UPS Financial News

14.11 / 02:23

markets UPS Digital Election Trade Bitcoin Bitcoin rises above $90,000 on Trump euphoria

The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs. It was last up 5.49% at $93,158, marking a 32% rise since the Nov. 5 election.

14.11 / 02:23

markets UPS Analysis Research Trade information Oil prices edge down, forecasts for higher oil output, weak demand growth weigh

Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices. Brent crude futures were down 6 cents, or 0.08%, at $72.22 a barrel by 0133 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 13 cents, or 0.19%, at $68.30.

14.11 / 02:23

markets UPS Analysis Trade President reports Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact

The consumer price index (CPI) rose 0.2% in October for the fourth straight month and advanced 2.6% on an annual basis, the Labor Department's Bureau of Labor Statistics said. Excluding the volatile food and energy components, the CPI increased 0.3% in October, meeting economists' forecasts.

14.11 / 00:47

markets COST UPS Provident Digital Platform Experts Small companies play a big role in facilitating GPU access in India

GPU) access in India, particularly in the realm of cloud computing and artificial intelligence (AI) infrastructure, according to industry executives and experts. Neysa Velocis, Mumbai-based Neysa’s flagship platform, helps scale up AI projects using GPU infrastructure and has a diverse inventory of thousands of GPUs. Indore-based NeevCloud is a recent entrant with plans to deploy 40,000 GPUs, aiming to provide affordable and accessible GPU resources to AI researchers and developers. Bengaluru-based Jarvis Labs has access to more than 1,000 GPUs through partners and also has its own capacity in the country.

14.11 / 00:35

markets UPS Strategy Analysis Enterprise Trade Experts Burmans' Religare Broking buy gets bourses' nod

Burman family to acquire Religare Broking, the broking arm of the holding company Religare Enterprises (REL). The move is a part of the open offer for REL launched by entities controlled by the Burman Family and comes after a nod from the competition regulator and the insurance watchdog.

14.11 / 00:35

markets UPS Manufacturing Volkswagen Hyundai Experts guidelines Volkswagen, Hyundai, and Toyota await India's new EV policy guidelines, likely to apply

The decision of the companies will depend on final guidelines, or standard operating procedures, of the policy that the government is expected to announce in the next three to four months, the people said. The Scheme to Promote Manufacturing of Electric Passenger Cars in India was unveiled in March, this year.

14.11 / 00:27

markets UPS Target economy Food Experts consequences Mint Primer All about the inflation spike: how, why when

Subscribe to enjoy similar stories. The consumer price index (CPI)—or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s (RBI) upper tolerance limit. Mint looks at what caused this spike, its expected trajectory in the coming months and what it means for interest rates.

14.11 / 00:27

markets UPS FIVE Manufacturing Trade 2020 Foreign investors are buying these three mid cap stocks during a record selloff

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have been on a selling spree when it comes to Indian stocks. According to NSDL data, FIIs sold Indian stocks worth more than ₹94,000 crore in October.

14.11 / 00:09

UPS Citi country travelers International Destinations Federal judge orders Oakland airport to stop using 'San Francisco' in name amid lawsuit

A federal judge has ordered the Port of Oakland to stop using San Francisco Bay Oakland International Airport as its airport’s new name while a lawsuit by the city of San Francisco over copyright infringement is ongoing

14.11 / 00:09

UPS Chevrolet cover 2020 reports Investigations GM recalling big pickups and SUVs because the rear wheels can lock up, increasing risk of a crash

General Motors is recalling nearly 462,000 pickup trucks and SUVs with diesel engines because the rear wheels can lock up, increasing the risk of a crash

14.11 / 00:09

UPS CEO security Southern President track conductor Flurry of contract deals come as railroads, unions see Trump's election looming over talks

The flurry of contract agreements announced early this fall — including two more Wednesday — offer evidence that major railroads and their unions are working to avoid the standoffs that led them to a brink of a national strike two years ago

14.11 / 00:09

UPS DOW economy Updates How major US stock indexes fared Wednesday, 11/13/2024

U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates

14.11 / 00:09

COST UPS BLOCK JetBlue Justice travelers Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up

Spirit Airlines says it won’t announce its quarterly financial results on time because the company is focused on talks with bond holders to restructure its debt

14.11 / 00:09

UPS CEO Platform Food country 2020 Just Eat Takeaway sells Grubhub for $650M, just 3 years after buying it for $7.3B

European food delivery giant Just Eat Takeaway

14.11 / 00:09

UPS Twitter Platform Election wellness social Bluesky has added 1 million users since the US election as people seek alternatives to X

Social media platform Bluesky has gained 1 million new users in the week since the U.S. election

14.11 / 00:09

UPS Citi CEO Gillette Bill President Traffic Massachusetts lawmakers to consider a soccer stadium for the New England Revolution

Massachusetts lawmakers are planning to vote this week on a bill that would pave the way for the construction of a new soccer stadium for the New England Revolution in Everett

14.11 / 00:09

markets UPS Food pandemic social trump tariffs A study says the global luxury goods market will shrink in 2025. Trump tariffs could make it worse

Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 and the COVID-19 pandemic

13.11 / 22:43

Dogecoin markets UPS CEO Tesla Election Department Why Dogecoin Now Has a Larger Market Cap Than Ford, Delta, and General Mills

The price of dogecoin (DOGEUSD, DOGE) surged on Wednesday after President-elect Donald Trump appointed backers Elon Musk and Vivek Ramaswamy to lead a new «Department of Government Efficiency,» or DOGE.

13.11 / 22:35

markets COST UPS Citi country reports strain Housing affordability still strained despite improvements in 2024: report

Stalled home values, rising incomes and falling mortgage rates continue to deliver improvements in housing affordability in Canada, according to a report released Wednesday.

13.11 / 19:25

markets UPS Sustainability Enterprise awards PAM 'Wait & watch': India gearing up for any change in US policy, says CEA V Anantha Nageswaran

Trump’s return to the White House, chief economic adviser (CEA) V Anantha Nageswaran said on Wednesday, cautioning against any “kneejerk reaction” to the current bout of stock market volatility. The CEA was in conversation with economist Prachi Mishra at the ET India Ascends event. While capital has flooded into the US markets over the past week in the aftermath of Trump’s victory, “I'm not entirely sure that this will sustain over a very long term,” he said. “Because even before this election happened, US stocks were somewhat elevated in valuation, etc., and the Federal Reserve is cutting interest rates. So I think we can give some time for the financial markets to take a breath….”

13.11 / 17:43

Dogecoin UPS Election country shock recommendations Trump says Musk, Ramaswamy will form outside group to advise White House on government efficiency

President-elect Donald Trump says Elon Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new “Department of Government Efficiency.”

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