Money
UPS shares dive, is eCommerce slowing down?
United Parcel Service shares have plunged to a three-month low
The parcel delivery company has again seen its stock plummet with worries that growth from the pandemic-fueled e-commerce boom may be fading.
The company stated that second-quarter domestic volume fell 2.9%, with ground – composed largely of e-commerce deliveries – dropping 4% compared to the year earlier.
The stock was down 9.3% at $190.32 in midday trading, its lowest price since late April.
UPS has seen the benefits of the pandemic shift to online shopping.
Like rival FedEx, it responded to the boom for in-home delivery demand by adding profit-boosting surcharges.
The share price decline came despite second-quarter profit and revenue that topped Wall Street estimates.
“Investors are likely reading this as an indication the pandemic-driven demand trend is slowing,”
Cowen Research analyst Helane Becker said in a client note.
Executives of UPS have confirmed that domestic package volume could be under pressure in the second half of the year as some shoppers return to in-store shopping.
Since Carol Tomé became CEO in June 2020, UPS has been reining in costs and focusing on high-margin packages under her “better, not bigger” strategy.
During the second quarter, UPS reported growth in lucrative air and healthcare shipments
UPS is reserving planes and other equipment needed for the expected surge.
Money
US dollar strength hits NZ dollar amid FX market shifts
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.
Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.
We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Money
Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.
Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.
Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Money
Australia jobs, market trends, and tariff ruling: What investors need to know
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.
Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.
Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.
#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews
-
Tech1 day agoSam Altman predicts superintelligence could appear by 2028
-
News2 days ago
Ukraine Russia peace talks stall with no breakthrough
-
News1 day ago
Andrew Mountbatten-Windsor released after 12-hour questioning
-
Tech2 days ago
Zuckerberg testifies on social media addiction and child safety
-
Ticker Views5 days ago
Trump scraps key climate law, U.S. emissions regulation at risk
-
Money3 days ago
Australian Dollar surges: What $0.70 means for markets
-
Money4 days ago
Big tech stocks slide amid AI spending concerns
-
Ticker Views3 days ago
Can diplomacy survive the Iran-US nuclear standoff?
