Fall Financial News

Whirlpool of India Ltd reported a 10.6% drop in first-quarter profit on Monday, impacted by softer demand. The company, known for its refrigerators, washing machines and air conditioners, said consolidated net profit for the three months ended June 30 fell to 748.8 million rupees ($9.05 million) from 837.3 million rupees a year earlier.Revenue fell 2% to 20.39 billion rupees, hurting the company's operating profit metrics.

Indian Oil Corporation Ltd. traded 0.1 per cent down at Rs 92.24 on Monday at around 12:38PM (IST), while the benchmark BSE Sensex advanced 190.63 points to 65911.88. As many as 401,515 shares changed hands on the counter with a total value of Rs 370.0 crore.

Gold prices firmed on Monday after a slower-than-expected U.S. job growth data knocked the dollar and bond yields off their recent highs, as investors brace for this week's inflation test that could influence the Federal Reserve's policy path. FUNDAMENTALS * Spot gold was steady at $1,942.33 per ounce by 0130 GMT, off an over three-week low hit in the last session.

unemployment rate was at a historically low level of 3.5%, below June’s 3.6% figure. MSCI’s broadest index of Asia-Pacific shares outside Japan traded little lower. The index lost 2.3% last week.

Apple on Thursday reported 2.3% growth in profit at $19.9 billion for the fiscal third quarter as strong performance in the services segment offset a dip in iPhone sales. Its sales declined 1.4% for the fiscal third quarter ended July 1 at $81.8 billion and earnings per share rose 5% to $1.26.

Stocks that traded heavily or had substantial price changes on Friday: Amazon, Booking Holdings rise; Apple, Monster Beverage fall

Investing.com — U.S. futures steadied Friday, as investors digested some key tech earnings ahead of the release of the widely-watched official monthly jobs report.

According to Cointelegraph, Ethereum gas consumed by non-fungible tokens (NFTs) dropped significantly after it saw an increase in its rate in 2021.  It is expected that the NFT marketplaces and projects which had occupied top spots in gas consumption earlier saw a decline in the past two years.

Tradecurve. While market analysts are forecasting a potential dip for Bitcoin by September, Tradecurve is making waves during its presale phase with an impressive 150% pump. But what is driving this opposing trend? Let's find out.

Siemens Ltd. slipped 0.19 per cent to Rs 3787.05 in Friday's trade. It hit a high of Rs 3827.55 and low of Rs 3773.25 during the session.

jobless benefits increased slightly last week, while layoffs dropped to an 11-month low in July, labor department report showed. A separate report showed that the US services sector slowed in July. Investors will now focus on the jobs report for July that is due on Friday.

jobless benefits increased slightly last week, while layoffs dropped to an 11-month low in July, labor department report showed. Jobs report for July is due on Friday. A separate report showed that the US services sector slowed in July.

₹10 trillion capex announced in the budget. ₹2,000 crore:That’s the amount of late submission fee the Reserve Bank of India (RBI) has slapped on ONGC Videsh Ltd, Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd for delayed reporting of their overseas investments, Mintreported.

Following a quarter in which it began cutting 1,300 positions, shuttered six radio stations and closed two foreign news bureaus, BCE Inc. says more cost restructuring could be in store in response to declining ad revenue and regulatory hurdles.

Stocks that are trading heavily or have substantial price changes on Thursday: Clorox, Wayfair rise; Hyatt Hotels, Host Hotels & Resorts fall

₹1,729 crore during Thursday's session. As per the NSE data, FIIs cumulatively bought ₹11,379.30 crore of Indian equities, while they sold ₹11,696.76 crore --- resulting in an outflow of ₹317.46 crore.

Investing.com — U.S. futures retreated Thursday, with investors awaiting more labor market economic data as well as quarterly results from tech giants Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN).

The XRP price has dropped by 4.5% in the past 24 hours, falling to $0.663825 as the cryptocurrency market overall slides by 1% today.

layoffs in July than the year before, marking the first year-over-year decrease in more than a year and bolstering prospects that a resilient labor market will help the economy avoid a recession. U.S.-based employers announced 23,697 job cuts in July, a 42% drop from the number of layoffs announced in June and an 8% decrease from July 2022, according to a report released on Thursday by employment firm Challenger, Gray & Christmas. It was the first year-over-year decrease since May 2022, and July also had the fewest announced layoffs since August of last year. The Fed's aggressive interest-rate hiking campaign that kicked off in March 2022 led many economists to forecast that it would eventually trigger a recession — and accompanying large-scale job losses — a conviction that picked up momentum as 2023 began. Indeed, the year began with a flurry of layoffs announced through the first quarter. So far this year there have been more than three times as many announced job cuts compared with last year: 481,906 job cuts announced in the first seven months of 2023 compared with 159,021 through the same period in 2022. But that trend appears to be nearing an end. On the whole, employers have continued to add jobs throughout the year and the labor market has consistently outperformed economists' expectations that the Fed's 525 basis points of interest rate hikes would drive the unemployment rate up.

US bonds yields and dollar weighed on stock market sentiment. US stocks futures and top European markets were in the red when the Sensex closed as fresh macroeconomic data in the US showed the resilience of the economy and raised concerns that the Fed will extend its monetary tightening policy. "US Treasury yields after stronger-than-expected private employment data and the announced refunding of the US government's maturing debt.

Australian law firms are following the global trend of flat profits in the legal industry, with partner pay expected to fall for the first time in seven years due to an explosion in expenses.