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☆ It’s easier than you might think for teens to buy restricted e-cigarette devices online
▼ + stars: | 2024-11-11 | by ( Sam Tupper | ) edition.cnn.com time to read: +4 min

CNN —Although sales of tobacco products have been restricted in hundreds of municipalities across the US, a new study is highlighting some loopholes that allow children to bypass online regulations to buy e-cigarettes. Though the sales of flavored tobacco products have been restricted in eight states and in nearly 400 cities or counties, these regulations don’t completely cover e-commerce or online shopping. “People will not tell the truth when they enter their age, and it’s remarkably easy for kids to get tobacco products mailed to them. More than 1 in 4 underage people report using e-cigarettes daily, and most youth who use e-cigarettes favor flavored products. “Prohibiting tobacco sales completely, or states putting some more restrictions on how the products are delivered to people, can help make e-cigarettes harder to purchase,” he said.

Persons: ”, Thomas Carr, Carr, Dr, Sanjay Gupta, ” Carr Organizations: CNN, Tobacco Survey, Children, United States Postal Service, JAMA, USPS, American Lung Association, ” Tobacco, Food and Drug Administration, Tobacco Control, CNN Health, American Academy of Pediatrics, FDA

☆ Jeff Bezos has just as much at stake in this election as Elon Musk
▼ + stars: | 2024-10-28 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The billionaire has been less prominent in the election than Elon Musk — but still has much at stake. Bezos's Blue Origin is working with NASA and the Pentagon as it plays catch-up with Musk's SpaceX. Executives from Bezos' rocket company Blue Origin, including CEO Dave Limp, spoke with Donald Trump on Friday, The Associated Press reported. Like all private space companies, Blue Origin relies heavily on federal contracts and is competing with SpaceX for government and military projects. Blue Origin did not respond to a request for comment from Business Insider.

Persons: Jeff Bezos's, Elon Musk, —, Jeff Bezos, Dave Limp, Donald Trump, Kamala Harris, William Lewis, Bezos, Lewis, Robert Kagan, Michele Norris, Marty Baron, Baron, Elon, Artemis, it's, SpaceX's, Trump Organizations: Washington Post, NASA, Pentagon, Musk's SpaceX, Service, Bezos, Associated Press, New York Times, Trump, SpaceX, Republican, PAC, Business, Bloomberg, White, Twitter, United States Post, United States Postal Service, Web Services, of Defense, Microsoft Locations: Washington, The Texas, Amazon

☆ UPS beats quarterly profit estimates, raises operating margin forecast
▼ + stars: | 2024-10-24 | by ( ) www.cnbc.com time to read: +2 min

(Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images)United Parcel Service surpassed Wall Street estimates for quarterly profit and raised its full-year adjusted operating margin forecast on Thursday after it hived off its volatile truckload brokerage business, Coyote Logistics. The company had slashed its full-year adjusted operating margin target to 9.4% in July, despite an uptick in U.S. volumes because of the shift. It now expects a full-year operating margin of 9.6%. UPS saw a 6.5% growth in average daily volumes in its domestic segment in the third quarter. Its adjusted operating margin of 8.9% was above last year's 7.7%, on cost cuts.

Persons: Lindsey Nicholson Organizations: UPS, Getty Images, United Parcel Service, Wall, Coyote Logistics, U.S . Postal Service, Consolidated, United States Postal Service, FedEx Locations: Queens , New York, U.S, China

☆ What is open and closed on Indigenous Peoples’ Day 2024
▼ + stars: | 2024-10-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —On the second Monday of October, Americans will be celebrating Indigenous Peoples’ Day, also known as Columbus Day. Indigenous Peoples’ Day recognizes the contributions and legacy of those who lived here long before Christopher Columbus erroneously claimed to have discovered America. President Joe Biden formally recognized Indigenous Peoples’ Day in 2021 by signing a proclamation stating that federal policies “systematically sought to assimilate and displace Native people and eradicate Native cultures.”Some states officially celebrate Indigenous Peoples’ Day and others commemorate it through proclamations. More than 100 cities have replaced Columbus Day altogether with the holiday. Chase Bank and TD Bank will be open for Indigenous Peoples’ Day.

