COST Financial News

There are lots of things college students and their parents should keep in mind before filing their taxes

If you’re in the market for a used car and want to score a nice discount, consider getting a plug-in hybrid vehicle that qualifies for the federal tax credit

Consumer inflation rose more than expected in March, boosted by gas, rents, auto insurance and other items, the government said Wednesday

The lawyers who negotiated a $600 million settlement with Norfolk Southern over that railroad's disastrous 2023 derailment in eastern Ohio want residents to talk with them before deciding the historic deal isn't enough

With India’s civil aviation sector going through turbulence, fliers are being forced to tighten their budgetary belts, as airfares have soared at a dizzying angle. Busy routes have gone up by as much as 30% at the start of the summer rush. For a quick explanation, Exhibit ‘A’ is Tata-run Vistara’s recent declaration of scaling back operations by about 25-30 flights per day, or roughly 10% of its capacity, amid a shortage of pilots.

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other item

Warburg Pincus has bought a majority stake in Chennai-based Appasamy Associates, India's largest maker of ophthalmic equipment and intraocular lenses (IOLs). Financial details of the transaction were not disclosed. Appasamy operates across the entire value chain of ophthalmic devices — diagnostic, surgical equipment, and IOLs, according to company statement. ET was the first to report last July that Warburg Pincus was in advanced stages of talks to acquire Appasamy, having signed an exclusivity agreement, and started due diligence of the company. Promoters of Appasamy were expecting a valuation of ₹3,000-₹3,200 crore, ET reported at the time. Warburg planned to buy a 60-70% stake in the company and the business would continue to be run by the current management, ET reported. Post the deal, Appasamy will continue to be led by recently appointed CEO, Senthil Kumar who will drive the business going forward with support of the promoter family and in partnership with Warburg Pincus, according to the statement. Appasamy is also the exclusive distributor for Canon medical equipment in India.

Red Sea due to Houthi attacks on cargo ships. In a letter, which was also addressed to state-run export finance institution Exim Bank, the finance ministry last month told the RBI and Insurance Regulatory and Development Authority of India (IRDAI) to monitor and look into the concerns raised by exporters with the commerce ministry about these disruptions potentially inflating India's export costs, officials said. «After our deliberations with the commerce ministry and other stakeholders, including exporters, it was decided that sectoral regulators will keep a watch and take necessary action wherever possible,» a government official said. Banks have also been briefed separately to factor in such hikes while sanctioning fresh credit limits to exporters and other businesses, the official said.

A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading.

Human Rights' (ECtHR) ruling on Tuesday in the case brought by Verein KlimaSeniorinnen Schweiz, a Swiss association of women senior citizens, breaks new ground by linking climate change to infringement of human rights, to the obligation of states to protect fundamental rights. The verdict makes it the state's duty to act to limit climate change.

Tesla CEO Elon Musk on Wednesday confirmed his visit to India in a post on X (formerly Twitter). Musk wrote, «Looking forward to meeting with Prime Minister @NarendraModi in India!» The CEO is likely to announce the company's investment plans in the country, reported PTI, citing sources. Musk, who has described as a 'natural progression' to provide Tesla electric vehicles in India, is likely to be accompanied by other company executives during the visit that is expected in the week of April 22, as per PTI source. However, there was no confirmation about this from Musk.

The listing comes shortly after eesee’s latest mainnet launch with over 1.6 million wallets connected to its gamified digital assets trading marketplace. 

Treasury Secretary Lawrence Summers said that the hot US consumer price inflation report for March means that the risk case of the next Federal Reserve move to be an increase must be taken seriously. “You have to take seriously the possibility that the next rate move will be upwards rather than downwards,” Summers said on Bloomberg Television’s Wall Street Week with David Westin. He indicated that such a likelihood is somewhere in the 15% to 25% range.

A 'Mornings with Maria' panel weighs in on the March Core CPI, the Fed's expected rate cuts and their overall market outlook.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

Delhi High Court on Wednesday expressed its displeasure over repeated petitions seeking removal of Arvind Kejriwal as the chief minister after his arrest despite the previous pleas having been dismissed, saying unlike the James Bond movies there cannot be sequels to such legal prayers. The court said once it has dealt with the issue and opined that it fell in the executive's domain, there should not be any «repeat litigation». A bench headed by Acting Chief Justice Manmohan pulled up petitioner Sandeep Kumar, a former AAP MLA, who sought Kerjiwal's ouster from the office, for trying to drag the court into a "political thicket" and imposed costs of Rs 50,000 on him. «This is not like a James Bond movie where we will have sequels. (Lt) Governor will take a call on this. You are trying to involve us in a political thicket, that's all,» remarked the court during the hearing.

Okaya EV today announced a festive session offer under which it will uphold the pre-existing prices of its electric two-wheelers even after the conclusion of the Faster Adoption and Manufacture of Electric Vehicles (FAME II) scheme. Dr. Anshul Gupta, Managing Director of Okaya EV, emphasized the company's dedication to customer satisfaction, stating, «At Okaya EV, we prioritize the needs and concerns of our customers above all else. We recognize the pivotal role electric mobility plays in building a sustainable future, and we believe that cost should not hinder its accessibility. By maintaining our old prices post FAME II, we aim to make our electric two-wheelers accessible to a wider audience, while stocks last.» Okaya's electric scooter models start at INR 69,950. Its Faast F4, which is available at Rs 1,19,989, boasts a range of 160 kilometres per charge (IDC) and is equipped with two batteries, providing a total output of 4.4 kWh.

Check out what's clicking on FoxBusiness.com

A measure of underlying US inflation topped forecasts for a third straight month in March, signaling persistent price pressures that will likely delay any Federal Reserve interest-rate cuts until later in the year.

South India Organised Retailers Association (ORA) on Wednesday threatened to halt the sales of OnePlus products in their establishments from May 1, allegedly due to unresolved concerns with the company. In a letter addressed to Ranjeet Singh, Sales Director of Oneplus Technology India, ORA said that throughout the past year, the retailers' body has encountered significant obstacles associated with selling OnePlus products, which remain unresolved. «Despite our persistent efforts to address these concerns with your company, little progress or resolution has been achieved. Promises made have not been fulfilled, leaving us with no recourse but to take this drastic measure. ORA painfully wishes to inform our collective decision to halt the retail of OnePlus products in our establishments from 1st May, 2024,» the body said.

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it weighs when and by how much to cut interest rates this year.