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☆ India 'easily' the fastest growing economy, IMF executive director says, as GDP growth blows past estimates
▼ + stars: | 2024-03-01 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

India is 'easily' the fastest growing economy in the world, IMF executive director Krishnamurthy Subramanian said, as the country's third-quarter GDP growth blew past analysts' estimates. At 8.4%, India's economy expanded at its fastest pace in six quarters, data showed late on Thursday, strong private consumption and upbeat manufacturing and construction activity. Reuters estimates had pegged growth in the October to December period at 6.6%. The Indian government also raised its GDP growth outlook for fiscal year 2023-24 to 7.6% from 7.3% forecast earlier. Subramanian said that growth in India's economy was driven by a shift in the government's focus towards higher capital expenditure, which has increased significantly over the last few years.

Persons: Krishnamurthy Subramanian, India's, Subramanian, CNBC's Locations: India

☆ Jim Cramer explains why the market rallied on Thursday
▼ + stars: | 2024-02-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors why he thinks the market was able to rally on Thursday, citing continued momentum in the tech sector and new inflation data suggesting the economy might be amenable to interest rate cuts. The Nasdaq Composite advanced to its first record high since 2021, popping 0.9% as tech and chip stocks saw gains. Salesforce also issued a light forecast on Wednesday night, but the stock managed to recover and finished up about 3% on Thursday, bringing up other tech stocks with it, Cramer said. And a "usually tempered" Citi analyst indicated on Thursday he was bullish on semiconductors, which bodes well for AI stocks, according to Cramer. "Now, there were some laggards today, of course, I get that—there were plenty of safety stocks that weren't so safe," Cramer said.

Persons: CNBC's Jim Cramer, we've, Cramer, Snowflake, Salesforce, Dell, tech's Organizations: Nasdaq, Dow Jones, Citi, Dell

☆ Stock futures are little changed Tuesday night as investors await fresh inflation data: Live updates
▼ + stars: | 2024-02-27 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Futures tied to the Dow Jones Industrial Average slipped 41 points, or 0.1%. S&P 500 futures pulled back 0.04%, while Nasdaq 100 futures slid 0.08%. In Tuesday's regular session, the S&P 500 and the Nasdaq Composite ended the day with small gains, up 0.17% and 0.37%, respectively. The S&P 500 and the Dow are off the highs they just notched late last week, but investors may want to think twice before they aggressively ramp up on equities. On Wednesday, investors will look to earnings results from retailer The TJX Cos. and pharmaceutical name Viatris in the morning.

Persons: Dow, Drew Pettit, hasn't, Cos, Salesforce Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, eBay, Urban Outfitters, Citi

☆ Cramer says the price target bump for this stock ahead of its earnings is a 'red flag'
▼ + stars: | 2024-02-27 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. But Jim Cramer said the biggest theme in the market right now is cybersecurity. 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. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Jim, Eli Lilly, Jim assuaged, it's, Wells Fargo, Jim Cramer's Organizations: CNBC, Palo Alto Networks, Viking Therapeutics

☆ Broadcom makes a wise sale of its remote access unit. Here's what it can do with the $4 billion
▼ + stars: | 2024-02-26 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Broadcom shares jumped nearly back to last week's all-time high after the company agreed to sell its remote computer access unit to KKR for $4 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Dow, Nikesh Arora's, We're bullish, Jim Cramer's, Jim Organizations: CNBC, TJX, Palo, Networks, Management, The, Broadcom, KKR, VMware, We're Locations: New York City, billings

☆ Gold off two-week highs as U.S. dollar ticks higher
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched lower on Monday pressured by a gaining U.S. dollar, but bullion's losses were cushioned as growing tensions in the Middle East supported the safe-haven near last session's over two-week highs. Gold prices inched lower on Monday pressured by a gaining U.S. dollar, but bullion's losses were cushioned as growing tensions in the Middle East supported the safe-haven near last session's over two-week highs. "Gold has exhibited some mild easing to kick-off the new week mostly due to the dollar ticking higher. Last week, Fed Governor Christopher Waller said he was in "no rush" to cut rates, firming investor bets against U.S. interest rate cuts before June. Markets are currently pricing in a 68% chance of a Fed rate cut in June, according to the CME Fed Watch Tool.

