UPS Climbs Most Since 2022 as Cost Cuts Spur UBS Upgrade
United Parcel Service Inc. rose the most in more than a year after UBS Group AG upgraded the courier to buy, predicting the company will continue to rein in…
Source: biztoc.com
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Snap Reports Disappointing Revenue During Ad Slump; Shares Plunge
Snap Inc. shares plunged more than 30% after the parent company of the Snapchat app reported disappointing revenue in the holiday quarter as it continues to…
Source: biztoc.com
ByteDance's China Chief Resigns After CEO Seeks Greater Urgency
The head of ByteDance Ltd.’s China operations is stepping down, a week after Chief Executive Officer Liang Rubo said the company needed to avoid complacency…
Source: biztoc.com
Ford Reveals Plans for Small, Cheap EVs After Earnings Beat
Ford Motor Co. is working on inexpensive, small electric vehicles to stem its electric vehicle losses and take on Tesla Inc. and Chinese automakers. • None…
Source: biztoc.com
Hertz Misses Estimates on EV Fleet Rethink, Plans Cost Cuts
Hertz Global Holdings Inc. is looking to cut costs after it missed analysts’ fourth-quarter estimates as it sold down its fleet of Tesla Inc. electric…
Source: biztoc.com