NYSE:FDX - New York Stock Exchange, Inc. - US31428X1063 - Common Stock - Currency: USD
Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -5.14% in the first quarter, compared to the S&P 500’s -4.27% return and Russell 1000 Value’s 2.14% return. The firm’s stock price performance was volatile, but its confidence […]
The company said shipments worth less than $800 to consumers and businesses would not be affected.
A UPS white paper promotes the benefits of traditional express carriers over gig logistics providers, but the TD Cowen/AFS Logistics Freight Index shows why businesses might like the lower prices from newer last-mile providers. The post UPS white paper casts shade on e-commerce gig delivery providers appeared first on FreightWaves.
Your phone is probably full of sketchy texts. Here's a breakdown of the most common schemes and how to avoid getting scammed.
US oil and gas operators face significant challenges due to recent economic policy changes, potentially leading to decreased production and market uncertainty.
Marten’s earnings showed a truckload carrier fighting a tough market with little sign of improvement. The post Marten’s first quarter short on good news as OR worsens, profit dips appeared first on FreightWaves.
Windsurf, the maker of a popular AI coding assistant, is in talks to be acquired by OpenAI for about $3 billion, Bloomberg reported. If the deal happens, it would put OpenAI in direct competition with a number of other AI coding assistant providers, including Anysphere, the maker of Cursor, which OpenAI backed from its OpenAI Startup Fund. The acquisition could jeopardize the credibility of the OpenAI Startup Fund, given that it is one of Cursor’s biggest investors, said a person familiar with C
We came across a bullish thesis on Novo Nordisk A/S (NVO) on Substack by Felix. In this article, we will summarize the bulls’ thesis on NVO. Novo Nordisk A/S (NVO)’s share was trading at $64.49 as of April 15th. NVO’s trailing and forward P/E were 18.76 and 15.41 respectively according to Yahoo Finance. Novo Nordisk, a dominant […]
The temptation to engage in tariff avoidance could prove “overwhelming” for U.S. companies in the months to come should the White House hold firm to its triple-digit tariff plan.
FRANKFURT (Reuters) -U.S.-based private equity firm KKR has reached a deal with Frankfurt-listed Datagroup to buy the firm in an all-cash transaction that values it at about 450 million euros ($508 million), the IT services provider said on Tuesday. Under the terms of the agreement - the latest in a flurry of acquisitions by the U.S. company - KKR will pay 54 euros for each Datagroup share held, representing a 33% premium on the company's last closing price of 40.75 euros. Shares in Datagroup jumped around 31% on Wednesday on the news, with the stock at its highest since February 2024.
FedEx's surcharges are expected to remain in effect until May 2, when the duty-free de minimis trade provision officially ends.
Mentions: UPS
Freight rail services provider CSX (NASDAQ:CSX) will be reporting results tomorrow after market hours. Here’s what investors should know.
- Citadel, Jane Street are among the firms China is eyeing to help boost market liquidity, Reuters says. - China’s ETF market has tripled in assets over the past two years. - The tariff war may hurt plans to bring in U.S. firms.
The $0.45 per pound surcharge will end May 2, the day the carrier will adjust its charges for clearing sub-$800 imports through customs.
Tobias Meyer said customers are opting to wait to make decisions until Trump’s tariff decisions are decided.
We recently published a list of 10 Firms Suffer Amid Optimistic Market Environment. In this article, we are going to take a look at where Full Truck Alliance Co. Ltd. (NYSE:YMM) stands against other firms that suffer amid optimistic market environment. Wall Street’s main indices recovered losses on Friday, as investors repositioned portfolios while digesting the […]
We recently published a list of Billionaire Stanley Druckenmiller’s Top 10 Stocks Picks with Huge Upside Potential. In this article, we are going to take a look at where NewAmsterdam Pharma Company N.V (NASDAQ:NAMS) stands against other Billionaire Stanley Druckenmiller’s other top stock picks with huge upside potential. Wall Street is overflowing with data. If […]
U.S. parcel volumes hit a record in 2024, but new competitors like Amazon, Walmart and OnTrac are eroding the market share of FedEx and UPS, a new report says. The post FedEx, UPS lose parcel market share to big retailers, smaller couriers appeared first on FreightWaves.
Stanley Black & Decker (NYSE: SWK) declined by more than 11% in trading at noon ET today. Aside from its obvious exposure to any tariff-induced decline in the economy (significant, as discretionary spending on DIY tools and industrial fasteners gets cut in a slowdown), Stanley Black & Decker has specific exposure from sourcing products from countries like China. Management discussed the issue on an earnings call before President Trump's election victory in late October.
A number of stocks fell in the afternoon session after stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for most countries. This added layer of uncertainty reminded investors that the global trade environment remained volatile, limiting the potential for sustained market gains.
The World No. 2 could take a leaf out of four-year-old Poppy McIlroy’s book at the Masters.
A senior US immigration official said the Trump administration is looking to overhaul deportation logistics by modeling operations after delivery giants like Amazon and FedEx, as Immigration and Customs Enforcement struggles with court backlogs and crowded detention centers.
Mentions: AMZN