- Investor's Business Daily
UPS Swings $1 Billion Deal With RXO As Analysts Focus On FedEx Earnings Outlook
RXO stock surged early Monday after announcing Sunday it would purchase UPS's Coyote Logistics, the company's freight-brokerage business, for slightly more than $1 billion. The deal comes just days before rival FedEx closes the door on fiscal 2024 with fourth-quarter earnings. Package delivery giant UPS said Sunday the deal is worth $1.025 billion, which comes in below the $1.8 billion UPS paid for Coyote Logistics in 2015.
- Barrons.com
Nvidia’s Rapid Rise Ridicules Stock Diversification. Why It Still Makes Plenty of Sense, and 4 Other Things to Know Today.
PCE inflation reading expected to show cooling trend, auto dealers grapple with CDK’s cyberattack fallout, more news to start your day.
- Barrons.com
Nike, Micron, FedEx, Carnival, and More Stocks to Watch This Week
The Fed’s inflation measure is expected to be up 2.6% in a year. Earnings from Nike, Carnival, Micron, FedEx, and Walgreens.
