The Los Angeles Post
U.S. World Business Lifestyle
Today: April 12, 2025
Today: April 12, 2025
Ananta Agarwal

Ananta Agarwal

Staff Writer

Latest From Ananta Agarwal

Business|Economy|Finance|US

US steelmakers set for strong start to 2024 as UAW strike fuels price gains

U.S. steelmakers are on course to post higher profits in the first quarter of 2024 as prices spike from a scramble by buyers to restock following a brief

US steelmakers set for strong start to 2024 as UAW strike fuels price gains
Business|Economy|Finance

Apartment REITs see silver lining as high mortgage rates force tenants to stay put

Real estate investment trusts (REITs) that own and manage apartments are expected to see a bump in their revenue from a rise in renewed leases and rental deals as fewer

Apartment REITs see silver lining as high mortgage rates force tenants to stay put
Business|Finance|Stock Markets

FedEx eyes fiscal 2025 profit just above Wall St target, shares soar

FedEx on Tuesday forecast fiscal 2025 profit above analysts' estimates, and shares in the delivery giant soared as executives said slashing expenses

FedEx eyes fiscal 2025 profit just above Wall St target, shares soar
Business|Finance|Stock Markets|US

FedEx stock leaps on upbeat profit target, possible freight unit sale

FedEx shares jumped as much as 15% on Wednesday after the delivery giant reassured investors with a bullish annual profit forecast and

FedEx stock leaps on upbeat profit target, possible freight unit sale
Business|Finance|Stock Markets|Technology

GM cuts EV production forecast, approves $6 billion share buyback

General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker banks on

GM cuts EV production forecast, approves $6 billion share buyback
Business|Economy|Europe

FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand

FedEx is planning to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest push to cut costs as the parcel delivery giant combats a slump in freight demand

FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand
Business|Economy|Finance|Stock Markets

Cheap deliveries swamp UPS earnings, sending shares reeling

United Parcel Service lowered its 2024 operating margin target on Tuesday, after new e-commerce customers - identified by industry

Cheap deliveries swamp UPS earnings, sending shares reeling
Business|Economy|News|US

Union Pacific warns of 'devastating consequences' from Canada rail strike

U.S. railroad operator Union Pacific has warned that a potential rail strike in Canada will have "devastating consequences" on the North American economy.

Union Pacific warns of 'devastating consequences' from Canada rail strike
Business|Economy|Finance|US

FedEx quarterly profit disappoints as demand for speedy delivery wanes

FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from

FedEx quarterly profit disappoints as demand for speedy delivery wanes
Business|Finance|Stock Markets|US

UPS seen grappling with hit from cheap deliveries ahead of key holiday season

Wall Street expects United Parcel Service to report a rise in adjusted quarterly profit on Thursday, even as concern mounts over stubbornly soft demand

UPS seen grappling with hit from cheap deliveries ahead of key holiday season

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