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☆ Here are Thursday's biggest analyst calls: Nvidia, Meta, Tesla, IBM, UPS, Five Below, Amazon, TJX Companies and more
▼ + stars: | 2024-04-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Evercore ISI reiterates Nvidia as outperform Evercore ISI said investors should use any weakness in the stock to buy the dip. HSBC upgrades UPS to buy from hold HSBC said UPS is "getting back to earnings growth" following the company's earnings report. Bank of America downgrades Deckers to neutral from buy Bank of America said it sees a better risk/reward elsewhere in the firm's coverage. Bank of America reiterates IBM as buy Bank of America said it is sticking with its buy rating following earnings on Wednesday. Deutsche Bank reiterates Tesla as hold Deutsche Bank raised its price target on the stock to $136 per share from $123.

Persons: Sherwin, Williams, Bernstein, Goldman Sachs, Wells, Wells Fargo, Morgan Stanley, Ford, Needham, D.A, Davidson, ServiceNow, Tesla Organizations: Motors, GM, Nvidia, ISI, AMD, JPMorgan, Monster Beverage, Beverage, AMC, HSBC, UPS, USPS, Companies, UBS, UDR, Amazon, AWS, Bank of America, Meta, Laboratories, Manhattan Associates, IBM, Deutsche Bank Locations: 2Q24, Dearborn, Manhattan

☆ UPS profit beats estimates as cost cuts offset weak delivery demand
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: +2 min

United Parcel Service's (UPS) newly launched electric delivery truck is seen in Compton, California, U.S., September 13, 2023. United Parcel Service reported first-quarter profit above estimates on Tuesday as cost cuts partly offset subdued demand for small-package delivery, sending its shares up 3.5% premarket. UPS reported a 3.2% decline in average daily volumes in its domestic segment and a 5.8% drop in its international segment, but said volumes "showed improvement through the quarter". UPS recently secured the contract to provide Priority Mail and other speedy services for the U.S. Its revenue of $21.71 billion was below estimates of $21.86 billion.

Organizations: United Parcel Service, UPS, Teamsters, U.S . Postal Service, FedEx Locations: Compton , California, U.S, Atlanta

☆ The US Postal Service wants to hike stamp prices again in July. Here’s how much you’ll pay
▼ + stars: | 2024-04-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Stamp prices are set to increase — again. If approved by the Postal Regulatory Commission, the change would take effect in July, raising the cost of mailing services products by nearly 8%. Stamp prices alone have soared 36% since 2019 when they used to cost 50 cents. The Postal Service last raised First-Class stamp prices by two cents in January, just a few months after it raised prices three cents in July 2023. Other changes include domestic postcard prices increasing from 53 cents to 56 cents and international postcard prices increasing from $1.55 to $1.65.

Persons: ”, General Louis DeJoy, DeJoy, Trump Organizations: New, New York CNN, US Postal Service, Postal Regulatory Commission, Postal Service, USPS Locations: New York

☆ I got addicted to painkillers after a difficult childbirth. Years later, I'm finally sober.
▼ + stars: | 2024-04-09 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Minutes later, I'd frantically chop one of the pills with a credit card. When I woke up, one of the first things my doctor said was, "Where do we need to send your prescription for Oxycontin?" My husband was more worried than angry when he realized I was abusing prescription drugsSome days, I'd be sociable and charismatic, especially when showing apartments to prospective buyers. On other days, I'd retreat to my room, leaving my nannies to deal with the kids.

Persons: Alex Gardella, —, I'd, SIDS, Oxycontin —, I'm, liposarcoma, Gardella, Uber, It's Organizations: Service, Business Locations: Manhattan

UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

☆ UPS to replace FedEx as U.S. Postal Service's primary air cargo provider
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: +2 min

United Parcel Service will become the United States Postal Service's (USPS) primary air cargo provider, the company said on Monday, as rival FedEx announced an end to its more than 20-year partnership with the postal service provider. USPS was the largest customer for FedEx's air-based Express segment, even as payments declined after the postal service shifted letters and packages from planes to more economical trucks. 1 USPS domestic air contractor, FedEx had supported the agency's Priority Mail and other quick services. "The parties were unable to reach agreement on mutually beneficial terms to extend the contract," FedEx said in a securities filing on Monday. USPS' payments to FedEx shrank to about $1.7 billion in fiscal 2023, from $2.4 billion during the fiscal year ended September 2020.

