Peloton stock plummeted by 25% immediately after reporting its latest quarterly operating results.Peloton Interactive (PTON 1.48%) was one of the best-performing stocks at the height of the pandemic. It soared to a record high of $163 by the end of 2020, which represented a whopping 463% gain from its initial public offering (IPO) price of $29 from just one year earlier.Peloton's digitized at-home exercise equipment was in high demand when consumers were hit with lockdowns and social restrictions to reduce ...

UK-based Ocado is considering cutting as many as 1,000 roles as part of a renewed drive to curb costs after a challenging year for its automated warehouse division, reported The Times. The potential cuts would amount to approximately 5% of the company’s worldwide headcount. Discussions are said to be at an early stage, and no final decision has been made. A source cited in the report said the company could make an announcement as soon as this month. Most of the affected positions would be based at Oca ...

Ocado layoffs: British supermarket technology firm Ocado Group Plc is looking to cut up to 1,000 employee jobs as the grocery technology firm renews efforts to cut costs, reported the news portal The Sunday Times, citing people aware of the development on Sunday, 8 February 2026. According to the agency report, Ocado's job-cut move to lay off up to 1,000 jobs marks nearly 5% of the company's global headcount, but the talks of the same are still in the early stages and a final decision is yet to be decided. ...

By Prakhar Srivastava Feb 5 (Reuters) - Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, said on Thursday it plans to ​cut up to 200 jobs globally and focus operations in the ‌U.S. and Singapore, as part of a broader cost-cutting effort. The planned layoffs, which involve about a quarter ‌of its workforce, will affect staff in Europe, the U.S. and Singapore, the company said. The year has opened with widespread layoffs across U.S. companies as they trim costs ...

But I think the broad takeaway for investors from today is that PepsiCo is committed to bringing better focus to this company. You know, I've covered this company a long time and its primary competitors, Coca-Cola, Keurig, Dr. . Pepper, it's a primo water monster.How they differ from PepsiCo is so much more focused on specific categories. But PepsiCo, with the urging of the activist, urging them on, is bringing more focus to this company. And what I mean is they're rationalizing a lot of the SKUs that reall ...

To live comfortably in New York City, people need to bring in at least $185,000 per year. But one 26-year-old Brooklyn bookstore manager shows it's possible to live in the Big Apple on less than half the recommended annual income. In a recent interview with CNBC, Eileen Tyrrell talked about how she’s surviving on just $53,000 per year (1). According to her, the three keys to success that keep her afloat include minimal debt, modest rent and next-to-none discretionary spending. Must Read In a breakdown ...

Core Viewpoint - Berkshire Hathaway's new CEO Greg Abel has initiated the sale of its nearly 28% stake in Kraft Heinz, which amounts to approximately 325 million shares, following a poor performance of KHC shares in 2025 and a decline of over 3% at the start of the year [1] Company Performance - Kraft Heinz has consistently met earnings expectations since Q4 2018, but profitability remains a concern as evidenced by a significant loss of over $7.8 billion in Q2 2025, primarily due to a $9.3 billion non-cash impairment charge and declining sales driven by inflation [2][3] - The company is burdened with over $19 billion in long-term debt as of Q3 2025, which is significantly higher than its cash position of $2.1 billion, indicating financial strain [4] Market Conditions - A weak labor market and shifting consumer preferences have led consumers to favor private-label products over brand names, impacting Kraft Heinz's sales [5] Strategic Changes - Kraft Heinz plans to split into two independent companies by the second half of 2026, focusing on different product lines: Global Taste Elevation Co. for sauces and condiments, and North American Grocery Co. for meals and snacks [6] - The split has faced criticism, including from Warren Buffett, due to the lack of a shareholder vote on the decision [7] Financial Health - Kraft Heinz is expected to report revenue contraction for the ninth consecutive quarter, contributing to a negative net margin of 17.35%, indicating that expenses exceed earnings [8] - The company's dividend payout ratio is nearly -43%, suggesting insufficient earnings to cover dividend payments, which may lead to future cuts despite an attractive yield of 6.59% [9] Analyst Sentiment - Analyst sentiment towards Kraft Heinz is generally negative, with only one out of 23 analysts rating it a Buy, while 17 rate it a Hold and five rate it a Sell, resulting in a consensus Reduce rating [10] - The average 12-month price target for Kraft Heinz shares is $26.16, indicating a potential upside of just over 11% from current levels, with the company ranking 73rd out of 149 in the consumer staples sector [11] Ownership and Short Interest - Institutional ownership remains strong at over 78%, but this is expected to decline following Berkshire Hathaway's sale of its shares [12] - Current short interest stands at 4.37%, indicating that bearish sentiment exists among investors anticipating further downside [12]

