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UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas guzzlers and make a dent in the country's climate-warming tailpipe emissions.
United Parcel Service, Inc. stock is facing a series of profit headwinds. These headwinds include competition, and shipping volume pressure, and also operational expense control.
If United Parcel Service NYSE: UPS can be used as a leading indicator of the economy and S&P 500 performance, it sends a mixed signal. On the one hand, operational improvements and increased efficiency set UPS up for leverage growth when its business rebounds.
Italian energy group Eni said on Wednesday it would raise its planned 2024 share buyback by 45% to 1.6 billion euros after beating analyst expectations for its first-quarter net income.
United Parcel Service Inc (NYSE:UPS) saw its shares rise more than 2% on Tuesday after quarterly profits came in better than expected, with cost-cutting measures helping offset weakened demand. Underlying profits slipped year-on-year by 35% to US$1.43 per share in the first quarter.
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