Persons: Thomas Martin, FreightWaves Organizations: Parcel Service, United States Postal, FedEx, UPS, USPS, GLOBALT Investments, Air Line Pilots Association Locations: Atlanta

It’s very much hand in hand,” said DeJoy, who acknowledged being impatient with the pace of change, including the rollout of electric vehicles. Those efficiency-driven changes will help the environment by reducing carbon emissions by eliminating wasteful activities, in addition to electric vehicles and other efforts. Last month, the Postal Service unveiled new EVs and charging stations at a new distribution center in Georgia, one of many updated sorting and delivery centers that are opening. The Postal Service plans to take delivery of 66,000 electric vehicles over five years. But not everyone is thrilled by the focus on electric vehicles.

Persons: General Louis DeJoy, Biden, ”, DeJoy, Jennifer Beiro, Craig Stevens, Sharp Organizations: U.S . Postal Service, Postal Service, Congress, Workers, Oshkosh Locations: Georgia, Ford, Oshkosh, Midwest, Portland , Maine

☆ I rolled over my 401(k) because I thought it was the smart financial move. Several delays and 5 months later, I regret even starting the process.
▼ + stars: | 2024-01-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +13 min

While my case may have been a little on the extreme side, a financial planner assured me that I'm far from the only person to have struggled with a 401(k) rollover. August 15, 2023: Fidelity cuts two checks — made out to Vanguard, not me (this, I later learn, is key) — and mails them to me. I was supposed to make my rollover checks payable to them. The author attempted to mail the rollover form and checks from Brooklyn, New York. I never want to initiate a 401(k) rollover ever again.

Persons: —, I've, Roth, Vanguard There's, Kathleen Elkins, Brent Weiss, that's, Ascensus, Weiss, wasn't, it's Organizations: Business, Fidelity, Vanguard, Neat, UPS, Trust, Facility, IRS Locations: Los Angeles, New York City, Brooklyn , New York, Brooklyn Heights, North Carolina, Charlotte, New York

☆ How Martin Luther King Jr. Day became a federal holiday
▼ + stars: | 2024-01-14 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

A bill proposing a federal holiday honoring Martin Luther King Jr. was first introduced in 1968. Martin Luther King Jr. Day is the second federal holiday of every calendar year (after New Year's Day). The first time Martin Luther King Jr. Day was officially observed was in 1986, according to Time. AdvertisementSouth Carolina became the last state, in 2000, to officially designate Martin Luther King Jr. Day as a federal holiday. As part of Martin Luther King Jr. Day, public schools and universities are closed, and it's a bank holiday.

Persons: Martin Luther King Jr, Ronald Reagan, —, that's, Holiday Bill, King, . King, Bill, John Conyers of, Congressional Black Caucus —, Republican Sen, Edward Brooke of Massachusetts, didn't, Stevie Wonder, Robert E, Lee, George Washington, Christopher Columbus, Conyers Organizations: Service, MLK, National Museum of, Democratic Rep, Congressional Black Caucus, Republican, Confederate, USPS Locations: Memphis , Tennessee, Memphis, John Conyers of Michigan, Washington, Carolina, Alabama, Mississippi

☆ A 20-year-old college student brought in $125,000 in 7 months doing retail arbitrage on Amazon. He explains how he got started with $3,000 upfront.
▼ + stars: | 2024-01-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Low-risk retail arbitrage is time-intensive, however. He had a few summer vacation months ahead: the perfect opportunity to scale a retail arbitrage operation. With FBA, he wouldn't have been able to list products until Amazon received them, which would have killed his strategy of listing products before purchasing inventory. Dhingra, now 20, is in his junior year at VCU and focused on other entrepreneurial projects since retail arbitrage requires so much time. He has reinvested 100% of his profits back into the arbitrage business, he said: "I haven't taken a single disbursement from my business checking.

Persons: Sahaj Dhingra, Dhingra, it's, Perrier, Nestlé, it'll, wouldn't, He'd Organizations: YouTube, Amazon, Costco, Walmart, Business, Virginia Commonwealth University, VCU, UPS, USPS Locations: Virginia, Dhingra

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerica's firetrucks are becoming electrified. Here's howOshkosh Corporation is an $8.3 billion maker of firetrucks, tactical vehicles, news vans, mail trucks and construction lifts, among other things. Its Pierce brand is the largest maker of firetrucks in North America. Between 2012 and 2021, home fires alone took nearly 3,000 lives, caused more than 11,000 injuries and nearly $9 trillion in damage. It won a $3 billion contract to build the next generation USPS delivery truck.