Group 1 - Amazon has communicated a new round of global job cuts, initially sent in error to employees at Amazon Web Services (AWS) [1][2] - The layoffs are referred to as "Project Dawn" and are part of Amazon's strategy to position AWS for future success [2] - In October, Amazon announced it would cut 14,000 corporate roles, with reports of a second round of layoffs circulating but not confirmed by the company [3][4] Group 2 - Amazon is attempting to reverse a pandemic hiring spree to reduce costs, with approximately 1.5 million employees worldwide [4] - The latest layoffs are expected to impact the cloud computing and retail divisions, as Amazon's CEO has indicated that AI could replace some white-collar jobs in the coming years [4] - Concurrently, UPS announced it would cut up to 30,000 jobs this year, focusing on higher-margin shipments and reducing low-value deliveries for Amazon [5]

Core Viewpoint - United Parcel Service (UPS) announced approximately 30,000 job cuts in 2023 as part of a cost-cutting strategy and the winding down of its partnership with Amazon, following significant job reductions in the previous year [1][4][5]. Group 1: Job Cuts and Operational Changes - UPS plans to reduce operational hours by about 25 million as it decreases its reliance on Amazon [1]. - The job cuts will be achieved through attrition and a second voluntary separation program for full-time drivers [4]. - The company previously cut 48,000 jobs in 2022, including 34,000 operational roles and 14,000 in management [4]. Group 2: Strategic Shift and Financial Outlook - The announcement of job cuts was unexpected, as UPS had initially projected a total of 20,000 layoffs by 2025 [5]. - CEO Carol Tomé, who has been under pressure from investors due to the company's underperformance, is leading a multiyear turnaround plan [5]. - UPS anticipates $3 billion in total savings from ending its business with Amazon [9]. Group 3: Future Plans and Performance - UPS has identified 24 buildings for closure in the first half of 2026, with potential for more closures later this year [4]. - The company aims to enhance automation across its network as part of its operational strategy [4]. - Following the job cuts and the release of fourth-quarter earnings that exceeded Wall Street expectations, UPS shares rose by 3% [9].

Industry Overview - The Zacks Transportation-Air Freight and Cargo industry is facing ongoing supply-chain disruptions and a challenging macroeconomic environment characterized by high inflation and interest rates, leading to a decline in package volumes [1][6] - Companies in this industry provide air delivery and freight services, with many offering specialized transportation and logistics solutions, directly correlating their performance with the overall health of the economy [3] Key Trends - Despite challenges, there are growth opportunities for companies focusing on operational efficiency and cost-cutting measures, with firms like UPS, FedEx, and GXO Logistics capitalizing on these trends [2] - The industry is prioritizing shareholder returns, with companies increasing dividends and buybacks to enhance shareholder value; FedEx announced a 5.1% increase in its quarterly dividend for 2025 [4] - Cost-cutting initiatives are crucial as the industry faces elevated inflation levels, particularly in labor, freight, and fuel costs; FedEx reported better-than-expected results in Q2 of fiscal 2026 due to these efforts [5] Demand and E-commerce - A slowdown in shipping demand, especially in Asia and Europe, is a significant concern, with geopolitical uncertainty and high inflation negatively impacting consumer sentiment [6] - E-commerce continues to be a strong growth driver, supported by the convenience of online shopping and the ongoing digital transformation, despite a slowdown from pandemic peak levels [7] Industry Performance and Valuation - The Zacks Air Freight and Cargo industry holds a Zacks Industry Rank of 97, placing it in the top 40% of 244 Zacks industries, indicating positive near-term prospects [8] - The industry's earnings estimate for 2026 has increased by 1.5% since November 2025, reflecting growing analyst confidence in earnings growth potential [9] - Over the past year, the industry has underperformed the S&P 500, declining by 6.3% compared to the S&P 500's growth of 14.9% [11] - The industry is currently trading at a trailing 12-month EV/EBITDA of 9.8X, lower than the S&P 500's 18.8X and the sector's 10.79X [14] Company Highlights - UPS is recognized for its shareholder-friendly activities, including dividends and buybacks, and has shown strong free cash flow generation, supporting its bottom line and e-commerce demand [17][18] - FedEx is noted for its solid liquidity position and cost-cutting measures, with earnings surpassing consensus estimates in three of the last four quarters [21] - GXO Logistics has consistently exceeded earnings estimates, benefiting from increased e-commerce and logistics capabilities, with shares rising by 26% over the past year [23][26]