COST Financial News

02.08 / 02:39

COST NASDAQ DOW show 500 week end US stock market: S&P 500, Nasdaq end lower on first day of August in busy earnings week

Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies' earnings reports later this week. U.S.

02.08 / 01:23

COST UPS Target Booking Progressive Chola Investment Q1 net profit rises 28% to Rs 726 crore

Cholamandalam Investment and Finance, the non-banking finance company of the Murugappa Group, reported a 28% growth in net profit year-on-year to ₹726 crore in the quarter that ended June 2023 from ₹566 crore a year ago led by strong growth in assets under management (AUM). Assets rose 42% year-on-year to ₹1.22 lakh crore from ₹ 86,703 crore a year earlier.

02.08 / 01:23

COST Strategy LinkedIn Fitch Moodys show Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'

Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

02.08 / 01:23

COST IPO Target Strategy performer Investors betting big on high-yielding credit opportunities

investors Cerberus Capital, Ares SSG, Varde Partners, and Davidson Kempner are raising their bets in the Indian market as many stressed firms, largely cut off from bank funding, offer an opportunity. Recently, a Shapoorji Pallonji Group company raised ₹14,300 crore through the sale of bonds at a yield of 18.75%.

01.08 / 23:04

COST ExxonMobil Shell performer fall BP profits are cut in half to $2.6 billion as oil and natural gas prices fall

Energy giant BP says it earned nearly $2.6 billion in the second quarter

01.08 / 23:04

COST UPS Provident Target show fall Job openings fall to lowest level in 2 years as demand for workers cools

U.S. employers posted fewer jobs in June, a sign that the red-hot demand for workers that has been a key feature of the post-pandemic economy is cooling a bit

01.08 / 23:04

COST Provident BLOCK Amazon PINK Amazon adds video telemedicine visits nationwide to its virtual clinic

Amazon is adding video telemedicine visits in all 50 states to a virtual clinic it launched last fall, as the retail giant takes a deeper step into care delivery

01.08 / 23:04

COST Booking Strategy Adventure stage fun NOT Millennial Money: Mystery travel lets you focus on the fun, not the details

Mystery travel involves setting off on a trip where you only know the destination once you board the plane

01.08 / 23:04

COST UPS MET country cover Grant Saudi Arabia to grant Yemen $1.2 billion in economic aid

Saudi Arabia said it would grant $1.2 billion of financial aid to Yemen’s internationally recognized government in a bid to buoy the country's struggling economy

01.08 / 23:04

COST UPS show country Inside German beer sales resume their downward trend after a post-COVID pickup

Official figures show that German beer sales resumed a long-term downward trend in the first six months of this year after rallying in 2022 thanks to the end of most COVID-19 restrictions

01.08 / 23:03

COST UPS Lowe's Fitch Fitch downgrades US credit rating, citing mounting debt and political divisions

Fitch Ratings has downgraded the U.S. credit rating, citing an expected increase in government debt over the next three years and a “steady deterioration in standards of governance” over the past two decades

01.08 / 23:03

COST UPS Ford Tesla Ford restarts electric pickup truck factory after retooling to increase output, says orders are up

Ford is resuming production of the F-150 Lightning electric pickup after closing a factory in Dearborn, Michigan, for six weeks to triple production capacity

01.08 / 23:03

COST UPS Starbucks reports Starbucks reports record quarterly revenue as China sales boom

Starbucks reported record revenue in its fiscal third quarter as sales in China roared back to life

01.08 / 23:03

COST Twitter Extreme Platform show social elon X marks the lawsuit: Elon Musk's social media company sues nonprofit highlighting site's hate speech

A nonprofit organization that researches links between social media, hate and extremism has been sued by X, the social media platform formerly known as Twitter

01.08 / 23:03

COST UPS Airlines SAP JetBlue Deal JetBlue warns of a possible 3Q loss as it ends a deal with American and faces flight disruptions

JetBlue shares are losing altitude as the airline warns that third-quarter and full-year results will be worse than it had previously expected

01.08 / 23:03

COST UPS Citi band country electronic Solar The first generation of solar panels will wear out. A recycling industry is taking shape

The largest solar panel recycling plant in North America has opened in Yuma, Arizona, just as the flow of used and spent solar panels sharply ramps up

01.08 / 23:03

COST UPS CEO Pfizer COVID-19 Vaccine Pfizer 2Q numbers tumble and COVID-19 vaccine, treatment sales dry up

Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023

01.08 / 20:07

COST ETF Racing Strategy Apple BlackRock State Street cuts fees on $78bn of ETFs in its core line

State Street Global Advisors chopped fees Tuesday on nearly half the ETFs in its Portfolio line of products, citing new costs that are below similar funds from Vanguard, BlackRock and Charles Schwab.

01.08 / 19:05

COST UPS Lowe's Gap show Low Low savings rates drive shift to FDs

Customers are increasingly shifting funds from low-yielding savings accounts to fixed deposits (FDs) because of the widening interest rate gap between the two, increasing deposit costs for lenders. While savings interest rates have remained largely unchanged in the past three years, banks have significantly raised interest rates on time deposits to attract customers. For example, State Bank of India (SBI), the country’s largest lender, offers 2.7-3% on savings deposits, similar to what it paid in early 2020, while providing 6.8% on one to less than two-year term deposits.

01.08 / 19:05

COST UPS Provident Cooper Extreme country cover Relief from milk prices likely after monsoon: Parshottam Rupala

NEW DELHI : Milk prices in India have surged 22% in three years, including 10% in the past year. According to Parshottam Rupala, Union minister for fisheries, animal husbandry, and dairying, prices of green fodder are declining, and milk prices are expected to stabilize after monsoon as fodder turns plentiful. In an interview, Rupala said while extreme weather conditions can damage crops, there is currently no alarming feed shortage, and in the unlikely situation of a shortage, states have reserves to fill the supply gap.

01.08 / 19:05

COST Lowe's BMW Mercedes-Benz Audi performer Off the mark: luxury car sales roar in India

Credit Suisse, the number of millionaires in India is projected to more than double by 2026, which augers well for the industry. Mercedes-Benz, BMW, Audi, Jaguar Land Rover and Volvo logged strong growth during the first half—a rarity. The three German brands had their best ever half- yearly performance.

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