UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares plunged.
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UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.
Shares of United Parcel Service suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with Amazon.com Inc., its largest ...
Amazon beat Wall Street’s expectations for the fourth quarter, driven by strong cloud growth, AI investments, and a robust holiday shopping season. However, the company issued a gloomy outlook for the ...
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