COST Financial News

23.02 / 15:35

COST Target FIVE pandemic track Carvana shares soar 40% after first annual profit

Shares of Carvana surged nearly 40% on Friday after the used-car retailer posted its first annual profit, in a sharp turnaround powered by cost cuts and a debt-reduction deal with bondholders. The company's shares are on track to close at a year high if gains hold, but still far from their all-time peak of $376.83 in 2021.

23.02 / 15:11

COST Target security WhatsApp country SJVN begins commercial power supply from 50 MW Gujrai solar project

SJVN on Friday began commercial supply of electricity from its 50 MW Gujrai solar power station in Kanpur Dehat, Uttar Pradesh. With this, the total installed power capacity of SJVN stands at 2,277 MW, with 10 power stations currently operational, a power ministry statement said. According to the statement, SJVN, under the administrative control of the Ministry of Power, has begun the successful commercial operation of its 50 MW Gujrai solar power station in Kanpur Dehat, Uttar Pradesh on Friday. The 50 MW Gujrai solar power station has been executed by SJVN through its renewable arm, SJVN Green Energy Ltd (SGEL) at a cost of Rs 281 crore.

23.02 / 13:49

COST CEO Death performer reports Suncor reverses workplace injury trend, reports 2023 was company's safest year ever

CALGARY — Oilsands giant Suncor Energy Inc., which has been heavily criticized in recent years for an abnormally high number of workplace deaths at its sites, reported that 2023 was its best year ever in terms of worker safety.

23.02 / 13:49

markets COST UPS Citi social politician Jack Mintz: Vacant home taxes may be worsening the housing crisis

The latest fashion in tax grabs is the vacant property tax (VPT). In Vancouver it’s called the “empty home tax.” In Toronto it’s the “vacant home tax.” Whatever the name, taxing residential property that isn’t used for a government-prescribed minimum number of days in a year is pernicious.

23.02 / 11:53

COST Provident Mobile Photos performer Features Canon printers: Top 7 picks that are ideal for quick printing anywhere anytime

1. Canon PIXMA MG2577s All in One Inkjet Colour Printer The Canon PIXMA MG2577s offers a compact solution for the home user needing basic print, scan, and copy functionalities. Its inkjet technology and colour output make it suitable for occasional document and photo printing.

23.02 / 11:21

markets COST Gap Latin International Beer time? Investors tempted by brewers as spirits sales falter

By Emma Rumney

23.02 / 08:35

COST UPS Reuters Aviat Airlines travelers strain Supply chain strains set to weigh on aviation industry bounce-back

By Xinghui Kok, Lisa Barrington and Brenda Goh

23.02 / 08:35

COST BTC Platform crypto mining Bitcoin Bitcoin Mining Firm Riot Rakes in Record $281M in Revenues in 2023, Producing 6,626 BTC

Bitcoin (BTC) mining firm Riot Platforms achieved impressive results in 2023, with total revenues reaching an all-time high of $281 million.

23.02 / 08:03

COST CEO wellness performer track 2020 International ABB names Morten Wierod as new CEO to replace Bjorn Rosengren

robotics company. Wierod, the head of ABB's electrification business, will replace Rosengren, effective Aug. 1, the Zurich-based company said.

23.02 / 08:03

markets COST Booking Universities Profiles Goldman Sachs downgrades SBI, ICICI Bank, Yes Bank; upgrades Bajaj Finance and reiterates buy on HDFC Bank. Check detail

State Bank of India (SBI), ICICI Bank, Yes Bank, as its sees multiple challenges ahead for the financial sector companies. However it upgrades Bajaj Finance and reiterated buy on HDFC Bank.

23.02 / 04:39

COST Provident Fighting Airlines security travelers Courts Lynx Air to cease operations Monday, files for creditor protection

Lynx Air says its final flights will take place on Sunday as the company files for creditor protection, less than two years after the low-cost airline took to the skies.

23.02 / 02:11

COST Food Moodys pandemic Trade Diversity NOT Red Sea attacks not impacting inflation despite diversion of shipping route amid soft demand

Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting the impact on inflation, analysts from Moody's Investor Service said on Thursday. Ships carrying everything from furniture and apparel to food and fuel are being diverted away from the nearby Suez Canal trade shortcut to the longer and more expensive route around Africa. Rerouting takes vessels and crew out of danger from drone and missile strikes by Iran-aligned Houthis supporting Palestinians as the Israel-Hamas war rages.

23.02 / 01:13

COST FIVE security reports rights Investigations PAG Asia to invest in M3M company's bonds

PAG Asia, one of the largest global alternative investment managers, will invest ₹400 crore in bonds of a M3M India group entity to refinance existing debt and acquire land, said people with knowledge of the matter. PAG's Asia Pragati Strategic Investment Fund will invest in Lavish Buildmart, a 100% subsidiary of M3M India — the real estate developer whose promoters were questioned by the Enforcement Directorate last year for unauthorised transactions with the IREO group.

23.02 / 00:47

COST Booking trends show information reports Data shed light on how much 401(k)s pay advisors

The overall fees charged to 401(k) plans are well-documented – but information about how much goes to advisors isn’t widely available.

23.02 / 00:43

COST Provident Digital Platform Action students Elevation Capital says fintech companies building tailored products are finding takers

regulatory challenges imposing higher governance costs, procedural delays and hurdles in establishing partnerships with banks for fintech firms, such actions serve as a runway for them to build a scalable platform in the long run, said senior partners at early-stage venture capital investor firm Elevation Capital. “I think getting a regulatory clarity might make your task tougher because it adds governance and governance cost and it may make your task longer. But I think it provides a nice runway for you to scale and become a scalable platform,” Mridul Arora, partner at Elevation Capital, said.

23.02 / 00:33

markets COST Citi wellness trends Latin Tequila giant Becle's profit jumps despite slowing demand

MEXICO CITY (Reuters) -Mexican distiller Becle, the world's largest tequila producer, on Thursday posted a 41% rise in its net profit for the last three months of 2023 compared to a year earlier, even as sales slipped in key markets.

22.02 / 21:46

COST Citi Aviat Mobile Sustainability Hyundai travelers Hyundai's Supernal and Embraer-backed Eve Air Mobility see future in electric-powered air taxis

As the aviation sector seeks ways to make air travel less polluting and more sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel -– air taxis

22.02 / 21:45

markets COST UPS trends reports Department Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don’t jump back to the highs they hit late last year

22.02 / 21:45

COST UPS Extreme Corning Trade country EPA approves year-round sales of higher ethanol blend in 8 Midwest states

Drivers in eight Midwestern states will be able to fuel up with a higher blend of ethanol throughout the year under a ruled finalized by the Environmental Protection Agency

22.02 / 21:45

markets COST UPS wellness rowing Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers

Sales of previously occupied U.S. homes rose in January as homebuyers seized upon easing mortgage rates and a modest pickup in properties on the market

22.02 / 21:45

markets COST UPS economy reports Average long-term US mortgage rose again this week to highest level since mid December

The average long-term U.S. mortgage rate rose this week for the third time in as many weeks, driving up home loan borrowing costs in just as the spring homebuying season ramps up

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