Columbus, OH

UPS shares tumbled Tuesday after the shipping giant reported second-quarter profits plunged over 30% from a year ago and missed analysts' estimates. The company, and its shipping rival FedEx, have seen demand fall amid a pullback from pandemic highs for package deliveries. UPS also narrowed its revenue outlook and lowered...

UPS Stock Dives as Profits Drop Over 30%

UPS customers are trading down, another signal from the second-quarter earnings season about the search for value options across the U.S. economy. CFO Brian Dykes said on a conference call that UPS "saw customers shift from air to ground and from ground to SurePost." A range of companies have highlighted...

UPS Customers Are Trading Down

United Parcel Service is coming off a tough quarter and its share price may look more expensive than it actually is. Nike expects a drop in sales for the current fiscal year, and that has led to a sharp sell-off in its stock price. Temporary market conditions are weighing on...

These Blue Chip Stocks Haven't Been This Cheap in 3 Years

[Stay on top of transportation news: Get TTNews in your inbox.]. UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge. Shares dropped more than 7% before...

UPS Boosts Volume in US for First Time Since 2022

United Parcel Service on Tuesday reported profit and revenue for the second quarter that came in below expectations. It also cut its 2024 revenue guidance to approximately $93 billion, revised from a previous forecast for as much as $94.5 billion. Weak freight demand and soft pricing in the shipping sector...

UPS shares fall 12%, post worst day on record after earnings miss and guidance cut

Red Lobster is finally getting a new owner. The world’s largest seafood chain is likely going to be acquired by Fortress Investment Group. Despite Red Lobster being bankrupt and looking for better offers, it did not receive any other competitive bids before the court’s deadline, according to a court filing made on Monday.

Red Lobster finally has a new owner

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

The Motley Fool

Union Pacific as a solid passive income play to consider now.

Coca-Cola Is a Rock-Solid Dividend King, but So Is This Dirt-Cheap Value Stock That Paid $3 Billion in Dividends Over the Past Year

Shares of Ryanair Holdings plc were losing more than 14 percent in the pre-market activity on the Nasdaq after the European airline reported Monday sharply lower first-quarter profit, hit by higher operating costs and weaker than expected air fares. Traffic grew from last year despite multiple Boeing delivery delays, but load factor declined.

Ryanair Stock Dips On Weak Q1 Profit, Q2 Fares Warning

With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. Suggested Reading. In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit...

Banks are bracing for consumers to stop paying off their credit cards

A South Korean billionaire and tech mogul was arrested Tuesday for allegedly manipulating the stock price of a major K-pop agency during a deal last year. Kim Beom-su, who founded the technology company Kakao, has not been formally charged, the New York Times reported. The Seoul Southern District Court issued an arrest warrant for him to be brought into custody, with prosecutors fearing he might leave the country or bury evidence.

A South Korean billionaire was arrested in an alleged K-pop stock manipulation scheme

The co-founder of MoviePass is moving on from the company’s spectacular crash and raising money for a new venture studio that will help develop and fund startups. Hamet Watt, who confounded MoviePass in 2011 with the idea that moviegoers should be able to pay a monthly fee for unlimited access to theaters, told Business Insider he has been hard at work at Share Ventures.

MoviePass cofounder raises $20 million for new venture

Weight loss drugs and non-alcoholic options have consumers holding off on buying sodas — at least in the U.S. But even so, Coca-Cola posted robust second-quarter earnings on Tuesday, driven in part by strong global demand for its pop offerings, prompting the beverage giant to raise its full-year guidance.

Coca-Cola is losing steam in America

There’s a lot of money to be made in the business of sleep. Take sunrise alarm clocks, fancy mattresses, REM-tracking wearables, and monthly deliveries of melatonin. But should we really be investing this much in hopes of catching a few more Z’s?. In the final episode of season...

Sleep: The dreamiest new industry

Amazon, Walmart, and IBM could outperform many of the other Dow stocks.

These 3 Dow Stocks Are Set to Soar in 2024 and Beyond

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

In the face of mounting customer dissatisfaction and declining park attendance, Walt Disney World has quietly been discounting the cost of admission and hotel stays over the past several months. Suggested Reading. In May, Disney began offering discounted three-day ticket packages that would allow customers to visit Hollywood Studios, EPCOT...

Disney World wants you back. The theme park is slashing prices to increase attendance

Devra Lee

Disclaimer: This content was written by Devra Lee for general informational and entertainment purposes only. This service is to provide astrological information that has been researched, recorded, and observed by the author.

Horoscope for Tuesday, July 23rd

Samsung employees striking for better working conditions and higher pay held a massive rally in South Korea on Monday — as their action against the company continues into its third week. Suggested Reading. About 1,200 workers from the National Samsung Electronics Union (NSEU) held a rally and marched along...

Samsung workers rally as strike continues

Apple knows it is spending too much on TV shows and movies you have probably never seen — let alone heard of. Wiz backing out of the Google deal could have big implications for Microsoft, analyst says. The company is exploring a new approach to Apple TV+ after dishing...

Apple wants to stop spending so much money making TV shows

NewsBreak

UPS stock is having its worst day ever after profits plummeted 30%

Shares of United Parcel Service (UPS) declined sharply on Tuesday after the shipping giant reported second-quarter earnings that were below analysts’ expectations. In the afternoon, UPS...

UPS stock is having its worst day ever after profits plummeted 30%

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