UPS Financial News

Subscribe to enjoy similar stories.Moviegoers couldn’t resist the chance to see Meryl Streep and Anne Hathaway reprise their roles as fashion magazine diva Miranda Priestly and her former assistant in Walt Disney’s The Devil Wears Prada 2.The 20th Century Studios’ remake of the 2006 hit film cat walked to the top of the domestic box office with an estimated $77 million take through Sunday, according to Comscore.AMC Entertainment, the nation’s largest movie theater chain, offered luxury-inspired popcorn handbags in select theaters on opening day, perhaps contributing to its $32.5 million in ticket sales on Friday.Comscore’s head of marketplace trends Paul Dergarabedian said The Devil Wears Prada 2 overperformed in international markets, where it raked in $156.6 million—more than twice what it sold in the U.S. and Canada—for an estimated $233.6 million global opening.

Subscribe to enjoy similar stories.TOKYO—One of the major surprises about the gravest energy shock since the 1970s is how resilient much of the world has been so far.The closure of the Strait of Hormuz has yanked around 13 million barrels of oil a day from global energy supplies. Blackouts have hit Pakistan, the Philippines has imposed a four-day workweek, and countries including Slovenia and Bangladesh have rationed fuel.

Subscribe to enjoy similar stories.President Trump said Sunday the U.S. would start guiding commercial ships out of the Strait of Hormuz where they have been trapped by the war between the U.S.

Subscribe to enjoy similar stories.For many Indian households, the rupee hitting a record low of 94.85 to a US dollar might feel like a distant headline that has little to do with their finances. Especially when no child studies abroad, no holiday is booked overseas, and no money sits in any international fund.It is easy to assume households are insulated from the volatility of the foreign exchange market.However, the reality of a globalized economy is that the dollar is woven into the daily life of an Indian household, even with no direct spending in dollars.

Subscribe to enjoy similar stories.WASHINGTON—The antiabortion lobby expected to be more triumphant by now: A conservative Supreme Court overturned Roe v. Wade, Republicans control both chambers of Congress, and the self-styled “most pro-life president in history” again occupies the Oval Office.But abortions are up in the years after the overturning of Roe, and the antiabortion lobby has a new locus for blame.

Subscribe to enjoy similar stories.Split pricing has its benefits. If something is sold to price-insensitive customers at a steep mark-up, then overall utility can be maximized if the extra charge allows price reduction for others. This idea works best when consumption is easily divided.

Subscribe to enjoy similar stories.Whether the majority of the exit poll predictions regarding the landslide victory of the incumbent National Democratic Alliance (NDA) government come true or not will be known later on Monday. However, the newly-formed government, irrespective of the party, will be inheriting an economy full of contradictions—of high economic growth and low income.

Subscribe to enjoy similar stories.Infosys Ltd is accelerating its push into global capability centres (GCCs), leaning into a structural shift that otherwise threatens its core outsourcing business and that of the broader IT industry.The Bengaluru-based IT major has mandated dedicated GCC offerings with embedded AI capabilities across its delivery centres, while also setting aside capacity within its campuses to incubate client-owned tech hubs.The push comes as multinational companies increasingly set up their own capability centres to directly leverage India’s skilled talent and low costs, insourcing work that would have otherwise gone to IT services firms like Infosys, and potentially crimping their revenues.India currently has about 1,760 GCCs. Nasscom estimates India to have 2,200 GCCs by March 2030, with the sector reaching $105 billion by March 2030.To be sure, Infosys is not alone in trying to build a business from a trend that also poses a threat.

Subscribe to enjoy similar stories.India’s power prices on electricity exchange hit zero for the first time on Friday, 1 May, raising concerns for investors and developers as the country moves towards its target 500 giga watt (GW) non-fossil capacity by 2030.Data from the Indian Energy Exchange (IEX) showed power prices were at zero in two blocks of 15 minutes each on Friday, as demand dipped due to easing temperatures and low industrial demand but power supply — especially solar power — climbed, bringing prices down.The dip in demand came from partly cloudy skies, light rains, and gusty winds in northern India and Delhi-NCR, and heavy rainfall in parts of eastern India. Similar weather was witnessed on Saturday, 2 May.To be sure, power prices on the real time market (RTM) platform of the IEX had dropped to near-zero twice earlier—on the afternoon of 5 April, and on 25 May last year, under similar circumstances.In a LinkedIn post on on Friday, IEX said: “Cooler weather, record solar generation (~57.5 GW), and inflexible thermal supply are leading to ample sell-side availability on the Exchange.

Subscribe to enjoy similar stories.Looking at her bold, singular designs, it is hard to believe that jewellery designer Bhavya Ramesh never formally studied the craft. The engineering graduate, who describes herself as “completely self-taught”, started her eponymous label in 2018 with a small investment from her father, and one clear goal: “I wanted people to look at my work and say, ‘I’ve never seen anything like this before.’ That’s still my only aim,” she tells Lounge over a video call from Mumbai.A D2C brand that began online, the label has, in recent years, made a confident leap into offline retail, with two stores in Mumbai and a newly launched outpost in Khan Market, Delhi. While the move signals the brand’s growth, Ramesh says the real push came from customers.

Subscribe to enjoy similar stories.New Delhi: Situated 33 kilometers from the busy streets of Pune is Chakan, home to automobile manufacturers and their suppliers. One company in this area is electric bus maker Eka Mobility.

