ADP Financial News

Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business.

ALSO READ: RBI Policy: Repo rate cut expectations pushed back to December quarterOn June 3 (Monday), data on the S&P flash US manufacturing PMI for May and ISM manufacturing for May will be released.TBA Auto sales data for May is also due on the same day.On June 4 (Tuesday), factory orders data for April will be declared.June 5 (Wednesday) will see the release of reports on ADP employment for May, ISM services for May, US productivity (final revision) for first quarter, US trade deficit for April, and S&P flash US services PMI for MayOn June 7 (Friday), a report on consumer credit for May and data on US employmenand unemployment for May will be released.Following companies are due to report quarterly earnings in the week ahead— GitLab, Science Applications, CrowdStrike, PVH, Hewlett Packard Enterprise, Bath & Body Works, Lululemon, Dollar Tree, Brown-Forman, Campbell Soup, and Five Below, Samsara, DocuSign, J.M. Smucker, and NIO.US stocks rallied on Friday after a report showed the Federal Reserve’s preferred inflation was flat.ALSO READ: OPEC to extend cuts till 2H; Crude oil seen at $70-$90 in 2024: Kaynat ChainwalaThe Dow Jones Industrial Average rose 574.84 points, or 1.51%, to 38,686.32, the S&P 500 gained 42.03 points, or 0.80%, to 5,277.51 and the Nasdaq Composite lost 2.06 points, or 0.01%, to 16,735.02.The yield on the 10-year Treasury fell to 4.50% from 4.55%.

GMR Airports Infrastructure Ltd, giving a ‘Buy’ rating with a target price of ₹100. The price target suggests a possible increase of 15% from the current levels.Jefferies says that GMR Airports is transitioning from a utility model to a retail consumption focus, poised to benefit from robust air traffic growth, expanded travel retail opportunities, increased aero tariffs, and the potential of unlocking real estate value.Additionally, Jefferies suggests that further valuation increases will be driven by streamlining the group's corporate structure, improving leverage ratios, and the support from Groupe ADP.Also read: Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating“GMR Airport is evolving from utility to a retail consumption play and is slated to benefit from the strong air traffic growth outlook, travel retail opportunity (led by top end consumption), upward reset in Aero tariffs and real estate unlocking opportunity.

Lincoln Tech CEO Scott Shaw explains why more young workers are seeking trade jobs on 'Varney & Co.'

private payrolls increased more than expected in April while data for the prior month was revised higher, a report showed on Wednesday. Private payrolls increased by 192,000 jobs last month after rising by an upwardly revised 208,000 in March, the ADP Employment report showed. Economists polled by Reuters had forecast private employment increasing by 175,000 last month compared to the previously reported 184,000 in March.

ALSO READ: US Fed bets reprice: China, Japan, South Korea and India look attractive On April 30 (Tuesday), reports on employment cost index for first quarter (Q1) and consumer confidence for April will be unveiled. On May 1 (Wednesday), data on ADP employment for April, auto sales for April, and ISM manufacturing for April will be released. On the same day, FOMC (Federal Open Market Committee) interest rate decision will be announced, followed by Fed Chair Jerome Powell’s press conference.

U.S. Bank Wealth Management senior vice president Lisa Erickson looks ahead to this week's retail earnings and Fed Chair Powell's testimony on Capitol Hill.

Investing.com — The Canadian Dollar weakened against its U.S. counterpart today, as oil prices fell and rik sentiment remained uncertain ahead of key data this week.

Investing.com — The U.S. dollar gained in early European trade Friday, on course for its strongest week since July ahead of the release of the widely-watched monthly official jobs report.

Investing.com — European stock markets fell Friday, with investors cautious ahead of the release of key European inflation data and the widely-watched monthly U.S. jobs report. 

yields continued trudging higher Thursday after economic data that suggested the U.S. labor market remains strong. The number of Americans filing initial claims for unemployment benefits, known as jobless claims, fell more than expected to 202,000 last week, lower than consensus estimates of 216,000, according to the Labor Department.

Investing.com — U.S. private employers added far more roles than expected in December, pointing to lingering resilience in the labor market that may impact how Federal Reserve policymakers approach potential interest rate reductions this year.

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

The first week of 2024 will be a big one, with a lot of data that will either justify the market rally and expectations for rate cuts or not.

Whether it’s asking for a raise or switching careers altogether, many Canadians are setting financial goals for the new year. But an increasing number of workers doubt they’ll get paid more in 2024, a new poll has found.

NEW DELHI : GMR group expects the debt cost for its airports to decline, ensuring significant inflow from passive funds, as well as foreign fund managers following the merger of GMR Airports Ltd with group holding company GMR Airports Infrastructure Ltd, Saurabh Chawla, executive director, finance and strategy at GMR Airports Infrastructure, told Mint. The merger is expected to be concluded around March, but the procedures indicate that the company may complete the merger by February, he added. “With the completion of the merger, the market capitalization of the listed entity GMR Airports Infrastructure Ltd will double and that will bring us several benefits.

GMR Airports Infrastructure Ltd witnessed a significant shake-up in its shareholding pattern on Friday. Rajiv Jain-led US-based boutique investment manager, acquired a 4.68% stake (282.8 million shares) in the company for ₹1,671.55 crore via a block deal on the exchange. The average price per share was ₹59.09.

Carson Group chief market strategist Ryan Detrick discusses whether the stock market will see good returns in an election year on Making Money.

Investing.com — Stock futures were largely unmoved on Wednesday night, after major benchmark averages closed with mixed performance with both the S&P 500 and the Dow Jones Industrial Average extending losses for the third consecutive session. By 6:20 pm ET (11:20 pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures moved less than 0.1% apiece. In the after-hours trading, GameStop Corp (NYSE:GME) traded 2% lower after the company reported EPS of $0.00 versus expected losses of $0.08 per share, while revenues came in at $1.08 billion versus $1.18 billion expected.

By Noel Randewich and Amruta Khandekar

Investing.com — The dow closed lower on Wednesday, extending its sluggish start this week even as further signs of slowing job markets boost hopes that sooner rather later rate Federal Reserve cut is on the horizon.