UPS Financial News

Older Americans are fueling a sustained boost to the U.S. economy

If advisors want to continue to stay relevant and continue to have a fresh value proposition that their clients appreciate, it’ll be crucial for them to be open, curious and understanding.

Stocks edged higher as Wall Street readies for a week packed with potentially market-moving news

Spanish Prime Minister Pedro Sánchez has vowed to stay in office and govern “with even more strength."

There aren't many newcomers in the airline business

The activist investors trying to take control of Norfolk Southern are picking up key support

For decades, tourists to Hawaii have brought home gift boxes of the islands’ famous chocolate-covered macadamia nuts for friends and family

It took almost a half century for Brazilian singer Cátia de França to find her audience, but she finally has — with the help of a near-obsolete audio technology

Stocks that traded heavily or had substantial price changes on Monday: Tesla, Domino’s Pizza rise; AMC Entertainment, SoFi Technologies fall

The value of Japan’s currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1

K-drama 'Bloodhounds' season 2 is happening on Netflix. Netflix has greenlit the highly acclaimed Korean drama 'Bloodhounds' for a second season, much to the delight of fans worldwide, as per a report on WhatsOnNetflix. Set to commence later in 2024, filming for the much-anticipated second season promises to delve even deeper into the riveting narrative and complex characters that captivated audiences in the initial installment. The renewal announcement signals the streaming giant's continued commitment to diverse and captivating storytelling from around the globe.

States and Union Territories have sought more time and wider consultations with all stakeholders including private hospitals, to proceed further on the Supreme Court's February directive to the Central government to work out standard rates for medical procedures and services, according to an affidavit the government filed in the apex court Monday. The Supreme Court on Monday agreed to hear a plea by an association of doctors and hospitals that questioned the government's move to prescribe rates for all hospitals. The matter is slated for hearing on September 10. In response to a public interest litigation filed by an NGO, the apex court had directed the Central government to come up with a concrete proposal specifying standard rates, in consultation with states. The court had warned of applying Central Government Health Scheme rates for treatment services at private facilities until standardised rates were set.

The risk-on momentum in technology stocks last week wasn’t lost on hedge funds, who scooped up the sector’s companies at the fastest clip in more than a year.

The Reserve Bank of India’s (RBI) working paper, Equity Markets and Monetary Policy Surprises, March 2024, is yet another attempt to make sense of the unfathomable ways of equity markets. This time, from the perspective of monetary policy; in particular, market expectations of the future path of policy and the impact of central bank communication and surprises on markets. Over the years, economists, financial wizards and others have tried to explain why stock markets behave the way they do.

BENGALURU : Wipro Ltd’s new chief executive officer Srinivas Pallia stands to make up to $7 million in remuneration in his first year. India’s fourth-largest technology services company has also agreed to pay $4.33 million to former CEO Thierry Delaporte, a first-of-its-kind cash payment made to any outgoing executive in the company’s history. Delaporte’s annual remuneration, when he was in office, was $10.1 million.

iPhone 16 Pro and iPhone 16 Pro Max, which are anticipated to increase from 6.1 to 6.3 inches and 6.7 to 6.9 inches, respectively, compared to their predecessors. Additionally, the images depict how these sizes stack up against the other models within the lineup.

Dematerialisation is the process by which a trader or investor converts physical share certificates into electronic shares. Physical shares can be dematerialised if they have the company's name and face value on them. To verify the physical share certificate, visit bseindia.com and enter the company name or ISIN.

Tata Sons is rushing to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, people familiar with the matter said. They added that both the airlines have approached the civil aviation regulator and started working on merging their operations manuals and transfer of flying crew from one airline to the other. The merger is an effort by the salt-to-steel conglomerate to simplify its aviation business. As part of that, while Air India and Vistara will be merged to create a full service airline, AirAsia India and Air India Express have been integrated to create a single low-cost airline.

Kolkata Knight Riders notched up a comfortable seven-wicket win over Delhi Capitals in their Indian Premier League match here on Monday. Opting to bat first, Delhi Capitals were stopped at 153/9 by KKR's disciplined bowlers. The home team completed the chase of 154 with 21 balls to spare. While batting, KKR raced to 79 for no loss in the power play with Phil Salt (68 off 33 balls) taking the DC bowling attack to the cleaners. Earlier, Delhi Capitals scored 67 runs in the power play while losing three wickets. However, the visitors simply caved in after the dismissal of their skipper Rishabh Pant (27 off 20 balls).

Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren’t clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues.

WhatsApp cannot issue GoI — or any government, for that matter — a fait accompli over encryption. The right to privacy is by no means absolute in any system of law, and governments are well within their rights to seek with due process information for law enforcement. There can be debate over what constitutes due process, and how to go about satisfying its requirements. In these pursuits, law and technology need to come closer on the art of the possible. But absolute positions, such as threatening to stop services if forced to dilute encryption on occasion, can end up badly. Indian courts, unfortunately, have a long list of precedents that fetter fundamental rights. So, it would be better for everyone that things don't come to such a pass.