UPS lowers 2023 revenue expectations, citing tentative labor deal with 340,000 unionized workers
Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion, primarily due to a tentative labor contract reached late last month with its 340,000 unionized workers
2023-08-08 19:56
Japan's tech investor SoftBank trims losses and promises offensive turnaround
Japanese technology company SoftBank Group continued to rack up losses for the fiscal first quarter as technology investments soured amid a market downturn
2023-08-08 17:59
Stock market today: Global markets lower ahead of US inflation update
Global stock markets and Wall Street futures are lower ahead of this week's U.S. inflation update
2023-08-08 17:25
US inflation has steadily cooled. Getting it down to the Fed's target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years
2023-08-08 17:16
Biden to announce historic Grand Canyon monument designation during Arizona visit
President Joe Biden will use his visit to Arizona to formally announce a national monument designation for the greater Grand Canyon
2023-08-08 15:52
China's July exports tumble by double digits, adding to pressure to shore up flagging economy
China's exports tumbled by double digits in July, adding to pressure on the ruling Communist Party to reverse an economic slump
2023-08-08 13:53
Stability AI’s Lead Threatened by Departures, Concerns Over CEO
Late last year, Stability AI Ltd., a startup based in London, was at the center of the AI
2023-08-08 13:15
Graffiti Battle Erupts on London Street Over Chinese Politics
A group of artists apparently from China whitewashed a wall long decorated by artists in London and then
2023-08-08 12:16
China Deflation Threat Grows as Companies Cut Prices to Survive
When China abandoned pandemic restrictions after three years of stringent controls, Nie Xingquan was expecting booming sales for
2023-08-08 10:54
Biden will tout long-sought Grand Canyon monument designation during Arizona visit
President Joe Biden will announce a new national monument to preserve land around Grand Canyon National Park and limit it from mining
2023-08-08 08:29
Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
A new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy
2023-08-08 05:20
Beyond Meat revenue plummets in the second quarter due to flagging US demand
Plant-based meat maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts
2023-08-08 04:55