COST Financial News
09.01 / 21:03
09.01 / 19:53
markets
COST
Strategy
Hyundai
Experts
reports
isolate
Cars looking like Dalmatians: Thousands of Americans say their car paint is peeling - even after just 10,000 miles; what's the reason and who is responsible?
Carrie Francom, an individual who is a Hyundai Sonata owner has eventually become emblematic of a widespread issue which is affecting thousands of drivers that is peeling paint on their vehicles, reported Moneywise.
09.01 / 19:53
09.01 / 14:39
markets
COST
UPS
Digital
Strategy
PAM
Beer prices in Telangana based on FY19 cost; Rs 3,900 crore dues remain unpaid to alcoBev sector: BAI
United Breweries suspended supply to Telangana, beer industry body BAI on Thursday said the commercial viability of prices set by the state government has become far too stressed. The prices allowed to supplier companies are actually below the cost of goods supplied as these prices are based on the cost of production in 2018-19, said Brewers Association of India (BAI) DG Vinod Giri.
09.01 / 14:33
markets
COST
Treasury steps in to defend Reeves' borrowing amid gilt market selloff
The Treasury rejected claims that higher debt costs had limited Chancellor Rachel Reeves's headroom for borrowing, calling them «pure speculation». «UK debt is the second lowest in the G7 and only the OBR's forecast can accurately predict how much headroom the government has,» a Treasury spokesperson said, adding that «no one should be under any doubt that meeting the fiscal rules is non-negotiable and the government will have an iron grip on the public finances». The Treasury intervention came after yields on UK 30-Year gilts rose to the highest level since 1998 on Wednesday (8 Janua...
09.01 / 13:55
markets
COST
UPS
economy
rights
The stock market embraced higher yields. Now it fears them.
Subscribe to enjoy similar stories. The 10-year bond yield came within a whisker of its high from last April on Wednesday morning, and stocks, especially smaller stocks, didn’t like it one bit. It is part of a switcheroo by investors over the past month.
09.01 / 12:17
09.01 / 10:13
markets
COST
UPS
Provident
Strategy
PAM
Govt may give Rs 35,000 crore LPG subsidy to IOC, BPCL, HPCL
Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, sources said.
09.01 / 10:13
markets
COST
Target
Airlines
Analysis
Trade
Experts
Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260
InterGlobe Aviation, the parent company of IndiGo, increasing the stock’s target price to Rs 5,260 from the previous target of Rs 5,100, describing the airline as a ‘unique, strong franchise’. Jefferies has mainly focussed on IndiGo’s strong market position and the anticipation of positive developments despite recent challenges.
09.01 / 09:59
markets
COST
Analysis
Research
Cycling
show
performer
Tepid Q3 outlook spells more pain for India Inc. earnings
Subscribe to enjoy similar stories. IT bellwether Tata Consultancy Services Ltd (TCS) is set to begin the third-quarter earnings season. However, Indian companies are bracing for another quarter of muted growth as the December quarter preview by leading brokerages suggests that the earnings slowdown seen in the first half of 2024-25 is far from over.
09.01 / 09:15
COST
UPS
cover
Shop prices fall in December amid late Black Friday discounts
The data, which covered the period between 1 and 7 December 2024, was just above the three-month average rate of -0.8%, while shop price annual growth was at its lowest in over three years, since August 2021. Helen Dickinson, chief executive of the BRC, argued that the significant drop in prices came on the back of heavy discounts during Black Friday last year, «as [retailers] attempted to make up for weaker sales earlier in the year». 'Significant price pressures' ahead as retail faces £7bn of additional costs Non-food remained deflationary at -2.4% last month, lower than the -1.8...
09.01 / 09:05
09.01 / 07:45
COST
UPS
Progressive
economy
Celebrity
information
India should take cues from Piketty on enlarging its tax mop-up
Subscribe to enjoy similar stories. When it comes to budgeting, there are some revenue streams that are linked with broader growth in the economy. These include the goods and services tax (GST), which is a consumption-based tax, corporate tax, which is linked to the profitability of companies, and customs duty, which is driven by imports.
09.01 / 05:45
markets
COST
UPS
Target
President
show
Federal Reserve officials at December meeting expected slower pace of rate cuts ahead
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes
08.01 / 18:59
markets
COST
Digital
CEO
Strategy
PAM
ChatGPT owner OpenAI is losing money like anything and this is its biggest problem
OpenAI is actually facing some significant financial challenges as OpenAI CEO Sam Altman revealed that the company is currently losing money on its $200 per month ChatGPT Pro subscriptions, reported Futurism.
08.01 / 18:55
markets
COST
Digital
Strategy
Experts
PAM
Banks, dealers want RBI to act on the liquidity front
Banks and primary dealers are urging the Reserve Bank of India (RBI) to inject liquidity into the market through foreign exchange swaps or open market operations (OMOs) during its upcoming policy meeting on February 7, as system liquidity has logged a deficit since mid-December.
08.01 / 17:05
08.01 / 16:45
COST
Research
pandemic
students
Universities
Schools
Colleges
Tuition has fallen significantly at many colleges, research indicates
New research indicates students are paying significantly less to attend public universities than they were a decade ago
08.01 / 13:47
COST
UPS
Fallout
reports
'Bad news' for Labour as surging gilt yields puts pressure on government's debt management
According to data from MarketWatch, the UK 30-Year gilt – an indicator for long-term borrowing costs – is up 21.2% since the beginning of the year, standing at 5.34% at the time of reporting. Yesterday (7 January), the yield hit 5.212%, surpassing the levels seen in the fallout of Liz Truss' Mini Budget back in 2023 and set a new record for the millennium. The 10-Year gilt is 20.9% higher since 1 January 2025, reaching 4.78% this morning. Higher yields prompt investors to pour into fixed income funds as UK equities break outflow spell Richard Carter, head of fixed interest at Q...
08.01 / 12:47
markets
COST
Provident
Target
NVIDIA
Healthcare
AMD
AMD invests in drug-discovery company Absci in push to sell AI chips
Subscribe to enjoy similar stories. Advanced Micro Devices is investing $20 million in Absci, a drug-discovery company based in Washington state, in a move aimed at selling its artificial intelligence chips in the healthcare sector. The deal is structured as a private investment in a public equity and includes an equity stake in Absci.
08.01 / 11:09
markets
COST
Digital
Strategy
President
PAM
'Obamacare' hits record enrollment but an uncertain future awaits under Donald Trump
Affordable Care Act, former President Barack Obama's landmark health legislation, as the program awaits an uncertain future under a Republican-controlled White House and Congress.
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