Target Financial News

By Huw Jones

sports bodies want urgent talks with the IOC about the risk of cuts in their revenue shares and medal events at the 2028 Los Angeles Games because cricket and other newcomers were added to the program. The International Olympic Committee last month approved cricket, baseball/softball, flag football, lacrosse and squash for 2028 and kept boxing, modern pentathlon and weightlifting — three sports whose status had been in doubt. The umbrella group of current Summer Games sports, known by the acronym ASOIF, said Monday the decision to increase to a record 36 sports «has raised several questions» among its members, who collectively shared $540 million of IOC-allocated money at each of the past two Olympics. Most Olympic sports got between $13 million and $17.3 million from the pandemic-delayed Tokyo Games in 2021. For some, that was about half their total income over four years. Adding four team sports in 2028 also is set to break the IOC's preferred limit of 10,500 athletes at a Summer Games and likely will put pressure on the core Olympic sports to cut their quotas of athletes or even medal events.

In the last bear market, crypto was still in the discovery phase as users were wondering whether blockchain assets are a legitimate long-term trend or just a fad that should’ve been sold at the top. This time, the top industry players, including Microsoft, Google and Reddit, are moving into Web3 products, and top banks such as JP Morgan and Franklin Templeton are testing the waters by settling transactions on-chain.

O'Leary Ventures chairman discusses inflation as the president touts Bidenomics, the «downsizing» of America and division on college campuses.

Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start.

By Kylie Madry

By Ananya Mariam Rajesh and Savyata Mishra

Investing.com — Plug Power (NASDAQ:PLUG) shares slipped in premarket U.S. trading, extending a steep loss posted on Friday, after Morgan Stanley slashed its share price target of the hydrogen fuel cell system developer in the wake of a going concern warning.

By Uditha Jayasinghe

The number of cryptocurrency investment scams reported by victims so far this year has risen by 23%, compared to the same period in 2022, notes the bank.The average amount lost by each victim of a crypto investment scam is £10,741, more than any other type of consumer fraud.The analysis found that 66% of all investment scams start on social media - with Instagram and Facebook the most common sources. This includes a mix of bogus ads, fake celebrity endorsements, and targeting through direct messages.The most common age range for crypto scam victims is 25 to 34 year olds, who make up a quarter of all cases.Would-be crypto investors typically make an average of three payments before they realise they have been scammed, taking around 100 days from the date of the first transaction before they report it to their bank.

India vs New Zealand, ICC World Cup 2023 semi-finals: The world of cricket is ready for another action-packed thriller as India again faces New Zealand in a World Cup knockout match. You don't need to be a cricket pundit to say that watching India vs New Zealand knockout matches is not for the faint-hearted. More than a billion fans remember Martin Guptill's amazing throw which dismissed MS Dhoni and dashed India's chances to win the 2019 World Cup semi-finals.

BSE Midcap index rose 0.10 per cent while the Smallcap index ended with a nominal loss of 0.01 per cent. Also Read: Mid, smallcap valuations stretched: Ashoka Buildcon, Colgate Palmolive, smaller IT stocks top bets Also Read: Excitement and worry as stock options trading booms in India Shares of Coal India (up 5.26 per cent), Eicher Motors (up 1.69 per cent) and Hindalco (up 1.11 per cent) ended as the top gainers in the Nifty 50 index. Also Read: Coal India share price hits 52-week high as brokerages raise target price on strong Q2 results Shares of SBI Life Insurance Company (down 2.26 per cent), Bajaj Finance (down 1.25 per cent) and Grasim Industries (down 1.24 per cent) closed as the top losers in the Nifty 50 index.

Also Read: China's spending on green energy is causing a global glut The Wall Street brokerage expects India's real economic growth to be 6.5% in 2023 and 6.3% in 2024 - the highest among large economies in the region, but slightly below the Indian central bank's target of 6.5% for fiscal 2024. The benchmark Nifty 50 jumped about 31% between March 2021 and October 2023, a period during which domestic investors remained net buyers each month, helping tide over sustained sales by foreign investors.

Stock market today: Despite weak market sentiments, Yes Bank shares are attracting strong buying interest during Monday deals. After opening flat during early morning session on Monday, Yes Bank shares attained bull trend all of a sudden and touched intraday high of ₹19.50 per share on NSE, logging near 6 per cent rise from its close price of ₹18.40 on NSE during Muhurat trading session on Sunday.

₹3,462 crore, indicating a 49% increase compared to the Q2FY23 revenue of ₹2,320 crore. However, on a quarter-on-quarter (QoQ) basis, it remained flat. The biosimilars segment contributed to this growth, with a 97% YoY increase to ₹1,969 crore in Q2 FY24.

Geojit Financial Services Dr Vijayakumar, who though feels that IT, mid caps will outperform large caps. Also Read- Mauritius-based FII buys stake in this multibagger energy stock Ambreesh Baliga, Independent market expert said that the momentum in the mid and small caps is keeping investors interested in the space. However the valuations are stretched now.

Rajasthan Chief Minister Ashok Gehlot has claimed that those behind Udaipur tailor Kanhaiya Lal's murder last year were "BJP people", who had been freed from police detention days before the incident under the party's pressure. He levelled the charge during a meeting here on Sunday with Congress leaders and workers ahead of the November 25 Rajasthan assembly polls.

Investing.com -- U.S. futures pointed into the red on Monday, with markets gearing up for a week of major economic data that could help determine the path ahead for Federal Reserve interest rate policy. Meanwhile, big-box retailers like Home Depot (NYSE:HD) and Target (NYSE:TGT) are due to unveil their latest results in the coming days, as consumer sentiment darkens ahead of the key holiday shopping season.

The Transport Workers Union has ratcheted up pressure on Virgin Australia over pay agreements as the airline resumes plans to re-list, with another group of workers raising the prospect of strikes before Christmas.

While there has been a lot of focus on Australia’s critical minerals strategy and our ambitions of becoming a renewable energy superpower, there are other key materials required in the global drive to decarbonise that bring their own opportunities and challenges.

Rising interest rates are damaging investment sentiment, curtailing the number of infrastructure assets auctions, leading to some investors to say that they are “taking a breather” from dealmaking.