Former US President and current candidate Donald Trump made it clear that American manufacturing is a priority for his platform. He just threatened to slap Deere & Co. (DE) with a 200% tariff should they go through with their plans to move manufacturing to Mexico - provided he wins the election, of course. Deere [...]
Hertz Global Holdings Inc. (HTZ) fell more than 7% yesterday after announcing that two key executives - who spent as little as 6 months with the company - were resigning. This follows the resignation of its CEO just a few months back after the car rental company struggled to gain footing in its new [...]
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 [...]
Shares of Deere & Co (DE) are trading more than 6% lower Wednesday morning after the company reported fiscal 4th quarter results accompanied by a weak full-year outlook for 2024. The manufacturer of agricultural, construction, and turf equipment did perform well to finish off fiscal 2023, though. Sales may have fallen nearly 1% but [...]
The airline industry as a whole is being hit right now with a drop in travel demand and rising costs. One of the major players, Southwest (LUV), is feeling these effects and issued a warning about how they will affect operating costs and profitability. The airline company said that it’s seen a drop in [...]
It’s been a rough year for General Electric, as the company is down over 25% in the past year. The high-tech industrial firm operates in a wide array of sectors and is well diversified - and yet, they’ve struggled even in the bigger picture. In the past 5 years, GE is down a whopping 60%. [...]
