UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

UPS shares tank 14% after weak guidance, plan to slash Amazon deliveries by more than half

UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.

CNBC - 3h

UPS to cut its Amazon business by more than 50%. Here’s why.

Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest ...

MarketWatch - 4h

Whirlpool swings to a loss and guides for more weakness in 2025, sending stock down

Appliance maker is still working to cut costs and hoping for a recovery in the U.S. housing market.

MarketWatch - 23h

Microsoft shares slip on weak quarterly revenue guidance

Microsoft intends to address execution challenges in its key cloud unit, while continuing to endure supply constraints.

CNBC - 23h

Where the Gaza ceasefire stands after more than a week

A source familiar with the planning confirms to CBS News that Israeli Prime Minister Benjamin Netanyahu is planning to visit the U.S. as early as next week as the ceasefire deal with Hamas ...

CBS News - 3d

Chiefs went more than 2 months between turnovers, but cough it up vs. Bills

The Chiefs had a long streak without a turnover snapped.

Yahoo Sports - 4d

More than 140,000 homes still without power after Storm Éowyn

It could take up to 10 days for power to be restored to all of the affected properties, according to NIE.

BBC News - 5d

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.

NBC News - 6d

Ericsson Shares Slump as Earnings Hit by Weakness Outside of Core Networks Business

The company’s shares fell to the bottom of the Stoxx Europe 600 index as higher operating costs and weakness in some of its business units dented earnings.

The Wall Street Journal - 6d

Burberry shares jump 13% after better-than-expected quarterly sales

Burberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, in the first glimpse of fresh efforts to revamp the beleaguered British fashion house.

CNBC - 6d

American Airlines’ weaker-than-expected guidance ‘not as negative’ as it appeared, says analyst

American Airlines cited “present demand trends” and fuel-price forecasts as it predicted a first-quarter loss.

MarketWatch - Jan. 23

Adidas to cut up to 500 jobs after posting better-than-expected holiday profits

Adidas plans to cut as many as 500 jobs at its corporate headquarters in Germany in a bid to simplify its business—not to cut costs.

CNBC - Jan. 23

Cargo ship crew held by Houthi rebels released after more than a year in captivity

Houthis in Yemen said 25-member crew of Galaxy Leader had been freed ‘in support’ of the Gaza ceasefire agreement. See all our Middle East crisis coverage Yemen’s Iran-aligned Houthis have ...

The Guardian - Jan. 23

EA shares drop 7% after company lowers guidance due to weakness in soccer, other games

Electronic Arts slashed its full-year guidance on Wednesday, blaming the shortfall on underperforming games, in particular, its soccer franchise.

CNBC - Jan. 22

Stellantis plans US investments worth more than $5bn

Proposed spending comes after carmaker’s chair met Donald Trump before his inauguration

Financial Times - Jan. 22

Johnson & Johnson clears a few hurdles, but Wall Street focuses on weak guidance

Johnson & Johnson’s stock dropped more than 3% Wednesday after the medical-technology and drug company beat estimates for the fourth quarter but as lower sales guidance for the year stoked fears of ...

MarketWatch - Jan. 22

Greek authorities say more than 170 migrants picked up as arrivals from Libya increase

Greek authorities say more than 170 migrants have been picked up from rickety boats in recent days with most found off the southern tip of the country in a route that appears to be increasingly ...

ABC News - Jan. 22

Bills fans help raise more than $77,000 for Mark Andrews-backed charity after his drop in playoff loss

Mark Andrews dropped what would've been a game-tying 2-point conversion on Sunday in their playoff loss to the Bills.

Yahoo Sports - Jan. 22

Nearly half of toys sold under £15 as parents cut back

An "unsettled economy" is blamed for falling sales of toys for the third consecutive year.

BBC News - Jan. 21

Trump’s RTO Plans Could Slash Federal Employee Head Count

The threat of DOGE-led job cuts may get further backing as the president vows to require government staffers to work in person five days a week.

