UPS Financial News

13.11 / 17:43

COST UPS Target economy Election Food US inflation rose slightly last month after 2 years of steady cooling but remained low

Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021

13.11 / 17:17

UPS security economy Trade Experts reports International Trump’s appointees have criticized Trudeau, Canada’s border security

Donald Trump’s second administration is filling up with some of his most loyal supporters and many of the people landing top jobs have been critical of Prime Minister Justin Trudeau and security at Canada’s border.

13.11 / 17:13

UPS Election BlackRock Trade Bitcoin Bitcoin's Price Run Continues as it Rises Above $93,000

The post-election bitcoin price run has shown no signs of slowing down, as the world's largest crypto asset recently traded above $93,000 for the first time in its history.

13.11 / 16:57

COST UPS CEO Analysis Nov performer shock LIVE TODAY: Ask us your questions about Alberta government's shock AIMCo firings

The Alberta government surprised everyone last week by firing the CEO and entire board of directors of AIMCo last week, declaring the need for a “reset” at the $160-billion asset manager.

13.11 / 16:57

markets UPS economy Election Trade President recommendations What does Trump’s victory mean for Canada? All roads lead to a weaker loonie

By Dylan Smith

13.11 / 16:27

markets COST UPS SpaceX President social recommendations How Elon Musk's US government efficiency panel might work

Donald Trump has tasked Elon Musk with setting up a panel to streamline the U.S. government. Although the president-elect has said little about how this group would operate, Musk has previously set an ambitious goal of cutting $2 trillion of spending. Here is how this new panel, which will be headed up by Musk, the world's richest person, and former Republican Presidential candidate Vivek Ramaswamy, might work.

13.11 / 16:05

UPS Food Headlines US inflation rises to 2.6% in October as core measure remains firm

The Consumer Price Index figure, released by the US Bureau of Labor Statistics today (13 November), was up from 2.4% the previous month and marked the first increase since March this year. The core CPI measure, which strips out volatile food and energy items, remained steady, rising at an annual pace of 3.3%. On a monthly basis, headline CPI increased by 0.2% in August, the same increase as in each of the previous three months. Federal Reserve cuts rates by 25bps amid persistent economic growth Housing prices rose 0.4% in October, accounting for over half of the monthly all time in...

13.11 / 15:57

markets UPS security Election President Trump makes a victor's return to Washington to meet with Biden and GOP lawmakers

Donald Trump is making a victor's return to Washington. The president-elect touched down Wednesday, arriving near the Capitol with billionaire Elon Musk in tow, for a meeting with House Republicans and then an Oval Office session with Democratic President Joe Biden as Trump prepares for a potentially unified Republican government and sweep of power. Back in Washington for the first time since his election victory, Trump told the GOP lawmakers, «It's nice to win.»

13.11 / 15:57

COST UPS Food Department Headlines Inflation rises 2.6% in October, in line with expectations

First Trust Advisors chief economist Brian Wesbury reacts to Fed Chair Jerome Powell saying he won't resign if President-elect Trump asks on «Making Money.»

13.11 / 15:57

markets UPS Digital Man security Strategy ‘Scariest 5 minutes of my life’: Bengaluru woman shares startling auto ride experience

In her tweet, she explained that while riding in an auto, she suddenly felt someone touching her from behind. Fearing the worst, she glanced back and was startled to find a young child sleeping there. “Scariest 5 mins of my life. This was me in an auto in Bangalore. I felt like someone was touching me from behind, saw a kid sleeping over there," she wrote, adding that she initially wondered if the child had been kidnapped.

13.11 / 15:29

COST UPS Target economy Election Department U.S. inflation ticks back up as future path under Trump uncertain

Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.

13.11 / 15:03

UPS Man Fighting Death War Battlefield The ‘Deathonomics’ powering Russia’s war machine

Subscribe to enjoy similar stories. Going to war is now a rational economic choice in Russia’s impoverished hinterlands. Facing heavy losses in Ukraine, Russia is offering high salaries and bonuses to entice new recruits.