Persons: Christopher Columbus, Joe Biden, “ Organizations: New, New York CNN, Indigenous, Columbus Day . Indigenous, ’, Indigenous Peoples, Columbus, Banks, Federal Reserve, Nasdaq, New York Stock Exchange, Bank of America, Citibank, Chase Bank, TD Bank, Mail, United States Postal Service, UPS, FedEx, FedEx Express, Target, Walmart, Kroger Locations: New York, America, Wells Fargo

☆ The Post Office wants stamp prices to rise five times in the next three years
▼ + stars: | 2024-09-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Three things seem certain to happen in life: death, taxes and the prices of stamps going up. The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through 2027, according to a detailed document submitted this week to the Postal Regulatory Commission. The next price hike is planned for July 2025 and will then repeat “each January and July thereafter” through the end of 2027, the agency said. However, all price changes must be approved by the Postal Regulatory Commission and the specific price hikes weren’t announced. First-Class mail is becoming a smaller part of the Postal Service’s business because of online communication.

Persons: ”, Louis DeJoy, “ Organizations: New, New York CNN, United States Postal Service, Postal Regulatory Commission, weren’t, USPS Locations: New York

☆ What the top 2024 election issues are for these young voters
▼ + stars: | 2024-09-22 | by ( Elise Hammond | Shania Shelton | ) edition.cnn.com time to read: +19 min

Along with the economy, young voters also name abortion, immigration, foreign policy, climate and gun control as other priorities. A recent GenForward survey conducted by the University of Chicago supports what dozens of young voters told CNN. Foreign policyAmerica’s position on the world stage is also top of mind for young voters. The Israel-Hamas war has proved to be a key sticking point for progressive and young voters, as well as Arab American and Muslim communities. Regardless of what issues are galvanizing young voters to head to the polls, many say they think their turnout in November will surprise some people.

Persons: N’Dea Gordon, ” Gordon, Gordon, who’ve, ”, Donald Trump, Kamala Harris –, they’ve, Logan Paul, Adin Ross, Harris, Vivek Rallabandi, Joe Biden, “ I’m, I’m, ” Rallabandi, Trump, Rallabandi, he’s, “, hasn’t, she’s, Vivek, Darius Diggs, Biden, Diggs, –, Darius Dupri Diggs, Darius Dupri Diggs Chaim Birzen, Birzen, “ That’s, Tyler Sands, Beyton Owens, Finn Gaensler, Finn, “ It’s, ” Gaensler, Roe, Wade, Ava Pallotta, Pallotta, Gen, Erin Clark, Kalkowski, Katelyn, Sebastien Ostertag, Sebastien Ostertag That’s, Ostertag, we’re, Jacob Telenko, ” Telenko, Jean Kojali, ” Kojali, Harris doesn’t, Harris ’, Noe Nunez, Nunez, ” Nunez, “ it’s, Jed Lyons, Joseph Yang, Yang, Joseph Yang “, “ We’re, CNN’s Kate Sullivan, Dana Elobaid Organizations: CNN, Western Governors University, University of Chicago, Trump, Federal Reserve, White, Republican, Marquette Law School, Senate, Trump’s, Harvard University, Boston Globe, Young, America, Democratic, US, Republican Party, Immigration, state’s Young Republican, United States Postal Service Locations: Columbus , Ohio, Pennsylvania, Rockland County , New York, America, Montana, California, Idaho, Santa Cruz , California, “, Port Chester , New York, Chapel Hill , North Carolina, Dearborn , Michigan, Israel, Gaza, Ukraine, Henderson , Nevada, United States, Cobb County , Georgia, Mexico, Zebulon , North Carolina, Mexican American, Gilbert , Arizona, Phoenix, Korean, Chandler , Arizona

☆ FedEx quarterly profit disappoints as demand for speedy delivery wanes
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +2 min

FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options. Shares in the Memphis-based delivery giant tumbled almost 11% to $267.74 in after-hours trading, dragging shares in rival United Parcel Service down 2.5%. The shift to less-profitable packages is squeezing profits at FedEx and UPS. Subramaniam is leading a complex restructuring at FedEx that involves slashing billions of dollars in overheads and merging its separate Ground and Express delivery units. On an adjusted basis, profit fell to $3.60 per share from $4.55 per share a year ago.

