Target Financial News

By Prerana Bhat

Investing.com — The Dow closed lower Wednesday as Nvidia continued to weigh on tech for a second-straight day and rising Treasury yields continued put the squeeze on stocks.

Investing.com — The S&P 500 fell Wednesday as Nvidia continued to weigh on tech for a second-straight day ahead of quarterly results from Netflix (NASDAQ:NFLX) and Tesla (NASDAQ:TSLA) after markets close. 

Federal Reserve Chair Jerome Powell is set to deliver what could be a key policy address Thursday, in which he will be tasked with convincing markets the central bank is committed to keep hammering away at inflation, but perhaps now needs a little less force.

Loyalty program operator Air Miles has announced an exclusive partnership for hotels and vacation rentals with Expedia Group Inc. as part of its of newly launched travel booking platform.

Indian Air Force (IAF) successfully tested the BrahMos supersonic cruise missile. This achievement illustrates the IAF's expanding capabilities in strengthening India's military capabilities. The BrahMos missile, noted for its supersonic speed and precision, was fired from a Sukhoi fighter jet, demonstrating the IAF's capacity to deploy long-range BrahMos cruise missiles.

By Deborah Mary Sophia

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a buy initiation at Arm Holdings, and upgrades at Nkarta, Elastic , and Hudson Pacific Properties.

stock exchanges, the Securities and Exchange Commission (SEC) is set to propose a proposal targeted at eliminating pricing practices that have typically benefitted larger broker-dealers. This plan, which will be voted on during a public hearing in Washington, seeks to limit the practice of stock exchanges giving lower transaction fees and incentives to brokerages with bigger trading volumes, a practice that has historically given larger businesses an unfair competitive advantage. The SEC's motivation behind this initiative is to address the intricate and unequal pricing tiers that exist among various exchanges, often resulting in substantial cost discrepancies for different brokerages. These current pricing structures, as outlined by SEC officials, have evolved into complex systems that prove challenging for market participants to decipher. One of the key purposes of this new regulation is to prevent conflicts of interest that arise when brokerages execute orders in a way that prioritizes their own interests above the interests of their clients.

Wall Street’s third quarter earnings season kicks into high gear this week, with some of the biggest names in the market set to report their latest results.

Sectorally, buying was seen in healthcare and auto stocks while power, banks, the public sector, and utilities sectors saw some selling pressure. Stocks that were in focus on Wednesday include names like IRB Infrastructure (which was up more than 6%), Triveni Engineering (which gained more than 3% to hit an all-time high), and Suzlon Energy (Which rose nearly 5%). We have collated a list of these three stocks as they have either hit a fresh 52-week high, or an all-time high or saw a volume or price breakout. We spoke to analyst Hariprasad Kizhakkethara on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what Kizhakkethara, SEBI Registered RA (INH200009351), Director of Livelong Wealth has to say: IRB Infrastructure On Wednesday, the stock went up to 6.5% in a single day.

USD/JPY, one of the year’s favorite currency plays, could be on track to a 36-year high in favor of the US dollar, though the Japanese component of the pair could regain some strength in the near term.

By Elwely Elwelly and Ahmad Ghaddar

Some stocks have consistently outperformed the S&P 500 index over the past five fiscal years, with a particularly strong showing in the last quarter of the year.

Raj Kundra, recently admitted that facing a very public trial for filming porn did a number on his mental health. Kundra, who is married to Bollywood diva Shilpa Shetty, recently made his silver-screen debut with the biographical film ‘UT 69’. During the trailer launch of the movie, the entrepreneur broke down in tears and requested the media not to target his family.

Recent weeks have seen increased volatility in equity markets, primarily influenced by evolving expectations regarding Federal Reserve policy rates and geopolitical factors following the Israel-Hamas war.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Lucid Group, Gold Fields, ArcelorMittal, and Sociedad Quimica y Minera de Chile.

Investing.com — U.S. futures slipped lower Wednesday, as investors digested heightened geopolitical tensions in the Middle East as well as the ongoing quarterly earnings results.

In recent weeks, the Middle East has plunged into its most significant conflict in decades. The catalyst for Israel's military action was a series of brutal Hamas terrorist attacks and rocket fire, primarily affecting civilians.

asset management firm Neo Group has raised $35 million as part of its latest round of funding from Peak XV Partners. The round marks one of the bigger growth cheques that Peak XV has written this year after separating from its US-franchise Sequoia Capital, amidst an ongoing funding winter.

Narendra Modi, on Wednesday approved the project on Green Energy Corridor (GEC) Phase-II — Inter-State Transmission System (ISTS) for 13 gigawatt renewable energy project in Ladakh. The project is targeted to be set up by financial 2029-30 with a total estimated cost of Rs 20,773.70 crore and central financial assistance at 40 per cent of the project cost — Rs 8,309.48 crore. Keeping in view the complex terrain, adverse climatic conditions and defence sensitivities of the Ladakh region, Power Grid Corporation of India Limited (POWERGRID) will be the implementing agency for this project. The transmission line for evacuating this to-be-produced power will pass through Himachal Pradesh and Punjab up to Kaithal in Haryana, where it will be integrated with the national grid. An interconnection is also planned from this project in Leh to the existing Ladakh grid so as to ensure a reliable power supply to Ladakh. «It will also be connected to the Leh-Alusteng-Srinagar line to provide power to Jammu and Kashmir.