Target Financial News

Despite the Fed’s best efforts, the U.S. economy has maintained its momentum throughout this year, shattering expectations of a potential downturn. Although employment growth was slower in June, robust figures continued to pressure the fed for further rate rises, even though consumer expenditure experienced a slight chill in May relative to the preceding month.

The US Labor Department Wednesday said the annual consumer inflation cooled in June to its lowest rate since 2021, adding that it was an encouraging sign for policymakers battling to rein in cost pressures. The key inflation gauge, the consumer price index (CPI), rose 3.0% from a year ago last month, down from 4.0% in May and slightly lower than analysts expected.

Investing.com — Headline and core inflation in the U.S. rose at a slower-than-expected pace in June, potentially bolstering the case for the Federal Reserve to wind down its monetary tightening cycle after a widely anticipated interest rate hike at its upcoming policy meeting.

Congress leader Sachin Pilot on Wednesday targeted the Narendra Modi-led government at the Centre, saying there is a «conspiracy» to put pressure on people who advocate democracy and expose those in power. The former Rajasthan deputy chief minister took part in a silent protest organised by the Congress to express solidarity with Rahul Gandhi, who has been disqualified from Parliament after his conviction in a defamation case. The Congress on Wednesday held similar protests at several places in the country, days after the Gujarat High Court refused to stay the conviction. On the sidelines of the Jaipur protest, Pilot claimed investigative agencies are being misused by the Centre and there is an environment of hatred and confrontation in the country. He said party leader Rahul Gandhi talks about affection, non-violence and strengthening of democracy, but is still being targeted.

China has called accusations that a China-based hacking group breached government-linked email accounts “disinformation,” saying they were meant to divert attention from U.S. cyber activities

The European Union has slapped a $475 million fine on U.S. biotech giant Illumina for buying out cancer-screening company Grail without the approval of the 27-nation bloc’s antitrust watchdog

After two years of painfully high prices, inflation in the United States has reached its lowest point in more than two years — 3% in June compared with 12 months earlier — a sign that the Federal Reserve’s interest rate hikes have steadily slowed price...

One person has been killed as some Kenyans angered by the rising cost of living are back on the streets Wednesday in the latest of a series of protests

The European Union’s parliament has backed in a cliffhanger vote a major plan to protect nature and fight climate change

Some congressional Democrats say three large tax preparation firms sent “extraordinarily sensitive” information on tens of millions of taxpayers to Facebook parent company Meta over at least two years

The Bank of England has warned that households across the U.K. are facing mounting problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global ...

If core inflation came in just below 3%, the Federal Reserve would breathe a huge sigh of relief, stocks would head to the races and consumers could relax about the rising cost of living. It isn’t merely a dream: Measure U.S. price changes the way Europe does, and inflation was already there in May.

New Delhi: Razorpay has announced the launch of its first international payment gateway for the Malaysian market with Curlec, now known as ‘Curlec by Razorpay’. In February 2022, Razorpay had acquired a majority stake in Kuala Lumpur-based fintech Curlec at a valuation of $20 million with an aim to fuel its global expansion plans. The balance stake acquisition was to be completed in 2023.

Concern over the rise of drug-resistant superbugs is spreading beyond hospital wards and health clinics to the world’s major financial centers. A number of large institutional investors are joining together to put pressure on food companies to curb the use of antibiotics in livestock, which the World Health Organization says is contributing to some infections becoming hard to treat with existing drugs.

The $2 billion voluntary carbon-offsets market has suffered allegations that many credits don’t deliver the emissions cuts they promise, but multiple efforts to rebuild credibility face an uphill battle. Recently the Commodity Futures Trading Commission said it would make policing carbon offsets a priority, Nestlé decided to leave the market and standard setters published guidelines that few existing buyers would meet. As things currently stand, only 5% of companies buying voluntary credits would meet the tough new standards on their proper use, according to Trove Research.

Negotiators trying to hammer out a global deal to change how and where large technology companies are taxed failed to reach an agreement this week, but participants said they are close enough for now to avert a damaging alternative: a new trade war between the U.S. and Europe. Meeting on Monday and Tuesday in Paris, tax officials from 143 jurisdictions had hoped to seal an agreement on a new way to dividethe taxes levied on the profits of about100 of the world’s biggest companies.

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LONDON (Reuters) — Chinese state-linked hackers secretly accessed email accounts at around 25 organisations, including government agencies, in a sweeping cyberespionage campaign by a group which primarily targets entities in Western Europe, Microsoft (NASDAQ:MSFT) said on Wednesday.

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Coinbase Global, Redfin, Alcoa, and JPMorgan.

Hectar Global has raised $2.1 million in a seed funding round led by Powerhouse Ventures. The round also saw participation from WEH ventures, All In Capital, Indian Silicon Valley, and angel investors Anant Sarda and Adhish Ladha, the company said in a statement Wednesday. The Chennai-based business-to-business cross-border agri-commodity procurement platform was founded by National University of Singapore alumni Srinath Srinivasan, Sibhi Kumaran and Aswath Balaji.

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at 3M, Zillow, Generac, and RenaissanceRe.