Target beats profit forecasts on inventory drawdown, shares surge 17% November 15th, 2023 22:27
With nearly half of Target's sales coming from these less essential categories, its sales have fallen in the past two quarters, but the retailer has been about to eke out a higher profit on tighter inventory management and cost controls in other parts of its business, such as logistics. On Wednesday, the company forecast adjusted earnings to land between $1.90 and $2.60 per share. The midpoint of that range topped analysts' expectations of $2.22 per share, according to LSEG data.

Oil falls on high US production, despite strong demand signals November 15th, 2023 22:27
In signs of healthy U.S. crude supply, American Petroleum Institute figures on Tuesday showed rising crude oil and gasoline inventories last week, according to market sources.

US Treasury yields jump as revised retail sales overshadow cooling inflation November 15th, 2023 22:27
Overall, retail sales dipped 0.1% last month, slightly less than the 0.3% economists polled by Reuters expected, according to the Commerce Department. Data for September was revised higher to show sales increasing 0.9% instead of the previously reported 0.7% rise.

Market Trading Guide: TCS, Reliance Industries among 5 stock recommendations for Thursday November 15th, 2023 21:27
Reliance has experienced a breakout from a falling channel on the daily chart, indicating an increase in optimism. Additionally, the stock has surpassed the critical moving average.

Commerzbank wins crypto custody licence in digital assets push November 15th, 2023 21:27
The license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frankfurt-based bank said in a statement on Wednesday. It’s the “first German full-service bank” to get the license, it said.

Dollar gains after U.S. retail sales fall less than expected November 15th, 2023 21:27
The better than expected reading lifted the dollar, even though a weak reading on producer prices, along with Tuesday's consumer price index report, signaled a cooling economy that still suggests the Fed's fight against inflation is on track.

Target bests profit forecasts on inventory drawdown, shares surge 17% November 15th, 2023 21:27
With nearly half of Target's sales coming from these less essential categories, its sales have fallen in the past two quarters, but the retailer has been about to eke out a higher profit on tighter inventory management and cost controls in other parts of its business, such as logistics. On Wednesday, the company forecast adjusted earnings to land between $1.90 and $2.60 per share. The midpoint of that range topped analysts' expectations of $2.22 per share, according to LSEG data.

These 4 auto stocks hit a 52-week high on Wednesday; rally up to 11% in a month November 15th, 2023 20:27
The 52-week high holds significant importance among traders and investors as a key technical indicator for evaluating a stock's present value and predicting potential price shifts.

Bank of Baroda board to meet on November 18 to consider infra bond issue November 15th, 2023 20:27
According to news reports, the public sector lender is looking at raising about Rs 10,000 crore through infrastructure bonds. As of September-end, the bank’s capital adequacy ratio as per Basel-III requirements was 15.30%, compared to 15.25% a year ago. The CET 1 ratio stood at 11.57%, compared to 10.95% a year ago. The additional tier-I ratio as of September end was 1.62%, compared to 1.86% a year ago.

Religare chair Saluja opposing Burmans' open offer fearing loss of control, says Mohit Burman November 15th, 2023 20:27
The Dabur Group scion said he is surprised by the behaviour of the Religare board, which had backed the open offer but is now against it.