UPS Financial News

Silver prices Thursday surged to an all-time high, just shy of Rs 90,000 a kg, paced by an increase in industrial applications of the precious metal amid shortening odds of an imminent reduction in policy rates by the US Federal Reserve. Prices climbed more than Rs 2,000, or nearly 4%, through the course of a single trading session to end at Rs 87,476 a kg. Within a month, silver prices have climbed more than 5%, resulting in annualised gains of 60%, with analysts attributing increasing industrial demand of silver from the makers of electric vehicles (EV) and photovoltaic solar panels. High prices have sparked selling of household silver in Mumbai’s Zaveri Bazaar, said Prithviraj Kothari, MD, RiddiSiddhi Bullions. “People are selling bars, coins and silver utensils to get cash in hand. Also, after a long time, silver is witnessing such a bull run and consumers want to make the most of it,” said Kothari.

Skybridge Capital co-founder Anthony Scarmucci believes new entrants to Bitcoin are still early, with institutional adoption of the asset only just ramping up.

Thursday, May 16, 2024 – As the Solana price sets its sights on $200, it is meme coins like Sealana ($SEAL) that are making a splash, as its presale accelerates towards the finish line.

Goldman Sachs Group Inc. clinched a $43 billion mandate to invest pension fund assets of parcel-delivery company UPS, in one of the largest deals of its kind. 

The Department of Labor has announced updates aimed at improving the distribution of retirement plan assets to workers and retirees from bankrupt companies.

Cetera Financial is beefing up investment in its advisory business with a raft of key appointments.

Marvel fans can rejoice as the beloved animated series, 'X-Men '97,' graces screens once again, resurrecting the nostalgia of the iconic superhero franchise. With the original cast reprising their roles, this Disney++ revival serves as a seamless continuation of the 1992 classic, picking up where it left off in 1997. But amidst the thrill of Season 1's finale, speculation looms: Will there be a Season 2?

David Burke Hospitality Management President David Burke breaks down the cost of restaurant inflation on 'The Claman Countdown.'

'Kudlow' panelists Kevin Brady, Art Laffer and Sandra Smith discuss how 'Bidenomics' is falling flat with voters.

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The CW has recently launched its 2024-25 fall schedule which includes the announcement of a few new titles along with the return of popular shows for subsequent seasons. However, some popular shows have not been showcased for return in this primetime schedule, leaving fans anxious. According to a TV Insider report, The CW, alongside announcing the schedule has also unveiled its objectives around the expansion of its sports segment, CW Sports.

Manchester City is bidding to make history. Jurgen Klopp is bidding farewell. The English Premier League is heading toward a dramatic and emotional finale on Sunday, with the title race between Man City — seeking an unprecedented fourth straight top-flight championship — and Arsenal going to the wire and taking centre stage on an afternoon when goals and tears usually flow. Many of those tears will likely come at Anfield where Klopp, the eccentric German who has bestrode the league for nearly nine years with his heavy-metal football and big grin, takes charge of his last game at Liverpool. Klopp is definitely leaving. For other managers, the future is more uncertain.

Sunil Chhetri, India’s greatest ever player, had made public his retirement plans — the FIFA football World Cup qualification game against Kuwait on June 6 in Kolkata. That’s when we got head coach Igor Stimac on the call. “Sunil had mentioned this to me two months earlier. He had asked me to not say a word. I did not”, he said. So how does he react to it? “We need to make it memorable. Players like him don’t come too often”, said Stimac. Words that resonate with every Indian sports fan. Chhetri deserves it all and now the Kuwait game is much more than just a football match. It is also about giving a fitting farewell to the best India has seen and in doing so, making it memorable for him and his legion of fans. So how will we remember Sunil Chhetri? What’s his real legacy? And how does the team now get ready for the all-important Kuwait game?

diesel sales continued to slide in May while petrol consumption was almost flat despite election campaigns for the general elections hitting a peak, preliminary data of state-owned firms showed on Thursday. Electioneering for general elections traditionally has led to a surge in fuel demand as candidates extensively use automobiles to reach voters. But the trend in sales by PSUs so far does not reflect that. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, at 1.367 million tonnes in the first half of May was almost the same as 1.36 million tonnes of fuel consumed in the same period last year. Month-on-month consumption however soared 11 per cent. Diesel sales dropped 1.1 per cent to 3.28 million tonnes during May 1 to 15. The demand for the nation's most consumed fuel had fallen 2.3 per cent in April and 2.7 per cent in March.

A couple from Nova Scotia say they’re permanently throwing in the towel on housework after waking up $5-million richer on Sunday morning.

Miami-based investment company, which has also seen its airline in Australia grounded in recent weeks and faces a massive fraud lawsuit in New York. Belgian media reported that the court authorized the seizure of all 777 Partners's assets in the country, including Standard’s accounts and shares, as well as shares in Immobilière Standard de Liège, which owns the Maurice Dufrasne stadium. The court declined to comment when contacted by The Associated Press.

₹6,619 per barrel on the multi commodity exchange (MCX). The number of Americans filing new claims for unemployment benefits fell last week by 10,000 to a seasonally adjusted 222,000, the U.S. Labor Department said, pointing to both an underlying strength and a steadying of the labor market.

₹12,000 crore in the EV business over the next three years, it has also marked out a larger capex of ₹14,000 crore for its conventional IC-engine business. The latter will see six brand new SUVs and three model refreshes by 2030, the company said on Thursday while announcing its Q4 results for FY24. The ₹26,000-crore capex push follows the company's strong show in its core automotive business, with standalone net profit for the auto and farm business rising 32% to ₹2,038 crore for the quarter ended March, compared to the same period a year ago.

Stocks that traded heavily or had substantial price changes on Thursday: Walmart, Canada Goose rise; Deere, Freeport-McMoRan fall

Japan has reported that its economy contracted at an annual rate of 2% in the first quarter of the year, as spending and exports declined

An Associated Press investigation into prison labor in the United States found that prisoners who are hurt or killed on the job are often being denied the rights and protections offered to other American workers