Persons: Raj Subramaniam, Subramaniam Organizations: FedEx, United Parcel Service, UPS, Reuters, Federal, United States Postal Service, FedEx Freight Locations: Memphis, China, Shein, U.S

☆ UPS shares slide on earnings miss, guidance cut
▼ + stars: | 2024-07-23 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

United Parcel Service on Tuesday reported profit and revenue for the second quarter that came in below expectations and cut its 2024 revenue guidance. UPS now expects 2024 revenue to be approximately $93 billion, revised from a previous forecast for as much as $94.5 billion. Adjusting for the impact of settling an "international regulatory matter," UPS posted earnings of $1.79 per share. The company reported operating profit of $1.94 billion, down from $2.78 billion a year earlier. Correction: UPS reported second-quarter profit and revenue on Tuesday.

Persons: Carol Tomé Organizations: Parcel Service, UPS, Logistics, RXO Logistics, LSEG, Revenue, Investors, United States Postal Service, FedEx, USPS Locations: U.S

☆ Ford steals market share, plus bank stress tests and Pool Corp's ripple effect
▼ + stars: | 2024-06-25 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

After three sessions of heavy rotation out of tech and AI winners and into other areas of the market, the market has shifted back to tech and momentum leaders. So when cracks are forming in other areas of the market, investors quickly return to where the growth is the strongest: tech. Stress tests: With the annual bank stress test results due out Wednesday after the bell, Jefferies took a look at how bank stocks have fared since 2021 immediately following the release. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.

Persons: Jim Cramer, John Rainey, Cramer, Ford, Jefferies, Wells Fargo, General Mills, — Morgan Chittum, Jim Cramer's, Jim, Bill Pugliano Organizations: CNBC, Corp, Supply, Pool Corp, Walmart, Union Pacific, Micron, Nvidia, Federal Reserve, Jefferies, FedEx, United States Postal Service, Jim Cramer's Charitable, Ford, Ford Dearborn Plant, Getty Locations: London, Dearborn , Michigan

☆ What’s open and closed on Juneteenth 2024
▼ + stars: | 2024-06-19 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

Here’s what’s open and closed on Juneteenth 2024. TD Bank, which has remained open in previous years, will also be closed Wednesday. Schools and government agenciesFederal offices will be closed on Juneteenth. In 2023, at least 28 states recognized Juneteenth as a public holiday for which state workers received a paid day off, according to a Pew Research analysis. RetailersMost major retailers and grocery stores will be open on Juneteenth.

Persons: New York CNN —, Gordon Granger, Abraham Lincoln, —, Juneteenth, Here’s, CNN’s Harmeet Kaur Organizations: New, New York CNN, Black Americans, Union Army, Washington DC, Black American, United States Postal Service, UPS, FedEx, Nasdaq, New York Stock Exchange, Federal Reserve, Chase, Bank of America, TD Bank, Pew, Walmart, Target Locations: New York, United States, Galveston , Texas, Juneteenth

☆ Here is what’s open and closed on Memorial Day 2024
▼ + stars: | 2024-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

CNN —Memorial Day is the unofficial start of summer, with many students out of school and office workers enjoying the day off. This year, Memorial Day is on Monday, May 27. Here’s what will be open and closed on Memorial Day 2024. Walmart and Target will be open on Memorial Day. Postal servicesThe United States Postal Service will not be delivering mail on Memorial Day.

