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United Parcel Service made waves earlier this year when it announced a breakup with the world’s largest ecommerce retailer. Amazon, a competitor as well as a customer bringing in over one-tenth of UPS’ revenue, had turned unprofitable for the shipper, and in January of this year, UPS announced plans to slash the volume it delivered … Read more
Sometimes, answering a long-standing problem is a matter of finding a new perspective. Take methane from cows: For years, people have been trying to eliminate the gas from cow burps in an attempt to limit the livestock’s impact on the climate. But they haven’t made a dent. That’s in part because they were looking at … Read more
Roughly a month ago, Wedbush Securities analyst Dan Ives warned Tesla CEO Elon Musk that patience among his shareholders was “wearing very thin”. It looked as if it finally snapped, after Wall Street’s most reliable Tesla bull slashed his price target nearly in half, blaming the polarizing CEO for poisoning the well. Moving forward, he … Read more
As confidence in the economic outlook fades, consumers are slowing their spending, and businesses are lowering their earnings forecasts. Personal income jumped 0.8% last month, while spending increased 0.4%, contributing to a boost in the savings rate to 4.6%. That’s the highest since June 2024 and signals shoppers are turning more cautious. “The February spending … Read more
An appeals court on Friday lifted a block on President Donald Trump’s executive orders ending federal support for diversity, equity and inclusion (DEI) programs. A panel of three judges ruled the orders can be enforced during a pending lawsuit, reversing a nationwide injunction from U.S. District Judge Adam Abelson in Baltimore, the Associated Press reported. … Read more
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© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive … Read more
Less than 200 people were affected by the layoffs, but the company has also had dozens of store closures in the past year. Read More
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deloitte wants to slash spending on staff travel and expenses in the UK by more than 50 per cent, as it seeks to maintain partner profits during a slowdown in the professional services sector. An … Read more
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