The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.
Category: Company Reports
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UPS Will Cut Up to 30,000 Jobs in 2026
The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.
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G.M. Shares Rise as Investors Are Encouraged by 2026 Prospects
The automaker said that it would buy back stock worth up to $6 billion and that it expected profit to rise this year after it pulled back from electric vehicle production.
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Earnings Fall Short at Bank of America, Citi, JPMorgan and Wells Fargo
This week, Bank of America, Citi, JPMorgan and Wells Fargo released fraught earnings reports as President Trump’s threatened cap on credit card rates loomed large.
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Delta Offers Optimistic Outlook as Travelers Continue to Splurge
Delta Air Lines said it was expecting profits to rise by around 20 percent in 2026 thanks to strong demand for premium tickets.
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Volkswagen Suffers More Than Rivals From Auto Industry Woes
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
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Tesla Car Sales Dropped 9% in 2025, Falling Behind China’s BYD
As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
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Nike’s Struggles Continue, but Turnaround Plan May Be Working
Quarterly sales rose slightly for the world’s largest footwear company despite weak results in China and with its Converse brand.
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Wall Street Is Shaking Off Fears of an A.I. Bubble. For Now.
The valuations of some artificial intelligence companies are approaching those of the dot-com boom. But investors worry that pulling money from today’s market risks future gains.
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Retail Earnings Show Shoppers’ Resilience, but Some Stores Struggle
Companies said they managed tariff pressures in the latest quarter as consumers focused on discounts and high quality.
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Walmart Sales Rise as Shoppers Look For Savings
The retailer increased its guidance for the year, anticipating more price-conscious shoppers would flock to their stores.
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Nvidia Earnings Fuel Rally in Global Technology Stocks
The chipmaker’s profit surge and strong revenue forecast helped to ease fears that spending on A.I. infrastructure might be outpacing demand.