi, Innes, Tom Kloza, Bitcoin Organizations: London CNN, Reuters, Advisory, CNN, Nikkei, Federal Reserve, Bank of Japan, Management, Trading, Nasdaq, Dow, Jefferies, Traders, greenback, PMI, Intel, Brent, Oil Price Information Service Locations: Hong Kong, London, Tokyo, Japan, South Korea, , Asia, Europe, South, Shanghai, China, United States
Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.
Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra
Cognizant CEO Ravi Kumar on Q2 earnings beat
  + stars: | 2024-08-01 | 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 EmailCognizant CEO Ravi Kumar on Q2 earnings beatCognizant CEO Ravi Kumar joins 'Money Movers' to discuss their latest earning reports, AI projects running in the company, and more.
Persons: Ravi Kumar
On a sweltering morning at a truck yard in the northern Indian state of Haryana, he climbed into the cab of his 10-wheel tractor-trailer, started the engine and rumbled slowly onto the highway. Mr. Khan, 49, is a driver for Chetak Logistics, a major Indian trucking company. He stopped every couple of hours at roadside tea stands and restaurants, devouring snacks and chatting with other truck drivers. “I drive in a very leisurely manner,” Mr. Khan said. What’s the hurry?”For those who earn their living navigating the unpredictable highways of India, Mr. Khan was voicing an unimpeachably sensible mantra.
Persons: Ragib Khan, Khan, Mr, Organizations: Chetak Logistics Locations: Haryana, Indian, Bengaluru, India
With billions at stake, that's pretty much been a guarantee facing the current market leaders, Eli Lilly and Novo Nordisk , from the start. Their updates are likely to be joined by others in the coming months even as today's incumbents develop their own next-generation weight loss treatments. Other analysts have also grown more optimistic about the future of weight loss treatments. Orforglipron, a once-a-day oral GLP-1 drug that Lilly is working on, had shown a 3% weight loss at 4 weeks. The company is also exploring whether the weight loss treatment could be given only once a month.
Persons: Eli Lilly, drugmakers Roche, Lilly, Denmark's, Trung Huynh, Huynh, Rajesh Kumar, Kumar, Novo, Roche, Roche ADRs, Justin Zelin, Zelin, Viking's, HSBC's Kumar, Novo aren't, , Nick Wells Organizations: Novo Nordisk, Viking Therapeutics, UBS, HSBC Global Research, Carmot Therapeutics, Food and Drug Administration, Viking, European Association for, Diabetes, Pfizer, Amgen, Therapeutics Locations: Swiss, Novo, San Antonio, Spain
The investment bank says stocks like Apple are table-pounding buys ahead of quarterly results this week. CNBC Pro combed through Bank of America research to find buy-rated tech stocks with more room to run. Apple Bank of America recently raised its price target on the iPhone maker to $256 from $230. Shopify Time to buy shares of the Canadian provider of websites for businesses, according to Bank of America. Analyst Brad Sills recently upgraded Shopify to buy from neutral as a "more balanced growth & margin profile" take hold.
Persons: Wamsi Mohan, Apple, Mohan, GenAI, Brad Sills, Sills, Shopify, Sachin Salgaonkar, Mark Murphy, Satya Kumar, Samir Organizations: Bank of America, CNBC, Microsoft, Apple, Micron Technology, Sea, Apple Bank of America, Apple Vision, Micron Locations: Bank, Shopify, U.S, Singapore, Southeast Asia, Asia, Brazil, Boston, New York
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