UPS Financial News

Ford Motor Co. plans to shut down the Michigan factory that produces its F-150 Lightning plug-in pickup truck, its signature electric vehicle, through the end of the year as demand for EVs continues to wane.

Growth in the Canadian economy remained unchanged in August, putting gross domestic product on track to grow at an annualized rate of just one per cent in the third quarter, Statistics Canada said on Thursday, paving the way for another cut by the Bank of Canada in December.

MUMBAI: Succession planning for DINKs and SINKs—relevant?

Subscribe to enjoy similar stories. Like its big tech rivals, Amazon.com is spending a king’s ransom on artificial intelligence. Unlike them, it also has plenty of customers dropping money on toothpaste and razorblades.

Subscribe to enjoy similar stories. As much as Donald Trump says that he wants the U.S. dollar to weaken, Wall Street keeps betting that his presidency would deliver the opposite.

India reported a 5.5% growth in iron-ore output at 135 million tonnes (MT) for the first half of the current financial year 2024-25. The country produced 128 MT iron-ore in the same months of the previous fiscal. Manganese ore production also rose by 6.2% to 1.7 MMT in fiscal 2024-25 from 1.6 MMT during the corresponding period of previous year. India also reported higher coal output during October 2024. Among non-ferrous metals, primary aluminium production in the months under review rose 1.2% over the corresponding period last year, increasing to 20.90 lakh ton (LT) during fiscal 2024-25. Refined copper production grew by 4.6% from 2.39 LT to 2.50 LT. According to the Mines Ministry, India is the second largest aluminium producer, among top 10 refined copper producers and fourth largest iron ore producer in the world. “These growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery,” a Mines Ministry statement said.

Shiv Sena in Mumbai's Mahim constituency, where MNS chief Raj Thackeray's son Amit Thackeray is making his electoral debut. BJP has added a layer of complexity to what otherwise seems like a three-corner contest involving Amit Thackeray, Shiv Sena's sitting MLA Sada Sarvankar and Mahesh Sawant nominated by rival Shiv Sena (UBT). Despite Shiv Sena being its ally in the ruling Mahayuti coalition, the BJP has expressed its keenness to back the MNS candidate. Efforts are underway to persuade Sarvankar to withdraw from the race, according to sources. The Mahim constituency, which witnessed the birth of the undivided Shiv Sena (1966) and then the Maharashtra Navnirman Sena (MNS) in 2006, sits in the heart of the city, stretching from Century Bazar in Prabhadevi to Mahim Koliwada.

festive season but diesel sales were down 3.3 per cent, preliminary data of state-owned firms showed on Friday. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, rose to 3.1 million tonnes during October when compared to 2.87 million tonnes of consumption in the same month last year. Diesel demand dropped 3.3 per cent to 6.7 million tonnes. While petrol sales were up mostly due to an increase in use of personal vehicles as the festive season kicked in, diesel demand dropped due to lower demand from the agriculture sector owing to the extended rainy season.

They said the effort was communicated by U.S. envoy Amos Hochstein to Lebanese caretaker Prime Minister Najib Mikati this week, as the U.S. stepped up diplomatic efforts for a ceasefire between Israel and Iran-backed militant group Hezbollah. Mikati's office in a statement to Reuters denied the U.S. had asked Lebanon to declare a unilateral ceasefire. It said the government's stance was clear on seeking a ceasefire from both sides, and the implementation of U.N. Security Council Resolution 1701, which ended the last round of conflict between the two foes in 2006.

U.S. Sen. Chuck Schumer says a semiconductor research facility in upstate New York will be getting $825 million in funding as one of three national technology centers

Subscribe to enjoy similar stories. JOKO ANWAR had a bleak childhood growing up in a slum in North Sumatra in Indonesia. “I was worried I might get kidnapped by Wewe Gombel," he says, referring to a female ghost in Javanese mythology known for abducting children.

LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial intelligence hub after the government set out plans to increase taxes on businesses.

JSW MG Motor India on Friday reported a 31 per cent year-on-year rise in wholesales at 7,045 units in October 2024. New energy vehicles (NEVs) remain a significant part of its overall sales, contributing over 70 per cent to the total volume in October, JSW MG Motor India said in a statement.

