United Parcel Service Inc. News
What’s Open and What’s Closed this Fourth of July
A list to remember when heading out on the Fourth of July, what is open and what's closed.
FedEx Stock Soars After Q3 Earnings Beat, Solid 2023 Profit Outlook
"While Q4 volumes were down year-over-year we successfully implemented strategic actions that drove double-digit yield improvement across the board," said CEO Raj Subramaniam.
FedEx Tops Q4 Revenue Forecasts, Sees Solid Fiscal 2023 Profits, Share Buybacks
“Our fiscal 2022 financial performance was a result of our team's ability to adapt to a number of unexpected challenges," said new CEO Raj Subramaniam.
FedEx Stock Surges As Activists Win Board Seats, Dividend Boost Following Fred Smith Departure
CFO Michael Lenz said the dividend boost ensures that FedEx's "capital allocation strategy reflects our confidence in the trajectory of the business."
Hedge Funder Dalio Says Bubbles Burst for Tech Darlings Tesla, Roku
'Emerging tech stocks no longer appear to be in a bubble,' said hedge fund mogul Ray Dalio. So is it now time to buy?
Breaking News
Ford Makes a Major Change
The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.
Tesla Q2 Deliveries Slump To 254,695 As Shanghai Shutdown, Supply Chain Snarls Take Toll
Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.
Summers, Others Cite Growing Chance of Recession
GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.
Coinbase Faces A New Scandal
The platform denies selling proprietary customer data and announces it is expanding into several European countries.