Persons: Tim Waterer, Waterer, Christopher Waller, Silver Organizations: U.S, East, KCM, CME Locations: U.S

☆ The 'best' investment right now: Fund manager picks stocks with almost 15% total returns
▼ + stars: | 2024-02-26 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Shares of oil giants and European infrastructure companies can act as a hedge against inflation while also delivering strong annual growth, according to fund manager Freddie Lait. Lait manages two funds — the Latitude Horizon Fund and the Latitude Global Fund — with more than $750 million of assets collectively and holds all three stocks in both funds. BP SHEL 1Y line The fund manager explained that with oil currently around $85 per barrel, and his assumption of $70-75 long-term, his oil and gas stock picks can generate nearly double-digit annual returns for shareholders. 'Phenomenally interesting' stock Beyond energy names, Lait said his favorite inflation-linked stock is Vinci which he described as "phenomenally interesting." The company operates a mix of toll roads and civil engineering projects with long-term inflation adjustment mechanisms.

Persons: Freddie Lait, Lait, Vinci, Goldman Sachs Organizations: Latitude Investment Management, Shell, CNBC Pro, International Energy Agency, London Gatwick, Atlantic City International, Vinci Locations: Saudi Arabia's, Aramco, Burbank, United States

☆ S&P 500 futures are little changed after index slips from record: Live updates
▼ + stars: | 2024-02-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures are near flat Monday night as the market rally took a breather. Futures tied to the broad index and Nasdaq 100 futures both traded near flat. Those moves follow a losing day on Wall Street that pulled the Dow and S&P 500 off record highs seen last week. The Dow and S&P 500 slipped 0.16% and 0.38%, respectively, while the technology-heavy Nasdaq Composite inched lower by 0.13%. "You're digesting so much of what happened last week with big earnings, and then you have big data on the horizon."

Persons: Ross Mayfield, Baird, They'll, Mayfield Organizations: New York Stock Exchange, Dow Jones, Unity Software, Dow, Walgreens Boots Alliance, Virgin Galactic, PCE Locations: New York City, U.S, PCE

☆ Wall Street will try to maintain AI-fueled momentum in the final week of February, as inflation concerns linger
▼ + stars: | 2024-02-23 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

In the final week of February, Wall Street will strive to maintain its AI-fueled rally even as economic concerns linger and the Federal Reserve's favorite inflation measure is on deck. But many worry the writing is on the wall for these market leaders as economic and inflation risks linger. The 'lone cloud' of inflation The Fed's preferred inflation gauge will also be released in the week ahead. Investors are concerned that sticky inflation will mean that the Fed will hold onto its higher-for-longer interest rate policy. Next week will also be the final week of February, with stocks headed for another strong month of gains.

Persons: Goldman Sachs, Patrick McDonough, Europe's, PGIM's McDonough, McDonough, Charlie Ashley, Dhaval Joshi, Joshi, Ashley, John Williams, TJX Cos Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Japan's Nikkei, Catalyst Funds, BCA Research, CPI, PPI, Dow, New, Dallas Fed, Fidelity National Information Services, Richmond Fed, eBay, Enterprise, Cruise Line Holdings, New York Federal Reserve Bank, York, Monster Beverage, Paramount Global, PCE Deflator, Chicago PMI, . Kansas City Fed Manufacturing, Hewlett Packard Enterprise, Autodesk, Body, Hormel, PMI, Manufacturing Locations: U.S, Lowe's, Chicago, . Kansas, Michigan

☆ DuPont is turning, plus the Nvidia halo and how to play Palo Alto's sell-off
▼ + stars: | 2024-02-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

