The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
Southwest Airlines is delaying pilot hiring and captain upgrades with no end in sight to the grounding of the Boeing 737 Max.Airlinesread more
The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.Marketsread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
UPS investors should be wary of the shipping company after it lowered its fourth-quarter guidance, Jim Cramer said.
"I found this disturbing," Cramer said on CNBC's "Squawk on the Street " Friday. "They spent a fortune trying to get the holiday season right last year, and they failed. Now they tried to get it right this year, and they failed."
Cramer made his remarks after UPS cut fourth-quarter guidance, with the company citing underperformance of its U.S. domestic segment. UPS' stock plummeted about 10 percent before the bell Friday following the announcement. "This is just a big disappointment and I get why the stock is down so much," Cramer said. "They should be in the sweet spot."
Cramer also called the shipping company's leadership into question. "This is the kind of thing that makes you say, 'where's the board?'" he said. "The board has to look at what happened and make tough decisions."
"Clearly, our financial performance during the quarter was disappointing," UPS CEO David Abney said in a statement. "UPS invested heavily to ensure we would provide excellent service during peak when deliveries more than double. Though customers enjoyed high-quality service, it came at a cost to UPS."
The Atlanta-based company will release last quarter's earnings on Feb. 3.
DISCLOSURE: When this story was published, Cramer's charitable trust owned UPS stock.