The United Parcel Service Inc. (UPS) delivered its first quarter earnings yesterday in which the top line fell short of expectations despite beating the bottom line consensus. The stock had been rallying leading into the news but has fallen around 3% so far today. Revenue fell to $21.71 billion, representing a 5.3% drop year [...]
United Parcel Service, or UPS (UPS), will officially replace FedEx as the United States Postal Service’s primary air cargo provider. This comes after FedEx and USPS failed to agree on new contract terms, which were set to expire later this year on September 29th. FedEx wanted to negotiate a better deal, and ultimately, ended [...]
THE MARKET IN REVIEW Rising Coronavirus cases spooked investors in the first trading session of the week and the TSX finished in negative territory. However, rallying gold shares helped the TSX reverse course and close to the upside Tuesday. Technology shares provided support mid-week and Canadian stocks closed higher again. The upward drive continued [...]
