UPS Financial News

Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years

Union Pacific reported 7% more fourth quarter profit as it managed to deliver more shipments with fewer employees and continued to make the railroad more efficient

Some Facebook, Instagram and Threads users are wondering whether to delete their accounts after Meta CEO Mark Zuckerberg’s announced changes to content rules and plans to its fact-checking program

U.S. President Trump is to speak to an international audience for the first time after returning into the White House with a speech and Q&A by video conference to the World Economic Forum’s annual event in Davos on Thursday

Subscribe to enjoy similar stories. Recently, a Chinese artificial intelligence (AI) company unveiled a language model brimming with innovations that make it 15-20 times cheaper than some of the best models globally, while offering comparable capabilities. Within days, another Chinese firm announced a model capable of handling inputs 20-32 times larger than any current global counterpart—equivalent to processing a 16,000-page pdf file.

Subscribe to enjoy similar stories. Bhumika Satpathy, 26, a software engineer who works for a Big Tech company in Bengaluru, has a rather sedentary job. She spends long hours at her desk and tries to counter the physical inactivity by hitting the gym when she can.

Vivian Jenna Wilson.

Budget 2025: Overall demand continues to remain soft as inflation of food, educational and telecom expenses put pressure on disposable income of the average Indian, and steps to leave more money in their hands in the upcoming Budget will be a welcome move, Pidilite Industries Ltd Managing Director Designate, Sudhanshu Vats said on Thursday. Addressing a virtual conference call, he said,«We are beginning to see a little bit of uptick in rural (markets) but we've got to see the same coming up all across.»

Kaikyokan Aquarium, where a sunfish’s unusual behaviour caught everyone’s attention. The poor fish wasn’t its usual lively self, and the staff soon realised that loneliness was the surprising culprit. Their creative solution? Human face cutouts!

Revenue from operations stood at Rs 290 crore in the October-December quarter of the current financial year (FY25), a surge of 32.6 per cent from Rs 218.72 crore in the year-ago period.

Samsung will raise investments in Indian R&D centres at Bengaluru and Noida that have played a key role in development of AI features for its latest smartphone Galaxy S25, the company's President and Head of Mobile eXperience (MX) Business T M Roh said on Thursday and added that the firm expects a larger role from these research facilities in future.

The big name firms, which collectively manage £430bn of investments for 3.4 million people, joined forces to oppose the methodology behind the tax policy which is due to come into force in April 2027. It was first announced in the Autumn Budget and has been criticised for being overly complex. Michael Summersgill is CEO at AJ Bell, Don Olley heads Hargreaves Lansdown, Steven Levin is CEO of Quilter and ii is headed up by Richard Wilson. Reeves to host meetings with financial services heavyweights over sector and UK growth plans The joint letter said while decisions on raising ta...

NATO Secretary General Mark Rutte on Thursday urged the United States to keep supplying Ukraine with weapons to fight Russia's invasion and said he was sure Europe was ready to pay the bill.

Kotak Mahindra Bank on Thursday said it has completed the acquisition of Rs 3,300 crore personal loan book of Standard Chartered Bank India following regulatory approvals. After having received the necessary regulatory approvals and upon fulfillment of the relevant conditions precedent, the bank on January 23, 2025, completed the acquisition, Kotak Mahindra Bank said in a regulatory filing.

SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets, as per a report.

These high-performing stocks that rallied more than 10% during the session included, Go Digit General Ins(14.29%), Jagsonpal Pharm(11.97%), Cigniti Tech(11.80%), Zensar Tech(11.65%), Coforge(11.32%), Omni Axs Software (11.29%), Polymech Mac(11.00%) and Persistent System(10.56%).

Subscribe to enjoy similar stories. When it comes to big techs, Oracle is hardly small-fry. But the 47-year-old software titan still has to play its hand deftly when it comes to the ultra-expensive game of artificial intelligence.

Subscribe to enjoy similar stories. A weaker yen is typically good for Japanese exporters but could push inflation higher because the country imports much of its energy and food. The Bank of Japankicked off a global market selloff last time it raised interest rates.

Dr Reddy's Laboratories on Thursday reported a 2% year-on-year growth in its December quarter consolidated net profit at Rs 1,413 crore versus Rs 1,379 crore posted in the year ago period. The Q3FY25 revenue from operations stood at Rs 8,359 crore which was up by 16% over Rs 7215 in the corresponding quarter of the previous financial year. The profit after tax (PAT) is attributable to the equity holders of the company.

Ajay Vora, Executive Vice President and Head — Equities, Nuvama Asset Management, says a consolidation phase is happening. If you're looking to invest, focus on areas where growth forecasts are improving and visibility is increasing. For example, banks are currently in a value phase, but investing in them requires a longer-term perspective. Your investment strategy will guide your choices, but there are good opportunities available in the market. What to make of this weakness in some of the financials? Everyone says the valuation is comfortable and the worse with respect to asset quality is perhaps over. The competition from MFI, etc, also has come down. Then why are people still not interested in buying some of these financials afresh? Ajay Vora: It is clearly the lack of growth. If you look at the largest private sector bank which reported the numbers, the NII growth was less than 10%, the PAT growth was around 2%. Until the time we do not get clarity on the growth, valuations may look cheap but I think that is clearly not the reason for someone to get in unless and until we get more clarity on the growth coming in the next few quarters.