UPS Financial News

The newest Solana meme coin DogWifCat ($DWIFC) launched at 17:00 UTC yesterday, Wednesday March 20th, and has soared 2,367% to $0.01021 as frenzied buying accelerates.

German soccer and Adidas are breaking up

Thousands of South Africans are lining up for water as the country’s largest city, Johannesburg, confronts an unprecedented collapse of its water system affecting millions of people

Stocks are extending their push to record highs in morning trading on Wall Street, led by big gains in chipmakers

Stocks that are trading heavily or have substantial price changes on Thursday: Micron, Broadcom rise; Five Below, Designer Brands fall

Former President Donald Trump’s lawyers are continuing to press appellate court to excuse him from covering a $454 million civil fraud judgment while he appeals

Japan has reported its exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery

The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security

For Democrats trying to defend the White House and Senate majority, Democratic Sen. Bob Casey of Pennsylvania is emerging as the tip of the spear in trying to reframe the election-year narrative around inflation

Sales of previously occupied U.S. homes rose in February from the previous month to the strongest pace in a year as homebuyers were encouraged by a modest pullback in mortgage rates and more properties on the market

The average long-term U.S. mortgage rate climbed back to nearly 7% this week, pushing up borrowing costs for home shoppers with the spring homebuying season underway

Americans are getting richer, setting up the municipal bond market for a bounty of opportunity.

The biggest cryptocurrency by market value is continuing to rally with the price reaching above $65,000 (€59,919) in the early Asian trade on Monday, as institutional investors pushed up the prices of cryptocurrencies. 

It’s 7 a.m. and the fresh cup of coffee in Adam Waterous’ hands isn’t providing him fuel to pump Strathcona Resources Ltd., which he built from scratch to become Canada’s fifth-largest oil producer prior to taking it public five months ago.

There were several items that came out of the fourth-quarter national balance sheet data in Canada that leave us with a view that any positive “wealth effect” on spending is subsiding, that households are hunkering down and sharply reducing their appetite for debt, and that the Bank of Canada is going to end up having to cut rates sooner and harder than the United States Federal Reserve, with negative repercussions for the listless loonie.

What could be in the federal budget that Finance Minister Chrystia Freeland is delivering on April 16? It’s really anyone’s guess, but some insights can be gleaned from the government’s recent pre-budget report, as well as from various pre-budget industry newsletters, each offering up their own predictions and recommendations of what might be in store.

By Nivedita Balu

business activity held steady in March, but prices increased across the board, suggesting that inflation could remain elevated after picking up at the start of the year. S&P Global said on Thursday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, dipped to 52.2 this month from 52.5 in February. A reading above 50 indicates expansion in the private sector.

existing homes made the biggest jump in a year last month on improved housing supply, according to industry data released Thursday, as mortgage rates held at a slightly lower level. Existing home sales advanced 9.5 percent in February from January to an annual rate of 4.38 million, seasonally adjusted, the National Association of Realtors (NAR) said.

midcap stocks hold potential to deliver decent growth. HSBC has identified 8 midcap stocks, which could give up to 58% returns. The Hong Kong-based brokerage argues why it considers them a safe bet. HSBC has dispelled fears of a deeper correction in midcaps from here, like what happened in 2018 when the BSE Midcap index fell by over 13%. It said many midcap stocks have even corrected 35-50% with valuations coming down to the 5-year mean. Moreover, the midcap market breadth has declined to 73% from 90%+ at the beginning of the year (versus 60% which is the normal cycle average breadth). This signals a limited downside.

Rural Development Ministry may notify revision in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme and it has received a clearance from the Election Commission as the poll code is in force, sources said on Thursday. Though ministry officials refused to comment on the issue in view of the model code of conduct (MCC) being in place after the announcement of the Lok Sabha poll schedule, they said it is a «routine» matter and that ministries approach the EC for clearances when the model code is in place. According to a source, the changes in rates are to be notified for the upcoming financial year starting April 1. «It's the regular process of revision of rates every financial year from April 1. The ministry has taken permission from the EC for notifying it,» the source said.