UPS shares tank 15% after weak guidance, plan to slash Amazon deliveries by more than half
UPS reducing Amazon delivery volume; shares slump on 2025 revenue hit
United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer, Amazon.com, a surprise move that sent shares tumbling as much as 18%.
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.
Amazon’s latest job cuts impact corporate communications and sustainability employees
Two of Amazon's Seattle headquarters towers rise above the Spheres. (GeekWire File Photo /) Amazon laid off employees in its communications
Amazon ramps up ad spending on Elon Musk's X, WSJ reports
Amazon.com is increasing its advertising on billionaire Elon Musk's social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS is cutting its business with Amazon in half by the middle of next year due to profitability concerns, CEO Carol Tomé said. Shares plunged.
UPS to cut its Amazon business by more than 50%. Here’s why.
Shares of United Parcel Service were suffering 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,
Amazon Prime Security Warning As Hackers Strike—What You Need To Know
Amazon Prime customers have been warned of a new hacking campaign that could cost them dearly—here’s what you need to know.
Amazon deal of the day: Our favorite budget earbuds are down to just $20
Got retail therapy on the mind? Head over to Amazon to save some money on your splurges. Whether you're looking for a Bluetooth speaker to drown out the latest news cycle or a Valentine's Day gift that'll impress your lover, there's something in the mix for you.
Amazon Drones Set To Return To The UK After Near-Decade Wait
Amazon's delivery drones are set to return to British skies, nine years after they were first trialled near Cambridge.
Whole Foods CEO’s role expands to oversee Amazon’s entire worldwide grocery initiatives
Jason Buechel will expand his role to oversee Amazon’s Worldwide Grocery Stores business, including Amazon Go convenience stores and Amazon Fresh physical and online stores, while also continuing to serve as Whole Foods Market CEO.
Amazon slashed the price of these Anker wireless earbuds to $20
The Anker Soundcore P20i true wireless earbuds are already affordable at their original price of $40, so don't miss this chance to get them for $20 from Amazon.
Amazon sues state agency to block release of company records to Bezos-owned Washington Post
Amazon is suing a Washington state agency to prevent the release of some company materials to The Washington Post, the newspaper which is owned by Amazon founder Jeff Bezos. In a lawsuit filed this week in King County Superior Court,
Amazon Music Unlimited raises prices on individual and family plans
Amazon Music is the latest streaming company to announce a price increase. In an email sent to subscribers, Amazon indicated that the price for an individual Amazon Music Unlimited subscription will be going up by one dollar, on the first billing date on or after March 5, 2025.