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After "breaking up" with Amazon, UPS cut 20,000 jobs and suspended its full-year forecast amid economic uncertainty.
UPS currently has about 0.49 million employees and plans to cut 4% of its total workforce due to parting ways with its largest customer, Amazon. This layoff aims at network restructuring and efficiency improvement. Although UPS's first-quarter performance exceeded expectations, it has not updated its full-year outlook due to economic uncertainty, and a decline in transportation volume and revenue is expected in the second quarter.
Trump has compromised again! The American Autos Industry welcomes the "tariff downgrade"…
① The President of the USA, Trump, signed an executive order on April 30 to "ease" some Autos tariffs; ② It is reported that imported Autos will be exempt from any further separate tariffs similar to those on Steel and Aluminum, to avoid the cumulative effects of overlapping tariffs.
Trump Trade Wars Could Turn GDP Negative in the First Quarter. Here's Why.
Express News | In overnight trading, Nvidia drops 2%, SMCI, Starbucks, Snap, and First Solar shares fall after their financial results
U.S. stocks closed: the S&P 500 Index has risen for six consecutive days as investors anticipate Trump to adjust the tariff policy.
① Amazon was forced to terminate the plan to display the impact of tariffs on commodity pages; ② China Concept Stocks fluctuated, and the Nasdaq China Golden Dragon Index fell by 0.3%; ③ Meta released an independent AI application aiming to create a personalized Asia Vets assistant; ④ Starbucks reported a Q2 revenue of 8.8 billion dollars, below market expectations.
Amazon Pressures Suppliers For Discounts, May Show Tariff Related Costs On Haul Site
