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UPS to reduce workforce by 30,000 jobs, close 24 facilities in 2026
UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as revenue falls and the company accelerates automation.
Amazon to close Fresh, Go stores, expand Whole Foods
Amazon will close Amazon Fresh and Go stores, convert some to Whole Foods, and accelerate grocery delivery expansion.
Northrop Grumman posts higher quarterly profit as geopolitical uncertainty fuels demand
Northrop Grumman posted higher Q4 profit and revenue on strong aeronautics sales but issued a 2026 outlook below estimates.
One-time EV adjustments drag GM to net earnings loss for Q4 2025
General Motors reported a net loss in its fourth quarter 2025 earnings report as the automaker wrote off substantial costs from unused electric vehicle manufacturing equipment and China restructuring costs. The Detroit automaker on Tuesday, Jan. 27, reported earnings for the period ending Dec. 31, 2025, and released its full-yea[...]
Planemaker Boeing swings to quarterly profit on sale, but unit losses disappoint
Boeing posted a fourth-quarter profit driven by the Jeppesen sale and higher jet output, though core unit losses widened.
Tariffs linger over earnings, even as companies get used to them
Early earnings comments show U.S. companies struggling to offset tariffs as consumers push back against higher prices.
Oil prices settle lower as traders assess impact of winter storm on production
Oil prices edged lower as investors assessed U.S. winter storm production losses and rising geopolitical tensions between the U.S. and Iran.
US pending home sales plunge to five-month low in December
Contracts to buy existing U.S. homes fell sharply in December as labor worries and tight inventory offset lower mortgage rates.
Intel shares tumble as supply chain snarls hamper turnaround
Intel shares fell sharply after the chipmaker warned supply constraints would limit its ability to meet AI-driven demand.
Citigroup to lay off more employees in March, sources say
Citigroup is expected to announce more layoffs in March as CEO Jane Fraser presses ahead with cost cuts and restructuring.
Amazon plans thousands more corporate job cuts next week
Amazon plans another round of corporate job cuts next week as it moves toward eliminating about 30,000 roles companywide.
Trump sues JPMorgan, CEO Jamie Dimon for $5 billion over alleged political debanking
Trump filed a $5 billion lawsuit accusing JPMorgan Chase and CEO Jamie Dimon of debanking him for political reasons.