Organizations: CNN, Retail, Walmart, Target, Kroger, Aldi, Costco, New York Stock Exchange, Nasdaq, Federal Reserve, United States Postal Service, UPS, FedEx

☆ What’s open and closed on Memorial Day 2024
▼ + stars: | 2024-05-26 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Memorial Day is the unofficial start of summer, with many students out of school and office workers enjoying the day off. This year, Memorial Day is on Monday, May 27. Here’s what will be open and closed on Memorial Day 2024. Walmart and Target will be open on Memorial Day. Postal servicesThe United States Postal Service will not be delivering mail on Memorial Day.

Organizations: New, New York CNN, Retail, Walmart, Target, Kroger, Aldi, Costco, New York Stock Exchange, Nasdaq, Federal Reserve, United States Postal Service, UPS, FedEx Locations: New York

☆ U.S. Postal Service Proposes Raising Stamp Prices Again
▼ + stars: | 2024-04-10 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

The United States Postal Service on Tuesday proposed an overall increase of nearly 8 percent on the price of postage, the latest in a series of stamp hikes over the past three years. The new prices would take effect in July, pending approval from an independent regulatory commission. Among other changes, a Forever stamp would cost 73 cents instead of 68 cents, and the price of a domestic postcard would rise to 56 cents from 53 cents. The Postal Service has faced financial issues for years because it is required to fund retiree health care benefits for its employees in advance. It’s also facing headwinds, like other postal services globally, as fewer people send mail.

Persons: It’s Organizations: United States Postal Service, Postal Service

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

☆ Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
▼ + stars: | 2024-04-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.

Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, —, Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta

☆ What’s open and closed on Easter Day 2024?
▼ + stars: | 2024-03-30 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

On Easter Sunday, Christians celebrate the resurrection of Jesus Christ on the third day after his crucifixion. Here’s what’s open and closed on Easter Sunday 2024. Most Kroger stores and the grocery stores under its umbrella will be open on Easter, the company said. Postal servicesSince it’s a Sunday, United States Postal Service won’t be delivering mail. There will be no UPS pickup or delivery service, and UPS Store locations may be closed but Express Critical will be available.

Persons: Jesus Christ, Jesus, TJ Maxx Organizations: New, New York CNN, National Retail Federation, Retail, Costco, Sam’s, Kroger, Shoppers, Walmart, New York Stock Exchange, Nasdaq, United States Postal Service, FedEx Locations: New York, HomeGoods, Sierra

☆ What’s open and closed on MLK Day 2024
▼ + stars: | 2024-01-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

However, the first national celebration of MLK Day didn’t take place until 1986 after years of advocacy. Here’s what’s open and closed on Martin Luther King, Jr. Day 2024. Bing Guan/Bloomberg/Getty ImagesMajor US retailers and grocers — such as Target, Walmart and Kroger — will be open on MLK Day. MLK Day is one of six free entrance days in 2024. FedEx will be open, though FedEx Express and FedEx Ground Economy will be operating on modified service.

Persons: Martin Luther King, Jr, John Conyers, King, Here’s, Bing Guan Organizations: New, New York CNN, MLK, Retail, Costco, Bloomberg, Getty, Major, Target, Walmart, Kroger, Sam’s, US National Parks, United States Postal Service, UPS, FedEx, FedEx Express, Nasdaq, New York Stock Exchange Locations: New York, New Hampshire

☆ Pension-eligible workers face complex Social Security rules that may reduce benefits. How to more accurately estimate retirement income
▼ + stars: | 2023-12-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Richard Stephen | Istock | Getty ImagesWhen Joyce Debnam's husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. That life change prompted Debnam's Social Security benefits to be cut to just $174 a month. Moreover, the Social Security Administration notified her she had to return $5,000 in benefits she had been overpaid. Debnam is one of millions of workers who is affected by Social Security rules related to public workers and reductions in the benefits they are eligible to receive. "We recommend that people review their Social Security Statement at least once every year, which includes important information about WEP and GPO," a Social Security spokeswoman said in a statement.

