SunCar Technology Group, a leading digital platform for B2B auto services and eInsurance in China, reported robust financial growth with a 28% revenue increase in the last twelve months ending June 2024. With strong ties to major corporations like Tesla and Bank of China, SunCar leverages cutting-edge technology to streamline automotive services, engaging over 1,400 enterprise clients.

Bank of Korea Governor Rhee Chang-yong said economic growth may be closer to 2.2% this year in a downgrade from a previous projection, as policymakers keep a watchful eye on the current health of the economy. The result was well below a 0.4% expansion expected in a Bloomberg survey and prompted BOK officials to flag the potential for revising down their annual growth projection of 2.4%.

BP on Tuesday reported higher-than-expected third quarter profits of $2.3 billion, their lowest in almost four years, weighed down by a drop in refining profits and weaker oil trading. BP shares, which were trading 2.6% lower by 1238 GMT, have underperformed those of its rivals so far this year, falling 15% compared with a 2% decline for Shell and a 19% gain for Exxon Mobil.

Oneview Healthcare has announced the extension and expansion of its Value-Added Reseller Agreement with Baxter International. The agreement, which now includes Canada, builds on the existing partnership that has been in place since June 2023 for the US market. The collaboration focuses on enabling Baxter to sell and deliver Oneview's patient experience solutions effectively.

Most mortgage rates have inched up again today. According to Zillow, the average 30-year fixed mortgage rate has increased by six basis points to 6.47%, and the 15-year fixed rate is up seven basis points to 5.82%. Are you trying to decide whether rates are low enough to buy a house? It's a good question — after all, mortgage rates are much lower than a year ago.

Some of the world’s biggest names in finance, gathered at Saudi Arabia’s Future Investment Initiative, seemed to suggest market bets for Federal Reserve interest-rate cuts might be overdone. In September, the Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75% to 5%, after holding it for more than a year at its highest level in two decades.

In his iconic song The Gambler, Kenny Rogers famously sang, “Every hand’s a winner, and every hand’s a loser.” Two penny stocks, Regulus Therapeutics (RGLS) and Ventyx Biosciences (VTYX), have received bullish support from analysts, offering high-reward opportunities with over 500% potential gains in the coming months.

US Treasury Secretary Janet Yellen argues that Americans are better off than they were when President Joe Biden took office, citing robust economic growth, low unemployment, and falling inflation, despite voters' concerns over high prices. Yellen highlights the administration's investments in clean energy, infrastructure, and semiconductors.

Microsoft (MSFT) is at the forefront of the AI arms race, boasting an exceptional business model that consistently generates substantial and growing free cash flow. With the company’s current valuation appearing fair, now may be an opportune time to buy its shares. I have a 12-month price target of $482.40, while the average Wall Street price target is $503.27.

This past summer, leads for Brian Brown's landscaping business near Lake Tahoe were drying up. “We’d put together bids, call clients, and they were like, 'well, we’re going to think about it,'" said Brown, whose typical customer owns luxury property in the California resort area. "Most of our clientele are not the kind of people that ‘think about it.'"

Sharekhan's research report on Torrent Pharmaceuticals: Torrent’s revenue reached Rs. 2,889 crore, reflecting a 9% y-o-y increase and a 1% q-o-q rise, driven by growth in key geographies. EBITDA stood at Rs. 939 crore, up 14% y-o-y and 4% q-o-q. Margins reached 33%, up 149 bps y-o-y and 88 bps q-o-q.Insulin revenue during the quarter was affected by a scheduled maintenance shutdown in August.

Sharekhan's research report on Transport Corporation of India: TCI reported marginally higher-than-expected consolidated revenue, led by strong growth in Seaways and sustained growth in SCM and JVs. OPM stayed in-line, while net profit beat estimates. Management has retained its overall topline and bottom-line growth guidance of 10-15% y-o-y for FY2025.

The Indian government will impose penalties on General Electric Co. for severe delays in the delivery of jet engines that power the country’s light-combat aircraft, according to an Indian official with knowledge of the matter. Delivery of the F404 engines for Indian Air Force’s locally-made Tejas Light Combat Aircraft Mk1 series was pushed back to March 2025, the official said, anonymously.

V2 Retail's Q2FY2025 results were mixed, with 64% revenue growth but lagging EBIDTA margins at 8.7%. Same-store-sales-growth was 34%, driven by a strong festive and winter season, with the company targeting 60 store openings in FY2025. The stock trades at 20x FY25E EV/EBIDTA, and Sharekhan maintains a Positive outlook with a price target of Rs. 1,445.

SBI Card posted a net profit of ₹404.42 crore in Q2 FY25, marking a significant 32.9% decline from ₹602.98 crore in the same quarter last year. Despite the profit dip, the company saw an 8.2% year-on-year (YoY) rise in total revenue, reaching ₹4,421 crore, up from ₹4,087 crore a year ago. The company’s cost-to-income ratio stood at 53.4%, down by 375 basis points (bps) YoY.