In the Nvidia halo, Jim Cramer likes ServiceNow , and of the semiconductor capital equipment makers he says Lam Research is the best. Looking to pick up PANW: Jim Cramer says the Palo Alto Networks sell-off is still overdone by about 25 points. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eaton, ServiceNow, Lam, Ed Breen's, Cramer, Breen, Jim Cramer's, Jim, David Paul Morris Organizations: CNBC, Nvidia, Nasdaq, Broadcom, Microsoft, Lam Research, Palo Alto Networks, DuPont, Barclays Industrials, Coterra Energy, Intuit, Warner Bros Discovery, Jim Cramer's Charitable, Bloomberg, Getty Locations: We're, DuPont, Santa Clara , California

☆ The Kremlin has never been richer – thanks to a US strategic partner
▼ + stars: | 2024-02-19 | by ( Nick Paton Walsh | Florence Davey-Attlee | ) edition.cnn.com time to read: +9 min

It amounts to US strategic partner New Delhi stepping in to replace crude purchases by Western buyers, reduced by sanctions over Russia’s invasion of Ukraine, the analysis said. The United States led a coalition of countries in late 2022 that agreed to a “price cap,” undertaking not to buy Russian crude above $60 a barrel. Those nations also forbade their shipping companies and insurance firms – key players in global shipping – from facilitating the trade of Russian crude above that price. “The price cap was the real trigger for the creation of the shadow fleet,” said Viktor Katona, head of crude oil analysis at trade research firm Kpler. It will be $150.”India’s complex role in global oil trade is also reflected in the fate of the oil products Russian crude is turned into.

Persons: they’re, ”, David Tannenbaum, Viktor Katona, Tannenbaum, ” Ami Daniel, Vladimir Putin, Howard Shatz, Singh Puri, Rosneft, Daniel, I’m Organizations: CNN, Centre for Research, Energy, Clean, Star, Pole Star, US Treasury, United, Pole Star Global, European Union, RAND, India’s, Petroleum, Natural Gas, CNBC, Nayara, Kremlin Locations: Russia, Ukraine, India, United States, Delhi, Moscow, Laconian Gulf, Greece, Suez, Russian, Kyiv, Vadinar

☆ 4 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-02-17 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

A hotter-than-expected consumer price index on Tuesday sent stocks reeling, with the Dow posting its biggest drop in a year. Stocks bounced back over the next two days, helped by a softer retail sales report , only to slump again on Friday's hot producer price index for January. As we said this week, we're not overly concerned with the hotter-than-expected inflationary readings. Earnings season picks back up for the Club next week, with four holdings set to report quarterly results. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Wall, Stocks, we're, Palo, Fortinet, BCH's Bausch, Management doesn't, Dana, Bausch, Dr Pepper, Diana Shipping, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Walid Berrazeg Organizations: Dow Jones Industrial, Nasdaq, Dow, Federal Reserve, Club, Palo Alto, Palo, billings, Nvidia, Amazon, Microsoft, Bausch Health, Coterra Energy, Management, NYSE, Walmart, Axsome Therapeutics, Barclays Bank, Armstrong World Industries, Ceragon Networks, Tri Pointe Homes, Dana Incorporated, DigitalBridge, Oil States International, Systems, Allegion, CenterPoint Energy, Equitrans Midstream Corporation, Expeditors International of Washington, Alto Networks, SolarEdge Technologies, Enovix Corporation, Caesars Entertainment, Diamondback Energy, Toll, Ternium S.A, Celanese Corp, Chesapeake Energy, CVR Energy, Reserve, Vertiv Holdings Co, Properties Trust, Devices, HSBC Holdings plc, HSBC, Lomb, Sinclair Corporation, Pagaya Technologies, Gibraltar Industries, Garmin, NVIDIA, Rivian Automotive, Sunnova Energy International, Bros, Apache, Oil, Suncor Energy, Co, FNF, Sciences, Coeur D'Alene Mines, Trip.com, Joby Aviation, Resources, Alamos, Jackson, Nutrien, NTR, Pan, Sm Energy Company, Health, Newmont, Nikola Corporation, Cheniere Energy, Fiverr, Natural Resources, Point Credit, Lantheus Holdings, Builders, Grab Holdings, NICE, Dominion Energy, Harmony Biosciences Holdings, Teck Resources Limited, Intellia Therapeutics, Energy, Booking Holdings, Intuit, Semiconductor, Nation Entertainment, Vale S.A, Rocket Companies, Warner Bros ., AerCap Holdings, Natural Holdings, Calumet Specialty Products Partners, Frontier Communications, Jim Cramer's Charitable, CNBC, Lightrocket, Getty Locations: billings, Palo Alto, China, Xifaxan, Tri Pointe, Avista, Gibraltar, Coeur D'Alene, Pan American, Teck, Vale