Persons: Pierce Organizations: Oshkosh Corporation, USPS Locations: Oshkosh, North America

☆ What’s open and closed on Thanksgiving Day 2023
▼ + stars: | 2023-11-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Thanksgiving Day has looked different in recent years. Sights of people lining up at 5 pm Thanksgiving Day at large retailers to catch Black Friday deals are rare since the onset of the pandemic. Here’s what’s open and closed on Thanksgiving Day 2023. RetailTarget is closed on Thanksgiving Day. Brendan Smialowski/AFP/Getty ImagesPharmaciesMost Walgreens locations will be closed, marking the first time the pharmacy chain has closed stores on Thanksgiving day, it said.

Persons: Here’s, “, Brian Cornell, We’ll, John Furner, Nordstrom, Brendan Smialowski, Tom Thumb, Kroger, Felix Mizioznikov, – CNN’s Jennifer Korn Organizations: New, New York CNN, Walmart, NBC, CVS, Getty, Walgreens, CVS Health, ., Aid, Foods, Albertsons, Safeway, Aldi, Costco, Nasdaq, New York Stock Exchange, UPS, FedEx Locations: New York, Washington ,, AFP, Brenham , TX, USA, Texas, Alamy

☆ The US Postal Service lost $6.5 billion last year. It predicted it would break even
▼ + stars: | 2023-11-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The US Postal Service lost $6.5 billion in its just-completed fiscal year, delivering a blow to the service’s hopes of a financial turnaround. The Postal Service had projected it would break even in the fiscal year that ended September 30, on its way to annual profits this year and going forward. The Postal Service reported that revenue from shipping and packages, now the largest segment of its business by revenue, edged up 1% to $31.6 billion, even as the volume fell by 2%. First-Class mail also brought in 2% more revenue, climbing to $24.5 billion, despite a 6% drop in volume. The Postal Service reported net income of $56 billion in the previous fiscal year but that was primarily due to the non-cash gain of nearly $57 billion from 2022 legislation that changd the way it accounted for its retiree health care expenses.

Persons: General Louis DeJoy, DeJoy, ” Organizations: New, New York CNN, US Postal Service, Postal Service, UPS, Teamsters, FedEx Locations: New York

☆ US Postal Service reports $6.5 billion net loss for 2023 fiscal year
▼ + stars: | 2023-11-14 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A United States Postal Service (USPS) mail delivery truck is seen in Queens, New York City, U.S., May 9, 2022. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 with revenue down 0.4% to $78.2 billion as first-class mail fell to the lowest volume since 1968. The Postal Service said results were significantly affected by the impact of inflation on operating expenses. The net loss was also impacted by accounting for its underfunded retirements caused by actuarial revaluation and discount rate changes. First-class mail, used by most people to send letters and pay bills, is the highest revenue-generating mail class, accounting for $24.5 billion, or 31% of USPS 2023 revenue.

Persons: Andrew Kelly, General Louis DeJoy, Joe Biden, David Shepardson, Chris Reese, Aurora Ellis Organizations: United States Postal Service, REUTERS, Rights, U.S . Postal Service, Postal Service, USPS, Thomson Locations: Queens , New York City, U.S

If your package has been lost or stolen, reach out to the sender or seller about a replacement or refund. But with the joy of the holiday season comes the headache of package theft. So as we approach another season of packages and deliveries, what should you do if you have an Amazon package stolen, a USPS package missing, or a UPS package lost? Contact the retailerIf in fact your package has been lost or stolen, contact the retailer and let them know what has happened. File a claim with the shipping companyYou can file a claim for a stolen package with Fedex and UPS.

Persons: — Organizations: Service, Fedex, UPS, U.S

☆ US Postal Service seeks to hike stamp prices to 68 cents
▼ + stars: | 2023-10-06 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

A United States Postal Service (USPS) mailbox is seen in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 6 (Reuters) - The United States Postal Service (USPS) said on Friday it wants to raise the price of first-class mail stamps to 68 cents from 66 cents effective Jan. 21. The proposal, which must be approved by the Postal Regulatory Commission, would raise mailing services product prices by about 2%, significantly less than prior price hikes. Stamp prices are up 32% over the last four years since early 2019 when they were 50 cents. USPS has been raising stamp prices twice yearly and expects its "new pricing policy to generate $44 billion in additional revenue" by 2031.

