UPS Financial News

16.01 / 22:45

markets COST UPS FIVE track Average rate on 30-year mortgage hits 7%, its fifth straight increase

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months

16.01 / 22:45

COST UPS Food reports Department US retail sales rose modestly last month amid solid holiday shopping

Americans stepped up their spending at retail stores and restaurants last month in a clear sign that consumers are still able and willing to shop

16.01 / 22:45

markets UPS economy pandemic reports Department More Americans file for unemployment benefits, but layoffs remain historically low

The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy

16.01 / 21:45

Blockchain UPS Platform coinbase Bitcoin cover Coinbase Is Offering Loans Against Your Bitcoin. Should You Get One?

If you're a Coinbase (COIN) user, you may be able to use the bitcoin (BTCUSD) you own as collateral to get a loan.

16.01 / 21:23

markets UPS CEO JPMorgan Election Solomonic Trade Wall Street banks had a great quarter, and the boom times are just starting

In this article

16.01 / 21:11

markets COST UPS UnitedHealth reports shock patient UnitedHealth, the company that employed slain CEO Brian Thompson, allegedly overcharged some cancer patients by more than 1,000% for their medications

pharmacy benefit managers (PBMs) in the US namely OptumRx of UnitedHealth, Express Scripts and CVS Caremark collectively profited by approximately $7.3 billion through significant price markups on essential medications between the year 2017 and the year 2022, reported Fortune.

16.01 / 21:03

markets UPS Digital Strategy President PAM Donald Trump unveils his blacklists, labels John Bolton as 'Dumb as a Rock,' Nikki Haley as 'Birdbrain,' and others as people suffering from Trump Derangement Syndrome

16.01 / 19:21

UPS security Strategy economy trends ‘Not theirs for the taking’: Can the Canadian pension model survive a new era of politicization?

Rachel Reeves, the U.K.’s new chancellor of the exchequer, had a goal in mind when she flew to Toronto last August to meet with the heads of some of Canada’s largest pension funds.

16.01 / 19:21

UPS Racing Election country mountaineering Could Canada's oilpatch trust another Liberal? Here's how the PM contenders stack up

Prime Minister Justin Trudeau‘s decision to step down in March will mark the end of a tumultuous era in the Canadian oilpatch that put the country’s energy sector on a collision course with a growing climate movement, the rise of green investing and organized political opposition to pipelines.

16.01 / 19:21

UPS Waters Extreme wellness testing mountaineering Extreme cold in central U.S. threatens to break records, test power grids

A blast of extreme cold is poised to descend on the central United States this weekend before spreading to New York and the rest of the East Coast, testing power grids and threatening to break temperature records.

16.01 / 18:27

markets UPS Reuters economy show consequences Mortgage rates rise above 7% for first time since May

Romer Debbas managing partner Pierre Debbas says the economic consequences from the California wildfires will continue to be an unfortunate story.

16.01 / 17:57

UPS Analysis Saba pushes Herald up to a premium as it 'aggressively' buys up shares in bid to 'force through agenda'

US hedge fund Saba Capital had a 26% stake in the trust as of last Friday (10 January), but recent Stifel analysis found it has nearly reached the shareholder 29.9% limit. The activist investor launched a takeover campaign against HRI and six other trusts it has a major holding in at the end of last year, predicated on the complaint their boards failed to hold the investment managers accountable for the trusts' wide discounts to their respective net asset values, and therefore let clients down. Proxy voting advisers side with Herald board to vote against Saba Capital Saba's founder...

16.01 / 17:39

UPS security Trade President country Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

In a heated Senate confirmation hearing for Pete Hegseth, Sen. Tammy Duckworth grilled the proposed defense secretary over the Association of Southeast Asian Nations, asking him if he could name one member and how many countries were in the bloc

16.01 / 16:51

COST UPS Election Bill inclusion Poilievre pledges to reverse Liberals’ capital gains tax changes if elected

Conservative Leader Pierre Poilievre on Thursday promised to reverse the Liberal government’s controversial changes to capital gains taxes if he takes power in the next federal election.

16.01 / 16:49

markets UPS Digital Platform inclusion Jio advances 5G and AI technologies, strengthens digital inclusion in India, shows Q3 result

Jio continues to expand its True5G network, with over 170 million subscribers now on the platform, accounting for 40% of its wireless traffic, the company said in its quarterly (Q3) result.

16.01 / 16:49

markets UPS Strategy Highways Death country Faulty road construction should be made non-bailable offence: Highways Minister Nitin Gadkari

Road Transport and Highways Minister Nitin Gadkari on Thursday said faulty road construction should be made a non-bailable offence and road contractors and engineers should be held responsible for accidents and sent to prison. Addressing an event organised by industry body CII, Gadkari further said India is number one in road accidents in the world.

16.01 / 16:49

markets COST UPS economy Healthcare show Can Donald Trump tackle rising costs? Poll shows most Americans skeptical about groceries, housing, and healthcare

16.01 / 15:33

markets UPS TikTok social Features Videos Duolingo sees 216% rise in new US users learning Mandarin. Why are Americans learning Chinese?

TikTok ban looms in US, users in America are turning to another Chinese app- Xiaohongshu also known as RedNote. Since Shanghai-based RedNote is tailored for a Chinese audience, its default language is Mandarin. This has driven a surge of US users to Duolingo for a crash course in Mandarin.

16.01 / 15:33

markets UPS Action Food Experts show Schools FDA bans Red Dye No. 3 – Is your favorite snack on the list? Find out here

US Food and Drug Administration (FDA) has banned the use of Red Dye No. 3 in food, beverages, and ingested medications. The synthetic colourant, also known as erythrosine, has been linked to cancer in animal studies, a connection that has prompted concern from public health advocates for over 30 years. The FDA’s decision follows increasing pressure from health organisations and a petition filed in November 2022 by multiple groups, including the Centre for Science in the Public Interest and the Environmental Working Group.

16.01 / 15:33

UPS Football fun Features Videos World's most viewed reel is from an Indian: Kerala boy breaks Guinness record with 554 million views

16.01 / 15:33

markets UPS Cooper Strategy Relationships Albanian PM Edi Rama kneels for Giorgia Meloni at Abu Dhabi Summit-What was the real reason?

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