☆ Malaysia's economy finishes 2023 on softer footing amid weak global demand
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: +1 min

The headquarters of Bank Negara Malaysia, the nation's central bank, stand in Kuala Lumpur, Malaysia, on Thursday, March 4, 2010. Bank Negara Malaysia (BNM) said the 3% year-on-year growth in gross domestic product during the October-December period was driven by improving labor market conditions and easing cost pressures. "Growth in 2024 will be driven by resilient domestic expenditure and improvement in external demand," the central bank said in a statement. The fourth quarter reading was below advanced estimates released on Jan. 19 by the Statistics Department and analysts' forecast in a Reuters poll of a 3.4% expansion. On a quarter-on-quarter seasonally-adjusted basis, Malaysia's economy contracted 2.1%, compared to a 2.6% rise in the third quarter.

Organizations: Bank Negara Malaysia, Statistics Department Locations: Bank, Kuala Lumpur, Malaysia

The chipmaker was initiated with an outperform rating by Loop Capital, which set a Wall Street-high price target that calls for 65% upside. He also raised his price target on U.S.-traded shares to $22.22 from $19.16, implying shares could rise 27% from Thursday's close. It also cut its price target by $1.50 to $8.50, suggesting just 6.2% upside potential from Thursday's closing price. — Hakyung Kim 5:41 a.m.: Oppenheimer downgrades Nike Don't expect much out of Nike shares in the near future, according to Oppenheimer. The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.

Persons: Oppenheimer, Carvana, Raymond James Carvana's, Raymond James, Mitch Ingles, Ingles, — Hakyung Kim, Jefferies, Alex Wright, Wright, Peter Grom, Chris Peterson's, Grom, Newell, Brian Nagel, Fred Imbert, Ananda Baruah, Hakyung Kim Organizations: CNBC, Nvidia, Nike, Loop, Jefferies, UBS, Newell Brands Consumer, Newell Brands, Nvidia Nvidia, CY2025 Locations: Thursday's, America, CY2024

☆ REDs: These young athletes were bound for stardom until a mysterious condition derailed their running careers
▼ + stars: | 2024-02-15 | by ( Issy Ronald | ) edition.cnn.com time to read: +14 min

CNN —They were two exceptionally promising athletes, seemingly bound for track and field stardom, when their careers were derailed by a condition that doctors and researchers say they are only now beginning to understand. ‘Instituional buy-in’REDs’ symptoms can affect anyone, particularly athletes training in a culture that celebrates overtraining and undereating – or that has an unhealthy relationship with weight. Eventually, her blog morphed into Project RED-S – a site filled with resources for athletes, coaches and supporters. Access to “dietician input … and appropriate psychological support if it’s needed,” can also help prevent and treat REDs, Dr. Jawad says. Woolven’s Project RED-S aims to provide that support she lacked and initiatives like this allow Cain to envision a future that “looks really bright.”“I’m hopeful,” Cain says.

