United Parcel Service (UPS) shares plunged 14% on Thursday after the company announced plans to reduce its business with Amazon by more than 50% by June 2026.

Shares of United Parcel Service (UPS) dropped 15% on Thursday, marking its worst day ever, after the company announced a significant reduction in its business with Amazon (AMZN), its largest customer.

Discover how USPS privatization could reshape mail delivery, from rising costs and slower service to Amazon's evolving role in rural logistics.

The e-commerce giant has extended its reach into smaller markets and rural areas, a move that has significant economic implications for rural carriers and raises serious questions about the future of the United States Postal Service.

Tony Aquila, chairman and CEO, expressed deep disappointment over the Canoo closure after failing to gather sufficient capital.

EV startups are dying left and right, with Canoo the latest to file for bankruptcy after struggling to stay afloat in harsh economic conditions

The Centers for Medicare & Medicaid Services announced 15 new drugs it wants to lower the cost for, including popular, but expensive weight-loss drugs.

Meta Platforms Inc. posted sharply higher profit and revenue for its fourth quarter on Wednesday, thanks to higher ad revenue on its social media properties, sending its

U.S. stocks ended lower but off their lows of the day on Wednesday as the Federal Reserve held interest rates steady as expected and Fed Chair Jerome Powell offered soothing comments on the economy.

Monday’s bloodbath in Nvidia and other AI stocks wiped out some $1 trillion from the stock market’s value.

The Trump administration is offering buyouts to federal workers. Read the memo the Office of Personnel Management posted for employees.

Exchange Traded Concepts LLC lessened its holdings in Postal Realty Trust, Inc. (NYSE:PSTL – Free Report) by 15.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).