Target Financial News

General Motors is facing a U.S. Justice Department investigation into a gruesome collision that critically injured a pedestrian and derailed its self-driving car ambitions

The Federal Reserve’s preferred inflation gauge cooled further even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship

Yemen’s Houthi rebels have launched a missile at a U.S. warship patrolling the Gulf of Aden, forcing it to shoot down the projectile

New Jersey’s public transit agency is scrapping plans for a backup power plant that would have been fueled by natural gas, heartening environmental justice advocates who targeted it and several other proposed power plants in largely minority areas

Federated Hermes chief equity market strategist Phil Orlando discusses his expectations for the path of inflation this year.

₹50,000 crore into highway building in the current fiscal as it chases a record 13,800-km target, despite slow construction across much of the year. The Union budget for FY24 had granted ₹2.6 trillion for the ministry of road transport and highways (MoRTH) for road construction. The additional amount will be used to build new roads, pay for projects awarded earlier, and acquire land.

Investing.com — Underlying U.S. price growth rose by 0.2% as expected in December, a rate that, if sustained, many economists believe could help cool inflation back down to the Federal Reserve's target.

J.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ:TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.

Taylor Swift and politicians expressed outrage on Friday at AI-generated fake porn images that went viral on X and were still available on other platforms. One image of the US megastar was seen 47 million times on X, the former Twitter, before it was removed Thursday. According to US media, the post was live on the platform for around 17 hours.

₹50,000 crore into highway building in the current fiscal as it chases a record 13,800-km target, despite slow construction across much of the year. The Union budget for FY24 had granted ₹2.6 trillion for the ministry of road transport and highways (MoRTH) for road construction. The additional amount will be used to build new roads, pay for projects awarded earlier, and acquire land.

A 40-year-old Russian developer of Trickbot ransomware has been sentenced to a five-year prison term, according to the US Department of Justice (DoJ).

Stifel raised the AMD (NASDAQ:AMD) price target to $200 from $170 per share on Friday, with analysts maintaining a Buy rating on the stock in a note.

Shares of American Airlines (NASDAQ:AAL) advanced 1.2% in premarket trading Friday after the US carrier received two upgrades from Seaport and TD Cowen analysts.

Sony’s India arm, but there is a new threat for the company, given the precariously low promoter holding in the Indian broadcaster, per a TOI report. Punit Goenka, the Managing Director and CEO of Zee owns a 4 per cent stake in the company. A merger between Sony and Zee would’ve created a $10 billion broadcasting entity, India’s largest. Rules say that any person with or without holding any shares in a listed target company, may offer to acquire shares of the entity subject to a minimum offer size of 26 per cent. Furthermore, any shareholder or group of shareholders holding at least 10 per cent in a listed company may move a resolution to change its directors. Zee's major institutional investors include ICICI Prudential Mutual Fund (7 per cent), Nippon India Mutual Fund (6 per cent), HDFC Mutual Fund (5 per cent), and LIC (5 per cent). Sony Pictures Network India, now known as Culver Max Entertainment Private Ltd, had signed an agreement to merge with Zee in December 2021.

Investing.com-- Most Asian stocks retreated on Friday as a stimulus-driven rebound in Chinese shares stalled, while Japan’s Nikkei 225 slid further away from 34-year highs as growing bets on a Bank of Japan pivot spurred more profit-taking.

Punjab Chief Minister Bhagwant Mann Friday again hit out at the Centre over the non-inclusion of the state's tableau in the Republic Day parade in Delhi, saying the occasion cannot be imagined without a state that has made countless sacrifices for the motherland. Addressing a Republic Day function in Ludhiana, Mann said the tableaus which were «rejected» by the Centre were on Friday included as part of the parade in the state.

Fighter," featuring Hrithik Roshan and Deepika Padukone, commenced on Thursday with a decent start. As per early estimates reported by Sacnilk, “Fighter" garnered a net income of 22.00 crore in India on its inaugural day across all languages.

K Satyanarayana Raju, MD & CEO, Canara Bank, says they have grown CASA at 5.05%, but in the current quarter whatever growth they targeted for deposits, the same growth they want reflected in the CASA also, so that CASA growth year-on-year at least will touch 8% while deposits will grow at 8-8.5%. Raju further said, “Our only concern is CASA is not growing the way the other deposits are going. That is why there is a special campaign that we have started from 1st January onwards with special incentives to all the outlets.”

Microsoft's Threat Intelligence team, stating that the group has been targeting various organisations. Microsoft has initiated notification processes for the targeted entities. Also Read | FTC launches inquiry into artificial intelligence deals such as Microsoft's OpenAI partnership Recent developments suggest that Midnight Blizzard's activities extend beyond Microsoft.

shares jumped nearly 13% to a more than 10-year high on Thursday after the company reported a better-than-expected revenue outlook backed by strong demand for its artificial intelligence (AI) services. Orders from IBM's generative AI business, which includes bookings and sales from services such as those powered by its Watsonx AI platform, doubled in the fourth quarter and are expected to help its revenue grow by around 4%-6% in 2024, the company reported late on Wednesday. Consulting firms and software companies, including Germany's SAP SE, account for much of IBM's AI-related bookings, IBM Chief Financial Officer James Kavanaugh told Reuters. IBM shares rose to a peak of $196.89, their highest since June 2013, adding about $20 billion to the company's market capitalization.

Bajaj Auto gained 5.2% in a weak market on Thursday after the company’s profitability in the third quarter was higher than expected. Most brokerages upgraded their price targets on the stock after the results.