This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India’s coal dependence — a habit that despite increasing pressure, the country is finding hard to kick.Prakash Singh | Afp | Getty ImagesIndia’s NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country’s renewables expansion plans and a red-hot equities market.The company,…
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Worries about whether artificial intelligence investments will pay off may have rocked markets recently, but Wedbush Securities tech analyst Dan Ives says the tech boom is set to continue. Nvidia shares in particular were hit in recent weeks , before rebounding last week and lifting other tech names as well. Nvidia is set to continue driving tech higher, Ives told CNBC’s ” Street Signs Asia ” on Monday. “Everything we’re seeing from … Nvidia … this party is going to continue … for the next six to eight quarters, because we’re actually seeing demand accelerating,” he said. “I believe this…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailStephen Trent, Citi’s MD on Americas Airlines, compares discount airlines to bigger carriers, and how they’re navigating debt, labor & supply issues. Source link
ATLANTA — The elevator beeped, and the doors opened. We had arrived on the 17th floor.Fluorescent white lights hung from the ceiling of the office space. The sun, peeking in on this scorching summer day, brightened the gray walls. Past the expansive lobby and down a skinny hallway was a room with a cracked door. When the man inside heard the knock, he blurted, “Come on in!”Fran Tarkenton’s glasses pressed up against the tip of his nose. He slouched in a chair, holding an iPad. Spotting me, he placed the tablet on his wooden desk, pulled the black frames off…
Binance CEO Richard Teng speaks in Singapore on Sept. 17, 2024, at an event hosted by the local foreign correspondents association.Bloomberg | Bloomberg | Getty ImagesCryptocurrency exchange Binance has seen a 40% increase this year in institutional and corporate investors joining the platform, CEO Richard Teng told CNBC’s Lin Lin in an interview Wednesday.”Allocation into crypto by institutions is just at the tip of the iceberg. It’s just beginning, because a lot of them are still doing their due diligence,” Teng said on the sidelines of the Token2049 conference in Singapore. He became CEO in November 2023.”So we on our…
Ray Dalio said the 2024 U.S. elections will likely be the most important of his lifetime and he thinks the country needs a “strong leader of the middle.”Speaking to CNBC’s “Squawk Box Asia” on Thursday, the founder of Bridgewater Associates explained that the U.S. should aim to reach “broad-based prosperity” and the presidential election highlights challenges to society’s ability to function smoothly.”As far as the election goes, it’s going to be the most consequential election of my lifetime because we now have irreconcilable differences between the two sides,” he said. “The first question we’ll ask is: will we have an…
A trader works on the trading floor at the New York Stock Exchange following the Federal Reserve rate announcement on Sept. 18, 2024.Andrew Kelly | ReutersU.S. stock futures rose Wednesday night as traders digested the Federal Reserve’s earlier decision to lower interest rates by a half percentage point.Dow Jones Industrial Average futures rose 166 points, or 0.4%. Futures tied to the S&P 500 climbed about 0.6%, while Nasdaq 100 futures added 0.9%.The U.S. central bank slashed its overnight lending rate to a range of 4.75% to 5.00% from 5.25% to 5.5% on Wednesday, which came as a surprise to some…
The miracle of Shohei Ohtani is his extraordinary skill level at everything a baseball player does. Seven seasons into a career like no other, he hasn’t even shown them all.“What he’s doing, he’s a freak of nature,” said Andruw Jones, who finished his standout career a decade ago in Japan. “I saw this kid at 18, 19 years old and I knew what kind of player he was. He didn’t stand out much as a hitter yet, but defensively, as an outfielder, he was very, very good. I would go out after batting practice, when they were taking infield, just…
Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference.Brendan McDermid | ReutersAs the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an “enormous amount of debt.”The central bank’s decision reduces the federal funds rate to a range of 4.75% to 5%. The rate not only determines short-term borrowing costs for banks, but also impacts various consumer products like mortgages, auto loans and credit cards.”The challenge of the Federal Reserve is to keep interest…
Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | Getty ImagesStocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.Here’s what CNBC TV’s producers were watching as the Federal Reserve slashed rates by a half point on Wednesday and what’s on the radar for the next session.Existing home sales due Thursday at 10 a.m. ETStock Chart IconStock chart iconBeazer Homes’ performance in the past monthMorning restaurant reportsCracker…