Persons: Richard Stephen, Istock, Joyce Debnam's, Debnam, Mike Carey R, Mike Carey, Carey, Mark Warshawsky, Warshawsky Organizations: Social, United States Postal Service, Debnam's Social, Social Security Administration, Social Security, Congressional Research Service, GPO, Security, American Postal Workers Union, American Enterprise Institute Locations: Debnam, Suitland , Maryland, Ohio, Baton Rouge , Louisiana

☆ U.S. passport delays have eased — but aren’t yet back to normal
▼ + stars: | 2023-11-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Tooga | Digitalvision | Getty ImagesRecord passport demand fuels delaysJordan Siemens | Digitalvision | Getty ImagesPassport processing delays resulted from high demand for international travel as pandemic-era health fears and travel restrictions loosened. Before the pandemic, it took two to three weeks for expedited passports and six to eight weeks for routine passport processing, the State Department said. Passport demand generally fluctuates throughout the year. Andrea Comi | Moment | Getty ImagesA traditional passport — a passport book — costs $130. Expedited passport processing costs an extra $60.

Persons: It's, You've, Andrea Comi Organizations: Digitalvision, Getty, Siemens, State Department, Department, Travelers, United States Postal Service

☆ How a specialty vehicle manufacturer is electrifying firetrucks
▼ + stars: | 2023-11-28 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

Pierce has already delivered its Volterra electric firetruck to numerous fire departments across the country and has more on the way. Mail truck? Oshkosh makes them all, along with airport emergency vehicles, tow trucks, concrete mixers, truck-mounted cranes, military vehicles and others. The company makes an electric firetruck called the Volterra and is electrifying other vehicles in other departments. The postal truck is designed so that internal combustion versions can be retrofitted with battery electric technology.

Persons: Pierce Organizations: Oshkosh Corporation, The, Oshkosh, United States Postal Service Locations: North America, The Wisconsin, Oshkosh, Volterra

☆ 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

☆ What’s open and closed on Veterans Day 2023
▼ + stars: | 2023-11-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Veterans Day honors active and former US service members. However, since that day falls on a Saturday this year, some will observe the holiday on Friday, November 10. Here’s what will be open and closed on Veterans Day 2023 and the day on which some will observe it. On Friday, the day before Veterans Day, FedEx will operate as normal except for modified service for FedEx Express and FedEx Ground Economy. On Saturday, FedEx will close FedEx Ground, FedEx Ground Economy and FedEx Freight.

Persons: JPMorgan Chase, Wells, Justin Sullivan, Mario Anzuoni, Joe Raedle Organizations: New, New York CNN, Veterans, Banking Federal, Governors, Bank of America, Saturday, JPMorgan, Bank, Citibank, The New York Stock Exchange, Nasdaq, Veterans Day, FedEx, FedEx Express, Economy, FedEx Freight, United States Postal Service, Reuters Government, Miami - Dade Public Library, Getty, Target, Walmart, Kroger Locations: New York, Wells Fargo, San Bruno , California, ”, Miami, Miami , Florida

☆ What’s open and closed on Columbus Day and Indigenous Peoples’ Day
▼ + stars: | 2023-10-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Americans celebrate Indigenous Peoples’ Day and Columbus Day on the second Monday of October each year. Indigenous Peoples’ Day recognizes the contributions and legacy of those who lived here long before Christopher Columbus erroneously claimed to have discovered America. President Joe Biden formally recognized Indigenous Peoples’ Day in 2021 by signing a proclamation stating that federal policies “systematically sought to assimilate and displace Native people and eradicate Native cultures.”Some states officially celebrate Indigenous Peoples’ Day and others commemorate it through proclamations. More than 100 cities have replaced Columbus Day altogether with the holiday. Chase Bank and TD Bank will be open for Indigenous Peoples’ Day.

Persons: Christopher Columbus, Joe Biden, “ Organizations: New, New York CNN, Indigenous, Columbus, ’, Indigenous Peoples, Federal Reserve, Nasdaq, New York Stock Exchange, Banks, Bank of America, Citibank, Chase Bank, TD Bank, Mail, United States Postal Service, UPS, FedEx, FedEx Express, Target, Walmart, Kroger Locations: New York, America, Wells Fargo

☆ 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

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