public finance news today

Stocks making the biggest moves in the premarket: Ford, General Motors, Rivian and more

Stocks making the biggest moves in the premarket: Ford, General Motors, Rivian and more Ford (F), General Motors (GM) – UBS downgraded both automakers, cutting Ford to “sell” from “neutral” and downgrading GM to “neutral” from “buy.” UBS said the auto industry is rapidly moving toward vehicle oversupply following three years of unprecedented pricing power. Ford slid 3.6% …

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Paul Tudor Jones believes we are in or near a recession and history shows stocks have more to fall

Paul Tudor Jones believes we are in or near a recession and history shows stocks have more to fall Billionaire hedge fund manager Paul Tudor Jones believes the U.S. economy is either near or already in the middle of a recession as the Federal Reserve rushed to tamp down soaring inflation with aggressive rate hikes. “I don’t …

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Banking Central | SEBI sends a strong message to rating industry with Brickwork ban

Banking Central | SEBI sends a strong message to rating industry with Brickwork ban Rating agencies are the guardians of trust for many investors in financial markets. The Brickwork episode shows not all is well. On October 6, after a long series of probes, show-cause notices, and court interventions, the market regulator finally issued the …

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EMIs to become costlier: Bank of Maharashtra raises interest rates by 20 basis points

TL;DR Bank of Maharashtra: The hike has been effected in their benchmark rate linked to the repo rate, which was increased by half a percentage point to 5.9 per cent last month by the Reserve Bank of India. (PTI) State-owned Bank of Maharashtra (BoM) on Monday raised the marginal cost of funds-based lending rates (MCLR) …

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