UPS Financial News

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U.S. wholesale inflation rose last month on higher energy prices

Subscribe to enjoy similar stories. A new blaze sparked up in Southern California and nearly 13 million people were under critical or extreme fire warnings, underlining the task still facing fire crews and emergency responders in the weeklong fight against rampant wildfires. Further evacuation orders were issued overnight in Ventura County, northwest of Los Angeles, as a fire raged.

Subscribe to enjoy similar stories. China’s central bank again vowed to help the economy grow this year, firming expectations of more monetary easing as it walks a fine line between conflicting policy targets complicated by a possible trade war with the U.S.

Canada’s ambassador to Washington says Canada is prepared to buy more from the United States including its next fleet of submarines to appease President-elect Donald Trump's concerns about the U.S.-Canada trade deficit

electric vehicle for their next purchase, although 60 per cent of them considered charging infrastructure as a major challenge, according to a study. The global study by Tata Consultancy Services surveyed over 1,300 anonymous respondents across USA, Canada, UK, Ireland, Belgium, Denmark, Finland, France, Germany, Netherlands, Norway, Sweden, Switzerland, China, India, Japan, Australia and New Zealand, found that 56 per cent of them were ready to pay up to USD 40,000 (nearly Rs 35 lakh) for an electric vehicle (EV).

Domestic benchmark index NSE Nifty ended 90.1 points at 23176.05, while the BSE Sensex closed 169.62 points up at 76499.63.

Shares of Biocon Ltd.(up 6.15 per cent), Divi's Laboratories Ltd.(up 4.5 per cent), Natco Pharma Ltd.(up 3.7 per cent), Granules India Ltd.(up 2.78 per cent) and Mankind Pharma Ltd.(up 2.7 per cent) ended the day as top gainers in the pack.

JHS Svendgaard Laboratories Ltd.(up 4.69%), Umang Dairies Ltd.(up 4.64%), Vadilal Industries Ltd.(up 3.57%), Heritage Foods Ltd.(up 3.56%), Sheetal Cool Products Ltd.(up 3.30%), Nakoda Group Of Industries Ltd.(up 3.09%), Patanjali Foods Ltd.(up 2.82%), Prataap Snacks Ltd.(up 2.69%), ADF Foods Ltd.(up 2.62%) and Dodla Dairy Ltd.(up 2.52%) stood among the top gainers.

NMDC Ltd.(up 5.60%), Sandur Manganese & Iron Ores Ltd.(up 5.13%), Aro Granite Industries Ltd.(up 4.27%), Gujarat Mineral Development Corporation Ltd.(up 3.74%), KIOCL Ltd.(up 3.62%), Lexus Granito(India)Ltd.(up 3.52%), Oriental Trimex Ltd.(up 3.50%), The Orissa Minerals Development Company Ltd.(up 3.10%), Madhav Marbles & Granites Ltd.(up 2.05%) and MOIL Ltd.(up 1.88%) stood among the top gainers.

BCAS), are working on formulating a standard operating procedure (SOP) to enable the operationalisation of e-commerce export hubs in the country, an official said. The commerce ministry has already approved five applications of DHL, Lexship, goGlocal, logistics aggregator Shiprocket, and air cargo handling company Cargo Service Centre to set up these hubs, the government official said.

European shares recouped some losses on Tuesday after falling for two straight sessions, with automobiles and mining stocks leading gains early in the session, as government bond yields across the continent eased. The pan-European STOXX 600 was up 0.6% by 0823 GMT after falling about 1.4% in the last two sessions.

Subscribe to enjoy similar stories. HCL Technologies Ltd faced the Street’s wrath following its December quarter (Q3FY25) earnings, which had nasty surprises. Ahead of the Q3 announcement, HCL stock hit a new 52-week high of ₹2,012 on Monday, but it tanked around 8% on Tuesday.

China stocks jumped the most in over two months as local chip firms rallied after the United States stepped up its tech curbs. ** At the midday break, the Shanghai Composite index gained 1.75% to 3,216.00 points, the best single-day gain since Nov. 7. The blue-chip CSI300 index added 1.74%.

«23,000 is a support level that we are looking at and on the upside 23,500 is the resistance that we are looking at. Although if it fails to hold 23,000, we could see a more downside move towards 22,650 levels. Now, this is the range and the band coming out for Nifty,» says Shivangi Sarda, Motilal Oswal Financial Services. Give us a sense of what you are making of the market move right now because after seeing a continuous series of red, whatever little recovery we are seeing on the markets, do you think this is here to stay, this is sustainable and even though it is inch by inch, do you think we are out of the danger now? Shivangi Sarda: So, we have seen that there has been some sort of a pullback move, but of course, it is the Sankranti effect. We have seen that there has been some stability around 23,000 zones. But then again, we will have to see how sustainable these levels are because we have still not managed to cross its previous day's high.

MphasiS Ltd. traded 0.34 per cent up at Rs 2769.20 at around 01:38PM (IST) on Tuesday. The stock had closed at Rs 2778.85 in the previous session. Equity benchmark Sensex traded 179.92 points at 76509.93 around the same time.

«The worry is that if DXY goes back to 121 and that is the one big risk I want to highlight, it is a high probability that it can play out. And if it plays out, that can be a longer-term top also,» says Sandeep Tandon, CIO, Quant Mutual Fund. It is not turning out to be a great year so far. Will it be a great year by the time it ends? Sandeep Tandon: So, if you ask me purely from a numbers perspective can CY25 be higher than CY24, December 2024, maybe the answer could be yes globally. But what is very important for us to understand, this year is not about market or market return.

Subscribe to enjoy similar stories. Estate planning is essential for ensuring the well-being of loved ones and safeguarding wealth for future generations. While many perceive it as a task for the wealthy, having a robust estate plan is crucial for anyone who wishes to secure their family’s future.

Subscribe to enjoy similar stories. TEL AVIV—As the war against Hamas dragged into 2024, there were worries here that investment would dry up in Israel’s globally important technology sector, as much of the world became angry against the casualties in Gaza and recoiled at the unstable security situation. In fact, a new survey found investment into Israeli technology startups grew 28% last year to $10.6 billion.

Subscribe to enjoy similar stories. Remember the term ‘flagship killer’? Once used…nay borderline exploited… by OnePlus, it came to represent smartphones that offered much of the same high-end hardware and features of the flagship devices of the same year, yet at a relatively lower price.