Reports Financial News

Toy maker Hasbro is cutting about 1,100 jobs, or 20% of its workforce

SmileDirectClub is shutting down — just months after the struggling teeth-straightening company filed for bankruptcy protection

Ousted Fox News host Tucker Carlson has announced he is starting his own streaming network

Pressure is mounting on Hungary not to veto the start of European Union membership talks and the supply of economic aid to Ukraine at a pivotal EU summit this week

New Mexico is bracing for the possibility that a bonanza in oil income for the nation's No. 2 oil producing state will end if the world's thirst for oil falters

With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring

The U.N. Food and Agriculture Organization says that hunger remains a chronic problem in Asia

Stocks of oil marketing companies dropped on Monday as reports that the government may consider cutting retail fuel prices prompted traders to cut some of their bullish bets. Analysts said these stocks were overbought after the recent run-up but a reversal might be an opportunity to load up on some of them. Among oil marketers, Hindustan Petroleum fell 4.36%. Indian Oil and Bharat Petroleum both lost about 1%.

credit cards, debit cards and prepaid travel cards, found a survey conducted by card payment major Visa. The survey also found that around 10-12% of the respondents still use currency exchange, which means while using their cards they use cash too.

Infosys, India’s second-biggest technology outsourcing company by market value, has called upon employees to work from office at least three days a week and plans to soon make it mandatory after management requests to resume the normal office routine went largely unheeded, ET has learnt. The directive comes even as Infosys cofounder NR Narayana Murthy has made repeated references on70-hour work weeks to enhance productivity and economic growth.

Zomato plans to diversify into the catering business by leveraging its established network of restaurant partners as part of a broader strategy to service large orders, said a senior executive at the food delivery platform. The company is also looking to add more offerings to its loyalty programme, Gold, despite concerns about the potential impact on profitability, Rakesh Ranjan, chief executive for food delivery, said in an interview.

Shares of Oracle (NYSE:ORCL) dropped over 9% after-hours today following the announcement of the company's Q2 results. Oracle reported a shortfall in its quarterly revenue, attributed to a challenging economic environment and heightened competition in the cloud computing sector, impacting the demand for its cloud services.

By Aditya Soni and Helen Coster

Investing.com — The Dow closed higher on Monday, extending recent gains as investors looked ahead to a crucial week of market-moving events including fresh inflation data and the Federal Reserve's two-day meeting slated for Tuesday.

Automotive News reports Monday that Detroit automaker, Ford Motor (NYSE:F) has sent a memo to suppliers with plans to cut production on the company’s F-150 Lightning electric pickup truck by half in 2024.

More than half of financial advisors now say they prefer ETFs over mutual funds if the same strategies are available from their favorite asset managers.

David Kowach’s new firm, &Partners, continues to add management talent from his former employer, Wells Fargo & Co., where he was head of the brokerage group until 2019.

Myanmar owing to clashes between the Junta military and pro-democracy forces, the Manipur government has said that it is identifying illegal migrants/refugees across the state, including Kamjong and other places where recent reports suggested more people coming in from the neighbouring country. Following fresh fighting in Myanmar, hundreds of people have taken shelter in Kamjong which alone shares a 109 km border with Myanmar. A senior official, who did not want to be named, told ET, «Hundreds of refugees have entered Manipur. We are taking their biometric details.» Manipur BJP MLA Rajkumar Imo Singh took to social media about the issue and said: «Many have been asking if the state government has been identifying illegal migrants across the state.

Darkness retreats have become a trending topic on social media, particularly with Sky Cave Retreats offering this unique experience in southern Oregon. The retreat has garnered attention through Instagram videos, showcasing individuals removing their blindfolds and witnessing the outside world for the first time after days spent in complete darkness. Aaron Rodgers has endorsed the intense experience after his retreat in February. The darkness retreat involves individuals spending days in a cabin devoid of light, leaving them alone with their thoughts and emotions. Despite the emotional resonance depicted in these videos, mental health experts emphasize that the psychological effects of darkness retreats remain largely unstudied. Scott Berman, the founder of Sky Cave Retreats, also cautions that the experience is more challenging than it may appear on social media.

Pannun on the American soil, the Federal Bureau of Investigation (FBI) and the Central Bureau of Investigation (CBI) on Monday focused on improving coordination in combating transnational crimes, including reportedly Khalistani extremism. This was decided when FBI Director Christopher Wray met CBI Director Praveen Sood on Monday.

By Abigail Summerville