UPS Financial News

Gold prices hit all-time high on strong US inflation figures, Fed rate cut buzz. Silver price also climbs a new peak Drawing inspiration from the upward movement of gold, platinum surpassed the significant psychological threshold of $1,000 per ounce, reaching its highest point in almost four months. The White House emphasized the genuine and substantial threat of a potential attack by Iran on Israel, without disclosing specific timing details.

Last December, Bank of Canada governor Tiff Macklem suggested we’d ride an economic rollercoaster on the way back to two per cent inflation. “We can’t rule out bumps along the way,” he warned.

Imagine if in her Tuesday budget federal Finance Minister Chrystia Freeland announced higher taxes on capital gains — except for women, visible minorities and Black, LGBTQ+ and Indigenous Canadians. Most people would be appalled.

Despite Wednesday’s jump in U.S. inflation, the Bank of Canada meeting and Canada’s 14-basis point eruption in 5-year bond yields, our leading mortgage rates are still flat versus last week.

Funding among Indian fintech startups has dropped 57% year on year to $551 million in the first three months of 2024, compared to $1.3 billion raised in the same period last year, according to the Fintech India report released by data intelligence platform Tracxn on Friday. However, despite the year-on-year decline, there was a 59% rise in fintech funding from the previous quarter (October to December 2023).

ALSO READ: IPL 2024: Jasprit Bumrah reveals secret to success after MI vs RCB clash, ‘don’t be one trick pony, I train for…' However, he was upset with one thing. It was RCB's Dinesh Karthik slamming the last ball of his spell over cover for six. This was only the second six in 120 deliveries Bumrah conceded this IPL season.

Self employment, for me at least, is a never-ending contest between the world’s worst manager and the world’s laziest employee. Laboring on into one’s 60s adds the complication that a goodly number of one’s friends and associates have called it quits. Once consumed by jobs and family obligations, they suddenly have time on their hands.

AUGUSTA, Ga.—Tiger Woods has faced a never-ending series of injuries, surgeries and setbacks that have threatened his golf career. But he has made it back each time, even after long layoffs and doubts—including from Woods himself—that he would play competitively again. All those injuries have taken a physical toll, making it tough for Woods merely to walk 18 holes.

The U.S. and Japan have outlined plans to invest in infrastructure, semiconductor and nickel projects in the Philippines as the three countries seek to deepen ties amid tensions with China. The initiatives, outlined in a joint statement by the countries’ leaders late Thursday, were announced as Philippine President Ferdinand Marcos Jr.

Anand Rathi Wealth reported a consolidated net profit of Rs 57 crore for the quarter ended March, up 33% compared with the year-ago period. Total revenue for the same period rose 34% year-on-year to Rs 197 crore.

Ajay Rai on Friday mocked BJP leader Smriti Irani who has been constantly attacking Rahul Gandhi and the grand old party during her campaigns for the 2024 Lok Sabha polls. Irani is BJP's candidate from Amethi. Mocking Irani, Rai said that she is «seems to be losing her mental balance and PM Modi should get her treated by a good doctor». Rai was reacting to Smriti Irani's statement today in which he accused Rahul Gandhi of ignoring Amethi. Earlier, Irani said when a minister from Karnataka asked Rahul Gandhi why he was contesting elections from Wayanad, he replied that the people of Wayanad are more loyal. «I want to ask, are the people of the area from where he was MP for 15 years not loyal? Are they traitors?» Irani asked.

foreign exchange reserves touched a fresh record high of $648.56 billion in the week ended April 5th, topping the previous high of $645.58 billion, latest data published by the central bank showed. The reserves rose by $2.9 billion and were primarily driven by gold assets that climbed $2.4 billion. A spike in bullion (gold) prices has caused reserves to surge. This is the third time in the past two months where reserves have touched fresh highs. Potential supply chain disruptions spawned by uncertain geopolitics in West Asia and Eastern Europe prompted central banks to increase their gold assets, helping mitigate the impacts of currency volatility and elevated interest rates in the US.

Reserve Bank of India has rejected two more applications, including that of Dvara Kshetriya Gramin Financial Services, for setting up small finance banks. Earlier in July 2023, it had rejected three applications. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs). The guidelines for 'on tap' licensing of Universal Banks and SFBs in the private sector were issued on August 1, 2016, and December 5, 2019, respectively.

The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data.  

Mint. Discharges like jarosite that mostly went to landfills will now generate byproducts that can be used in the fertilizer and paint industries. This can reduce the waste generated by the leading zinc producer.

NEW DELHI : Nothing is as powerful as an idea whose time has come, except when everyone has the same idea. Over a five-week stretch starting 25 January, I saw the same scene play out thrice on the big screen in three different films. First came Fighter, which had a recreation of the attack by a Jaish-e-Mohammed suicide bomber on a Central Reserve Police Force convoy at Pulwama in 2019, in which 40 soldiers were killed.

1. LG 8 Kg 5 Star Inverter TurboDrum Fully Automatic Top Loading Washing Machine The LG 8 Kg 5 Star Inverter TurboDrum Fully Automatic Top Loading Washing Machine is a top contender in home appliances for those seeking both efficiency and performance. Featuring innovative Smart Inverter Technology, it not only offers great wash quality but also ensures significant energy savings.

₹7,229.10, the scrip is almost 12 percent away from its record high of ₹8,192.00, hit on October 6, 2023. But, it has recovered 25 percent from its 52-week low of ₹5,780, hit on April 12, 2023. Meanwhile, in the long term, shares of Bajaj Finance have delivered over 4000 percent return to their shareholders in the last 10 years.

Mumbai Indians' loyal fans, with the 29-year-old regularly being booed during IPL matches this season. While it would be expected that being subjected to the taunts by fans would make the MI captain uncomfortable, teammate Ishan Kishan suggests that Pandya is taking the challenge in his stride and may even be enjoying the fans' behaviour.

Dan Savickas, director of policy for the Taxpayer's Protection Alliance, spoke to FOX Business about former President Trump's proposed 60% tariff on Chinese imports and the effects of tariffs on American consumers.

Two-wheeler sales too recovered, growing by over 13% to 17.9 million units in the year under review. However, overall volumes are still shy of the peak of 21 million units reported in FY19. Meanwhile, sales of commercial vehicles remained flat at 967,000 units last fiscal. In March, the last month of the financial year, the cumulative sales of cars, sedans and utility vehicles was 368,086 units, up from 336,000 a year, as per data available with industry body Society of Indian Automobile Manufacturers (SIAM).