UPS Financial News

Apparently more and more financial advisors are turning up the juice.

A Florida insurance agent and his Georgia-based business built up a $300 million Ponzi scheme funded by more than 2,000 unwitting investors, the SEC said in charges filed this week.

Creative Planning, the giant registered investment advisor and brainchild of estate planning attorney Peter Mallouk, its owner and CEO, is looking to add up to 100 wealth management professionals, or almost another 9%, to its current financial advisor workforce by the end of 2025.

«General Hospital» actor Wactor was shot dead at around 3.25 am (local time) on May 25. Family and friends of actor Johnny Wactor called for action Tuesday from the public and officials to help find and convict his killers. The former “General Hospital” actor was shot on May 25 when he interrupted thieves stealing the catalytic converter from his car in downtown Los Angeles, authorities said. No arrests have yet been made.

New Yorkers are having trouble keeping up with debt payments as their incomes get squeezed by one of the country’s highest inflation rates, according to a new study. 

In the last seven days, Solana’s native $SOL token has fallen 8.8%, placing it below the psychologically important $150 threshold since the start of the week, which the token has subsequently struggled to regain.

Kylian Mbappe for Real Madrid? The France captain pulled on the famous white jersey of the Spanish champions for the first time in a competitive match and marked the occasion with the second goal in a 2-0 win over Atalanta in the UEFA Super Cup. Mbappe, who started and played 82 minutes at the National Stadium in Warsaw, met a pass from Jude Bellingham across the area with a shot into the top corner in the 68th minute. «He is inevitable,» Bellingham said of Mbappe.

Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years.

Carlsberg global chief executive officer Jacob Aarup-Andersen said the Danish brewer does not need a new strategy for the Indian market after it completes the deal to fully own the business in the market growing four times faster compared to the overall beer segment. Earlier this month, Carlsberg agreed to buy a third of its stake from Khetan group, its joint venture partner, to take full ownership of the India and Nepal operations. «We do expect to get full control of the business in a couple of months once the process has run its course. It's going to allow us to accelerate investments to capture the long-term opportunities in these markets,» Andersen told investors, adding it was too early for us to start laying out the strategy for India.

Niti Aayog has proposed that the government formulate guidelines for assessing the creditworthiness and background verification of those availing of loans under the Pradhan Mantri Mudra Yojana (PMMY), besides putting in place a reward mechanism to incentivise lending institutions to increase the scale of lending. «A set of guidelines for assessing the creditworthiness and background verification must be enlisted to provide a security net to the banks, considering the loans are collateral free and a proper risk check and assessment has a critical role to play in the sustainability of results and success of the scheme,» the Aayog has said in its report submitted to the finance ministry and the Ministry of Micro, Small and Medium Enterprises (MSMEs). As per the report, 'Assessment of PMMY', done by professional services firm KPMG on behalf of the Niti Aayog, e-KYC authentication may be encouraged for loan underwriting to ensure proper assessment checks. ET has seen the report. «A proper reward mechanism is needed for different banks based on their scale of operation and performance to help incentivise well-performing member lending institutions to perform better,» the Aayog has suggested.

Two TAMP providers have just joined forces to help RIAs provide a new level of diversification within their clients’ portfolios.

Walmart had another quarter of strong sales that topped almost all expectations with its comparatively low prices proving a powerful draw for millions who have struggled with rising costs for housing, groceries and almost everything else

The creeks around East Palestine, Ohio, were so badly contaminated by last year’s disastrous Norfolk Southern derailment that some workers became sick during the cleanup

Former Reagan economist Art Laffer reacts to a recent report that consumer prices rose 2.9% year-over-year in July on ‘The Big Money Show.’

More sunshine could be in the forecast for solar power companies like SolarEdge Technologies and Sunrun, whose stock prices have been dimmed by high interest rates

Ola Electric's S1 X is one of the most popular electric scooters in the country. It comes equipped with a 4 kWh battery and boasts a top speed of 85 km/h. The scooter can accelerate from 0 to 40 km/h in just 4.1 seconds and reaches 60 km/h in 8.1 seconds.

Climate activists have staged protests at several German airports, forcing a temporary halt to flights at some of them in the latest of a string of similar demonstrations

It might sound improbable, but Europe is still importing Russian natural gas through pipelines in Ukraine

B3.fun, a gaming platform founded by former Coinbase alumni and built on Base, Coinbase’s Layer 2 network has officially launched its game discovery platform, BSMNT.fun.

The RIA space continues to evolve rapidly and maintaining compliance has become increasingly challenging for independent advisors.

Wall Street is rallying following signals the U.S. economy is holding up better than expected