Persons: Andrew Kelly, David Shepardson, Chris Reese, Sandra Maler Organizations: United States Postal Service, REUTERS, Postal Regulatory Commission, USPS, Service, U.S . Congress, Thomson Locations: Manhattan , New York City, U.S

☆ Uber will now pick up your packages and take them to UPS, FedEx or USPS
▼ + stars: | 2023-10-04 | by ( Melina Khan | ) www.cnbc.com time to read: +1 min

Uber announced Wednesday it's now offering return package shipping through mail carriers through its Uber and Uber Eats apps. Drivers will pick up the packages and drop them off at UPS, FedEx or USPS. Packages that are shipped through Uber Connect must be prepaid, sealed and ready to be shipped. Customers will also be able to follow their packages with live tracking in the Uber app, which will include a photo of the receipt once the delivery has been completed. In addition to the flat fee, standard tipping options are available for package deliveries.

Persons: Uber Organizations: UPS, FedEx, USPS, Uber Connect, Uber

☆ Oshkosh CEO John Pfeifer goes one-on-one with Jim Cramer
▼ + stars: | 2023-10-03 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Oshkosh CEO John Pfeifer goes one-on-one with Jim CramerOshkosh CEO John Pfeifer sits down for an exclusive interview with 'Mad Money' host Jim Cramer to talk electric vehicles, its USPS contract and entering the air transportation support market.

Persons: John Pfeifer, Jim Cramer Oshkosh, Jim Cramer Organizations: Oshkosh

[1/2] A worker clears debris so delivery vehicles can exit a FedEx Ground distribution center in this aerial photograph taken over Carson, California, U.S., September 16, 2022. "They have to fight for every package right now, it's great for shippers," said LJM Consultants partner Kenneth Moyer, a former UPS pricing negotiator who now works with delivery customers. The world's biggest parcel delivery firm added it is using price negotiations to encourage attractive high-margin or high-volume customers, while discouraging high-cost deliveries. Third quarter ground delivery rates are forecast to fall 0.55% per package versus a the year earlier period, according to the TD Cowen/AFS Ground Pacrel Freight Index. But experts are skeptical, particularly as UPS offers to cover early termination fees for customers that switched to FedEx.

Persons: Bing Guan, That's, Kenneth Moyer, Deyman Doolittle, Wall, Moyer, Mark Taylor, Taylor, Satish Jindel, ShipMatrix, Micheal McDonagh, Yokeley, Lisa Baertlein, Ben Klayman, Aurora Ellis Organizations: FedEx, REUTERS, United Parcel Service, UPS, U.S . Postal Service, LJM, Cowen, Reuters Graphics Reuters, Teamster, Department, USPS, Amazon, AFS Logistics, International Brotherhood of Teamsters, Teamsters, Thomson Locations: Carson , California, U.S, Macy's, Los Angeles

☆ Amazon driver in Florida hospitalized in 'very serious condition' after rattlesnake bite while making a delivery, police say
▼ + stars: | 2023-09-20 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

A Florida Amazon driver is hospitalized in "very serious condition" after being bitten by a snake. AdvertisementAdvertisementAn image from the Martin County Sheriff's Office shows the Eastern diamondback rattlesnake that bit the Amazon driver. The Martin County Sheriff's Office did not immediately respond to Insider's request for comment on the driver's current condition. In August 2022, a USPS mail carrier died after she was attacked by five dogs when her truck broke down, the local sheriff's office said. In October, an Amazon delivery driver was found dead in a yard in Missouri and was suspected to have been mauled by two dogs.

Persons: Martin, Branden Baribeau Organizations: Service, Sheriff's, Facebook, Sheriff's Office, Centers for Disease Control, Florida Museum, USPS Locations: Florida, Wall, Silicon, Palm City , Florida, Eastern, Martin, Martin County, Missouri, Texas

AdvertisementAdvertisementA money order is a method of sending money that's more secure than a personal check or cash. Plan to cash your money order in a timely fashionThe longer you hold on to the money order, there's a chance it can be lost, damaged, or misplaced. AdvertisementAdvertisementPlus, cashing a money order quickly is a way to protect yourself against possible fraud, since the sender can cancel their money order. Sign the back of your money order to endorse itDon't sign the money order in advance; add a signature to the back of the money order when you are at the counter. Cashing a money order FAQsCan a money order be converted to cash?

