Target Financial News

unemployment rate, which is based on a separate survey, rose to 3.8% from July’s 3.5%. This wasn’t a reflection of job losses, though; rather, it came about because the share of the working-age population that is employed or seeking employment rose. Because this increase in labor-force participation should help ease hiring strains, it points the way to further cooling in wages.

The United Auto Workers union says it has filed unfair labor practice complaints against Stellantis and General Motors for failing to make counteroffers to the union’s economic demands

The stock last traded at $68.75 after hitting a peak of $70.28 while trading volume was 5.4 times its 10-day moving average. Dell, on track for its biggest ever daily percentage gain, is up more than 70% for the year-to-date.

By Ankika Biswas and Shashwat Chauhan

More than 85,000 highchairs sold at major retailers across North America are being recalled over a fall hazard after a handful of injuries were reported, federal regulators say

Right policies and a proactive approach by the government will help India achieve USD 2-trillion exports target of goods and services by 2030, Chairman, CII national committee on EXIM, Sanjay Budhia, said here on Friday.

CERNOBBIO, Italy (Reuters) — The chairman of Intesa Sanpaolo (OTC:ISNPY) sees no cause for alarm over the impact of the windfall tax on Italian banks and said it would probably cost Italy's biggest bank less than 1 billion euros ($1.08 billion).

By Kopano Gumbi and Wendell Roelf

By Gavin Jones

Canada’s Environment and Climate Change Minister, Steve Guilbeault, couldn’t resist taking a swipe at Suncor’s CEO, Rich Kruger — not even as the minister visits China, the biggest GHG emitter of all. Tuesday, he criticized Kruger’s recent statement that Suncor has been focusing too much on the energy transition and not enough on its core business. Using this as a pretext, Guilbeault made clear that his government’s made-up cap on oil and gas emissions — an arbitrary 42 per cent reduction by 2030 — is even more necessary to force companies to comply than he had been arguing. Let’s see how he does persuading his Chinese hosts to stop building two new coal plants every week.

Motilal Oswal Financial Services, reiterates 'buy' rating for Max Healthcare with a target price of ₹660, and sees an potential upside of 15% for the stock from Wednesday's close price of ₹575. After gaining for three consecutive sessions, on Friday, Max Healthcare shares ended in red at ₹574 apiece, down 2.48% on NSE.

The ongoing year-to-date rally on Wall Street is showing signs of exhaustion amid fresh uncertainty over the Federal Reserve’s outlook for interest rates and as recent data has painted a worrying picture of the economy.

By Liangping Gao and Clare Jim

foreign exchange reserves are down by $30 million at $594.85 billion for the week ending August 25, latest data by the Reserve Bank of India (RBI) showed on Friday. Previously India’s Forex reserves for the week ending August 18 dipped by $7.28 billion to $594.90 billion. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $538 million to $527.24 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 surged by $530 million to $44.35 billion, whereas SDRs decreased by $11 million to $18.19 billion. Reserve position in the IMF decreased by $12 million to $5.06 billion. It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.

Nitish Kumar, a key figure in the anti-BJP bloc, on Friday said the 2024 Lok Sabha elections are likely to be advanced and called upon opposition parties to be alert. Speaking at a press conference organised after the two-day conclave of the Indian National Developmental Inclusive Alliance (INDIA) in Mumbai, Kumar expressed confidence the newly formed opposition bloc will defeat the Bharatiya Janata Party (BJP) whenever elections are held. «The BJP wants to change the country's history. Our aim is to strengthen the country and ensure welfare of all sections of society.

The cryptocurrency market is experiencing waves of volatility, with Ethereum at the forefront of this turbulence. 

Nifty closed above the 19,400 level on value-buying in power, metal and oil stocks following strong domestic macro data and global cues. In September, domestic markets will be driven by macro data along with global trends, before getting ready for the second-quarter earnings of current fiscal 2023-2024 in October. Amidst this, brokerages have recommended buying one PSU stock in September.

Institute of Banking Personnel Selection (IBPS) is anticipated to unveil the IBPS RRB Clerk Result 2023 for the preliminary examination during the initial week of September. Aspiring candidates who participated in the RRB Clerk Prelims Exam can access their results conveniently on the official IBPS website at ibps.in. The preliminary examination, which took place on August 12, 13, and 19, holds the key to the next phase in their banking career. Successful candidates who clear the preliminary hurdle will become eligible to partake in the main examination for clerical cadre positions, followed by the all-important interviews.

commerce ministry on Friday said it has decided to organise monthly workshops to raise awareness about ways to promote exports through e-commerce mediums. The Foreign Trade Policy 2023 has mandated to handhold and conduct outreach programmes to promote ecommerce exports. In addition to increasing awareness about ecommerce-related rules and processes, actions for capacity building and skill development for the promotion of exports through online medium is also mandated.

₹20.6k crore in cash market for the August month. FIIs long ratio is now at 50 per cent vs 59 per cent index futures implying more of hedged short positions into the September series. With the VIX being at lower levels of 11-12 per cent first dip towards 19,100-19,000 might be more prudent for fresh long positions, said the brokerage in its report.

UBT) president Uddhav Thackeray on Friday asserted the INDIA bloc will fight and defeat «mitra parivarvad», an oblique reference to crony capitalism, in the country as the opposition grouping wrapped up its two-day conclave in Mumbai. Speaking at a press conference organised after the end of the third meeting of the Indian National Developmental Inclusive Alliance (INDIA), Thackeray, who hosted the gathering, said the bloc consisting of more than two dozen political outfits is a coalition of patriotic parties ranged against «mitra parivarvad». «When elections come there is slogan of 'sabka saath sabka vikas (togetherness of all, development for all)...but after elections are over it is sabko laath and mitron ka vikas (development of friends by ignoring others). We will not allow this,» said the former Maharashtra CM. Opposition parties have often accused the Bharatiya Janata Party (BJP) of indulging in crony capitalism, a charge rejected by the ruling outfit which has sought to portray its rivals as corrupt and practising nepotism. Thackeray maintained the two-day meeting took some important decisions and resolved to set up coordination committees.