Target Financial News

Asian shares were cautious on Friday as the escalating conflict in the Red Sea region sent oil prices surging, while slightly higher-than-expected U.S. inflation data did not dent investors' views on early and aggressive rate cuts in the U.S. and Europe.

BEIJING (Reuters) -China's consumer prices declined for a third month in December while factory-gate prices extended their prolonged slide, highlighting persistent deflationary pressures in an economy struggling to mount a solid recovery.

By Sudarshan Varadhan

Houthi movement in Yemen, four U.S. officials told Reuters on Thursday, the first strikes against the Iran-backed group since it started targeting international shipping in the Red Sea late last year. A Houthi official confirmed «raids» across the country, including in the capital Sanaa along with the cities of Saada and Dhamar as well as in Hodeidah governate, calling them «American-Zionist-British aggression.»

Houthi rebels in Yemen amid growing crisis in oil-rich West Asia, thereby escalating a conflict in response to a string of attacks that have disrupted commercial shipping in the Red Sea. Notably, the spill over from the war between Benjamin Netanyahu's Israel and Hamas fighters in Gaza had been flagged repeatedly by US when Tel Aviv began a relentless airstrike campaign in the densely populated Gaza Strip.

Buy or sell stocks for today: Following strong global market sentiments ahead of the US inflation data release, the Indian stock market finished higher after trading range-bound throughout the Thursday session. The Nifty 50 index added 28 points and closed at the 21,647 level, the BSE Sensex went up 63 points and closed at the 71,721 mark while the Bank Nifty index ended 77 points higher at the 47,438 level.

The number of new class-action lawsuits involving 401(k) plans dropped last year, but settlements in that line of litigation reached a record high.

Factory workers at Tesla have been told to expect pay raises this year

Apple TV and Major League Soccer are expanding their collaboration, announcing Thursday that the looming MLS season will be chronicled in a new all-access docuseries similar to the ones that have given fans a deep, different look at golf, auto racing a...

The amount of renewable energy installed around the world last year grew at its fastest rate in the past 25 years

Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one

A federal appeals court has directed a lower federal court to consider the merits of a challenge to Maryland’s first-in-the-nation digital advertising tax on First Amendment grounds

FOX Business’ Grady Trimble speaks with manufacturers in Iowa about their economic concerns less than a week away from the state’s caucuses.

NEW DELHI : Bavarian automobile maker BMW’s India branch, which encompasses the premium two-wheeler brand Motorrad, British premium hatch brand Mini and BMW’s passenger cars, clocked its highest sales in 2023, delivering just over 13,300 cars, a growth of 18% over sales in 2022, and 8,768 motorcycles, 20% more than 2022. However, what shone alongside the growth in sales of BMW’s new vehicles, is its growth in its used car sales, which grew 32% in 2023 to attain their best-ever levels.

Around this time a year ago, about 85% of economists and market analysts, including me, expected that the US and global economy would suffer a recession. Falling but still-sticky inflation suggested that monetary policy would grow tighter before rapidly easing once the recession hit; stock markets would fall, and bond yields would remain high. Instead, the opposite mostly happened.

Recent days in northern Europe have been marked by an onslaught of winter with negative temperatures, leading to a rise in natural gas consumption.

Indian Space Research Organisation (ISRO) chief S Somanath said the country will build a space station by 2035 and an Indian presence on the moon by 2040. The ISRO chief was speaking at the International Space Conference 2024 in Gandhinagar, Gujarat. Reflecting on the recent successes and the guidance provided by Prime Minister Narendra Modi, Somanath said the prime minister has always been a fervent advocate for the space endeavours of India.

₹14.7 trillion from the receipts made in the same time a year ago, finance ministry said on Thursday, showing strong tax buoyancy. Net direct tax receipts so far this year accounts for 80.61% of the total budget estimates for direct taxes for the current fiscal. The ministry said quoting provisional figures that corporate and personal income tax collections continue to register steady growth.

Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its two per cent target will likely remain a bumpy one.

Karnataka Chief Minister Siddaramaiah will launch the last of five Congress party’s guarantees on Friday: the Yuva Nidhi scheme offering a monthly dole to unemployed graduates and diploma holders. That is not news, though. It is the choice of the day and location for the launch that stand out. The Congress regime has chosen to launch the ambitious scheme on the birth anniversary of great Hindu monk Swami Vivekananda, celebrated across India as National Youth Day. And the place is Shivamogga, the city that hogged headlines in recent years for clashes between the two religious groups. Karnataka’s ruling party is clearly targeting two birds at a shot: the Congress leaders are out to prove they are no less Hindus as the party leaders have put forth Vivekananda’s portraits in all their social media campaigns, seeking to project the programme as a mark of respect to the Hindu religious scholar and philosopher.

Myanmar's armed ethnic groups and the government forces, said Army Chief General Manoj Pande on Thursday, adding the Indian military is «closely watching» the unfolding developments. At a press conference ahead of the Army Day, General Pande described the situation near the Indo-Myanmar border as «concerning» and some of the insurgent groups are feeling the pressure in the frontier region of that country and are attempting to enter Manipur. «The situation across the Indo-Myanmar border is something that we are closely watching,» he said.