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

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%

Cava's stock price increased dramatically since its IPO in 2023. The company has been growing quickly, helping to fuel investors' enthusiasm. The shares' valuation suggests that a lot needs to go right from here. Caava IPO'd in 2023 and the restaurant chain has room for expansion, but the stock is...

Is It Too Late to Buy Cava Stock?

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

Shares in fast casual restaurant Chipotle Mexican Grill jumped in extended trading Wednesday after the burrito maker reported second-quarter results that came in above Wall Street’s expectations. Following a correction of around 24%, Chipotle shares appear to have found support near a trendline linking prior price action and the...

Watch These Chipotle Price Levels as Stock Jumps After Strong Earnings Report

Chesterfield, MO

The US Sun

THE Cheesecake Factory has confirmed that its location in a mall will be permanently closed in just weeks. Along with the beloved American chain, all the other mall stores will shutter as the shopping center shuts down for good. The Cheesecake Factory in Chesterfield, Missouri - around 25 miles from...

The Cheesecake Factory confirms mall location is closing in weeks as all stores are warned to leave ahead of demolition

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

Auto parts recycler LKQ Corp., Chicago, has reported second-quarter financial results for the year. Despite an 8 percent increase in year-over-year revenue to $3.7 billion for the quarter, the company has revised its outlook downward for the remainder of the year. “Our second quarter performance did not meet expectations as...

LKQ updates guidance after disappointing Q2

Earlier this year, diners and social media users began to complain about portion sizes at Chipotle restaurants. On Wednesday, executives at Chipotle said there was never a "directive" to make portions smaller and that the company is working to address quantity issues at some restaurants. Those efforts will hit Chipotle's...

Here's What Chipotle Says It's Doing About Those Portion-Size Complaints

Reuters

(Reuters) - United Parcel Service lowered its 2024 operating margin target on Tuesday, after new e-commerce customers - identified by industry experts and shoppers as Shein and Temu - flooded its network with slower, lower-profit shipments.

Cheap deliveries swamp UPS earnings, sending shares reeling

U.S. stocks took a significant hit on Thursday, reversing early gains as investors continued to move away from high-priced megacap growth stocks. This shift comes amid the ongoing second-quarter earnings season, which has added to market volatility. All three major U.S. stock indexes ended the day with losses, with the blue-chip Dow Jones Industrial Average experiencing the steepest decline, halting its streak of consecutive record closing highs.

U.S. Stocks Plummet as Investors Rotate Away from Megacap Growth Stocks

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 stock dropped over 13% to $125, marking its worst day on record. Suggested Reading. The company’s profits dropped by over 30% to $1.94...

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

Shares of Dexcom tumbled in extended trading Thursday after the company reported second-quarter earnings that missed estimates and slashed its full-year revenue guidance. The maker of glucose monitors said it now expects organic revenue growth of 11% to 13%, down from its projection in April of 17% to 21%. The...

Dexcom Stock Plummets on Earnings Miss, Guidance Cut

Southwest Airlines is abandoning its longtime policy of open seating, announcing plans Thursday "to assign seats and offer premium seating options" amid a push to "increase revenue opportunities." The airline also said it will start operating overnight flights starting in February 2025. Southwest has been under pressure in recent months...

Southwest Airlines To Introduce Assigned Seating, Overnight Flights

General Motors on Tuesday disclosed a surprising loss in China when reporting its second-quarter earnings. GM also took a more than $600 million charge for its struggling Cruise autonomous vehicle unit. The China and Cruise charge news were in opposition to higher GM revenue and profit for the period that...

General Motors Posts China Loss, Takes $600 Million Charge for Its Cruise Unit

The Motley Fool

These three stocks can help supplement your monthly income.

3 Stocks That Cut You a Check Each Month

UPS delivered investors a mixed bag in Q2, reporting volume growth but shrinking revenue. It was “a significant turning point” for UPS, the “first time in nine quarters” the package delivery giant saw improved volumes in the US, CEO Carol Tomé said during an earnings call this week. The not-so-good news was that consolidated revenues declined 1.1% YoY to $21.8 billion and operating profit decreased 30.1% to $1.9 billion compared to Q2 2023.

UPS finally sees volume growth, but operating profit plummets

Advanced Micro Devices reports second-quarter earnings after the bell Tuesday. Analysts expect revenue and earnings to rise from the year-ago period. The chipmaker will report data center revenue, with analysts expecting a fresh record high for the quarter. The company will also provide guidance for the third quarter and could...

What You Need To Know Ahead of AMD's Earnings Report

After helping propel durable goods orders higher over the past several months, aircraft orders declined significantly in June, bringing the broader measure of business investment down with it. Census Bureau data showed durable goods orders declined 6.6% in June from the prior month, reversing a four-month streak of gains powered...

How Aircraft Orders Are Keeping the Economy From Gliding

On Tuesday, Evercore ISI adjusted its financial outlook for United Parcel Service (NYSE:UPS), reducing the price target to $138 from $145 while maintaining an In Line rating for the company's stock. This adjustment comes in the wake of UPS's second-quarter earnings for 2024, which fell short of expectations. The logistics giant reported an adjusted earnings per share (EPS) of $1.79, which was below Evercore ISI's prediction of $1.94 and the consensus estimate of $1.99. The company's performance was affected by a challenging mix of products that pressured yields and margins.

Evercore cuts UPS price target to $138 from $145

NewsBreak

Watch These UPS Stock Price Levels Following Earnings-Driven Plunge

United Parcel Service shares dropped more than 12% on Tuesday after the shipping giant posted a steep decline in second-quarter profit and trimmed its outlook, as...

Watch These UPS Stock Price Levels Following Earnings-Driven Plunge

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