COST Financial News

21.03 / 19:55

markets COST UPS Target economy reports U.S. Federal Reserve says 3 interest rate cuts still expected despite high inflation

Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.

21.03 / 19:27

COST Kroger Food pandemic Trade reports FTC finds large grocers used size to stock shelves during pandemic

Federal regulators said large grocery chains used their size and scale to keep shelves stocked during the pandemic, edging out smaller rivals when most stores struggled with product shortages and distribution bottlenecks. The Federal Trade Commission said in a report released Thursday on the impact of Covid-19 supply-chain disruptions that large retailers used their size to pressure suppliers of food and household goods, the agency said, including putting stricter delivery requirements into place and fining vendors that didn’t comply.

21.03 / 19:27

markets COST UPS IPO Mobile President reports Ola Electric holds a battery secret on road to IPO

₹500 crore Electric Mobility Promotion Scheme (EMPS) 2024 to encourage the purchase of electric two- and three-wheelers, a measure expected to support companies including Ola Electric. However, despite EMPS extending subsidy benefits for four months, the quantum of subsidy per vehicle has been lowered, noted Rohan Kanwar Gupta, vice president, ICRA. "Accordingly, a reduction in the subsidy benefit is a short-term impediment and will impact demand/realizations to an extent.

21.03 / 18:43

markets COST UPS Fox President reports How it Started... How it's Going: Home sales down, housing prices, mortgage rates up since Biden took office

In this video provided by METAoriginal to Fox News Digital, the Related Group’s Rivage property is shown through drone and life-like visuals.

21.03 / 17:17

markets Blockchain COST Digital CEO Platform track Taking a Forensic Look at the Blockchain Analytics and Forensics Firm Stopping Digital Assets Fraud

In the burgeoning world of blockchain and non-fungible token (NFT) technology, billions are lost every year to a plethora of deceitful scams which result in people either unknowingly handing over their funds to hackers, or paying for fraudulent services and assets.

21.03 / 17:16

markets COST Target Action Celebrity Courts Hermes lawsuit claims luxury retailer reserves its famed Birkin bags only for its biggest spenders

Hermes is being targeted in a new lawsuit accusing the luxury retailer of selling its coveted Birkin handbags only to customers who have spent exorbitant amounts of money at the store on other goods

21.03 / 17:15

markets COST Target economy show rights UK inflation is heading in 'right direction,' but Bank of England isn't ready to cut rates

The Bank of England has kept its main interest rate unchanged at a 16-year high even though inflation continues to drop from multi-decade peaks

21.03 / 17:15

markets COST UPS economy reports Average long-term US mortgage rate climbs back to nearly 7% after two-week slide

The average long-term U.S. mortgage rate climbed back to nearly 7% this week, pushing up borrowing costs for home shoppers with the spring homebuying season underway

21.03 / 17:15

COST Fighting Trade show country reports Swiss central bank makes a surprise cut to its key interest rate as others hold steady

The Swiss National Bank says it's trimming its key interest rate, a surprise move that makes Switzerland the first major financial center to announce a cut in recent months

21.03 / 17:15

markets COST Provident security stage rights Japan’s space agency says it hopes to forge a profitable launch business with its new H3 rocket

Japan’s space agency and its prime contractor say they hope to be able to forge a profitable launch business with their new H3 rocket after its first successful flight last month in an increasingly competitive market dominated by Space X

21.03 / 17:13

markets COST UPS Provident show Muni bonds’ tax shield looking shinier amid US wealth boom

Americans are getting richer, setting up the municipal bond market for a bounty of opportunity.

21.03 / 15:47

COST Citi economy wellness pandemic show reports Posthaste: Who says cities are dead? These four are driving Canada's economy

Canada’s big cities took the toughest knocks during the pandemic, as families fled to the suburbs and beyond and office buildings emptied out.

21.03 / 15:47

markets COST UPS trends 2020 David Rosenberg: Bank of Canada is going to have to cut rates sooner and harder than the Fed

There were several items that came out of the fourth-quarter national balance sheet data in Canada that leave us with a view that any positive “wealth effect” on spending is subsiding, that households are hunkering down and sharply reducing their appetite for debt, and that the Bank of Canada is going to end up having to cut rates sooner and harder than the United States Federal Reserve, with negative repercussions for the listless loonie.

21.03 / 15:43

markets COST UPS CEO Parke Analysis-Battle for Canadian bank deposits seen heating up as rate cuts loom

By Nivedita Balu

21.03 / 15:43

markets COST economy show US Treasury key yield curve inversion becomes the longest on record

By Davide Barbuscia

21.03 / 15:07

markets COST UPS Target Cycling performer HSBC dispels fears of deeper correction in midcaps. Picks Nykaa, 7 more stocks as buys

midcap stocks hold potential to deliver decent growth. HSBC has identified 8 midcap stocks, which could give up to 58% returns. The Hong Kong-based brokerage argues why it considers them a safe bet. HSBC has dispelled fears of a deeper correction in midcaps from here, like what happened in 2018 when the BSE Midcap index fell by over 13%. It said many midcap stocks have even corrected 35-50% with valuations coming down to the 5-year mean. Moreover, the midcap market breadth has declined to 73% from 90%+ at the beginning of the year (versus 60% which is the normal cycle average breadth). This signals a limited downside.

21.03 / 15:07

COST Booking Software Enterprise Trade ADRs of Wipro, Infosys slump as Accenture cuts guidance on clouded outlook

Infosys and Wipro declined sharply in trade on Thursday as peer Accenture Plc slashed its annual guidance, suggesting that the overall business environment for software services continues to be soft. The ADRs of Infosys fell 3% to $18.41, and that of Wipro slipped 1% to $5.88 on the New York Stock Exchange.

21.03 / 14:05

markets COST UPS wellness Experts electronic rights Retailers are cutting prices to win your business. Here’s where you can save

Canadians with extra spending cash right now might find they can score deals on clothing, some discretionary items and higher-ticket purchases as experts say retailers are fighting harder for consumers’ dollars.

21.03 / 13:27

markets COST UPS Target economy Boeing rights Bank of England sees economy 'moving in right direction' for rate cuts

By William Schomberg and Suban Abdulla

21.03 / 13:27

markets COST UPS Strategy economy Bitcoin Fed meeting recap: Dovish stance fuels rally in stocks, Bitcoin

Stock and cryptocurrency prices rose higher after the Federal Reserve announced they were keeping interest rates unchanged while also reiterating expectations of three rate cuts before the end of 2024.

21.03 / 12:55

COST UPS Provident consequences Department Mutual funds get GST notices for exit load

The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent show-cause notices to a number of mutual fund (MF) companies in recent weeks, seeking to recover a tidy sum from them as goods and service tax (GST) on exit-load charges. According to an official source, the amount being sought to be recovered from the MF firms could be over Rs 150 crore.

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