COST Financial News

09.02 / 15:50

markets COST UPS economy Research President strain Auto loan delinquencies spiked last year in troubling sign for economy

Portfolio Wealth Advisors President and CIO Lee Munson discusses the expected release of big bank earnings, the Fed's rate cuts and shares his market outlook for the year.

09.02 / 15:47

markets COST Trade love Inside International Bank of America's EMEA equity derivatives business is getting some love

Bank of America may be cutting a few heads and keeping a lid on costs by failing to replace people who've left, but it's hiring too. Last year, it recruited 15,000 people, including many in European fixed income sales, where it doubled the size of the currency and commodities salesforce working with corporate clients in the two years to mid-2023 and hired 50% more staff across EMEA sales and trading.

09.02 / 15:47

markets Blockchain COST security Strategy innovations Secured Finance Unveils Groundbreaking Multi-Chain Strategy to Empower DeFi Markets

In an era where decentralized finance (DeFi) is reshaping the financial landscape, Secured Finance emerges as a beacon of innovation with its latest multi-chain strategy. This move is not just a leap forward in on-chain fixed-income markets but a testament to the platform’s commitment to enhancing liquidity and accessibility on Ethereum’s mainnet and beyond.

09.02 / 15:27

COST UPS Platform social Thai PM: will keep urging central bank to cut rates

BANGKOK (Reuters) — Thailand's Prime Minister Srettha Thavisin said on Friday he will continue to urge the central bank to cut interest rates.

09.02 / 14:58

COST UPS Provident country reports Car insurance rates in 2024 jump 26% across the US, report says

'Barron's Roundtable' panel provides insight on the increased pressure on consumers.

09.02 / 14:36

COST UPS CEO Metro Food Bill International Higher grocery bill? Here’s why some food prices may be rising in Canada

Canadians that have turned to grocery store flyers and coupon-cutting may need to look for even more savings.

09.02 / 14:20

COST Celebrity Bitcoin social reports Cryptocurrency scams cost Peterborough victims over $550K in 2023: police

Police in Peterborough, Ont., are warning the public after reporting an increase in cryptocurrency scams that have cost victims thousands of dollars.

09.02 / 14:14

markets COST UPS wellness track Licious lays off 80 employees with eye on growth

₹800 crore in cash from previous fundraising rounds. It added that its online business was operating-margin positive and on track to achieve Ebitda profitability by the end of FY25.

09.02 / 13:59

markets COST UPS Provident CEO economy wellness Unchanged repo rate to elevate investor confidence in realty market: Developers

Property developers welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged on Thusday (February 8), a move that is likely to resonate positively within the real estate sector. This decision creates a conducive environment for both individuals and businesses, and will stimulate demand momentum.

09.02 / 13:46

COST UPS Fox Food reports Burrito, Big Mac prices in California to go up as pay rises: 'Someone has to pay,' FAT Brands founder says

Fat Brands chairman and founder Andy Wiederhorn details the economic impact of California raising the minimum wage to $20 an hour.

09.02 / 13:37

COST UPS IPO Trade show surges ESAF SFB stock slides over 16% even after net profit surges 200% YoY; here's why

ESAF Small Finance Bank witnessed a sharp decline of 16.35%, hitting an all-time low of ₹65.45 per share in today's trading session, marking its most significant intraday drop since its listing in November last year. Investor sentiment soured as the bank's asset quality deteriorated quarter-on-quarter in Q3. Its Gross Non-Performing Assets (GNPA) ratio rose to 4.16%, up from 2.64% in Q2FY24, although it showed improvement from 7.24% in Q3 FY23.

09.02 / 13:34

markets COST UPS Provident Strategy economy RBI Keeps Repo Rate Unchanged: What should home buyers do now?

The Reserve Bank of India (RBI) on Thursday decided to maintain the status quo on the repo rate, leaving it unchanged at its current level of 6.5%. This decision, announced after the Monetary Policy Committee (MPC) meeting, comes as no surprise to many economists and market analysts who had anticipated such a move amidst the prevailing economic conditions. While this decision holds implications for various sectors of the economy, it particularly impacts the real estate market, prompting home buyers to reevaluate their strategies and decisions.

09.02 / 13:25

COST Provident Digital CEO Align Experts information RBI mandates lenders to furnish Key Fact Statement: What is KFS and how will it bring transparency? Experts explain

Also Read | Key Fact Statement (KFS) now mandatory: New RBI measure enhances transparency in lending for retail and MSME borrowers In its statement on Developmental and Regulatory Policies, the RBI emphasised that currently, the KFS is specifically mandated for loans by scheduled commercial banks to individual borrowers, digital lending by regulated entities, and microfinance loans. Also Read | RBI Policy: Governor Das unlikely to precede Fed in policy reversal; expect rate cut only in H2, say Economists "The Reserve Bank has announced several measures in the recent past to foster greater transparency and disclosure by the regulated entities (REs) in pricing of loans and other charges levied on the customers.

09.02 / 13:18

COST UPS Fox economy Food show reports More Americans are getting a second job to offset sting of high inflation

KKR's Henry McVey joins 'Barron's Roundtable' to discuss GDP data showing the economy is growing and inflation cooling.

09.02 / 12:59

COST UPS Booking Airlines economy Experts travelers How to reduce — or avoid — airline fees for checked bags

Checking a bag at the airport has gotten pricier for travelers — and harder to avoid.

09.02 / 12:45

COST Food PepsiCo Trade Frito-Lay performer PepsiCo forecasts 2024 revenue growth of 4%, below estimates

Investing.com — PepsiCo (NASDAQ:PEP) has unveiled a full-year forecast for organic revenue growth of at least 4%, below Bloomberg consensus expectations of 5.2%, as the food and beverage group flagged waning benefits from elevated prices.

09.02 / 11:51

COST UPS Assurant economy rights Turkey's new central bank chief assures that work to combat inflation will press on

Turkey's new central bank chief says the work to tame inflation — namely through interest rate hikes — will continue “with determination.”

09.02 / 11:49

markets COST Research Universities reports Is retirement realistic for millennials? Why they say they need to save more

Millennials feel they need to save more than any other Canadian to retire, a new survey indicates.

09.02 / 11:38

COST Provident Platform security wellness Bitcoin Features Neobanking app enfineo claims it can bridge traditional finance with cryptocurrencies

Startup enfineo is building an alternative to your usual cryptocurrency wallets with a focus on traditional banking and finance. enfineo guarantees that the platform seamlessly integrates conventional banking with the dynamic world of cryptocurrencies, allowing users to manage their savings accounts, cryptocurrencies such as Bitcoin, Ethereum and other membership cards in one place without extra efforts and cost.

09.02 / 11:30

COST UPS Citi Citigroup Solomonic WSJ reports Morning Coffee: The Citigroup cost-cutter encouraging people to stop managing-up. Goldman Sachs' partner party is coming

Andy Sieg, the newish head of wealth management at Citigroup, looks a little older than his 56 years. This might be because managing wealth managers is a stressful business, and he oversaw 25,000 of them at Merrill Lynch before joining Citi last September. Or it might be because he is wise.

09.02 / 11:30

COST UPS Target CEO Strategy wellness Petronet draws Rs 40,000 crore investment plan to treble profit by 2028

Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO A K Singh said. Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that will convert imported feedstock into propylene, as well as setting up an LNG import facility at Gopalpur in Odisha at a cost of Rs 2,300 crore, he told reporters on the sidelines of India Energy Week here.

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