13.11 / 15:03

UPS Citi Manufacturing Mobile Apple electronic reports Land, power and skill: Inside the high-stakes battle to build the next Foxconn City

Subscribe to enjoy similar stories. New Delhi/Chennai: In December 2021, over 400 women staying at a hostel at Puduchatram on the Chennai-Tirupati highway took ill. Some of them had severe symptoms of food poisoning and were admitted to hospitals.

13.11 / 14:41

markets UPS Digital awards Experts show Modi regime sees five-fold jump in ITR filers with income above Rs 50 lakh; middle class tax burden falls

ITR) filing data, the number of individuals showing annual income of over Rs 50 lakh has gone up to over 9.39 lakh in 2023-24, a five-fold jump from 1.85 lakh in 2013-14. Also, the income tax liability of those earning above Rs 50 lakh has gone up 3.2 times, from Rs 2.52 lakh crore in 2014, to Rs 9.62 lakh crore in 2024. A source said that 76 per cent of income tax collected is from those earning above Rs 50 lakh a year. This has led to reduced tax burden on the middle class. Also, the increase in number of people filing ITRs with annual income above Rs 50 lakh is due to «strong anti tax evasion and black money laws implemented by the Modi government», the source added.

13.11 / 13:57

UPS FIVE CEO Telegram WhatsApp reports Deutsche Bank's London & New York staff will benefit from WFH leniency too

Deutsche Bank CEO Christian Sewing may think Germans need to work a bit harder, but German workers' recalcitrance has its benefits. Following complaints in Germany about Deutsche's February «back to the office» push, Deutsche Bank people everywhere are being granted a semi-reprieve.

13.11 / 13:57

markets UPS Election Bill voice Inside Morning Coffee: What really happens when you make partner at Goldman Sachs. Paris, Frankfurt bankers will want to move to London

The election of the Goldman Sachs 2024 partner class may be of negligible importance alongside the election ofDonald Trump, but if you're one of Goldman's 95 new partners, it's a whole new world.

13.11 / 13:57

markets UPS FIVE JPMorgan Interviews Relationships Goldman Sachs' Paris partners: a JPMorgan superstar & aristocrat

Goldman Sachs announced that it had 95 new partners last week, the highest number promoted in nearly a decade. Five of those were in Paris, the first since a single nominee in 2014 — Pierre Hudry, who has since left the firm.

13.11 / 13:57

UPS Digital WSJ Trade reports rights 32-year-old macro trader leaves $50m hedge fund job with possible clawback risk

John Curtice, the 32-year-old macro trader who joined hedge fund Millennium earlier this year on a package allegedly worth $50m has left again. Bloomberg reports that his apparently inadvertent exit followed a ‘net low single digit loss,’ and claims that Curtice exceeded guidance on his risk limits. However, Bloomberg also says that Curtice’s trades didn’t hit a limit that would actually trigger a stock loss. Instead, the fund is said to have had multiple ‘discussions’ about risk limits with him before he left.

13.11 / 13:57

UPS Target Telegram WhatsApp Diversity Department "Talent acquisition staff in finance have been useless since COVID"

I work in financial services, asset management specifically, and I'm fed up with «talent acquisition» staff in the space… or lack thereof.

13.11 / 13:57

markets UPS Career JPMorgan security reports Goldman Sachs hired a London BofA MD for Hong Kong

Financial services hiring is perking up everywhere, but in Hong Kong it's looking particularly sprightly. Bloomberg reported yesterday that professionals licensed with the Hong Kong Securities and Futures Commission (SFC) increased at the fastest rate ever in the past four months. One of those hires was at Goldman Sachs, which has just relocated a London-based MD from a rival bank who previously spent the bulk of his career in Hong Kong.

13.11 / 13:57

UPS FIVE Career show Equality International How to identify Goldman Sachs' newly disgruntled MDs

Having a rank above managing director, which you promote people into biannually, has its disadvantages. Any managing director (MD) doesn't get promoted is not happy, particularly if they had reason to believe that they deserved the rise.

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