Hello, this is Ganesh Rao, writing from London. This week, I look into how the Israel-Iran conflict was a reminder of India’s vulnerabilities — and the opportunities emerging from the crisis.The Indian Army’s Brahmos missile system takes part Rehearsal in full swing ahead of the Republic Day Parade 2025, at Kartavya Path on January 20, 2025 in New Delhi, India.Raj K Raj | Hindustan Times | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what…
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Here are Thursday’s biggest calls on Wall Street: KeyBanc initiates Cisco as overweight Key said Cisco has a long runway for growth. “We have seen product order growth remain healthy for several quarters in a row, which bodes well for 2026/2027 revenue growth expectations. In addition, we think the subscription/software mix shift makes CSCO appear relatively attractively valued vs. other software and security peers.” Baird initiates Haemonetics as overweight Baird said the plasma collections company is in the midst of a turnaround. “… HAE is poised to remain a beneficiary of an expanding plasma-derived therapeutics market.” UBS reiterates Apple as…
Global payment company PayPal announced on Thursday that it has inked a deal with the Big Ten and Big 12 conferences to allow student-athletes to receive compensation through the fintech company’s platform.The announcement comes just weeks after a court settlement in the House v. NCAA case, which dramatically shifts the college sports landscape by allowing schools to compensate student-athletes for the first time. The settlement allows individual schools to distribute up to $20.5 million to current athletes over the next year, and provides up to $2.8 billion in compensation to former players across the NCAA.The new agreement will allow Big…
Serena Williams, former professional tennis player and Managing Partner of Serena Ventures, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty ImagesTennis legend Serena Williams shared the most important value her parents imparted that fostered her success both as a tennis pro and as a businesswoman.In an interview with CNBC Meets’ Tania Bryer, Williams divulged that one of the values she has sustained through her career is staying humble.”I think the main value that they instilled in me is just humility, and I…
Traders work on the floor at the New York Stock Exchange on June 23, 2025.Brendan McDermid | ReutersAn aggressive trade war, Middle East escalation and AI competitions overseas — None of 2025’s big curveballs managed to spoil the market’s epic comeback from the year’s lows as stocks stand within reach of a new record. Here’s why.The S&P 500 is just 0.85% away from closing at a new record, rebounding from a near 20% sell-off in April. The tech-focused Nasdaq 100 is already one step ahead, hitting an all-time high on Tuesday. The latest leg higher came as investors bet a…
RBC Capital Markets sees a bright outlook ahead for General Mills . The bank upgraded shares of the packaged foods company to an outperform rating from sector perform. Analyst Nik Modi did lower his price target to $63 per share from $67, but that still implies upside of 24%. General Mills on Wednesday reported mixed results for its fiscal fourth quarter, but RBC pointed to General Mills’ forecast for next year as a bright spot for the report. Importantly, this guidance bakes in the level of reinvestment needed to direct the company back towards topline growth, while still giving it…
The time has come to go all in on Tesla , according to Benchmark Equity Research. In a Thursday note, Benchmark analyst Mickey Legg raised his price target for the electric vehicle maker to $475 per share from $350, citing Tesla’s recent robotaxi launch as a catalyst. That forecast implies upside of 45%. Tesla began offering its robotaxi service on Sunday to a select group of early-access individuals in Austin, Texas. “While limited, we believe the controlled rollout demonstrates a controlled and safety-first approach,” Legg wrote. “Winning over regulators and public opinion is paramount and will allow a rapid scale…
British oil giant Shell on Thursday said it has “no intention” of making an offer for its embattled domestic rival BP , further distancing itself from reports of a blockbuster takeover . It comes shortly after the Wall Street Journal reported late Wednesday that Shell was in early-stage talks to acquire BP in a deal valued near $80 billion. Shell swiftly denied talks were taking place and re-emphasized its commitment to focus on capital discipline. A spokesperson at BP declined to comment. BP has been thrust into the spotlight as a prime takeover candidate , following a protracted period of…
Micron Technology easily cleared earnings expectations, signaling the chipmaker’s momentum is unlikely to stop anytime soon. In fiscal third quarter, the semiconductor manufacturer earned an adjusted $1.91 per share on $9.3 billion in revenue. That exceeded the $1.60 cents per share and revenue of $8.87 billion that analysts polled by LSEG had penciled in. The company also guided for revenue in its current period of about $10.7 billion, roughly 38% higher from $7.75 billion a year earlier. Analysts had estimated revenue of $9.9 billion. Shares were up 2% in the premarket following the results. The chipmaker has been on a…
Alibaba-affiliate Ant Group released a new AI-powered healthcare app on June 26, 2025.Ant GroupBEIJING — Alibaba-affiliate Ant Group is doubling down on health care with a new smartphone app, based on artificial intelligence technology that the company says could be rolled out overseas.It’s the latest sign of how China-developed AI is quickly building consumer applications. Ant, operator of the popular Alipay mobile payments app, has focused much of its AI development efforts on health care based on large language models from DeepSeek, Alibaba and Ant.In a telling sign of global aspirations, the new health-care app launched on Thursday has a…
