Week Financial News

Alberta Premier Danielle Smith sent “thoughts and prayers” to E.coli patients and their families on Sunday almost one week after the outbreak was declared.

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial tr...

Wall Street's main indices ended a tad higher on Friday but still finished the week with losses amid renewed worries over inflation and uncertainty about the future path of the Federal Reserve’s interest rates.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: GM allies with Tesla; charging startups in need of a boost; all eyes on Stellantis.

NFL season kicks off, fans and fantasy football managers are eagerly awaiting the first week's action. However, injuries can quickly change the landscape of a game or a fantasy lineup. In this injury update, there is a comprehensive overview of the status of key players for Week 1. Joe Burrow (Cincinnati Bengals): Burrow is set to start in Week 1 after recovering from an offseason elbow injury.

About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial tr...

IPOs This Week: The primary market witnessed some major listings in both main board and small- and medium-sized enterprise (SME) segments last month, which kept investors engaged with subscriptions and listings. Moving on, the upcoming week sees strong market buzz for September, which is similarly packed with new listings and initial public offering (IPO) issues, that are available for subscription. ‘’There was decline in IPO activities in 2022 and expected to have a jump of 30 per cent in IPO issuance in 2023.

corporate actions scheduled for this week. IRFC, Jindal Stainless, Gujarat Gas, Jupiter Wagons, Gokaldas Exports, and Landmark Cars will trade ex-dividend, while Power Grid Corporation will trade ex-bonus this week. The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout.

Gold prices faced downward pressure throughout the week due to encouraging US economic data, with the upcoming focus on the Consumer Price Index (CPI) developments in the coming week. This resulted in gold experiencing its first weekly decline in three weeks.

This week, IPOs of three companies including RR Kabel, SAMHI Hotels, and Chavda Infra (SME), will open for subscription. «A strong pipeline of over USD 9 billion, which has been approved by capital markets regulator Sebi, and another USD 6 billion filed with the capital markets watchdog, of which USD 10 billion should fructify. Remaining fiscal 2023 looks promising for primary markets,» Mahavir Lunawat, Managing Director of Pantomath Capital Advisors. «Next week looks promising with IPOs like EMS Limited, RR Kabel among others on the horizon, targeting to raise cumulative funds amounting to Rs 3200+ crore,» Lunawat added. Further, it is encouraging to note that as the IPO market is sizzling, FPIs have poured over Rs 21,000 crore into IPOs in Apr-Aug’23, he said.Mainboard IPOsRR KabelThe initial public offer (IPO) of consumer electrical product maker RR Kabel would open for public subscription on September 13.

global cues, Sensex and Nifty gained nearly 2% last week with all sectors participating in the broad-based rally which was backed by strong economic outlook and macroeconomic data such as robust GDP and PMI figures. Nifty is now just 172 points away from the all-time high of 19,992, made on July 20 and analysts are now eyeing 20,000 level this week itself. «In the broad market, mid- and small-cap stocks attracted strong buying interest, even though their valuations were relatively high. Moreover, heightened order inflows made sectors like infrastructure and realty particularly attractive to investors during the week,» said Vinod Nair, Head of Research at Geojit Financial services. Here are top 5 factors that may sway the market mood in the week:

G20 Summit remained full of heavy engagements for the world leaders here in New Delhi including the announcement of a historic connectivity deal between India, the Middle East, and Europe. The US, India, Brazil, and South Africa reaffirmed their shared commitment to the G20, which is to deliver solutions for the shared world. Morocco's government said that 2,000 died and 329 were injured after a powerful quake, more than doubling the earlier toll.

macroeconomic data, crude oil prices, global cues, and more. Despite the US 10-year bond yield surpassing 4.3 per cent, the dollar index reaching above 50, and Brent crude trading at over $90, the Indian market displayed remarkable resilience last week. Frontline indices Sensex and Nifty settled higher for the sixth consecutive session on Friday, despite a cautious global market.

Dividend Stocks: Shares of several companies including Indian Railway Finance Corporation (IRFC), Jindal Stainless, Multi Commodity Exchange of India (MCX), Supriya Lifesciences, among many others will trade ex-dividend in the coming week, starting from Monday, September 11. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

U.S. College Football Games Week 1 went smoothly but stretched over five days, Week 2 is more hectic with as many as 80 games packed in the Saturday window. With no extension of the holiday, Saturday will have the most busy schedule. Saturday's premiere match between No. 3 Alabama hosts No. 11 Texas begins at 7 p.m.The action in Tuscaloosa will be followed by a pair of interesting road contests for ranked, future Big Ten rivals, with No. 13 Oregon facing a wounded Texas Tech squad and No. 19 Wisconsin playing Washington State.

Buy or sell stocks: Despite weak trends from global market cues on rising China-US tension, Indian stock market finished higher on sixth day in a row. NSE Nifty gained 92 points and closed at 19,819 levels, registering best week in the last two months. BSE Sensex finished 33 points higher at 66,598 mark whereas Bank Nifty index ended 278 points up at 45,156 levels.

economic data from China and Europe, and a surge in U.S Treasury yields. According to LSEG data, investors withdrew a net $5.96 billion out of U.S. equity funds during the week, compared with about $4.42 billion worth net withdrawn the previous week. Data pointing to a slowdown in the services sector in China and Europe in August, stirring concerns about global economic growth. Meanwhile, U.S.

Global market update: US stock market edged higher on Friday on resilience in the national economy even though investors await the key US inflation data expected next week. Dow Jones index added 0.22 per cent whereas tech heavy weight Nasdaq added 0.09 per cent. S&P 500 index gained 0.14 per cent.

OTT release this week: The week is all about movie ‘Jawan’ for cinema lovers. Shah Rukh Khan's one of the best movies released this week in cinemas across the globe. For those who want to enjoy movies and shows at their home during weekend, they can watch movies like Rajinikanth's Jailer, Nawazuddin Sidduqui's Haddi, or other movies and shows released this week.

Sovereign gold bond: The Reserve Bank of India (RBI) declared Sovereign gold bond September 2023 price on Friday at ₹5,923 per gram. The next tranche of the scheme is opening for subscribers on 11th September 2023 i.e. on Monday next week.