COST Financial News

Subscribe to enjoy similar stories. Boeing’s new chief executive Kelly Ortberg has many active fronts in his battle to “reset" the company, including addressing labor strikes, re-establishing a culture of accountability, fixing ongoing problems at the defense division and figuring out how to build innovative plane models again. Now he also has to seriously worry about the company’s deteriorating balance sheet.

Subscribe to enjoy similar stories. India's largest household goods company Hindustan Unilever Ltd’s (HUL) struggle with muted volume growth is turning into a persistent concern. In the September quarter (Q2FY25), underlying volume growth stood at 3%, missing analysts' expectation of 5%—hinting that India’s much-touted consumption story may be losing momentum.

Subscribe to enjoy similar stories. Elon Musk says Tesla will produce millions of robots and self-driving cars in the future that will propel the company’s market capitalization to stratospheric levels. How he will fund that future is coming under sharper scrutiny.

Deep Blue Aerospace, will begin selling tickets on Thursday for a commercial spaceflight scheduled for 2027. The tickets will be available during a livestream shopping event hosted by the company's founder, Huo Liang. Each ticket costs 1.5 million yuan (approximately $211,000) and offers passengers a chance to experience five minutes of zero gravity. Customers can secure their tickets by paying a 50,000 yuan deposit. Deep Blue Aerospace aims to lead China's growing commercial space industry, which Beijing hopes will compete with international rivals like SpaceX. In 2023, China conducted 26 commercial launches, including the successful launch of LandSpace's Zhuque-2 rocket, the first methane-fueled rocket in the world. Deep Blue Aerospace is focused on developing reusable rocket technology to lower costs. The planned mission in 2027 will be a suborbital flight, meaning passengers will reach space without entering orbit. The entire space experience is expected to last around 12 minutes.

Pen drives are the best to carry your data alongAlso read: Amazon Great Indian Festival Diwali Sale: Grab more than 80% off on tablets and accessories from Apple, Samsung and moreSolid State Drives (SSDs) have revolutionized data storage with their speed, reliability, and efficiency. Unlike traditional hard drives, SSDs use flash memory, which significantly reduces loading times for files, software, and operating systems.

ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter. Revenue from operations increased 4% YoY to Rs 4,614 crore.

At the COP28 climate talks in Dubai last year, leaders from more than 130 nations agreed to triple renewable power capacity by the end of the decade. It was one of the few tangible agreements at the annual meeting and a goal that’s crucial to cut dependence on fossil fuels that cause climate change. While the target remains achievable, current rates of clean power deployment aren’t sufficient and the rollout of wind turbines is lagging, according to the International Renewable Energy Agency.

HSBC is cutting at least $300m of costs underGeorges Elhedery, its new CEO.  Today's restructuring of the executive committee, which has resulted in the elevation of US banker Michael Roberts as head of corporate and institutional banking, to the detriment of London-based Greg Guyett, suggests how Elhedery plans to achieve this.

If you're hanging out, wondering where the growth in investment banking industry revenues went and waiting for it to come back, you might not want to look too long at the new report from consulting firm BCG. 

Millions of Americans can’t afford to buy a home or rent a suitable apartment, making housing a central issue for voters in the upcoming presidential election

Subscribe to enjoy similar stories. Mumbai: Prices of steel rebars, a key component for construction, have seen a rise in recent months and can see upward movement in the coming weeks as building activity picks post monsoon, experts said, raising margin concerns for real estate and infrastructure firms. The price increases are partly due to a supply shortage amid a production slump at state-owned Rashtriya Ispat Nigam Ltd (RINL), a major manufacturer of long steel, which is used to make rebars.

Tesla’s third-quarter net income rose 17.3% compared with a year ago as its quarterly electric vehicle sales rose for the first time this year

New York City doesn't require a license to run a hotel, but that's likely changing soon

By Nigel Rawson and John Adams

Ben Affleck and Jennifer Lopez have yet to sell it. The couple, who are currently going through a divorce, paid $60.8 million for the house in May 2023, but they are now asking $68 million for it because of renovations. Before completing their divorce, Jennifer Lopez and Ben Affleck were also meditating on their asset distribution with a leading divorce attorney, as quoted in a report by the Blast. Jason Oppenheim, a well-known real estate broker and the star of ‘Selling Sunset,’ recently said that Affleck and Lopez shouldn't be too concerned about the length of time it has taken to sell their mansion because it usually takes at least six months for such large properties to find a buyer.

food inflation is expected to ease by Q4 of this fiscal (FY25) on better kharif arrivals and rising prospects of a good rabi season, highlighted the Reserve Bank of India's latest report. The RBI-led rate setting panel, Monetary Policy Committee, in the minutes of October meet, has highlighted that the sowing of key kharif crops are higher than last year and the long-period average. «Sufficient buffer stocks for cereals are available for ensuring food security. Adequate reservoir levels, the likelihood of a good winter and favorable soil moisture conditions augur well for the ensuing rabi season, though adverse weather events remain a risk,» it added.

Many car shoppers like the idea of hybrids, but not the upfront premium that often is thousands more than the sticker price of a non-hybrid model

Subscribe to enjoy similar stories. MUMBAI : Paytm parent One 97 Communications Ltd’s stock rose 8% on Wednesday. While the September quarter (Q2FY25) earnings had a few positives, such as improved traction in merchant loan disbursals and visible cost control efforts, much of this exuberance stemmed from the company receiving the National Payments Corporation of India’s (NPCI) approval to onboard new customers for its unified payments interface (UPI) application.

Subscribe to enjoy similar stories. Ian Rankin is my favourite writer. He writes crime fiction set in the city of Edinburgh in Scotland, featuring a now-retired police detective called John Rebus.

Subscribe to enjoy similar stories. The explosion of volumes in the Indian derivatives’ market—daily swaps, in particular—and the widespread participation of retail investors has generated deep concern among regulators and policymakers. As Warren Buffett famously said, “Derivatives are financial weapons of mass destruction." A consultation paper published by the Securities and Exchange Board of India (Sebi) noted that in 2023-24, an average 85 out of 100 individuals trading in index futures lost money.

Subscribe to enjoy similar stories. Logistics aggregator Shiprocket is looking to increase investments in its emerging businesses, contributing a fifth of the total revenue, as it gears up to log its first full year of profitability on an adjusted Ebitda level, a top executive said. The Temasek-backed company, which is valued at over $1 billion, will double down on three segments—cross-border shipping, checkout, and quick deliveries, among others—to fuel its next level of growth, at a time when the first two quarters of the current financial year are already profitable on an adjusted Ebitda basis, Saahil Goel, managing director and chief executive officer of Shiprocket, said in an interview with Mint.