RBI upgrades info management system, launches next generation data warehouse CIMS

2023-06-30 11:07:13 KOLKATA: The regulatory supervision, monitoring and enforcement will get a leg up as the Reserve Bank of India has upgraded its information management framework with the introduction of the Centralised Information Management System (CIMS), a next generation data warehouse. Monetary policymaking will be more robust too with refined economic analysis as the new … Read more

Target’s Profit Sinks as Retailer Unloads Unwanted Inventory

A glut of inventory sank profit at Target Corp. further than it expected, sparking investor concerns about the company’s response to an oversupply problem haunting retailers from Walmart Inc. to the parent of T.J. Maxx. Target’s operating margin declined to 1.2% in the quarter ended July 30, the company said in its quarterly earnings report … Read more

Walmart Lays Off Hundreds of Corporate Workers

Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began notifying employees in its Bentonville, Ark., headquarters and other corporate offices of the restructuring, which affects various departments including merchandising, global technology and real-estate … Read more

Twitter Reports Surprising Drop in Revenue Amid Elon Musk Fight

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Dow Jumps 750 Points as Investors Take Hope From Earnings Reports

U.S. stock indexes recorded their biggest one-day gains in nearly a month Tuesday, as investors reacted positively to a fresh batch of company earnings reports. The S&P 500 added 105.84 points, or 2.8%, to end the day at 3936.69. The tech-focused Nasdaq Composite gained 353.10 points, or 3.1%, to 11713.15 , and the Dow Jones … Read more

Stock Market Rises After Weekly Loss

U.S. stocks rose, retreating from morning highs, as investors sifted through data and comments about the jobs market and inflation. The S&P 500 climbed 0.4% in afternoon trading, while the Dow Jones Industrial Average rose 0.1%. The technology-focused Nasdaq Composite Index was 0.4% higher. The three indexes were higher in the morning, with the Nasdaq … Read more

Citigroup Sales Hit European Stock Markets With ‘Flash Crash’

Several European stock markets suffered a “flash crash” on Monday morning following sell orders by Citigroup Inc., according to people familiar with the matter. Trading was halted momentarily in several markets after major stock indexes plunged for a few minutes just before 10 a.m. Central European time. Stocks in the Nordic region were hit the … Read more