The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
UPS shares dove 14% Thursday to $114.90, after the company offered weaker-than-expected financial guidance for 2025.
Morgan Brennan interviews UPS CEO Carol Tomé on the company's strategic shift, reducing its reliance on Amazon while prioritizing profitability and high-growth sectors. They discuss UPS's focus on small and medium-sized businesses (SMBs), healthcare logistics, and international trade, alongside a $1 billion cost-saving initiative.
Major U.S. equities indexes moved higher as a report from the Bureau of Economic Analysis showed consumers continued to spend, despite the slight deceleration in gross domestic product (GDP) growth.
UPS is slashing the amount of Amazon packages it delivers by 50%. Transcript: Conway Gittens: One day after the Federal Reserve held interest rates steady, data released on Thursday shows the economy ended the year without any sign of recession.
Carol Tomé, UPS CEO, joins CNBC's 'The Exchange' with Morgan Brennan to discuss the company's most recent earnings, why UPS is cutting back on Amazon deliveries, and more.
In 2024, UPS achieved significant milestones in its digital transformation and operational efficiency efforts, driven by the evolution of its Digital Access Program (DAP) and use of RFID tagging technology, both of which have played a crucial role in the company's progress.
UPS (UPS) stock plunges after the company reported earnings and provided a weak 2025 forecast as it cuts deliveries from its largest customer, believed to be Amazon (AMZN). UPS CFO Brian Dykes joins Catalysts with Seana Smith and Josh Schafer to discuss the shift and what it means for the company and its collaboration with Amazon.
United Parcel Service (UPS -13.98%) beat expectations for the fourth quarter, but the company's forecast for 2025 was well short of expectations, in part because of a high-profile break with partner Amazon (AMZN -0.76%).
United Parcel Service Inc (NYSE:UPS) shares slumped more than 16% after the parcel delivery service's 2025 revenue guidance disappointed investors. The company guided revenue of $89 billion, below the Street consensus of $94.9 billion.
U.S. Domestic Package revenues increase 2.2% year over year at United Parcel in the fourth quarter.
United Parcel Service, Inc. (UPS) Q4 2024 Earnings Call Transcript