Persons: CNN —, Mary Cain, Pippa Woolven, Martin Rickett, ” Dr, Farrah Jawad, wouldn’t, Dr, Kathryn Ackerman, Cain, Woolven, you’re, ”, “, Eric Draper, marathoner Alberto Salazar, “ It’s, you’re undereating, Salazar, Women’s, ” Salazar, Jessica Rinaldi, ” Cain’s, Dave Thompson, ” accidently, ‘ Instituional, Ackerman, ‘, Nobody, Jawad, Matt Dunham, “ it’s, ” Cain Organizations: CNN, Championships, Florida State University, REDs, British Universities, Colleges Sports, Pure Sports, CNN Sport, IOC, Harvard Medical School, Sports Medicine Division, Boston Children’s Hospital, Nike Oregon Project, Reuters, The New York Times, Nike, Oregonian, Oregon Project, Sports, Doping Agency, New York Times, Florida State, ’ REDs, Health, New, National Trust, Atalanta NYC Locations: London, British, Tallahassee, “, America, ”

☆ 3 calorie-tracking mistakes that might be sabotaging your weight loss goals, according to a nutritionist
▼ + stars: | 2024-02-13 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

Read previewWhile you don’t need to count calories to lose fat — and it’s not for everyone — calories always count. Weight loss occurs in a calorie deficit, when a person burns more calories than they consume. Registered nutritionist Angela Clucas told Business Insider three common mistakes to avoid when tracking calories, to help you hit your goals. Rather than exercising to burn calories , exercise to build strength, maintain muscle (which aids fat loss), and improve your health and mood, Clucas said. This is problematic because a) you can’t do anything about the food you’ve already consumed, and b) you’ll likely forget some things.

Persons: —, it’s, Angela Clucas, “ I'd, ” Clucas, Clucas, they’re, you’ve Organizations: Service, Business, NEAT

☆ Opinion: How serious is Trump about pulling out of NATO? Very
▼ + stars: | 2024-02-13 | by ( Peter Bergen | ) edition.cnn.com time to read: +6 min

The idea that foreign countries are freeloading off the United States plays well with his base, but Trump either doesn’t understand how NATO works or chooses not to. Meanwhile, in 2014, all NATO countries agreed to spend at least 2% of their GDP on defense by this year. Every US president since Barack Obama has pressed NATO countries to reach that expenditure level, but at the time of the agreement, only three NATO countries — the US, United Kingdom and Greece — were doing so. In 2017, NATO European countries and Canada spent around $270 billion on their defense, while the United States spent around $626 billion. No matter how wrong-headed it might be, according to his close advisers Trump seems quite serious about getting out of NATO.

Persons: Peter Bergen, ”, Donald Trump’s, James Mattis, Trump, “, ” Trump, Barack Obama, Greece —, Vladimir Putin, Olaf Scholz, Monday, Putin, United States isn’t “, Angela Merkel, Merkel, John Bolton Organizations: New, Arizona State University, Apple, Spotify, Trump Administration, CNN, NATO, Trump, New York Times, United, Canada Locations: New America, Russia, United States, United Kingdom, Greece, Trump , Russian, Ukraine, Estonia, Lithuania, Romania, Germany, Canada, Japan, Saudi Arabia, New Hampshire, Germans, Washington, New York City, Afghanistan, France

☆ Russia’s economy ‘in for very tough times’ despite improved growth outlook, IMF managing director says
▼ + stars: | 2024-02-12 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. DUBAI, United Arab Emirates — The head of the International Monetary Fund warned the Russian economy is still facing significant head winds despite receiving a recent growth upgrade by the Washington-based institution. Russia's economy has proven to be surprisingly resilient amid waves of Western sanctions in the nearly two years since it launched its full-scale invasion of Ukraine. Despite this, IMF Managing Director Kristalina Georgieva sees more trouble ahead for the country of roughly 145 million. "What it tells us is that this is a war economy in which the state — which let's remember, had a very sizeable buffer, built over many years of fiscal discipline — is investing in this war economy.

