Experts Financial News

The OPEC oil cartel and allied producers have made another big swipe at propping up lagging crude prices

Three members of Congress are asking the U.S. Justice Department to investigate how hackers breached a water utility system near Pittsburgh

In this article

The share of workers being called back to the office has flatlined, suggesting the pandemic-era phenomenon of widespread remote work has become a permanent fixture of the U.S. labor market, economists said.

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership and using family money for home down payment.

MUMBAI : The Indian Institutes of Technology (IITs) are bracing for a sobering placement season. For the thousands of to-be engineers in the class of 2024, the number of hirings is likely to taper, even while salaries may not fall much. “This year, we added more companies, but there is a 20% dip among the regular recruiters since many say they had over-hired last year.

Reliance Jio Infocomm, claimed that the operator contributed to “85% of the overall 5G capacity in the country." Sunil Bharti Mittal, chairman of Airtel’s parent firm, Bharti Enterprises, added that the operator already covers “5,000 districts and 20,000 villages" across India, and aimed to cover all circles of the country by March next year. Vodafone-Idea, the third of three private telecom operators in the country, also announced at the time that it will “initiate significant investments in order to roll out 5G networks and further expand 4G coverage across the country." The expansion of 5G networks in India comes in line with global 5G network expansion.

Bank of America has been fined $24 million after two former traders placed phony "spoof" trades to try to influence the market for U.S. Treasuries, the Financial Industry Regulatory Authority said on Thursday. Spoofing involves placing orders traders intend to cancel, hoping to create a false sense of market activity that moves prices in a direction they favor, and induce transactions that other traders would otherwise would not make. FINRA said a junior trader and his supervisor at BofA Securities conducted 717 spoof trades between October 2014 and February 2021. It also faulted the oversight system of the second-largest U.S.

Integrated Partners, a $12.7 billion national registered investment advisor, has linked up with California-based accounting and advisory firm Windes to launch a new wealth management business.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 55% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Senator Elizabeth Warren emphasized the growing danger of cryptocurrency scams targeting seniors. Steve Weisman, a cybersecurity expert, supported Warren's proposed Digital Asset Anti-Money Laundering Act, aimed at curbing these scams.

Explore Wall Street's expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This Cyber Monday, enjoy up to 60% off, plus an extra 10% off a 2-year subscription with the code research23 , reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

Finance Secretary T V Somanathan on Thursday said the Terms of Reference of the 16th Finance Commission have been kept short to give the panel more freedom to arrive at their recommendations after hearing out stakeholders. The Union Cabinet, chaired by Prime Minister Narendra Modi, earlier this week approved the Terms of Reference (ToR) of the 16th Finance Commission, which will make recommendations for the five-year period beginning April 1, 2026.

GDP numbers driven by a strong rebound in the manufacturing sector suggest that private capex spending is gaining steam, experts said. India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday.

₹8.03 trillion, or 45% of the annual estimates of ₹17.87 trillion, according to the data released by the Controller General of Accounts on Thursday. In comparison, the fiscal deficit for April-October of the previous fiscal stood at ₹7.58 trillion, or 45.6% of the annual estimates of ₹16.61 trillion. The widening of the fiscal deficit during FY24 was due to a jump in government spending to fuel economic growth, but this was to an extent offset by higher tax receipts and an increase in non-tax revenue.

oil-supply cuts to go alongside Saudi Arabia’s much-anticipated extension of its voluntary reduction of the same size. Members have agreed to this in principle and it now goes to a vote at the meeting, delegates said, asking not the be named because the information was private. The deal fulfills what delegates had said were Riyadh’s goals for the meeting. More than a week of preparatory talks appeared to have overcome internal disagreements over some members’ production quotas. Oil rose 1.3% to $84.16 a barrel as of 2:56 p.m.

United Arab Emirates to deliberate on the impact of climate on the planet. This time the focus is on the 2.7 degrees Fahrenheit. It may be mentioned that the Paris Agreement was signed by 196 countries in 2016.

The pick up in the index of eight core industries, which constitutes 40% of the index of industrial production, will likely lift IIP growth, which dipped to 5.8% in September, say experts. “IIP growth for the month would tend to be in the 6-8% range provided support comes from consumer goods where there are mixed pictures being seen in the run up to the festival season,” said Madan Sabnavis, chief economist, Bank of Baroda. Vehicle sales were up 19% in the 42-day festive season, with two-wheeler sales, an indicator of rural demand, driving growth. Two-wheelers recorded 21% growth, according to Federation of Automobile Dealers Associations (FADA). The core number further provides support to India’s growth momentum, which was reinforced by second quarter GDP data.

BSE Sensex rose nearly 100 points while the Nifty50 closed above 20,100 levels. Sectorally, buying was seen in healthcare, consumer durables, realty and capital goods stocks while utilities and banks saw some selling pressure. Stocks that were in focus include names like Gail India which was up more than 4%, Metro Brands closed with gains of over 2% to hit a fresh high and BSE which rose more than 2% to a fresh high on Thursday. We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what analyst Kush Ghodasara, CMT, SEBI RA: INH000002137 had to say: GAIL India The stock saw some enormous volume on Thursday and has managed to cross and close above 131, which was acting as strong support for the last few weeks. Technical indicators have not yet arrived at the overbought zone, which signals a fresh buy with trailing stop loss at Rs 126 for a target of Rs 143. Metro Brands The stock has been in a dream run as it is trading with support of 5 & 10 day average which is at Rs 1310 as now. On Thursday, we saw an inverted hammer kind of pattern and a new high, which suggests a trend reversal is in place if the next support is breached. Traders can avoid fresh positions but keep a strict stop loss for existing longs at Rs 1310. BSE Ltd The stock has been trading around the 10-Day average since the low in April 2023 at RS 450.

Winter is almost here, meaning the year's coldest temperatures aren't far off.

₹3 lakh recently for his mother Preeti Khona’s dental treatment. That sum covered the costs of five dental implants and three dental bridges and crowns, all done in a span of two months and several sittings. Delhi-based Ganesh Jha says he paid ₹75,000 for dental implants at a clinic in his hometown, Chandigarh.