Business

UPS Cuts Amazon Deliveries to Boost Profitability, Shares Drop 15%

Published on: January 30, 2025, 11:02 PM UTC

US stocks gained momentum Thursday afternoon as investors digested earnings from megacap tech companies and awaited Apple (AAPL) results for further insights into Big Tech's prospects. The S&P 500 (^GSPC) rose 0.5%, the Dow Jones Industrial Average (^DJI) climbed 0.4%, and the Nasdaq Composite (^IXIC) gained 0.3%. In earnings news, Microsoft (MSFT) shares plunged 6% after its quarterly cloud revenue fell short of expectations, while Meta (META) beat on earnings, buoying its stock. Tesla (TSLA) shares also rose despite an earnings miss, with investors focusing on its commitment to renewed growth by 2025. Meanwhile, President Trump's renewed threats of tariffs on Mexico and Canada caused a spike in the US dollar index before closing flat. Investors also parsed the Federal Reserve's decision to hold interest rates steady, turning to corporate earnings reports for guidance.

Published on: January 30, 2025, 11:01 PM UTC

Apple Q1 earnings beat estimates, but iPhone revenue falls short; Greater China sales disappoint

Published on: January 30, 2025, 11:01 PM UTC

Walgreens Boots Alliance suspends quarterly cash dividend amid restructuring efforts, sending shares down nearly 8% in extended trading.

Published on: January 30, 2025, 11:01 PM UTC

Kash Patel, Trump's FBI Director nominee, is worth over $5.9 million and made $2.6 million last year through consulting, paid speeches, and books.

Published on: January 30, 2025, 11:00 PM UTC

Despite Shell's write-off, Atlantic Shores remains committed to delivering New Jersey's first offshore wind project, affirming its compliance with existing obligations.

Published on: January 30, 2025, 11:00 PM UTC

Laurel Road's HYSA offers a 4.00% APY with no minimums or monthly fees. It's an online-only account with high yield and no maintenance costs, making it a great choice for saving and earning interest.

Published on: January 30, 2025, 11:00 PM UTC

Cigna (CI) posted better-than-expected revenue of $65.65 billion in Q4 CY2024, a 28.4% year-over-year increase. However, the non-GAAP EPS of $6.64 missed analysts' estimates by 15.1%. Analysts project full-year revenue of $252 billion, in line with Cigna's guidance. Explore our full research report for more insights and guidance on investing in CI.

Published on: January 30, 2025, 10:10 PM UTC

Intel (INTC) beats Q4 revenue estimates but disappoints with weak guidance. EPS of $0.13 tops expectations by 8.7%. Revenue declines by 7.4% YoY to $14.26B, while Q1 guidance falls below analyst estimates. Despite positive takeaways, disappointing guidance dampens sentiment.

Published on: January 30, 2025, 10:09 PM UTC

Deckers (DECK) surprises with Q4 revenue beat, but stock drops 15.8% due to slightly missed full-year guidance. Should you buy DECK after the earnings release? Read our full research report to find out.

Published on: January 30, 2025, 10:09 PM UTC