Target Financial News

Michael Lee Strategy founder Michael Lee joins Varney & Co. to discuss whether the looming government shutdown or the UAW strike will impact the stock market.

MonetaryMacro.com CIO Joseph Wang argues while headline inflation has cooled, core inflation remains stuck above the Fed's target on 'Making Money.'

Auto workers have expanded their strike against major carmakers, walking out of 38 General Motors and Stellantis parts-distribution centers in 20 states

FTC) will file a long-awaited antitrust lawsuit against Amazon in federal court as soon as Tuesday, news site Politico reported on Friday, citing three people with knowledge of the matter. The FTC has been preparing the complaint since at least the start of this year, targeting an array of Amazon's business practices, according to the report, which said the exact details of the lawsuit were not known.

Governments, organizations and businesses have set ambitious goals to combat climate change

United Auto Workers said on Friday the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis plants in 20 states.Ford was spared additional strikes because the company has met some of the union's demands during negotiations over the past week, said UAW President Shawn Fain. The union is pointing to the companies' huge recent profits as it seeks wage increases of 36 per cent over four years. The companies have offered a little over half that amount. The UAW has other demands, including a 32-hour work week for 40 hours of pay and a restoration of traditional pension plans for newer workers. The companies say they can't afford to meet the union's demands because they need to invest profits in a costly transition from gas-powered cars to electric vehicles. The UAW's contract with the automakers expired at midnight on September 14, and workers walked out of a Ford assembly plant near Detroit, a GM factory in Wentzville, Missouri, and a Jeep plant run by Stellantis in Toledo, Ohio.

India to a five-wicket win over Australia in the first ODI of the three-match series in Mohali on Friday. Chasing a target of 277, Gill slammed 74 off 63 balls, while Gaikwad made 71 off 77 as India overhauled the target with eight balls to spare, reaching 281 for five. Skipper KL Rahul (58 not out) and Suryakumar Yadav (50) also struck fifties each. Earlier, in their first innings, Australia managed to score 276 runs, after Pacer Mohammed Shami got the second five-fer of his career to the visitors in check. Australia started off on a shaky note as Mitch Marsh could not contribute much and departed in the very first over. David Warner and Steve Smith steadied the ship with a decent partnership.

For Pushpender Singh, the Managing Director of JMS Group, land has always held a special place. Growing up in a farming household, he understood early on the intrinsic value of land, a precious asset that was revered above all else in his family and community. Today, as the helm of JMS Group, Singh's faith in land investments remains unshakeable, albeit with a new vision.

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Danish Ali on Friday described BJP parliamentarian Ramesh Bidhuri's derogatory remarks against him in the Lok Sabha as "hate speech" and demanded the suspension of the ruling party's lawmaker from the House. Bidhuri made certain objectionable remarks targeted at Ali on Thursday night during a discussion in the Lok Sabha on the success of the Chandrayaan-3 mission. «This is unprecedented.

Boston Federal Reserve President Susan Collins expressed support Friday for keeping interest rates elevated as the battle against too-high inflation continues.

Russia plans to increase budget spending by 25.8% to 36.6 trillion roubles ($383 billion) in 2024, Prime Minister Mikhail Mishustin said on Friday.Moscow is spending heavily on its armed forces as it prosecutes what it calls a «special military operation» in Ukraine, and social spending is also expected to increase as Russia holds a presidential election in March. Next year's planned budget spending is equivalent to around 20.4% of gross domestic product (GDP). The plans for next year envisage a small budget deficit, with revenues expected at 35 trillion roubles, Mishustin said in a televised government meeting. The government was discussing budget plans for the next three years.

Guwahati: Assam's Pradhan Mantri Awas Yojana (Urban) programme is making remarkable strides in realizing the vision of sustainable housing for all. As of September 22, 2023, this visionary initiative has approved an impressive 551 Detailed Project Reports (DPRs), signalling the green light for 1,72,544 dwelling units. Importantly, an impressive 1,64,367 houses have already touched the ground, a testament to unwavering commitment. The financial front is equally inspiring, with a substantial Central Share (CS) of Rs. 1526.52 Crores and a corresponding state share of Rs.

nerve cells while regrowing them is critical to restoring the ability to walk in mice with spinal cord injuries, scientists at the University of California — Los Angeles (UCLA), US, found.

Opposition parties will write to Lok Sabha Speaker Om Birla over BJP MP Ramesh Bidhuri's use of abusive language against BSP MP Danish Ali in the House and demand that the matter be sent to the privileges committee, sources said on Friday.

cybercriminals. Native English-speaking hackers would call up a target company's information technology helpdesk posing as an employee, and seek login details by pretending to have lost theirs. They had all the employee information needed to sound convincing. And once they got access, they'd quickly find their way into the company's most sensitive repositories to steal that data for extortion.

Russia's Black Sea navy in the Crimean port of Sevastopol on Friday, causing a fire, local governor Mikhail Razvozhayev wrote on the Telegram messaging app. Separately, Russia's defence ministry said one serviceman was killed in the attack, while air defences had downed a total of five missiles. Razvozhayev said that although no further strikes were expected, locals were being urged to avoid the city centre where the navy building is located. Firefighters were at the site, he said, and some roads were closed. Razvozhayev said there were no civilian casualties or damage to civilian infrastructure. Crimea, which Russia seized and annexed from Ukraine in 2014, has been a frequent target of Ukrainian attacks in the course of the 19-month-old war. Russian-installed authorities said air defence downed another missile on Friday near the town of Bakhchysarai.

Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves decreased by $4.99 billion to $593.90 billion for the week ended on September 8. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $511 million to $525.92 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.Gold reserves dipped by $384 million to $44 billion, while SDRs were up by $32 million to $18.09 billion. Reserve position in the IMF decreased by $4 million to $5.03 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

Bhartiya Janata Party (BJP) MP Ramesh Bidhuri's communal name calling and usage of abusive language in the Lok Sabha should be referred to the Privileges Committee. In his letter to Speaker Om Birla, Danish Ali has sought immediate inquiry in the matter. Bidhuri was recorded on camera using communally instigated abusive language tantamounting to name calling to BSP MP Danish Ali attacking his religious practice- Islam.

The prospect of U.S. interest rates remaining elevated for longer than expected has sparked a readjustment for investors.