UPS Financial News

15.01 / 19:29

markets UPS Align Cycling country stars Housing market cools heading into 2025, but CREA eyes spring rebound

Signs of a burgeoning housing rebound fell flat as temperatures cooled across the country in December, but the Canadian Real Estate Association sees the stars aligning for a busy spring market.

15.01 / 18:39

COST UPS Target Manufacturing President band 'A disaster:' Auto sector cries foul after Ottawa ends EV rebates but keeps sales mandate

A day after the federal government announced that its rebate program to lower the cost of electric vehicles had run out of funding, the auto sector is banding together to renew its calls to eliminate EV sales mandates.

15.01 / 18:39

UPS Maxim Action security hospital travelers Are we going to be OK in retirement without healthy defined benefit pensions?

Are we going to be OK in retirement without healthy defined benefit employer pensions? This is the question Anthony, 54, and Deirdre, 53, are trying to answer.

15.01 / 18:39

markets UPS JPMorgan economy wellness reports JPMorgan posts record annual profit as major U.S. banks thrive in final quarter of 2024

WASHINGTON — JPMorgan Chase & Co.‘s net income soared 50 per cent to more than US$14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts. Other major banks reported banner earnings for the year as businesses and consumers continued to spend despite elevated interest rates.

15.01 / 18:39

COST UPS Career Research Freedom travelers Relationships Financial advice from parents that millennials and gen Z need to give up

A new financial landscape meansyounger Canadians need to rewrite some of the old rules around money.

15.01 / 18:21

markets COST UPS Target Food reports Here's the inflation breakdown for December 2024 — in one chart

Inflation ticked up in December on the back of higher energy and food prices, the Bureau of Labor Statistics reported Wednesday.

15.01 / 18:21

UPS CEO economy Election Solomonic show There's been a 'meaningful shift' in CEO confidence since Trump's election, says Goldman's Solomon

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15.01 / 17:51

UPS Provident Platform Strategy Research Trade Zepto's annualised GOV touches $3 billion, up three times in 8 months

Quick commerce platform Zepto's annualised gross order value (GOV) has touched $3 billion (around Rs 24,500 crore) in January, up from $1 billion about eight months ago, chief executive Aadit Palicha announced on LinkedIn.

15.01 / 17:13

markets UPS Analysis Trade Experts show RBI introduces daily VRR operations to boost banking liquidity amidst deficit

banking system by announcing daily variable rate repo (VRR) operations, which would accompany the up to $3-billion worth of dollar-rupee buy-sell swaps conducted since Friday, as Mint Road seeks to restrain short-term interest rates that otherwise threaten to dislocate India’s money markets. The first such VRR auction, starting Thursday, will be for Rs 50,000 crore, and the Reserve Bank of India (RBI) will decide on a further auction amount based on the liquidity conditions for that day, the central bank said in a statement Wednesday evening. A reversal of the auction will take place the next day.

15.01 / 17:13

markets UPS Digital security Strategy PAM SFB NPAs to go up, loan growth to slow to 18-20 pc in FY25: Icra

Icra on Wednesday said small finance banks (SFBs) will see an uptick in delinquencies in FY25, and the asset growth will slow down to 18-20 per cent. The slowdown in growth from the 24 per cent in FY24 was attributed to the industry-wide concerns in the microfinance segment, where almost all SFBs are active.

15.01 / 17:07

UPS security Mobile wellness students reports Black Hawk helicopters, drones are part of Canada’s new border security plan

Black Hawk helicopters that will be used to help patrol the border.“We have deployed 60 new drones along our border with the United States, and we will be deploying additional surveillance towers. We are acquiring new technology such as x rays, mobile x rays, and handheld chemical analyzers.

15.01 / 16:57

markets UPS Trade country International OPEC sticks to oil-demand view

Subscribe to enjoy similar stories. OPEC’s overall forecast remains significantly more optimistic than others in the industry. The Organization of the Petroleum Exporting Countries stuck to its oil demand forecast for this year after a series of cuts and projected broadly stable growth into 2026.

15.01 / 16:41

UPS Citi Manufacturing WhatsApp Welspun inks pact with Saudi Aramco for setting up manufacturing facility

Welspun Corp Ltd on Wednesday said it has signed a pact with Saudi Aramco to establish a Longitudinal Submerged Arc Welded (LSAW) line pipe manufacturing facility in Saudi Arabia. The facility, located in Dammam 3rd Industrial City, will have an annual production capacity of 350,000 MT and is expected to commence operations by mid-2026, the company said in a statement.

15.01 / 14:39

markets UPS Digital Strategy Experts PAM Microsoft launches Copilot Chat for businesses to boost AI adoption

on-demand AI agents for routine tasks, betting on the pay-as-you-go model to drive up the adoption of the technology.

15.01 / 14:39

markets UPS Action Strategy Amicus Courts May initiate contempt action if states, UTs non compliant against misleading ads: Supreme Court

Supreme Court on Wednesday warned states and union territories of contempt action if they failed to act against misleading advertisements. A bench of Justices Abhay S Oka and Ujjal Bhuyan perused a note submitted by senior advocate Shadan Farasat, who is assisting the apex court as an amicus curiae in the matter, and observed a number of states were non-compliant as indicated in the note.

15.01 / 14:33

COST UPS Target Manufacturing wellness reports MHI planning new scheme for indigenous production of battery components

Subscribe to enjoy similar stories. New Delhi: The ministry of heavy industries (MHI) is preparing a concept note to garner support for a scheme to promote domestic manufacturing of battery components, MHI joint secretary Vijay Mittal said. “The ministry is currently developing a concept note aimed at bringing policymakers together to agree on specific schemes that will support the manufacturing of components.

15.01 / 14:33

markets UPS Career Kellogg students Universities Schools Even Harvard M.B.A.s are struggling to land jobs

Subscribe to enjoy similar stories. The difficult recruiting environment is a new reality, said Kristen Fitzpatrick, who oversees career development and alumni relations for HBS. Landing a professional job in the U.S.

15.01 / 13:47

COST UPS Department strain Headlines Inflation rises 2.9% in December, in line with expectations

Kudlow panelists John Carney and Brian Brenberg discuss job growth and the Feds moves.

15.01 / 13:39

markets COST UPS Target Food trends reports US inflation likely remained sticky-high last month, threatening interest rate cuts

U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year

15.01 / 13:25

UPS Citi Waters Southern Experts Universities mountaineering Trump’s claim Canada’s water would stop L.A. fires ‘preposterous’: experts

deadly and historically destructive wildfires, U.S. president-elect Donald Trump has made what experts call “preposterous” and false claims that California could have avoided the disaster by allowing water from Canada to flow through the state.Trump, who has fixated on California’s water management issues before and has raised them once again amid the fires, reiterated his claim about Canadian water in an interview with Newsmax Monday evening.“You know, when I was president, I demanded that this guy, the governor (of California), accept the water coming from the north, from way up in Canada,” Trump said.“It flows down right through Los Angeles.

15.01 / 12:45

markets UPS Provident CEO Strategy PAM Strong case for GST reduction on two-wheelers up to 125 cc to 18 pc, says Hero MotoCorp CEO

Hero MotoCorp CEO Niranjan Gupta said on Wednesday.

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