COST Financial News

27.07 / 05:25

COST Target Booking Progressive AXY performer share price Axis Bank share price rises after Q1 results; Should you buy, sell or hold? Check out what brokerages say

Axis Bank share price gained over a percent on Thursday after the private sector lender reported stable performance in the fiscal first quarter ended June 2023. Axis Bank shares rose as much as to ₹apiece on the BSE. The private lender reported a 41% year-on-year (y-o-y) increase in net profit for Q1FY24, driven by higher net interest income and fee income.

27.07 / 05:23

COST Compilation Pool country The harsh truth: We're using more oil than ever

demand? Not yet. Maybe one day, perhaps even soon, around 2030. For now, however, the global economy still runs on oil.

27.07 / 05:15

COST Target Booking Fighting Strategy BlackRock Analysis-US bond investors brace for shift in market as rate peak elusive

By Davide Barbuscia and David Randall

27.07 / 05:03

COST UPS Barrett show Jarden turns a profit after logging $71m in revenue

Jarden logged $71 million in firm-wide revenue for its first quarter ended June 30, a sharp turnaround from March when expenses weighed on the New Zealand-headquartered firm.

27.07 / 04:39

COST Provident Target Manufacturing performer track share price Cipla share price jumps over 8% after robust Q1 performance; brokerages raise target price

Cipla share price rallied more than 8% in the early trade on Thursday after the pharma company reported robust earnings for the first quarter of FY24. Cipla shares jumped as much as 8.82% to ₹1,163.00 on the BSE. Drug major Cipla posted a 45.1% rise in its consolidated net profit in Q1FY24 at ₹995.7 crore as compared to ₹696.4 crore in the corresponding quarter of the last year.

27.07 / 04:39

COST UPS Target Digital SENSEX performer share price Bajaj Finance share price rises over 2% after Q1 results; should you buy it?

₹7,596.95 against the previous close of ₹7,431.05 and rose over 2 per cent to ₹7596.95. Shares of Bajaj Finance have risen almost 19 per cent in the last one year against a 21 per cent gain in the equity benchmark Sensex.

27.07 / 04:39

COST Progressive Dreams Marvell show ‘Overconfidence’, ‘arithmetical inevitability…’: PM faces backlash over ‘Modi ki guarantee’ comment

Narendra Modi faced much criticism for his ‘yeh Modi ki guarantee’ comment where he stated that during the third term of BJP-led NDA, India will be among the top three economies in the world. "In our first term, when people gave me the responsibility, we were "dus numbri" (10th position) in the world economy. In the second term we are in 5th position but in my third term, India will be among the top three economies in the world...Yeh Modi ki guarantee hai.

27.07 / 04:39

COST UPS Nestle Colgate show Nestle India Q2 results: Net profit likely to rise 26.6% to ₹690 crore; revenue growth seen at 15.7% YoY

Nestle India is set to report its earnings for the April-June quarter of 2023 on Thursday. The FMCG major is expected to show decent earnings growth with improvement in margins during the quarter. The demand momentum for consumer companies improved in the April-June quarter with the urban market leading the charge and rural showing signs of recovery too.

27.07 / 04:27

COST UPS Progressive CEO Southern Union Pacific hires CEO favored by hedge fund as profit falls 15% last quarter on weakening demand

Union Pacific has hired the CEO candidate favored by a hedge fund that's been pressuring the railroad to improve

27.07 / 04:27

COST Digital SEC CEO SEC rule New SEC rule requires public companies to disclose cybersecurity breaches in 4 days

The Securities and Exchange Commission has adopted rules to require public companies to disclose within four days all cybersecurity breaches that could affect their bottom lines

27.07 / 04:27

COST CEO Gap Entertainment Mattel Executive Gap taps Mattel executive as its next president and CEO. The appointment caps a yearlong search

Gap Inc. has tapped a top Mattel executive who re-energized Barbie and Hot Wheels to be its next president and CEO

27.07 / 04:27

COST Progressive CEO Airlines Boeing performer plane Lost Boeing lost $149 million last quarter as the plane maker pushes ahead with production increases

Boeing is reporting a $149 million loss for the second quarter despite higher revenue, as the plane maker struggles with higher costs in both its airline and defense business

27.07 / 04:27

COST Action Actor show stage bass California Gov. Gavin Newsom offers to help negotiate Hollywood strike

California Gov. Gavin Newsom has offered to help negotiate an end to the strikes that have hobbled Hollywood

27.07 / 04:27

COST UPS Target Ripple track folk Reserve Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up

The Federal Reserve’s decision Wednesday to raise interest rates for the 11th time could once again send ripple effects across the economy

27.07 / 04:27

COST UPS Career Gap cover social Biden chooses former Maryland Gov. Martin O'Malley to lead the Social Security Administration

President Joe Biden has nominated former Maryland Gov. Martin O’Malley to lead the Social Security Administration

27.07 / 04:23

COST Citizens JPMorgan Fighting Chase reserves US regulators US regulators to unveil plan for banks to build cash reserves

By Pete Schroeder

27.07 / 04:23

COST Provident EBAY Platform fall Ebay's higher investments weigh on profit forecast, shares fall

EBay forecast third-quarter profit below market expectations on Thursday as the e-commerce platform spent more to bolster categories such as auto parts, refurbished goods and collectibles, sending its shares down 4.5% after the bell. The company had in June acquired Certilogo, a provider of AI-powered apparel authentication, and bought trading cards marketplace TCGplayer last year.

27.07 / 04:09

COST UPS Citi Target track HKMA HKMA ups rates, matching Fed, says banks' bad loans remain steady

HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 25 basis points to 5.75%, the highest in 16 years, hours after the U.S. Federal Reserve delivered a rate hike of the same margin.

27.07 / 04:07

COST UPS Provident Target FIVE RIO Fortescue aims for fifth consecutive export record

Fortescue Metals expects to set a fifthconsecutive iron-ore export record in the year ahead, after beating analysts’ estimates and delivering to the top end of its target for the year to June 30.

27.07 / 03:07

COST UPS Target week Gold Prices Gold prices hovers near week-high after Fed Chair Powell's statement

Gold prices held near their highest levels in a week in early Asian trading on Thursday after the U.S. Federal Reserve delivered a widely expected interest rate hike and investors digested fairly balanced comments from Chair Jerome Powell.FUNDAMENTALS * Spot gold was up 0.2% at $1,975.05 per ounce by 0114 GMT, its highest since July 20. * U.S.

27.07 / 03:07

Facebook COST Target Google Racing performer Facebook parent Meta sees advertising jump, tops Wall Street targets

advertising revenue, topping Wall Street financial targets for the second quarter and forecasting third-quarter revenue above market expectations. The results from Meta, Facebook's parent company, come a day after a strong performance from Alphabet's Google and make the case that consumers, and the advertisers eager to reach them, are spending despite broad economic concerns. Still, the company also forecast that expenses would rise in both 2023 and 2024, citing costs including legal fees and increased spending on infrastructure considered key to the tech sector's feverish AI race.

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