Key TakeawaysU.S. President Trump announced a boycott of the G20 summit in South Africa, citing alleged severe human rights abuses against Afrikaners and a blocked G20 presidency handover, while also declaring an immediate halt to all U.S. payments and subsidies to Pretoria.S&P Global revised its outlook for Uber Technologies Inc. (UBER) to Positive from Stable, affirming its company rating due to strong organic growth and rising cash flows.Two uniformed military personnel, believed to be National Guard mem ...

Core Insights - UPS has reduced its operational workforce by approximately 34,000 jobs in 2025, exceeding its initial expectation of 20,000 job cuts [1][2] - The company closed 93 facilities in the first nine months of 2025, surpassing its planned closure of 70 facilities [2] - UPS anticipates $3.5 billion in savings this year from these cuts, marking the largest network reconfiguration in its history [2] - The company is scaling back on less profitable business segments, notably reducing its partnership with Amazon by half by mid-2026 [3] - Following the earnings report, UPS shares increased by 12% in premarket trading due to better-than-expected earnings [3]

Core Viewpoint - United Parcel Service (UPS) has faced significant challenges in recent years, including a decline in shipping volume and a strategic reduction in its partnership with Amazon, leading to a substantial drop in stock performance [2][3][4]. Company Performance - UPS went public in 1999, raising nearly $5.5 billion, one of the largest IPOs at that time [1]. - The company has seen a decline in stock value, trading down approximately 30% this year and over 50% in the past five years, contrasting sharply with the broader market performance [3][4]. - A $1,000 investment in UPS five years ago would now be worth only $496, while the S&P 500 index would have nearly doubled that investment [4]. Strategic Decisions - UPS announced a 50% reduction in its partnership with Amazon, which was its largest customer, citing slim margins as the reason for this strategic decision [2][3]. - The company is also navigating macroeconomic challenges and the impact of tariffs, which have further complicated its revenue outlook [3][6]. Dividend Yield - Despite the challenges, UPS offers a high dividend yield of over 7.5%, indicating potential for income generation for investors [4].