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USA Today
31 minutes ago
- USA Today
UPS offers buyouts to drivers as it shutters 73 sites, laying off 20,000 jobs
Parcel giant UPS said on Thursday it will offer voluntary buyouts to its full-time U.S. drivers as part of the largest network reconfiguration in its history — a sweeping overhaul that includes cutting 20,000 jobs and closing 73 facilities. The Atlanta-based company had in April announced a network reconfiguration plan following a reduction in deliveries for its key customer, and amid U.S. President Donald Trump's tariffs. UPS restructuring: UPS cutting around 20,000 jobs amid 'new or increased tariffs'; 73 buildings closing The buyout package is in addition to any retirement benefits such as pension and healthcare, the company said in a statement. The Teamsters union, which represents about 330,000 workers at UPS, was first to announce the buyout plans, calling them an "illegal violation" of the national contract, under which UPS had committed to create 22,500 more jobs. "Our members cannot be bought off and we will not allow them to be sold out," said Sean O'Brien, general president of the union. "UPS needs to live up to the existing contract. They must honor their commitments." UPS said it intends to adhere to the terms of its contract with the union. Reporting by Abhinav Parmar in Bengaluru; Editing by Shreya Biswas
Yahoo
44 minutes ago
- Yahoo
Why Carnival Stock Cruised Forward in June
Carnival reported better-than-expected quarterly growth and improvements to its balance sheet, lifting investor confidence. The cruise line operator has a strong base of customer deposits, indicating the potential for further strength in the quarters ahead. 10 stocks we like better than Carnival Corp. › Carnival (NYSE: CCL) reported smooth sailing in the second quarter, producing results that exceeded expectations and showing significant progress improving its balance sheet. Investors are climbing aboard, sending shares of the cruise line operator up 21.1% in June, according to data provided by S&P Global Market Intelligence. Investors weren't sure what to think about cruise line stocks heading into earnings season. Demand has held up well, but with economists focused on tariffs and uncertainty, there were no guarantees that vacationers would continue to book high-priced cruise adventures. But there was no sign of cruise fatigue in Carnival's results. The company grew revenue by 9.5% in the quarter and earnings per share by 218%, topping Wall Street expectations. Carnival also ended the quarter with $8.5 billion in customer deposits for future cruises, up 26% from $6.8 billion in the same three months a year ago. "Our strong results, booked position and outlook are a testament to the success of our ongoing strategy to deliver same-ship, high-margin revenue growth," CEO Josh Weinstein said in a statement. "We continue to set ourselves up well for 2026 and beyond, with so much more potential to take our margins, returns and results even higher over time." The strong results allowed Carnival to pay down some of the debt the company took on during the pandemic. Carnival prepaid some of its debt scheduled to mature in 2026 and refinanced additional borrowings at lower interest rates, cutting its interest expense and reducing its net debt to 3.7 times earnings before interest, taxes, depreciation, and amortization (EBITDA), down from 4.1 times EBITDA as of February. Travel stocks are cyclical, and if history is a guide, demand will weaken over time. If consumers increasingly feel pressed to pay their bills, then big-ticket expenses like vacations tend to be the first things to go, so the macroenvironment is worth watching. That said, Carnival provided no reason to worry a collapse is imminent. With strong demand trends, an improving balance sheet, and a stock that is still 44% below where it traded prior to the pandemic, it can be full steam ahead for Carnival from here. Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy. Why Carnival Stock Cruised Forward in June was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
44 minutes ago
- Yahoo
These Artificial Intelligence (AI) Stocks Have Quietly Outperformed the Market All Year
Micron is gaining market share with its latest high-bandwidth memory chips -- designed for AI products. IBM's consulting services are driving its success in the generative AI market. These two companies are excelling in AI without dominating headlines. 10 stocks we like better than International Business Machines › Some artificial intelligence (AI) stocks inspire tons of headlines. You probably know exactly what Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) are doing in the AI space, whether their stocks are doing well or not. And then there's the quiet bunch. I can assure you that IBM (NYSE: IBM) and Micron Technology (NASDAQ: MU) do plenty of AI-related business, and that they stand to benefit from this ongoing boom in generative AI. Their stocks have been outperforming the S&P 500 (SNPINDEX: ^GSPC) in 2025, apart from a couple of short-lived glitches. But how often do you see them mentioned among the top AI stocks to own for the long haul? Not a whole lot, I bet. So let me tell you what these tech veterans are doing to earn consistently market-beating performance this year -- without dominating the press. Micron is not the largest memory-chip maker in the world, but it has an advantage over sector leaders SK Hynix and Samsung (OTC: SSNL.F) right now. The Idaho-based chip maker is first to market with the fourth generation of high bandwidth memory (HBM) -- a key component in the latest and greatest AI accelerator platforms. Samsung and Hynix have their own HBM4 solutions, but Micron is already shipping these chips to its most important customers. AI hardware leader Nvidia (NASDAQ: NVDA) includes Micron's HBM4 memory on its Blackwell family of AI accelerators. Runner-up AMD (NASDAQ: AMD) also selected Micron's top-of-the-line memory for its next two generations of Instinct accelerators. As a result, Micron's market share is growing while Samsung is sliding back. Now, Micron's sales are limited by the company's in-house production capacity, as the HBM chips are sold out for the rest of 2025. That's why Micron has invested $10.2 billion in capital expenses over the last three quarters, up from $5.3 billion in the same year-ago period. These costly chip-factory upgrades will be the foundation of Micron's long-term growth opportunity. So Micron is a leading supplier of AI-grade memory solutions. The stock has gained a market-beating 47% in the first half of 2025. Now you know why. Do you still see IBM as a one-stop shop for corporate computing needs? That would be a mistake. The company refocused on AI, cloud computing, and consulting services long before it was cool. The strategy shift led to many years of disappointing shareholder returns, but the big payoff is finally coming in. And of course, Big Blue's fortunes are built around AI. In the recent first-quarter update, IBM posted an order book of more than $6 billion in the WatsonX generative AI service. That's up from roughly $1 billion in the year-ago quarter. That's a big jump. And here's the fun part -- only 20% of this incoming contract portfolio comes from software licenses. The rest springs from consulting services. This is a unique business advantage. IBM's technical expertise goes far beyond its own software tools. When your company's employees need training on a new technology, or hands-on expertise from IT consultants, you're likely to look at IBM's consulting services. Yes, other tech giants can support their in-house software and services, but they're less likely to offer broad technology support. This isn't a new trend. Before the Fool, two different employers sent me to IBM's training centers around the country to keep me up to date with networking standards and programming tools. That was 20 years ago and nothing has changed -- except IBM's heavier focus on high-value topics such as AI systems and cloud computing. IBM's stock has gained 33% in 2025, and the underlying business results were largely based on consulting services in the AI market. If you knew that five minutes ago, you were already ahead of the game. If not, you just earned an edge on most AI investors. Before you buy stock in International Business Machines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and International Business Machines wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor's total average return is 1,069% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Anders Bylund has positions in International Business Machines, Micron Technology, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, International Business Machines, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. These Artificial Intelligence (AI) Stocks Have Quietly Outperformed the Market All Year was originally published by The Motley Fool
