UPS Shares Plunge on Plan to Slash Amazon Business By Half
United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling ...
Amazon suspends US drone deliveries following crash at testing facility
Amazon has paused testing of its delivery drones following a crash involving two of those drones, according to Bloomberg.
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Robot Software Maker Covariant Gets Takeover Inquiry From Amazon
(Bloomberg) -- Covariant, a maker of artificial intelligence software used in industrial robots, received recent takeover ...
MicroStrategy May Soon Rival Amazon, Alphabet in Common Shares
MicroStrategy Inc.’s Michael Saylor may soon have almost as many common shares at his disposal to help fund the company’s ...
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Amazon Aims at Temu With Low-Priced Storefront Called Haul
(Bloomberg) -- Amazon.com Inc. has launched an online storefront designed to compete with Temu, the low-cost shopping app that gained traction with shoppers who trade longer shipping times for ...
UPS and Amazon May Be Headed for a Split—and the Stock Is Paying the Price
For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for ...
Amazon to Close Warehouses in Quebec, Eliminating 1,900 Jobs
French-speaking Canadian province of Quebec.“Following a recent review of our Quebec operations, we’ve seen that returning to ...
World’s richest people lose US$108 billion after DeepSeek sell-off
The world’s 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined US$108 billion on Monday as a ...