Persons: Kristalina Georgieva, CNBC's Dan Murphy, Georgieva, Vladimir Putin Organizations: International Monetary Fund, IMF, United Arab Emirates, World Governments, Defense, Reuters Locations: DUBAI, United Arab, Russian, Washington, Ukraine, Dubai, Russia, Soviet Union

☆ 5 things next week that could determine if Wall Street's winning streak continues
▼ + stars: | 2024-02-10 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Wall Street wrapped up another positive week, with the S & P 500 closing Friday above 5,000 for the first time ever. It was a pretty light week in terms of economic data releases, though we did get a favorable ISM Services number on Monday. Things will pick up next week with several closely watched macroeconomic updates, including two key government inflation reports. While no Club earnings are scheduled to report earnings in the week ahead, 61 companies in the S & P 500 will deliver their latest quarterly results. Consumer inflation: The main event of the week will come on Tuesday when the January consumer price index (CPI) is released.

Persons: Estee Lauder, Eli Lilly, Price, Bausch, Trimble, Krispy Kreme, Topgolf, Kraft Heinz, Martin Marietta, Owens Corning, WEN, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Club, GE Healthcare, DuPont, Linde, Ford, Disney, Wynn Resorts, CPI, PPI, Palo Alto Networks, Nvidia, Bausch Health, Arista Networks, WM, Cadence Design Systems, ZoomInfo Technologies, Avis Budget, Brighthouse, Goodyear Tire &, Vornado Realty, Marriott International, Hasbro, Restaurant Brands, Molson Coors Beverage, Holdings, MGM Resorts, MGM, Akamai Technologies, American International Group, AIG, Topgolf Callaway Brands, CME Group, Sony, SONY, Blackstone Mortgage Trust, Martin Marietta Materials, Ryder, Occidental Petroleum, Cisco Systems, Deere, Penn Entertainment, Southern Company, Coinbase, Trade, Materials, Rand, Texas, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Albemarle, ALB, Ingersoll, New York City

☆ Stripe rival Adyen's shares soar 22% as European payments giant posts profit beat, slows hiring
▼ + stars: | 2024-02-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Shares of European online payments giant Adyen jumped on Thursday, after the company reported strong sales growth and better-than-expected profit for 2023. Here's how the company did in its full-year results:Net revenue: 1.626 billion euros ($1.75 billion), up 22% year-on-year. That's broadly in line with expectations of 1.636 billion euros, according to LSEG, formerly RefinitivEBITDA (earnings before interest, tax, depreciation, and amortization): 743.0 million euros, up 2% year-on-year. The company also said it "significantly expanded" its partnership with a single, unnamed existing digital customer, which contributed to better sales growth overall. The move intended to address investor concerns that the company was spending too aggressively on hiring while peers were cutting back on their capital expenditure.

Persons: Adyen, Jefferies Organizations: PayPal, Analysts, Spotify Locations: Amsterdam, Klarna

☆ Analysis-Russia's GDP Boost on Military Spending Belies Wider Economic Woes
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +5 min

Other economists say Russia is pumping the economy with one-time, unproductive investments that yield limited future benefit. 'NOT ALL GROWTH IS GOOD'The International Monetary Fund expects Russia's economy to grow faster than all G7 economies this year but less than emerging European economies. Military expenditure has supported economic growth of countries at war throughout history. According to Rosstat, Russia's labour productivity index, one of Putin's key national development goals, fell 3.6% year-on-year in 2022, its steepest annual fall since the aftermath of the global financial crisis in 2009. "I don't see current economic growth as lasting or qualitative," said Nadorshin.

