COST Financial News

CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast

DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand

Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network

U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates

₹2,000 crore, in line with almost the same growth rate in spending by cards, which was mainly driven by increase in cardholder base to 18.9 million. Notably, blended spending per card, which includes corporate and retail, saw a slight decrease. Although the company earns fee income through interchange fees or merchant discount rate fees, it also pays out a portion of fees earned on corporate card spending as rebates.

C3.ai chairman and CEO says AI is being used by bad guys in huge ways on 'Cavuto: Coast to Coast.'

New research from Northwestern Mutual offers a revealing overview of how American parents are planning to finance their children’s college education.

As popular as private market investments are, particularly in the institutional space, nobody should expect them to become a staple fixture in people’s retirement plans anytime soon, according to new research from Cerulli.

The central bank's interest rate decision comes as inflation has hit record highs and grappled Americans over the last few years.

Those expecting a spring rebound in Canada’s housing market might have to wait longer than they thought.

BAXUS, a global marketplace for collectible spirits, has completed a seed funding round to enhance its web3-enabled trading platform.

₹5,400 crore to boost production capacity and make acquisitions. The company’s investment strategy involves pursuing growth through a blend of organic and inorganic expansions over the next three years. It will finance the acquisitions and capacity additions mostly through internal accruals.

ALSO READ: Microsoft basks in AI glory, revenue up 17% to $61.9 billion That’s comparable to about 10 nuclear power plants and reflects the turbocharged demand for electricity from data centers and artificial intelligence. Technology companies are clamoring for more clean energy to meet their own climate goals, just as overall energy demand is rising. “It is absolutely the largest single announcement for a corporate clean-power purchase agreement ever," BloombergNEF analyst Kyle Harrison said in a message.

Mastercard reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by consumers despite rising borrowing costs and persistent inflation. Wage growth and a tight labor market have ensured job security for card users, allowing them to spend without restraint even as the Federal Reserve keeps monetary policy tight.

Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car's underbody. On a typical vehicle, the underbody can consist of hundreds of individual parts. Last year, as Tesla developed a new small-vehicle platform, it aimed to punch out the underbody in a single piece, Reuters exclusively reported last September, citing five sources familiar with the automaker's gigacasting operations. The long-term goal was to radically simplify manufacturing and slash costs.

security posts, including 18 in 2024, have been set up by the Central Reserve Police Force (CRPF) in states affected by Left Wing Extremism (LWE) in the last four years, providing a significant advantage to the security forces in the fight against the Naxals, officials said on Wednesday. Most of the posts, known as forward operating bases (FOBs), were set up deep inside forest areas, which were out of bound for government officials and security forces till their establishment. The CRPF has set up 18 FOBs so far in 2024. Thirty-one such posts were established in 2023, 48 in 2022 and 28 in 2021, an official said. With the establishment of these posts, the security forces fighting the Naxals have got a significant advantage, the official added.

Jeremy Morris is used to friends making fun of the Toyota Tacoma he has driven for 24 years. He still insists it was one of the best money decisions of his life. The 45-year-old financial adviser in Coeur d’Alene, Idaho, estimates he saved more than $100,000 by never replacing the pickup.

Mint. Industry watchers, however, feel the group needs to execute a big winning strategy or have a big pull brand to become successful and eventually list. The company is aiming to hit three times its last reported numbers by Diwali 2025.

DUBAI, UAE, 1st May 2024 – In a significant development for Penguiana , a Solana-based meme project, the team has successfully closed a $200,000 seed funding round led by Nanosprout Ventures.

Allahabad High Court, chairperson of the appellate body for chartered accountants, company secretaries and cost accountants. In a gazette notification, the Ministry of Corporate Affairs (MCA) said three members—Rakesh Mohan, Sandip Garg and Amit Anand Apte--have also been appointed to the appellate authority. Garg is also a whole-time member of the Insolvency and Bankruptcy Board of India. Any member of the institutes for chartered accountants, company secretaries and work and cost accountants held guilty of professional or other misconduct by the relevant disciplinary panels of these bodies can file an appeal with the Appellate Authority against such orders.

THUNDER HORSE OIL PLATFORM—This hulking production base 150 miles offshore from New Orleans has long embodied BP’s outsize ambitions in the Gulf of Mexico and also reflected its recurring setbacks. Stretching roughly three football fields and pumping crude from more than a mile below the water’s surface, Thunder Horse in 2005 was found listing so precariously that it appeared in danger of sinking. Once it got roaring in 2008, three years behind schedule, it helped BP cement its position as one of the Gulf’s leading producers, capable of some of the industry’s biggest technical marvels.