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Indian Railway Finance Corporation share price 212.114:02 pm | July 16, 2024-4.21(-1.95%)One97 Communications stock price 460.33:59 pm | July 16, 2024-9.35(-2.0%)YES Bank stock price 26.193:59 pm | July 16, 2024-0.19(-0.73%)ITC stock price 465.553:59 pm | July 16, 20242.16(0.47%)HDFC Bank share price 1619.753:59 pm | July 16, 2024-2.35(-0.15%)Tata Motors share price 1021.153:59 pm | July 16, 2024-3.31(-0.33%)Zomato stock price 217.494:08 pm | July 16, 2024-11.66(-5.09%)Adani Enterprises share price 3109.34:08 pm | July 16, 202418.91(0.62%)Infosys stock price 1726.053:59 pm | July 16, 202419.0(1.12%)Reliance Industries stock price 3152.53:59 pm | July 16, 2024-41.95(-1.32%)Adani Power share price 712.454:08 pm | July 16, 20243.91(0.56%)Vedanta stock…

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Courtney Keating | Getty ImagesMortgage rates fell to their lowest since March last week, spurring a surge in demand for refinancing, but homebuyers appear unimpressed.Mortgage refinance applications rose 15% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, hitting the highest level since August 2022. Demand was up 37% compared to the same week a year ago, when mortgage rates were exactly the same.Last week’s increase was large, but it came from a very small base: Refinance demand is still more than 70% lower than it was at the beginning of 2020, before the…

(This is CNBC Pro’s live coverage of Wednesday’s analyst conference call and Wall Street chatter. Refresh every 20-30 minutes to see the latest posts.) Among the stocks analysts were talking about on Wednesday were the electric vehicle maker and the health insurance giant. Morgan Stanley raised its price target on Rivian to $17 from $13, while Jefferies raised UnitedHealth to buy from hold. Check out the latest conference call and chatter below. All times are ET. 7:35 a.m.: Wall Street pulls away from Five Below after CEO resignation and guidance cut Several Wall Street investors are keeping Five Below shares…

Alexander Spatali | Moment | Getty ImagesUK inflation remained stable at the Bank of England’s target of 2% in June, Office for National Statistics data showed on Wednesday.The overall index beat analysts’ expectations of 1.9 percent and was the same as the previous reading of 2 percent in May, according to a Reuters survey of economists.The pound rose slightly immediately after the announcement and was trading at $1.2977 as of 7:21 a.m. London time.Services inflation, which is closely watched by the Bank of England because of its dominance in the UK economy and reflects domestically generated price increases, remained at…

The first-quarter earnings season is underway with as many as 22 companies reporting their quarterly results on Wednesday. Key results investors need to keep an eye on include those of Asian Paints and LTI Mindtree.Apart from the above, companies like Elecon Engineering, Hathway Cable, Lotus Chocolate, Parshva Enterprises, Ratnaveer Precision Engineering, Regency Fincorp, RO Jewels and Sanathnagar Enterprises are also expected to announce their first quarter results.LTIMindtree Q1 ForecastIT services company LTI Mindtree is expected to post healthy quarter-on-quarter revenue growth in both rupee and constant currency terms, driven by robust growth in BFSI and manufacturing. First quarter revenue is…

Republican presidential candidate and former US President Donald Trump raises his fist during day one of the Republican National Convention (RNC) at Fiserv Forum in Milwaukee, Wisconsin, USA on July 15, 2024. Elisabeth Franz | ReutersRepublican presidential candidate Donald Trump said in an interview with Bloomberg Businessweek that he would allow Federal Reserve Chairman Jerome Powell to serve out his full term if he wins the November election.”I would let him serve out the rest of his term, especially if I think he’s doing the right thing,” Trump told Bloomberg Businessweek. President Joe Biden has nominated Powell to a second…

Vacant retail space in San Francisco is at an all-time high, and one mayoral candidate has a plan to reorganize the city’s central business district and surrounding areas.Former interim mayor Mark Farrell, a Democrat, has proposed a 20-year vision to revitalize downtown San Francisco to help the city recover from hardships exacerbated by the pandemic. His plan includes a new park at Embarcadero Plaza and the construction of a mixed-use building that would provide more housing options.He also proposed tax incentives for companies that relocate to the area or require employees to work four days a week, with the goal…

A Spirit Airlines aircraft prepares for departure at Austin-Bergstrom International Airport in Austin, Texas, February 12, 2024.Brandon Bell | Getty ImagesSpirit Airlines The company on Tuesday reported a wider-than-expected fourth-quarter loss as revenue fell short of expectations.Spirit Airlines now expects an adjusted loss of $160 million to $173 million for the three months ending June 30, down from its previous forecast of a loss of no more than $145 million. The airline now expects revenue of $1.28 billion, down from expectations of at least $1.32 billion.Spirit Airlines said non-ticket revenue, which accounts for the myriad fees and charges that have…

Let’s take a look at some of the companies making waves in after-hours trading. Five Below — Shares of discount retailer Five Below fell nearly 9% after the company said in a press release that CEO Joel Anderson had resigned “to pursue other interests.” The company named Kenneth Bull interim president and CEO, effective immediately. The company also issued a gloomy outlook for second-quarter profit and revenue. Interactive Brokers — The electronic brokerage rose about 1% after its second-quarter adjusted profit and revenue beat expectations. Interactive Brokers posted adjusted earnings of $1.76 on revenue of $1.29 billion, according to LSEG,…