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Amazon, UPS
UPS Stock Sinks on Plans to Slash Business with Amazon
UPS projected a decline in revenue for the current year, with a key factor being plans to phase out more than half of the business it does with Amazon over the next 18 months.
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 customer,
UPS Stock Falls After Amazon Business Cut
The company said it has reached an agreement with its largest customer to lower volumes by 50 percent, sparking a sell-off.
15h
Amazon Stock Crushed the Market in 2024. Can It Repeat in 2025?
Shares of Amazon (AMZN 1.30%) were up 44% in 2024, handily outpacing the 23% return for the S&P 500. And as far as I'm ...
5h
UPS breaks with Amazon to take ‘control of own destiny’
Move to scale back business with Amazon.com will allow the courier to focus on more profitable shipments. Read more at ...
3d
Big Retailers Find Big Profits Imitating Amazon’s Ad Business
Amazon may have started in retail, but its biggest profits now come from advertising and cloud computing, with rivals ramping ...
3d
on MSN
UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares ...
2d
on MSN
Amazon increases ad spending on X in major reversal: report
Amazon has increased its ad spending on Elon Musk's X platform in a reversal from its previous decision to remove ads over ...
17h
Bank of Canada rate cuts, Amazon at odds with Ottawa, and ‘debanking’: Business and investing stories for Feb. 2
Bank of Canada rate cuts, Amazon at odds with Ottawa, and ‘debanking’: Business and investing stories for Feb. 2 Governor of ...
2d
on MSN
Amazon agrees to pay $6M and block sales of skin-lightening creams containing mercury, settling a decadelong lawsuit
Amazon has agreed to block sales of skin-lightening creams containing dangerous amounts of mercury.
ABP Live on MSN
2d
Amazon Layoffs: Tech Firm Cuts More Jobs From Several Teams
The layoffs are part of Amazon CEO Andy Jassy's ongoing efforts to reshape the company since he took over from founder Jeff ...
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