Track Financial News

Very rarely should you celebrate rising unemployment. This is one of those times. Friday’s news that the unemployment rate rose to 3.8% in August, an 18-month high, is one of several recent signs that the labor market has softened significantly.

The dollar’s recent strength has confounded naysayers, and according to some hedge funds, the rally isn’t over.

Shares are lower in Asia after a decline on Wall Street, where strong economic data revived worries that the Federal Reserve might keep interest rates high for longer than hoped

The head of the United Auto Workers warned that the union plans to go on strike against any Detroit automaker that hasn’t reached a new agreement by the time contracts expire next week

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rising U.S. yields and a slowing Chinese economy sapped momentum from the market's rally. The Nikkei index closed 0.75% lower at 32,991.08, after hitting a high of 33,322.45 in morning trade.

Nifty are up nearly 2 per cent in September so far. While the sentiment seems to have slightly improved, the market has to deal with many headwinds in the short term. The risk of inflation is not gone, interest rates are high and central banks have been saying they can still raise rates.

mutual fund fact sheets to see whether your favourite fund manager has entered a new stock, or perhaps increased weightage in any of them. If they have, you’ve got action to take. Fourth, just like with mutual funds, you have taken to tracking trade data of large global funds that have taken a liking to India.

The Indian government has notified about an open-source Remote Access Trojan (RAT) called DogeRAT that is targeting Indian Android users as part of a sophisticated malware campaign. The information came to light via an advisory released by the Controller General of Defence Accounts under the Defence Ministry.

UIDAI) has extended the free Aadhaar update of documents by 3 months from September 14, 2023 to December 14, 2023. According to an Office Memorandum issued by UIDAI on September 6, 2023, “In order to encourage more residents to update their document in Aadhaar, it was decided to provide the provision to update their document in Aadhaar through myAadhaar portal free of cost up to 14.09.2023. Based on the positive response from the residents, it is decided to extend the facility for 3 more months i.e. from 15.09.2023 to 14.12.2023. Accordingly, the facility for document update shall continue free of cost through myAadhaar portal at https://myaadhaar.uidai.gov.in/ up to 14.12.2023.” UIDAI is also urging Aadhaar holders of 10 years to update the details with the latest information. According to the UIDAI website, “Please update Aadhaar for continues accuracy of demographic Information. To update it, upload your proof of identity and proof of address documents." Free update should be done online at https://myaadhaar.uidai.gov.in and for physical update at CSC will be charges of Rs 25 as usual.

The NSW government has committed $1.8 billion from its upcoming budget in a bid to get back on track for its 2030 renewables targets, but the investment in batteries and transmission will not be enough to head off the extension of the Eraring coal power station.

There’s more than one way to shine a penny—or in this case, to grow your advisory business. While adding new clients is critical, when you’re building a legacy, it’s not the only important approach. Another way to create a sustainable practice is by developing new talent.

Commonwealth Financial Network has announced the expansion of its Talent Exchange Initiative, which aims to connect skilled students from top universities that offer certified financial planning programs with the firm’s affiliated advisers.

Mahantesh Sabarad, Independent Market Expert, says “we are going to look at the oil and gas sector primarily because the government is now introducing the so-called subsidy element. If that comes true, there could be a little negative news for the oil and gas sector going ahead. The second bit of news is the kind of complete recovery happening in the US economy; probably the IT sector will start announcing newer deal wins and the sector outlook can look potentially better.”What is weighing down on the entire metals pack?The metals’ pack underperformance has to be linked to the Chinese market. Essentially, China is the market that drives the global commodity markets. The depressed real estate market in China which the government is trying to revive foretells us that probably the metal sector demand dynamics will remain quite subdued and therefore, Indian metal market or Indian metal companies being exposed to global commodity prices and price fluctuations are naturally getting affected by that.

RBI) has been making informal inquiries with select bond market participants about the impact of allowing settlement of domestic sovereign debt on the Euroclear platform, a move that experts believe would help expand the overseas investor base for local debt and eventually lower borrowing costs through inclusion of these bonds in globally tracked indices. «They (the RBI) are not averse to the process of settlement of Indian bonds on the Euroclear platform and have been taking feedback from the market,» a source aware of the development said. «Such discussions happened earlier too — there were some concerns over a parallel yield curve developing, although the market has developed more now and is much deeper.» In most cases, bonds listed on an international index are settled on global platforms such as those offered by the Belgium-based Euroclear. Although Euroclear settlements are not mandatory for inclusion of Indian sovereign debt on global bond indices such as those offered by JP Morgan and Bloomberg Barclays, the presence of a settlement mechanism on a global platform is seen to help push the cause for inclusion.'Tax Relief Unlikely' A Reuters report, citing Bank of America Securities, said last month that index inclusion could lead to inflows of $6 to $12 billion over a period of time into India, thereby helping lower yields on sovereign debt.

settle at $90.04 a barrel on Tuesday, closing above the $90 mark for the first time since November 16, 2022. US WTI futures had gained $1.14, or 1.3 per cent, to settle at $86.69 a barrel, also a 10-month high. Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected.

Investing.com — U.S. crude oil stockpiles fell by more than 5 million barrels in the just-ended week, petroleum industry group API said in a preliminary report Wednesday that showed a four straight weekly decline in inventory as refiners maxed out fuel processing in preparation for the final hurrah in summer travel.

G20 nations — which together contribute over 80% to global output — when they meet this weekend in New Delhi. ET looks at the finance track of the G20, which focuses on key economic issues the world is grappling with.Progress so far

By Marcela Ayres and Bernardo Caram

The Federal Bureau of Investigation (FBI) has recently alerted cryptocurrency firms about blockchain activities linked to the theft of a significant amount of cryptocurrency. Within the past day, the FBI has monitored cryptocurrency pilfered by actors affiliated with the Democratic People's Republic of Korea (DPRK), commonly known as North Korea. These actors, known as the TraderTraitor group, are also recognized as the Lazarus Group and APT38. The agency suspects that North Korea might try to liquidate the bitcoin, which is valued at over $40 million.