UPS Plans to Slash Amazon Business By Half | Bloomberg Businessweek

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Bloomberg Intelligence Senior Analyst Lee Klaskow reports on UPS adapting to lower-than-expected annual revenue by shipping fewer, higher-margin packages and cutting back on less profitable deliveries, including a 50% reduction in volumes with Amazon by 2026. Bloomberg News Equities Reporter Ryan Vlastelica discusses IBM shares jumping to a record on Wednesday after the company projected strong revenue growth in the new fiscal year and a jump in AI-related bookings. Golden Krust CEO Jacqueline Hawthorne-Robinson talks about taking over as CEO of the Jamaican fast-casual restaurant chain. Mihir Desai, Professor of Finance at Harvard Business School, explains why big tech is eating itself alive by throwing more and more cash at investments in each other. And we Drive to the Close with Sam Stovall, Chief Investment Strategist at CFRA Research.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

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