Thursday, December 26

Tag: UPS

These Are Some of the Stocks Leading the Market’s Year-End Rally
25Nov By adminNo Comments
World

These Are Some of the Stocks Leading the Market’s Year-End Rally

Updated Nov. 24, 2023 2:06 pm ETListen to article(1 minute)Big tech stocks led much of this year’s rally. Now the rest of the market is rushing in.Several beaten-down corners of the stock market are rebounding to help drive a surge that has lifted the S&P 500 by 3.3% since mid-November and 19% for the year. Among the biggest gainers: sectors that had been bruised by higher interest rates and recession fears. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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These Are Some of the Stocks Leading the Market’s Year-End Rally
24Nov By adminNo Comments
Money

These Are Some of the Stocks Leading the Market’s Year-End Rally

Updated Nov. 24, 2023 2:06 pm ETListen to article(1 minute)Big tech stocks led much of this year’s rally. Now the rest of the market is rushing in.Several beaten-down corners of the stock market are rebounding to help drive a surge that has lifted the S&P 500 by 3.3% since mid-November and 19% for the year. Among the biggest gainers: sectors that had been bruised by higher interest rates and recession fears. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G
15Nov By adminNo Comments
Money

Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G

Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the third quarter.The company also sold off smaller positions in Procter & Gamble, Mondelez International and United Parcel Service, while trimming its investments in Amazon.com, Chevron and HP, among others.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Are banks open today or on Veterans Day? Is the post office closed? Here’s what to know.
11Nov By adminNo Comments
Money

Are banks open today or on Veterans Day? Is the post office closed? Here’s what to know.

Art helps female Afghan army veterans heal U.S. military veterans use art to help displaced female Afghan army veterans 04:22 With Veterans Day falling on a Saturday this year, some banks won't be open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military. Post offices will be closed for the holiday, but stock markets will operate normally.Are banks open today or...
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Tech Selloff Intensifies, Pulling Down Nasdaq
26Oct By adminNo Comments
Money

Tech Selloff Intensifies, Pulling Down Nasdaq

A pullback in megacap technology stocks deepened Thursday, dragging the Nasdaq Composite into its worst two-day decline of the year. The tech-heavy index dropped 1.8%, while the S&P 500 shed 1.2%. The Dow Jones Industrial Average declined around 250 points, or 0.8%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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UPS driver dies days after working in searing Texas heat
4Sep By adminNo Comments
Money

UPS driver dies days after working in searing Texas heat

A Texas UPS driver fell ill while working during a scorching heat wave and later died.According to a statement from UPS, Christopher Begley, 57, died this week shortly after becoming sick earlier this month while on his route in North Texas, where the high temperature at the time topped 100 degrees. The exact cause of death has yet to be determined, and authorities are investigating,"We train our people to recognize the symptoms of heat stress, and we respond immediately to any request for help," the delivery giant told CBS MoneyWatch. "We are cooperating with the authorities as they continue to investigate the cause of death." The death comes roughly a month after UPS struck an agreement with the Teamsters Union that would require the...
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Teamsters Approve UPS Contract, Ending Strike Threat
23Aug By adminNo Comments
Business

Teamsters Approve UPS Contract, Ending Strike Threat

Members of the International Brotherhood of Teamsters voted overwhelmingly to ratify a new contract with UPS, precluding a strike and ending one of the biggest labor showdowns of the year.The union said 86.3% of UPS workers who voted were in favor of the new 5-year deal reached late last month addressing wage increases, safety measures and other issues. The collective bargaining agreement ― the largest of its kind in the U.S. private sector ― covers roughly 340,000 UPS employees and helps set standards in the broader logistics industry.Teamsters said in a statement that the approval rating was the highest ever for a UPS contract in a ratification vote.“This contract will improve the lives of hundreds of thousands of workers,” said Sean O’Brien, the union’s president. “Teamsters have set a...
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UPS says drivers to make $170,000 in pay and benefits following union deal
11Aug By adminNo Comments
Money

UPS says drivers to make $170,000 in pay and benefits following union deal

UPS drivers will earn an average of $170,000 in annual pay and benefits at the end of a five-year contract agreement, UPS CEO Carol Tomé said during an earnings call this week.The executive's comments punctuated the end of a weekslong struggle between UPS and the Teamsters Union which negotiated with the carrier last month to avert a strike and secure a new contract for 340,000 union employees. "We expected negotiations with the Teamsters to be late and loud, and they were," Tomé said during the call. As a result, UPS slashed its full-year revenue forecasts "primarily to reflect the volume impact from labor negotiations and the costs associated with the tentative agreement," she added. The deal, which was reached on July 25, will increase full-time work...
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