Inc. - Jan. 20

Wealth of US ‘oil-garchs’ went up 15% in nine months as industry figures plan Trump inauguration party

Oil and gas firms have given more than $75m to Trump’s campaign and stand to benefit from his ‘drill, baby drill’ plan. As Joe Biden warns in his farewell address as president that “an oligarchy is ...

The Guardian - Jan. 18

Smaller crypto may gain more than bitcoin after Trump takes office – should you invest?

Altcoins may have more room to rally than bitcoin after the pro-crypto president elect Donald Trump returns to the Oval Office, with his inauguration scheduled on Monday, industry participants said.

MarketWatch - Jan. 18

Evacuations lifted for more than 1,000 after fire erupts in California battery storage plant

About 1,500 people were instructed to leave Moss Landing and the Elkhorn Slough area.

NBC News - Jan. 18

More Than a Week After the Fires, Los Angeles Evacuees Remain in Limbo

Many neighborhoods are still off-limits to residents. Evacuees say they are increasingly frustrated and at a loss over what to do next.

The New York Times - Jan. 17

Cuba releases a prominent dissident as part of plan to free more than 500 prisoners

Cuba has released prominent dissident José Daniel Ferrer from jail, as part of a Cuban government decision to gradually free more than 500 prisoners as part of talks with the Vatican

ABC News - Jan. 16

Wells Fargo shares jump after earnings beat, strong 2025 guidance

The lender expects 2025 net interest income, a key measure of what a bank makes on lending, to be 1% to 3% higher than 2024's number of $47.7 billion.

CNBC - Jan. 15

Trump Media shares jump more than 21% week before presidential inauguration

Tech companies and executives have donated to the Trump inaugural fund, including Google, Meta and Amazon, as well as OpenAI CEO Sam Altman.

CNBC - Jan. 13

Inside Elon Musk’s Plan for DOGE to Slash Government Costs

Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.

The New York Times - Jan. 13

Boeing production in 2024 expected to be less than half of rival Airbus

US planemaker may have delivered 340 aircraft compared with 766 of European group, analysis suggests. Boeing is expected to confirm it made less than half of the aircraft of its rival Airbus in ...

The Guardian - Jan. 12

VW's Scout has more than 50,000 EV reservations as automaker aims to grow U.S. share

LAS VEGAS — Scout Motors has received more than 50,000 refundable reservation deposits for its first electric pickups and SUVs, according to Volkswagen CEO Oliver Blume.

NBC News - Jan. 9

VW's Scout has more than 50,000 reservations for upcoming EVs as automaker aims to grow U.S. share

Volkswagen, which revived the old American brand, said Scout is part of its plan to grow its market share in the U.S.

CNBC - Jan. 8

Shares of California utility Edison International drop more than 10% as wildfires rage

Fear and uncertainty surrounding the wildfires in California appear to be weighing on shares of Edison International, whose Southern California Edison is the power utility for the areas directly ...

NBC News - Jan. 8

U.S. transfers 11 Guantanamo detainees to Yemen after more than two decades without charge

The Pentagon said Monday it had transferred 11 Yemeni men to Oman this week after holding them for more than two decades without charge at the U.S. naval base in Guantanamo Bay, Cuba.

NBC News - Jan. 7

Next Ups Guidance After Strong Christmas

Next lifted its fiscal-year outlook after Christmas sales were better than expected but said U.K. growth is likely to slow, as higher employer tax costs begin to filter through into the economy.

The Wall Street Journal - Jan. 7

Here's why one of our favorite industrial stocks is up more than 3% Friday

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

CNBC - Jan. 3

Tesla shares slide after it reports first drop in annual deliveries

Tesla's fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.

CNBC - Jan. 3

New Orleans is ‘more secure than it’s ever, ever been’ after attack, says Louisiana AG

Louisiana Attorney General Liz Murrill joins Meet the Press NOW to provide the latest on the investigation into the New Orleans terror attack, and an update on security in the city.

NBC News - Jan. 2

Tesla shares fall as company reports first decline in annual deliveries

Reduced European subsidies, a US shift to lower-priced hybrids and Chinese competition have squeezed EV maker. Tesla reported its first decline in annual deliveries on Thursday, as the automaker ...

The Guardian - Jan. 2

UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half

Topics