Investors are displeased, but the strategy of moving away from lower-margin deliveries makes sense in the long run.

It is not clear how many employees have been laid off but reports suggest that dozens of roles have been eliminated.

MicroStrategy Inc.’s Michael Saylor may soon have almost as many common shares at his disposal to help fund the company’s Bitcoin buying spree as market behemoths Amazon.com Inc. and Alphabet Inc. have outstanding.

Amazon has paused testing of its delivery drones following a crash involving two of those drones, according to Bloomberg.

French-speaking Canadian province of Quebec.“Following a recent review of our Quebec operations, we’ve seen that returning to a third-party delivery model supported by local small businesses, similar to what we had until 2020,

United Parcel Service Inc. shares plunged after the company projected annual revenue well below expectations, telling investors that a long-awaited rebound in demand for its parcel services won’t arrive this year and prompting it to slash its low-margin business with Amazon.

A majority of workers at a Whole Foods Market in Philadelphia voted in favor of joining the United Food and Commercial Workers International union, presenting a new foothold for organized labor within parent-company Amazon.

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For the quarter, Intel reported earnings per share (EPS) of $0.13 on revenue of $14.3 billion. Analysts were anticipating EPS of $0.12 on revenue of $13.8 billion. The company saw EPS of $0.54 and $15.4 billion in revenue in the same quarter last year.

For 2025, UPS expects sales of about $89 billion and operating profit of about $9.6 billion. Wall Street was looking for sales of $94.9 bi

Cathie Wood, chief of Ark Investment Management, believes in tech stocks that will have a disruptive impact. She isn’t afraid to buy them on the way down — or up. Sometimes her strategy works: The flagship Ark Innovation ETF (ARKK) has returned 9% this year as of Jan.