COST Financial News

22.05 / 16:13

markets COST Target Strategy Sustainability track Oil slips for third day on prospect of US rates staying high

Oil prices fell more than 1% on Wednesday, retreating for a third straight day on expectations that U.S. interest rate cuts might be deferred due to sustained inflation, potentially affecting demand in the world's largest oil user. The market also slipped as U.S. crude oil and gasoline inventories rose last week, according to market sources citing American Petroleum Institute (API) figures on Tuesday. Analysts expected them to decline.

22.05 / 15:33

COST Pinnacle performer cover exclusive innovations Features Mercedes-Maybach GLS 600 4MATIC SUV and AMG S 63 E Performance Edition 1 sedan launched in India: Details

Mercedes-Maybach GLS 600 4MATIC SUV radiates sophistication, boasting comfort, and a striking design that reinforces Mercedes-Benz's dominance in the SUV segment.

22.05 / 15:33

markets COST CEO Action Sustainability reports Paytm CEO Vijay Shekhar Sharma says ‘the worst is behind us’ after Q4 results

Paytm founder and CEO Vijay Shekhar Sharma told shareholders in a post-earnings call on Wednesday that the worst is behind the company after One97 Communications, its parent firm, reported lower quarterly revenue and a bigger loss on Wednesday."We learned a lot of our lessons to become better and resilient. We also resolved to be fully compliant according to the regulators expectations in letter and spirit," Sharma said in the earnings call.

22.05 / 14:57

COST UPS FIVE Food Loblaw Canadians feel grocery inflation is getting worse despite steady cooling: poll

Almost two-thirds of Canadians feel that inflation at the grocery store is getting worse, a new poll suggests, even as food inflation has been steadily cooling.

22.05 / 14:37

COST UPS Manufacturing Mobile track Average US vehicle age hits record 12.6 years as high prices force people to keep them longer

Cars, trucks and SUVs in the U.S. keep getting older

22.05 / 14:35

COST UPS FIVE Gap Research wellness reports Financial American workers are feeling more confident about their financial wellbeing: BofA

Sentiment among U.S. workers about their financial wellbeing has improved in 2024, according to new research from Bank of America.

22.05 / 14:35

markets COST FIVE President track Goldman says greenback could be stronger for longer

The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in borrowing costs, according to Goldman Sachs Group Inc.

22.05 / 14:27

markets COST Provident pandemic strain Courts Red Lobster chain goes bankrupt after unlimited shrimp deal

Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labour costs and a disastrous unlimited shrimp promotion.

22.05 / 14:27

COST UPS Food poverty country social reports Posthaste: Canada at 'critical turning point' as poverty worsens, warns report

Canada has reached “a critical turning point” as the high cost of living and housing in this country push more people below the poverty line, says a report out today from Food Banks Canada.

22.05 / 14:27

COST pandemic CIBC rights Relationships Howard Levitt: What the federal government’s return-to-work directive means for non-union employees

By Howard Levitt and Jeffrey Buchan

22.05 / 14:27

markets COST economy CIBC Cycling reports rowing Rate Cut inflation data interest rate cut Inflation data 'all clear' for Bank of Canada interest rate cut in June, economists say

With inflation cooling to a three-year low in April, some economists are now all but guaranteeing that the first interest rate cut of the Bank of Canada‘s tightening cycle will come in June.

22.05 / 14:27

COST FIVE wellness Justice reports Department Investigations ‘All eyes on TD’ and U.S. probes as Canadian bank earnings begin

Toronto-Dominion Bank and its U.S. money-laundering woes are set to dominate the start of Canadian bank earnings season this week.

22.05 / 13:11

markets COST SUN reports Pharmaceuticals Gland Pharma Q4 Results: Firm misses profit view on higher employee costs

Gland Pharma reported fourth-quarter profit below estimates on Wednesday, as soaring employee expenses outweighed strong demand in its core markets. It reported a consolidated net profit of 1.92 billion rupees ($23 million) for the quarter ended March 31, missing analysts' average estimate of 2.41 billion rupees as per LSEG data.

22.05 / 12:41

COST UPS Fox BAY social reports NOT Customers Red Lobster not going out of business despite bankruptcy, company tells customers

Check out what's clicking on FoxBusiness.com

22.05 / 10:49

markets COST UPS Analysis pandemic country reports Investors are snatching up 1 in 5 homes for sale in new hurdle for buyers

ResiClub co-founder and editor-in-chief Lance Lambert discusses the U.S. housing affordability crisis on 'Making Money.'

22.05 / 10:43

markets COST UPS reports Strides Pharma Q4 Results: Pharma co reports Rs 10.4 crore net profit

Strides Pharma Science on Wednesday reported 10.4 crore net profit in the quarter ended March 31, 2024. The company reported a loss of Rs 1 crore in the corresponding quarter of the previous year. The net profit before tax stood at Rs 29.6 crore in Q4FY24.

22.05 / 10:41

COST UPS Booking performer Can BHEL reclaim its crown?

₹613 crore, thanks to the doubling of other expenses. Additionally, the balance sheet worsened with borrowings rising by 64% to ₹8,808 crore. More debt was taken to finance working capital as receivables went up and payables declined, which meant that finance cost jumped up by 40%, causing pre-tax earnings to drop by a sharp 68% to ₹220 crore.

22.05 / 10:41

markets COST Cooper economy Sustainability Trade President Biden's industrial policy made America’s EV tariffs necessary

In one sense, US President Joe Biden’s punitive new tariffs on Chinese electric vehicles (EVs) are indeed necessary, just as he argues. What makes them so are the enormous sums that the administration is devoting to expanding US capacity to produce its own EVs. An almost-invariable characteristic of industrial policy is to start with one dumb idea, after which many more then follow—by necessity.

22.05 / 09:17

COST Provident security Personal loan balance transfer: How to refinance your debt? MintGenie explains

Frequently Asked Questions (FAQs) Your eligibility for a personal loan is determined by myriad factors, some of which are given more weight by lenders than others. These are the main ones: It is feasible to obtain a personal loan despite having a low credit score, but there are obstacles to overcome.

22.05 / 09:05

markets COST Manufacturing WhatsApp Govt may look at addressing inverted duty structures in washing machines, air purifiers

government is likely to consider addressing the issue of inverted duty structure for certain products like paper, furniture, washing machines, solar glass, and air purifiers to promote domestic manufacturing, an official has said. Inverted duty structure refers to taxation on inputs at higher rates than finished products that result in the build-up of credits and cascading costs. The official said the Commerce and Industry Ministry has shared a list of products with the Finance Ministry to look at the inverted duty structure issues. The list was shared after holding detailed consultations with industry associations and export promotion councils.

22.05 / 08:57

markets COST UPS FIVE security Highways rights Growth to come from MSME, affordable housing: Rajesh Sharma, Capri Global

«We see the highway are being built, railway is being built, a lot of manufacturing capacity are being built that will necessarily percolate the order to MSME, where the credit demand will come and that is where the opportunity lies for us,» says Rajesh Sharma, MD & CEO, Capri Global. Let us first understand the big picture. The big picture for India is that the credit offtake is strong, rural demand is under stress, luxury demand is doing very well. The economy has become a K-shaped economy after the pandemic. Is it true? So, partially I believe, but I still believe that the way India infrastructure is growing, the segment of MSMEs and smaller business is also growing pro-rata because these are the service sector.

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