Eicher Motors Ltd on Friday said its arm VE Commercial Vehicles Ltd posted a 5 per cent decline in total sales to 7,112 units in October 2024. VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 7,486 units in October 2023, Eicher Motors said in a regulatory filing. October 2024 sales included 6,911 units of the Eicher brand and 201 units of the Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 6,611 units last month compared to 7,077 units in October 2023, down 6.6 per cent.

OnePlus 13 features a 6.82-inch BOE X2 2K+ AMOLED display with a peak brightness of 4,500 nits, 2160Hz PWM dimming, and the world’s first DisplayMate A++ rating.On the optics front, the OnePlus 13 includes a triple camera setup on the back, featuring a Sony LYT 808 primary sensor, a 50MP Sony LYT600 telephoto lens with 3x optical zoom, and a 50MP Samsung JN1 ultra-wide angle lens. For selfies and video calls, there’s a 32MP Sony IMX612 front-facing camera.As mentioned earlier, the OnePlus 13 is powered by the Snapdragon 8 Elite processor, with an impressive AnTuTu score of 3.18 million.

Subscribe to enjoy similar stories. In the Dallas suburbs, Sangeeta Kulkarni lights an oil lamp in front of a wooden structure housing idols in her kitchen. The newly renovated area is dedicated to prayer and is backed by gold-and-white tiles matching the gilded trim and the white quartz countertop, the 41-year-old said.

the Education Amendment Act, 2024, that would require children under 16 to have parental consent if they want to change their names or pronouns at school.A similar law is on the books in Saskatchewan, where the government invoked the notwithstanding clause, a measure that allows governments to override certain Charter rights for up to five years.The bill would also require parents to opt-in for their children to be taught about sexual orientation and sexual and gender identity at school. The legislation also restricts any kind of curriculum that teaches about gender diversity.When asked how the rules would be enforced in schools, Smith said the Alberta Teaching Profession Commission has the ability to discipline teachers if they defy the government’s direction.The requirements would not apply in First Nations schools, but two-spirit Indigenous students in provincially run schools would be subject to them.The second bill, the Health Statutes Amendment Act, 2024, would prohibit doctors from treating those under 16 seeking transgender treatments such as puberty blockers and hormone therapies.It would also prohibit health professionals from performing sex reassignment surgeries on minors.

Taliban has enacted yet another law further oppressing the freedoms of women and girls, this time issuing a decree that prohibits them from praying aloud or reciting the Qur’an in each other’s presence.The move comes after a series of so-called “virtue” or “morality” laws were implemented in Afghanistan in August, laid out in a 114-page document that covered vast aspects of everyday public life.Among the new laws announced in August were directives making it mandatory for women to veil their entire bodies, including their faces, at all times in public. Women were also forbidden from singing, reciting and reading aloud in public, as a woman’s voice is deemed “intimate” and should not be heard.Women are already excluded from education after sixth grade, many public spaces and most jobs.

Chakri Lokapriya, Managing Partner, RSB LLP, says he is not too hot on pharma as a sector. It is still a very stock-specific approach. So, maybe Piramal or mostly Cipla. It has various overhangs, including FDA approval and that would probably add about 10% to EPS. Even after today's run, the stock has another 15% upside over the next 12 months. Outside of that, Mankind Pharma, from a consumer uptake perspective, still looks okay. The word on the Street is that perhaps Diwali discounting is at play when it comes to the stock markets. Are you utilising that, buying anything at lower levels? Chakri Lokapriya: One should clearly buy IT in market fall because Wednesday’s fall in the US was on the fears of a slowdown of Facebook and Microsoft. But why did they slow down? They said that they would spend a lot on IT infrastructure. Now, that is good news for Indian IT companies and therefore, in today’s fall we should go and buy HCL Tech, Mphasis, all those companies which cater to the BFSI industry.

When life throws financial surprises, even the best-laid plans can feel inadequate. Instead of liquidating investments to raise cash, a more strategic option could be a loan against shares (LAS), which offers a low-cost borrowing route with interest rates between 9-12%.

Market expert Neeraj Dewan has a target of Rs 975 for DLF for one year and says it is a stock for portfolio. One can rides it for a longer term also. BCL can be a high-risk rocket. With the margin improvement and the quality of business improving, Dewan’s one-year target for BCL is Rs 80 and he thinks in the next two-three years, BCL may continue to improve as far as the top-line and the bottom-line is concerned because of value addition. Textile stock Siyaram Silk Mills Limited is a great value bomb. It is available at a very reasonable valuation. Dewan has a target of Rs 525 for one year for the stock.