COST Financial News

₹127.55 apiece. The stock has stayed pretty much range-bound after plunging 8% when the Q4FY23 results were issued in early May.

NEW DELHI : Manufacturing activity last month fell for the first time since February 2023 but, supported by rising demand for Indian-made factory products, still notched up the year’s second-fastest rate of expansion, a private survey on Monday said. S&P Global said on Monday that India’s purchasing managers’ index (PMI) for manufacturing fell to 57.8 in June, down from 58.7 in May. A figure of 50 separates expansion from contraction.

Head-to-head competition with Tesla is a bullet that old-school automakers are still largely dodging in the U.S., but it is only a matter of time before they get hit. The electric-vehicle pioneer said Sunday that it delivered 466,140 Teslas in the second quarter, a record and around 24,000 more than analysts polled by FactSet forecast. The stock was up about 5% premarket as investors saw a sign that Chief Executive Elon Musk’s price cuts earlier this year are bearing fruit.

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A Supreme Court ruling Friday adds urgency to budgeting and financial planning decisions for clients who owe money on student loans, investment advisors said after the court released its decision.

The Supreme Court tossed out President Joe Biden’s plan to slash the student debt of more than 40 million people, rejecting one of his signature initiatives as exceeding his power.

Forget location, location, location. Parents leaving a treasured holiday home to kids and grandkids have three more important things to worry about if they hope to avoid years of family in-fighting and legal battles.

An SEC report showing more than half of investment advisors use mandatory arbitration clauses in client agreements still leaves much unknown about potential investor harm, lawyers and an advisor said Thursday.

Rivian Automotive on Monday beat Wall Street expectations for quarterly deliveries on stable demand for its electric vehicles, sending the company's shares up 10% in early trading. Amazon-backed Rivian has been struggling to lift output, pressured by supply-chain disruptions and a price war started by market leader Tesla.

Sri Lanka was forced to repatriate the Thailand-born elephant to its birthplace.Muthu Rajen landed in Thailand on a special reparation flight, for which a whopping amount of USD 4,25,000 was spent. He was airlifted in a specially-made steel cage to Chiang Mai. Four Thai handlers and one zoo keeper accompanied Muthu on his flight to his birthplace. The Thai Royal family gifted three elephants, including Muthu Rajen to Sri Lanka in 2001. They were to be trained so that they could help perform Buddhist religious rituals. But the animal rights groups allege that the elephant was forced to carry heavy logs in the temple. It developed a stuffed leg. Sri Lanka-based Rally for Animal Rights and Environment raised the issue of neglect and bad treatment to Muthu Rajen with the Thai authorities and asked them to take the elephant back to save it. When the Thai ambassador visited Muthu at the temple, he was in pain and covered in abscesses. At the request of the envoy, Muthu was shifted to Sri Lanka National Park. Talking to the journalists, Sri Lanka wildlife minister Pavithra Wanniarachchi said that the Thai authorities were adamant about taking Muthu Rajen back due to the harsh treatment it received. Ultimately, the elephant returned to its birthplace.

Non-bank lenders Victorian Mortgage Group, Pepper Money and Bluestone have some of the most delinquent mortgage books in Australia, with arrears over or near 5 per cent as rate rises exert further pressure on households.

Ramelius Resources, the operator of the Mount Magnet gold mine, is expanding with a buyout offer for Musgrave Minerals, which is developing a project in the same region in Western Australia.

If you don’t take advantage of your employer’s 401k matching offer because your health insurance premiums eat up all the paycheck you’re willing to part with, you’re not alone, according to a new study.

Shortening the time it takes to settle a trade might have helped smooth out the volatile ride investors took on GameStop trading last month, Robinhood CEO Vlad Tenev told the House Financial Services Committee last week.And now, it appears one of Wall Street’s major clearing firms agrees.

Kids may learn how to save, spend, and share, thanks to programs like “Sesame Street,” but Greenlight Financial is adding one more important lesson into the mix: investing. The fintech company behind the parent-managed debit card and app for kids launched its newest plan Thursday, Greenlight Max, which focuses on teaching children how to invest.

Markets are mixed today ahead of more earnings from some of the world’s biggest companies. This week could be one of the busiest this earnings season, with a third of S&P 500 companies set to report earnings. Investors will pay particular attention to the tech sector, with Apple, Google parent Alphabet, Meta, Amazon, and Microsoft all reporting this week. Their results could give insight into how they have been performing in this rising interest rate environment. 

Stocks are down, bonds are down, and as a result, retirement savings for young and old alike have taken a brutal hit—but experts say there are ways to get back on track.

After feigning a recovery over the past few weeks, the S&P 500 Index moved into bear territory Monday as concerns about inflation and higher interest rates heightened fears that a recession is on the horizon.