UPS Makes the Right Move to Cut Its Reliance on Amazon
Investors are displeased, but the strategy of moving away from lower-margin deliveries makes sense in the long run.
Amazon lays off employees from these two teams: All the details
It is not clear how many employees have been laid off but reports suggest that dozens of roles have been eliminated.
Amazon suspends US drone deliveries following crash at testing facility
Amazon has paused testing of its delivery drones following a crash involving two of those drones, according to Bloomberg.
Amazon to Close Warehouses in Quebec, Eliminating 1,900 Jobs
French-speaking Canadian province of Quebec.“Following a recent review of our Quebec operations, we’ve seen that returning to ...
DeepSeek will hardly dent magnificent seven stocks, survey shows
Investors believe DeepSeek’s AI debut will not impact the Magnificent Seven companies, with 88% of respondents expecting minimal effects on the S&P 500. The survey highlights President Trump’s ...
Stock market today: Dow, S&P 500, Nasdaq move higher with Apple earnings in the wings
The S&P 500 ( ^GSPC) gained 0.5%, while the Dow Jones Industrial Average ( ^DJI) rose nearly 0.4%. The tech-heavy Nasdaq ...
UPS and Amazon May Be Headed for a Split—and the Stock Is Paying the Price
For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for sales of $94.9 bi ...