UPS Financial News

By Sinéad Carew

By David Morgan and Richard Cowan

By Daina Beth Solomon

By Amanda Cooper

Investing.com — Canada’s main stock index, the S&P/TSX Composite index, tracked Wall Street’s main indices lower today as sentiment turned risk-off following the second revision of U.S. fourth-quarter GDP data.

Quiver Quantitative — Mitch McConnell, the longstanding leader of the U.S. Senate Republicans, has announced his decision to step down from his leadership role, a position he has held for nearly 17 years. This announcement, made on the Senate floor, marks the end of an era for the party and opens up a significant power vacuum. McConnell, who turned 82 last week, expressed a poignant acknowledgment of the inevitiveness of time and the need for a new generation of leadership. His tenure has been marked by significant achievements, notably his instrumental role in securing a 6-3 conservative majority in the Supreme Court, which led to landmark rulings on abortion and gun rights.

It seems that over the past decade or so, a whole host of stocks and sectors have been written off by investors. Newspapers, linear television, thermal power, anything related to the internal combustion engine, offline travel agents—the list is long. However, in the real world, many of them are still ubiquitous.

There has been a huge divergence in India among observers on the state of consumption in general and the health of rural demand in particular. Not surprisingly, there is also a squabble over the appropriate letter of the alphabet to denote the shape of consumption demand. There has also been a discernible cleft between rural and urban areas, as also between goods and services, when it comes to the rates and patterns of private consumption demand growth.

The European Union (EU) is quietly setting the direction for the future of carbon markets, with two pieces of regulation clearing big hurdles in recent weeks. Watch closely, because these initiatives will reshape the industry. On Tuesday, the European Commission and European Parliament struck a provisional deal to compile rules for certifying carbon-removal credits—the Carbon Removal Certification Framework (CRCF).

ICICI Bank has sanctioned Rs 500 crore debt facilities to Aditya Birla group-promoted jewellery retail store Novel Jewels to kick start its operations next quarter, said people with knowledge of the matter. The promoter companies infused Rs 290 crore in the company last year, the people said. Initially, Novel Jewels will launch about four to five stores sometime in July across various cities in north, west, and central India. Aditya Birla Group and ICICI Bank did not respond to ET's request for comments.

As the cryptocurrency market continues its journey after the recent SEC decision on Bitcoin ETFs, two developments have captured the attention of investors worldwide. First, Dogecoin (DOGE), everyone’s favorite meme-inspired coin, is on the rise with a flurry of daily transactions, showing that more people are jumping on board the crypto train.

BCCI) on Wednesday cracked the whip on cricketers who refused to comply with its directives requiring all centrally-contracted and A -team players, who are fit to play, to make themselves available for participation in the domestic cricket tournaments. The BCCI announced a list of 30 senior men’s cricketers, up from last year’s 26, for the annual central contracts, with Rohit Sharma, Virat Kohli, Jasprit Bumrah and Ravindra Jadeja remaining in the topmost Grade A+ category. However, two names were conspicuous by their absence – Shreyas Iyer and Ishan Kishan. Iyer, who had a Grade B contract, was part of the Test side for the first two matches against England before being dropped for lack of runs. He had some issues with his back and went to the National Cricket Academy (NCA) for treatment. However, despite being declared fit by the NCA, he informed the Mumbai Cricket Association that wouldn’t be available for the Ranji Trophy quarter-final against Baroda saying that he was suffering from back spasms. Since then, though, he has joined the Mumbai squad for the semi-final against Tamil Nadu starting from March 2.

Congress, BJP is keeping a close watch on the developing political situation in Himachal Pradesh. Earlier in the day, the party demanded division of votes on the budget in the assembly. But before that, 15 BJP MLAs, including leader of the opposition, Jairam Thakur, were suspended from the assembly. «The Congress government in the state is in minority. They couldn't pass the budget on division of votes. Therefore, they have suspended 15 MLAs of our party. This has happened for the first time in the history of Himachal Pradesh,» Thakur told media persons outside the assembly. The six rebel Congress MLAs, who had come from Panchkula to attend the budget session, went back after the assembly was adjourned. Sources in BJP told ET that these MLAs are now supporting BJP along with three independent MLAs.

Congress MLAs for staying away from assembly during the passing of the financial bill on Wednesday, Himachal CM Sukhvinder Singh Sukhu and Congress leadership were on Wednesday battling to save the CM's chair and the state government, a fallout of the clinical internal ambush of the party's Rajya Sabha candidate. This, even as state minister Vikramaditya Singh, son of the late Virbhadra Singh, resigned — who later clarified that he wasn't pressing for it — by raising a banner of revolt against the leadership of Sukhu, who had stood up to Vikramaditya's late father, a six-term CM, during his heydays. CM Sukhu ruled out resignation and opted to fight it out in a full-fledged power-struggle against BJP in the backdrop of delicate number games, check-mating moves and prospective legal wrangle.

Alexei Navalny's funeral will be held in Moscow on Friday, his wife Yulia announced, but she said she was unsure if it would pass off peacefully and that plans for a civil memorial service had been blocked. Kira Yarmysh, Navalny's spokesperson, posted on X that a service for Navalny would be held on Friday afternoon in the Church of the Icon of the Mother of God in the Moscow district of Maryino where Navalny used to live. Navalny would then be buried at the Borisovskoye cemetery, around 2.5 km (1.5 miles) away on the other side of the Moskva River.

Bitcoin rose above $63,000 for the first time since November 2021 on Wednesday morning, buoyed by a surge in trading activity in spot bitcoin exchange-traded funds this week.

(Reuters) -Universal Music Group will cut jobs and streamline its operations with the aim of generating 250 million euros ($271.03 million) in run-rate savings by 2026.

Crypto exchange Binance unveiled a new promotion on February 28 for its VIP Invitation Program that is set to target traditional asset traders.

₹67.20 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 29, 2024. The company informed the bourses that it allocated 2,39,99,565 equity shares at ₹28 per share on Wednesday, February 28, 2024, to six anchor investors.

iOS 18 update may first be seen on the next generation of iPhones in September, before rolling out to other devices a few days later. However, even before the official announcement of iOS 18, a new leak has provided a glimpse of the names of iPhone models that could receive the iOS 18 update later this year.

UConn forward Aaliyah Edwards signed a big name, image and likeness contract this week with Adidas Canada, but wasn’t allowed to speak with reporters about it for fear that promoting the deal might jeopardize her student visa