S&P 500 Gains and Losses Today: UPS Stock Drops as Shipper Trims Amazon Deliveries
Key Takeaways The S&P 500 added 0.4% on Thursday, Jan. 30, as a report showed consumer spending continued to buoy economic growth.Las Vegas Sands shares pushed higher as the casino operator topped ...
UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most ...
Why UPS Stock Is Plunging Today
United Parcel Service (NYSE: UPS) beat expectations for the fourth quarter, but the company's forecast for 2025 was well short of expectations, in part because of a high-profile break with partner ...
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.
UPS targets $1B in savings through Efficiency Reimagined initiatives by 2025
CEO Carol Tomé highlighted that UPS achieved consolidated revenue of $25.3B in Q4 2024, an increase of 1.5% year-over-year, with operating profit rising 11.2% to $3.1B. U.S. domestic operating margin ...
UPS and Amazon May Be Headed for a Split—and the Stock Is Paying the Price
Guidance and a major change in its relationship with Amazon, however, sent the shares tumbling.A long-held investor concern ...