Subscribe to enjoy similar stories.At his confirmation hearing last week, Kevin Warsh [US President Donald Trump’s nominee for Federal Reserve Chair] dodged questions about interest rates, tariffs and the 2020 election. As his nomination to be chair of the Federal Reserve heads toward confirmation after clearing the Senate Banking Committee Wednesday, it’s worth focusing on an equally troubling gap in his public record: his near silence on anything related to employment.Warsh gave a perfunctory nod to the Federal Reserve’s dual mandate—price stability and maximum employment—in last week’s testimony, but while he extensively discussed the former, he essentially ignored the latter.

Subscribe to enjoy similar stories.Pakistan has stepped up to play a useful role in mediating between the United States and Iran in attempting to bring the latest West Asian war to an end. It should not surprise us that the Pakistani establishment, which has a culture of geopolitical risk-taking, has turned adversity into an opportunity.Not only does the continuation of the war mean economic disaster, there is a real chance that Pakistani armed forces can be summoned to a war that they do not want to fight.

Subscribe to enjoy similar stories.It’s odd to see Zach Galifianakis being sweet.A uniquely gifted comedian with significant acting range — from The Hangover movies to the Baskets TV series — Galifianakis has, in recent years, become known for the insulting and underprepared interviewer persona he puts on for his YouTube series Between Two Ferns. On it he asked Barack Obama how it felt to be the last black President (“Seriously?” Obama responded) and told Brad Pitt, “You play a lot of people that are Nazi hunters, which is weird to me.” “Why do you say that?”, Pitt asked.

Subscribe to enjoy similar stories.When the 1973 oil crisis struck, it dramatically changed the way that economies used fossil fuels such as petroleum. Economies are still fossil-fuel dependent, but much less than about 50 years ago. The West Asia war could prove another turning point in the story of dependence on fossil fuels.

Subscribe to enjoy similar stories.At the FIDE Women’s Candidates Tournament 2026, which took place in Cyprus from March 28 to April 15, eight of the sharpest minds in chess matched wits and will over 14 rounds in 19 days, hoping to survive and eventually surpass the field. For Indian star Vaishali Rameshbabu, it was a defeat deep in the tournament that brought some respite.Having started the Candidates with four draws and a loss, Vaishali, the lowest rated player in the field, found herself one full point ahead of the rest after beating Aleksandra Goryachkina in round 11.

Subscribe to enjoy similar stories.Shortly after Charles Schwab announced in April that it would soon allow investors to trade crypto directly on its platform, financial advisor Jeff Judge received a question from a 68-year-old client who had always dismissed Bitcoin: Was he “missing something?” the client asked Judge.The client ended up investing $125,000—some 5% of his $2.5 million portfolio—in a crypto exchanged-traded fund (ETF).“Institutional credibility moved the needle in a way that price performance never did,” said Judge, managing partner at Chesapeake Financial Planners in the Baltimore area. “When Fidelity, BlackRock and now Schwab put their name on it, older investors interpret that as a green light, or at least a sign they should ask the question.”Crypto has surged to a $2.6 trillion market cap, up more than 1,000% from April 2020 as retail investors and institutional ones alike have taken an interest in digital currency.Bitcoin’s price jumped from roughly $8,000 per coin in early 2020 to as high as $126,000 per coin in October of last year.

Subscribe to enjoy similar stories.Eli Lilly Chief Executive Dave Ricks was on stage with Nvidia founder Jensen Huang earlier this year in San Francisco touting the company’s tech prowess when Huang teased him about the painstaking process of developing new drugs.“I’m really hoping that your industry moves from drug discovery which is kind of like wandering around the forest looking for truffles,” Huang said, in front of a crowd of biotech and pharma investors.Indeed, Ricks and the rest of the pharmaceutical industry are looking to expand beyond collecting soil samples and bark pieces to find new drugs and are instead turning their hopes—and investment dollars—to AI. Lilly first announced a partnership with chip-maker Nvidia in October to build what it called the industry’s most powerful supercomputer, and expanded that in January with a $1 billion, five-year collaboration mixing their scientists and engineers in a new Bay Area lab aimed at discovering new medicines with AI tools.They aren’t alone.

Subscribe to enjoy similar stories.Around two decades after exiting India, UK cosmetics brand Lush has re-entered the market, looking to tap into the country’s growing luxury beauty segment.The maker of bath bombs, shower jellies and solid shampoo bars has partnered with Bengaluru-based Bilberry Brands under a licensing agreement, beginning with an online launch and a physical store in Delhi. A second Delhi outlet, along with stores in Gurugram and Mumbai, is expected to open soon. It plans to open seven stores by the end of 2026.In a video interview, Lush co-founder Rowena Bird discusses the brand’s return to India.

Subscribe to enjoy similar stories.BENGALURU: Cognizant Technology Solutions Corp. is cutting jobs as it pivots towards artificial intelligence (AI), marking one of the first instances of a large IT services firm explicitly linking AI-led disruption to headcount.In an internal memo to more than 350,000 employees, Surya Gummadi, head of Cognizant’s US business, said the layoffs reflect a “real” and “accelerated” shift in how the industry operates, with the company moving to redeploy resources towards AI capabilities and partnerships.

Subscribe to enjoy similar stories.“Do you think you’re Superman?” Meera (Sai Pallavi) scolds her colleague Dino (Junaid Khan) after he nearly gets run over saving a child who wanders into traffic. He protests, and he’s right to. Dino is uncoordinated, underconfident, uncertain.