COST Financial News

Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech coming up in North Carolina

Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week’s Democratic National Convention

Airtel and the sale of some capital assets by associate Globe Telecom. Singtel's net profit rose 42.9% to S$690 million in the first quarter ended June 30 from S$483 million a year ago, Southeast Asia's largest telecom provider said on Thursday. The exceptional gain came as Singtel reduced its effective stake in Airtel to 28.7% from 28.9%.

Kamala Harris unveils her economic agenda before the US Presidential Election 2024? Derided and attacked for "Kamalanomics" by Donald Trump, the Democrat contender is most likely to call for a ban on food «price gouging,» she may signal a critical view of mergers, and talk about her struggles against large corporations as she announces her economic vision Friday. According to the 'Washington Post', Harris may hold companies responsible for the higher cost of groceries in recent years at her election rally in Raleigh, N.C. She may try to send strong signals to all-important swing state voters.

Also read | Can bring in a hybrid in a 'reasonable' time frame if market demands: M&M “For us, the one important thing in creating a moat is volume scale; so, everything we are doing is with a view to make sure we have volume momentum," said Rajesh Jejurikar, MD & CEO, auto & farm sectors, Mahindra & Mahindra, at the launch of the Thar Roxx in Kochi on Thursday. Jejurikar explained that volumes bring cost efficiency, better supplier involvement, and motivated dealers and teams.

Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else

Former Reagan economist Art Laffer reacts to a recent report that consumer prices rose 2.9% year-over-year in July on ‘The Big Money Show.’

e-commerce giant JD.com beat estimates for quarterly profit on Thursday, helped by a mid-year sales festival and aggressive price cuts that drove more cost-sensitive consumers to its platform. U.S.-listed shares of the company rose 2.6% in premarket trading. Major Chinese vendors like JD.com and Alibaba have increased focus on discounting and lower-priced goods as the world's second largest economy sees a pullback from customers that as conscious about spending.

The sometimes striking oversimplification of investing themes and sectors is nowhere more prevalent than in the column inches and bandwidth devoted to real estate, which is often depicted as some kind of monolithic investment that is uniform across all geographies, sectors and investors.

inland waterways, as part of its efforts to promote greater use of the country's network of rivers, canals and backwaters to move cargo, officials in the know said. The government is readying a scheme to incentivise parcel movement on the Ganga, Brahmaputra and Barak rivers in the first phase. A discount of up to 35% on the invoice value for transporting goods is expected to be offered by a subsidiary of state-run Shipping Corporation of India, with the government reimbursing the company for the loss of revenue, they said. «This scheme has been designed after feedback from stakeholders that recently used national waterways 1, 2 and 16 to transport goods,» one of the officials said. The incentive will make waterway movement on those routes comparable to road transport, he added.

The start of interest rate cuts from the Bank of Canada has done little to stoke a fire in the Canadian housing market, fresh data from July shows.

The average rate on a 30-year mortgage edged higher this week, holding close to its lowest level in more than a year

Supreme Court's verdict on Wednesday enabling state governments to tax mining and related activities retrospectively with respect to transactions made after April 1, 2005, could have a far-reaching impact on input costs across the economic value chain and create stresses in federalism. The most affected area would be electricity, where the higher cost of mining coal would eventually feed into prices overall. If tariffs are deliberately suppressed for political reasons, as the historical record suggests, stress will grow in the power industry, affecting capacity building. Majority of the country's states are coal-deficient and will make a case for higher imports, thereby affecting the country's trade balance. Although most of these effects will show up over time, and can be mitigated with policy correction, retrospective tax on minerals could have a more immediate impact on the health of mining companies and supply-side inflation.

More debt-burdened Canadians think better days could be just around the corner after an interest rate cut and promising data boosted their outlook for the economy, a long-running survey of consumers suggests.

Ever pull into a gas station in British Columbia and wince at the posted price?

job market remains resilient in the face of high interest rates. Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. The four-week average of claims, which smooths out week-to-week ups and downs, fell by 4,500 to 236,500. In the week that ended Aug. 3, 1.86 million Americans were collecting jobless benefits, down by 7,000 from the week before.

Principal Asset Management chief global strategist Seema Shah analyzes the labor market and discusses the risk of recession on 'Making Money.'

Arbitration pros resist govt.'s advisory favouring mediation over arbitration The law ministry’s efforts to expedite the enforcement of arbitral awards are expected to significantly benefit the government, which is included as a party in a considerable number of arbitration proceedings. Law minister Arjun Ram Meghwal initiated thenational litigation policy in June soon after taking office.

No consumer durable purchase is a more powerful marker of upward mobility than car ownership. Air conditioners, washing machines, etc, tend to be utility purchases. The car one owns, in contrast, is not just far more publicly visible, it is a status symbol in India.

The Caisse de dépôt et placement du Québec posted a 4.2 per cent return on its investments for the first half of this year, driven mainly by good performance in tech stocks and solid returns from its infrastructure portfolio, but coming in below its overall benchmark.

Devendra Fadnavis on Thursday said more than one crore eligible women in the state will start getting Rs 1,500 financial assistance per month under the government's 'Ladki Bahin' scheme after its launch on August 17. Speaking to reporters, he said some eligible women already received Rs 3,000 as the instalment for two months on Wednesday during the scheme's trial run. «The scheme is set to commence this Saturday. The state government expects that more than one crore eligible women will begin receiving Rs 1,500 per month,» he said.