United Parcel Service Inc. News
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?
Home Depot Forms VC Firm, Funds Tech Doers to Get More Done
Home Depot, the giant home-improvement chain, is looking for innovative ideas to streamline operations and improve customer service.
Morgan Stanley Stock Leads Gains As Banks Boost Dividends After Fed Stress Tests
Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.
Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat
"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.
Playtika Stock Slumps After Joffre Capital Takes 25.7% Stake Online Casino Gaming Group
Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.
Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots
"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.