Modi’s economic agenda could be disrupted after smaller-than-expected mandate in India election
CNBC’s Sri Jegarajah reports on the reaction to India’s election results, which saw Prime Minister Narendra Modi win a third term in office, but with a smaller-than-expected mandate, forcing him to rely on his coalition partners going forward.
Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.
Diamond industry ‘in trouble’ as lab-grown gemstones tank prices further
“A diamond is forever,” but perhaps not for the increasing number of consumers who are spurning the gemstone for its lab-grown counterparts and gold.
CNBC Daily Open: Roaring Kitty’s wealth, Modi’s victory
India’s Prime Minister Narendra Modi declared victory late on Tuesday, but in a shock loss, his party fell short of an outright majority.
S&P 500 closes at a record, powered by Nvidia’s rise and rate cut hopes: Live updates
Wednesday’s ADP report showed private hiring slowed in May, adding to investor hopes that a weakening labor market could spur rate cuts from the central bank.
The best banks in the Asia-Pacific region, according to customers
The report is the first of its kind between CNBC and market research firm Statista, which surveyed 22,000 individuals with a checking or savings account in 14 major economies.
The super-rich are moving cash to one city, wealth manager says, revealing how they’re investing
Wealth manager Dhruba Jyoti Sengupta says the world’s super-rich are moving their wealth from emerging markets to one city in particular.
Will the AI spending boom pay off? One tech fund manager says it looks ‘compelling’ for some firms
“This arms race to build out AI infrastructure is really underway,” Clare Pleydell-Bouverie, portfolio manager at Liontrust Asset Management, told CNBC Pro Talks.
‘You name it, Labour will tax it’: UK PM Sunak attacks main rival as he languishes in election polls
Taxes emerged as a key battleground in the first live televised debate of the U.K. election race, as party leaders addressed public concern over the cost-of-living crisis.
‘You name it, Labour will tax it’: UK PM Sunak attacks main rival as he languishes in election polls
Taxes emerged as a key battleground in the first live televised debate of the U.K. election race, as party leaders addressed public concern over the cost-of-living crisis.