Persons: that's, Chane Steiner, It's, You'll, there's, you've, Steiner Organizations: Service, Union, United States Post Office, Walmart, Chevron, U.S . Bank Locations: Wall, Silicon, Western Union, Chevron

☆ I'm a smug 30-year-old who thought only Luddites like my mom fall for 'smishing' scams. Then it happened to me.
▼ + stars: | 2023-08-26 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +6 min

I'm a smug 30-year-old journalist who grew-up (mostly) computer literate. It wasn't enough to stop me from giving my credit card information to a USPS smishing scam. Haven Orecchio-EgresitzWhen my (non-biological) grandmother moved to Norway, I sent her a small package with some art my 1-year-old made. I then opened it on my laptop so I could click around and make sure it was actually the USPS. You know, that sassy department that sends you scathing emails warning you not to fall for phishing attempts.

Persons: Ellen DeGeneres, she's, Ellen, hasn't, Haven, Mommo, I'm Organizations: United States Postal Service, USPS Locations: Norway

☆ I was a USPS letter carrier for 44 years. To protect us from extreme heat, the postal service needs to provide more training and air-conditioned trucks.
▼ + stars: | 2023-08-20 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +5 min

Mike Kurz worked as a USPS letter carrier for 44 years before retiring this May. And in the past couple of years, there's been a handful of letter carriers who have died from heat-related illness. I learned the signs of heat-related illness, and it saved meThroughout my career, I suffered heat-related illness often, with at least one incident every few years. In order to protect letter carriers from heat-related illness and death, the postal service should improve the quality of their heat-safety training and invite experienced letter carriers like me to lead them. Letter carriers have to remember their health is more important than the mailI also tell my fellow letter carriers to use wet towels on their heads and neck to keep cool.

Persons: Mike Kurz, Kurz, It's, there's, Andrew Kelly, —, Louis DeJoy, they're, we've, I've, terry Organizations: Service, US Postal Service, USPS Locations: Wall, Silicon, Elizabeth City , North Carolina

☆ 'It was a death trap.' Their loved ones died working in the extreme heat. Now they demand change
▼ + stars: | 2023-08-19 | by ( ) edition.cnn.com time to read: +9 min

By Friday, he had his accident, and my son was gone Saturday morning,” Velma Infante, his mother, told CNN. CNN spoke to two women who lost loved ones who died while working outdoors in the extreme heat. According to what Eugene’s then-supervisor told Carla, her husband collapsed in a neighbor’s front yard while delivering mail. Velma Infante carries this vial which holds a print out of her son Gabriel's last heart beats. Velma Infante worries that other state governors might follow Abbott’s example and implement similar laws that could potentially roll back local worker protections.

Persons: Los Angeles CNN — Gabriel Infante, “, Gabriel’s, Joshua Espinoza, Infante, EMTs, Infante wasn’t overdosing, ” Velma Infante, ”, Carla Gates, Eugene Gates, ’ Gates, Eugene, Carla, ” Gates, Carla didn’t, ” Carla, Eugene’s, Gates, Kimetra Lewis, Aaron Fisher, ’ Infante, Velma, ” Infante, Gabriel, ” Velma, Velma Infante, Gabriel's, John General, ’ ” Velma, Greg Abbott’s, Biden, we’re Organizations: Los Angeles CNN, CNN, US Postal Service, Dallas, Medical, National Association of, Carriers, USPS, Texas, Occupational Safety, Health Administration Locations: San Antonio , Texas, Bexar County , Texas, Bexar County, Dallas, Texas, Lakewood , Texas, Gates, Austin

☆ US postal workers say agency's productivity tracking and inconsistent training is life-threatening amid extreme heat
▼ + stars: | 2023-08-06 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +8 min

The USPS letter carriers who spoke to Insider requested anonymity because they were concerned about possible retaliation. "I've had several days where I'd have to stop and try to cool down," she told Insider. The program is designed to educate letter carriers on the warning signs of heat-related illness and how to stay safe amid high temperatures. This year, the National Associated of Letter Carriers has ordered every local branch to review its training completion records. "This is easily the worst summer yet," the rural letter carrier from Texas told Insider.

Persons: Eugene Gates Jr, Gates, Kimetra Lewis, Eugene Gates , Jr, Albert Ruiz, —, Brian Renfroe, Renfroe, I've, Lewis, Darlene Casey, It's Organizations: Service, US Postal Service, National Association of, Postal, USPS, National Labor Relations Board, South Carolina, National, Carriers, Postal Service, Washington Post, Texas Tribune, Workers Locations: Wall, Silicon, Texas, Dallas , TX, Lakewood, South, South Carolina, United States

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