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Hello, this is Priyanka Salve writing from Singapore.Welcome to the latest edition of Inside India. A one-stop destination for stories and developments in the world’s fastest growing large economy.Rising incomes and an expanding population base have made India an important market for consumer-focused global companies. But now celebrity endorsements and wide distribution are no longer enough to attract customers. Viral videos on social media are influencing consumer choices, and brands are responding.Read more!Do you have any thoughts about today’s newsletter? Share them with the team.big storySocial media influencers are driving big changes in India’s packaged food and beverage industry as…
Japanese entertainment giant Sony said Friday it expects full-year profit to rise as revenue from some business units in the fourth quarter offset headwinds from rising memory prices.Here’s a comparison of Sony’s fourth-quarter results and LSEG’s forecasts.Sales: 3.36 trillion yen ($19.4 billion), compared to analyst estimates of 2.896 trillion yen. Operating income: 164 billion yen, compared to analyst forecasts of 278 billion yen.Hardware sales in the fourth quarter fell to 110 billion yen compared to 183 billion yen in the same period last year, but strong results from Sony’s image sensor and music businesses boosted earnings. Total sales of PlayStation…
While most of Iran’s conventional naval warships could be destroyed, analysts say Iran’s true naval power will never be there. The country’s ability to reliably threaten commercial shipping transiting the Strait of Hormuz actually rests on a multilayered array of low-cost, unconventional combat systems: fleets of drones, mines, and small attack craft that are more difficult to detect than traditional naval assets. These small vessels, dubbed the “mosquito fleet” by military analysts, are deployed by the Islamic Revolutionary Guards Corps (IRGC), and importantly, the missiles, guns, and other weapons they can deploy pose a major strategic challenge for the U.S.…
On May 6, 2026, the oil and chemical tanker “Hageman” at the port of Fujairah, as maritime traffic in the Strait of Hormuz is restricted due to the US-Israel Iran conflict in Fujairah, United Arab Emirates. Amr Alfiqi | ReutersOil prices fell slightly on Thursday as the US awaited Iran’s response to its proposal to end the war and reopen the Strait of Hormuz. international benchmark brent Crude oil futures fell about 1% to close at $100.06 per barrel. us west texas intermediate Futures prices fell 0.28% to settle at $94.81 per barrel.Oil prices fell by about 5% in the…
A vehicle passes through a plaza beneath a sign featuring an AI-generated image of the Strait of Hormuz and a portrait of U.S. President Donald Trump on the wall of a state building in downtown Tehran, Iran, on May 3, 2026.Null Photo | Null Photo | Getty ImagesHello, my name is Hui Jie from Singapore. Welcome to another edition of CNBC’s Daily Open.Reports that a peace deal may be reached between Iran and the United States are once again raising investor expectations and pushing up the stock market.But with few details available, the question is whether this moment marks real…
Jakub Porzycki | Null Photo | Getty ImagesU.S. tech stocks are back in fashion after another impressive earnings season, with Morningstar analysis showing the sector is offering investors the best value in years. Market conversations in 2024 and 2025 frequently mentioned concerns that the valuations of the Magnificent Seven would continue to rise, largely due to the hype around artificial intelligence, and that a bubble would emerge at the top of the U.S. stock market.The peak was in October 2025, when the S&P 500 information technology sector’s forward P/E ratio exceeded 30 times, according to FactSet. However, as a result…
Hyattsville, Maryland — In the heart of deep-red Appalachia, Catholic Church officials will soon be holding services in Spanish accents. But Father Evelio Menjivar Ayala seems unfazed by his new job and the politics swirling around it. West Virginia is “almost heaven,” Menjivar told CNN. “But there are many challenges that must be addressed if the Kingdom of God is to be there.” Menjivar, who entered the United States illegally in 1990, has been appointed bishop of the Diocese of Wheeling-Charleston, which covers all of West Virginia, where President Donald Trump won his third consecutive presidential election. His appointment comes…
With less than five weeks until the start of the FIFA World Cup in North America, soccer fans are counting down the days until the squad for the 48 participating nations is announced.Whether they are a supporter of the national team or a neutral football enthusiast, they will be curious to know who will be shortlisted: their favorite players, the world’s biggest stars or surprise additions.Recommended stories list of 4 itemsend of listThe tournament, expanded to 48 teams, will be co-hosted by the United States, Canada and Mexico, and will take on South Africa on June 11 at the Estadio…
mcdonalds The company on Thursday reported quarterly profit and sales that beat analysts’ expectations, with diners spending more at its U.S. restaurants despite what CEO Chris Kempczinski called a “challenging environment.”The company’s stock price initially rose more than 3% in premarket trading, but the stock lost some of its gains after management expressed new concerns about the current consumer environment. Stocks rose slightly in morning trading.”I think it’s probably fair to say… it’s certainly not getting better. It might be getting a little worse,” Kempczinski said on the company’s earnings call. “We’re focused on what we can control, and given…
On Thursday, June 5, 2025, Nintendo’s Switch 2 game console was exhibited at the Bic Camera electronics store in Tokyo. Nintendo fans from Tokyo to Manhattan waited in line for hours to be among the first to get their hands on the Switch 2, supporting the biggest global debut of the gadget since the iPhone’s launch last year. Kiyoshi Ota | Bloomberg | Getty ImagesNintendo The Japanese gaming giant will be raising the retail price of the Switch 2 as it expects sales of its flagship console to decline as it suffers a memory chip shortage. The company announced Friday…