Author: businessinvestopedia.com

The Reserve Bank of India (RBI) has warned the public against unscrupulous elements trying to cheat people in various ways by using the name of the central bank in one way or another.According to RBI, these fraudsters use seductive tactics like fake RBI letterheads and email addresses, impersonating RBI employees and using blackmail tactics through calls, SMS and emails impersonating RBI officials to threaten to freeze/block/deactivate the recipient’s bank accounts and persuade/coerce them to share certain personal details, account/login details/card details, PIN, OTP etc. and/or install unauthorised/unverified applications using links provided in the communication.The RBI said it has also come…

Traders work on the floor of the New York Stock Exchange during morning trading on August 23, 2024 in New York City. Michael M. Santiago | Getty ImagesStocks @ Night is our daily after-hours newsletter, bringing you the latest on what’s on the horizon for tomorrow and what’s on the horizon for today. Sign up for free to receive it straight to your inbox.CNBC TV producers share what they were watching during Thursday’s trading and what’s in the spotlight for Friday’s session.Marvel TechnologyTechnology companies continue to report earnings on Thursday. Marvel TechnologyShares rose about 8% after trading hours after Marvel…

A Gap store in New York, USA, Monday, May 27, 2024. Stephanie Keith | Bloomberg | Getty ImagesGap Inc. raised its full-year profit outlook on Thursday after its largest brand, Old Navy, reported better-than-expected results.A Gap spokesperson told CNBC that the company’s second-quarter results were released earlier than expected because the company “mistakenly” posted them on its website and then removed them.”Once the error was discovered, we immediately notified the New York Stock Exchange and trading in our shares was suspended,” the spokesman said, adding that the outcome was announced “as a result of a clerical error.”Gap Inc. shares were…

Ulta Beauty Shares fell 7% in after-hours trading on Thursday after the company reported weaker-than-expected second-quarter results and lowered its full-year outlook after same-store sales fell in the latest period.This is the company’s first earnings per share miss since May 2020 and its first revenue miss since December 2020.Same-store sales fell 1.2 percent in the second quarter after growing 8 percent in the same period a year ago, according to Street accounts, well below the 1.2 percent increase Wall Street analysts had expected.”While we are encouraged by many positive metrics across our business, our second quarter results did not meet…

Let’s take a look at some of the companies that are catching our eye in after-hours trading. Ulta Beauty — Shares fell about 7% after the beauty products retailer reported second-quarter sales and profits that fell short of expectations. Ulta earned $5.30 a share, while analysts surveyed by LSEG were expecting $5.46 a share. Revenue of $2.55 billion also missed analysts’ expectations of $2.61 billion. The company also lowered its full-year outlook. MongoDB — Shares of the database company rose nearly 13%. MongoDB issued strong fiscal guidance for the third quarter, predicting adjusted earnings of 65 cents to 68 cents…

Morgan Stanley Wealth Management recently refreshed its dividend stock model portfolio, adding positions in two new stocks, including popular utility names. The firm’s Equity Model Portfolio Solutions team added Constellation Energy and General Dynamics to its dividend stock portfolio. Constellation Energy, which is expected to rise about 70% in 2024, “increases exposure to the utilities sector through a company that benefits from structurally high electricity prices and potential data center upside,” senior investment strategist Daniel Skelly wrote in a report on Wednesday. Constellation owns and operates 21 nuclear reactors with a generating capacity of 173 terawatt-hours, Skelly added. “We believe…

Customers shop at a supermarket in Arlington, Virginia, on August 14, 2024. Sha Han Ting | China Newspaper | Getty ImagesFederal Reserve officials will get an update on their favorite inflation gauge on Friday, and the data snapshot could influence their September interest rate decision, even though policymakers have seemed to be focused on other things lately.At 8:30 a.m. ET, the Commerce Department will release the Personal Consumption Expenditures Price Index, a broad measure of how much consumers are paying for various goods and services and their spending preferences.While the Fed uses a variety of measures to measure inflation, the…

This is where SanR comes in. Traders can use the platform to indicate whether a particular token will rise or fall at a particular price. These predictions are recorded on-chain as NFTs, so they cannot be tampered with at a later date, even if the prediction turns out to be inaccurate. As traders make predictions, the number of accurate and inaccurate predictions is accumulated and the percentage of each is revealed. Other users can review this data to assess each trader’s predictive power, but cannot be confident that the data has not been tampered with. If you are a trader…

A look at companies making waves in midday trading: Dollar General – Shares of the discount retailer fell nearly 30% after the company sharply cut its full-year sales and profit outlook. Dollar General CEO Todd Vasos said the sales slump was due in part to core customers feeling “financially constrained.” The company also reported disappointing second-quarter results. Shares of rival Dollar Tree fell more than 9% in tandem. Affirm – Shares soared 34% after the pay-later company issued a better-than-expected first-quarter earnings outlook. Affirm now expects revenue of $640 million to $670 million for the period, beating the $625 million…

Since the Federal Reserve began allowing banks to challenge the results of its stress tests in 2020, eight financial institutions have tried to convince the central bank to adjust its calculations, but all were unsuccessful. Until now. The Federal Reserve lowered Goldman Sachs’ stress capital buffer requirement for the fiscal year that begins Oct. 1 to 6.2%. The central bank said on WednesdayThat’s lower than the 6.4% figure given by the Fed in June when it released the results of its annual stress test. But Goldman said the losses were Green Sky Sales Mortgage platforms should not be used to…