Persons: Darya Korsunskaya, Alexander Marrow, Vladimir Putin, Sergei Khestanov, Alexandra Suslina, CAMAC, Rosstat, Anton Kotyakov, Yevgeny Nadorshin, Central Bank Governor Elvira Nabiullina, Darya, Gareth Jones Organizations: Statistics, Reuters, Soviet Union, International Monetary Fund, IMF, Labour, PF, Central Bank Governor Locations: Russia, Ukraine

☆ Russians are freezing as Soviet-era infrastructure in the country crumbles —and Moscow keeps spending on war
▼ + stars: | 2024-02-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Heating systems are breaking down in Russia's harsh winter, leaving many people freezing. Much of Russia's Soviet-era infrastructure needs modernizing. AdvertisementHeating systems are breaking down in Russia's harsh winter, leaving many people freezing as Moscow continues to spend on its war in Ukraine. The brutal conditions are made worse because Russia's infrastructure is poorly maintained, with many of its facilitates dating from the Soviet era, according to media reports. About 40% of the communal heating grid in the country needs to be replaced urgently, she added.

Persons: —, Svetlana Razvorotneva, Vladimir Putin, Denis Volkov, ” Organizations: Service, Financial Times, Reuters, “, Levada Center Locations: Russia, Moscow, Ukraine, Siberia, Soviet, St . Petersburg, The, Russian, Nizhny Novgorod

☆ Russia may have to raise taxes to meet the spiraling cost of invading Ukraine: UK intel
▼ + stars: | 2024-02-05 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

The Kremlin has plans to hike Russia's spending by 26% in 2024, per the UK's Ministry of Defence. Russia's National Wealth Fund is "increasingly being used to fund its invasion of Ukraine," it said. AdvertisementThe Kremlin will likely need to impose austerity measures to resolve Russia's budget deficit amid the growing cost of its invasion of Ukraine, according to UK intelligence. Advertisement"It is likely that the government will need to reduce its contributions to the National Wealth Fund and increase domestic taxes and debt to fund its planned expenditure," the UK MOD said. Such policies will have negative medium-to-long-term impacts, the UK MOD said on Monday.

Persons: —, Alexandra Prokopenko, who's Organizations: Ministry of Defence, MOD, Wealth, Service, UK Ministry of Defence, National Wealth Fund, Carnegie Russia Eurasia Center, Center of Eastern European, International Studies, Foreign, Reuters, Bloomberg, International Monetary Fund, IMF Locations: Ukraine, Russia, Soviet Union, Russian

Bill Lee on Monday stood before the GOP-dominant Legislature with a much more ambitious pitch: Make school vouchers universal throughout the state. Photos You Should See View All 45 ImagesThe governor floated his school voucher proposal during his annual State of the State address. Yet Lee's school vouchers push has quickly attracted the most attention. Under Lee's ambitious expansion plan, the state would create a new tier of school vouchers called “education freedom” scholarships. The first year of the program would cost $144 million to offer 20,000 scholarships to Tennessee families.

Persons: Bill Lee, Lee, Lee's, ” Lee, it's Organizations: Tennessee Gov, Monday, GOP, Democratic Locations: Tenn, It's, Tennessee, Tennessee's, Davidson, Shelby, Nashville, Memphis, Hamilton County, Chattanooga

☆ India's finance minister touts unlikely export growth in a world of uncertainty
▼ + stars: | 2024-02-02 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

Finance Minister Nirmala Sitharaman addresses the media after the interim budget on February 1, 2024 in New Delhi, India. So a lot of new people are accessing India," Sitharaman said, while touting that India was able to showcase its digital public infrastructure at the G20 summit it hosted in New Delhi last year. Sitharaman, when asked about what economic issues will define the vote, said "if economic issues are to dominate the election, it would be the recipients of the beneficiaries themselves coming out to say, 'I'm empowered now'." "If anything, for us it will be performance on the economic issues, good performance, inclusive growth that we've offered." The interim budget is typically a stop-gap financial plan during an election year, aimed at meeting immediate financial needs before a new government is formed.

Persons: Nirmala Sitharaman, Sitharaman, CNBC's, CNBC's Sri Jegarajah, Narendra Modi's, Pranjul Bhandari, Bhandari, Anantha Nageswaran Organizations: Hindustan Times, Getty, India's, CNBC's Sri, Mar, CNBC, India's Finance Locations: New Delhi, India, Europe, America, Brazil, Africa, Indonesia

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