RXO’s Billion-Dollar Move
United Parcel Service and third-party logistics provider RXO struck a deal on Sunday. It matters more for RXO — and its stock.
UPS said it is selling the third-party logistics provider&...
Logistics Disruption
The landscape of air cargo logistics is shifting as United Parcel Service (UPS) steps into the role of primary air cargo provider for the United States Postal Service (USPS), marking the end of a longstanding partnership between...
Major Stock Moves
Witness Monday's rising stock futures following the S&P 500's impressive month of gains. Stay tuned as Wall Street focuses on earnings from tech giants Apple and Amazon.com, along with the highly anticipated monthly U.S. jobs r...
Corporate earnings and economic data
This week will be packed with new corporate earnings data and key housing and consumer spending data.
However, on the New York Stock Exchange on Friday the Dow Jones fell 2.82% to a one-month low, the S&P 50...
US stock indices
All three major indices: Dow Jones, S&P 500 and Nasdaq rose at the premarket.
United Parcel Service shares rose after revenue of $27.7bn beat forecasts. UPS also increased its dividend by 49% to 0.50 cents per share.
ExxonMobi...
Schedule for the week
This week the stock markets will be awaiting a slew of reports from major US companies. Investors should pay attention to reports from Apple, Microsoft, Amazon, Google and Facebook as they will aff...
Employee shortage
Large corporations from Amazon to UPS have announced hiring in recent weeks a welcome sign for the labour market and the economy as a whole US employers added just 235,000 jobs in August, a surprisingly weak gain after two months o...
The state of the company's stock
FedEx (FDX) shares fell 4.4% in after-hours trading after its financial report. The second US delivery company lowered its profit forecast for fiscal 2022 and said rising labour costs an...
The price of delivery
Delivery tariffs are rising faster than they have in nearly a decade, increasing pressure on merchants to raise prices or find other ways to offset higher costs.
FedEx Corp on Monday said delivery rates will rise by an average...
Amazon's delivery business is close to becoming a separate enterprise
Amazon's logistics business has now grown to the size of a separate company that provides delivery services to other companies. Amazon is a growing competitive threat to FedEx and...
Ahead of reports
Stock futures declined in early morning trading on Tuesday on the back of upcoming quarterly earnings reports from several technology companies.
Dow Jones futures were down 205 points, S&P 500 and Nasdaq 100 futures also traded...
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