Amazon Seals New Partnership With FedEx for Delivering Large Packages
Amazon AMZN 8.07%increase; green up pointing triangle.com has added FedEx FDX 6.94%increase; green up pointing triangle as a partner to deliver select large packages to homes for the online retailer, as the two companies find more ways to do business together after a previous split.
'We've reached an agreement with FedEx to serve as one of several third-party partners to deliver packages to our customers,' Amazon spokesman Steve Kelly said Monday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
12 minutes ago
- Bloomberg
The Deal: Magic Johnson
In this episode of The Deal, Alex Rodriguez and Jason Kelly talk with Magic Johnson, the iconic point guard for the Los Angeles Lakers. In their conversation, taped in front of a live audience at the Milken Global Conference, Johnson reveals what he's learned from his 'greatest deal,' becoming part of the Washington Commanders ownership group. He also explains why pitching himself as a partner to the Starbucks board was the hardest thing he's ever done, and how much it meant to win an Olympic gold medal alongside Michael Jordan and Larry Bird.
Bloomberg
14 minutes ago
- Bloomberg
US Inflation Beats Estimates for a Fourth Month
For four months many economists have predicted that US inflation would reignite, in large part due to President Donald Trump's trade war and the knock-on effects his tariffs would have on the economy. But for a fourth month in a row, data released by the Trump administration's Bureau of Labor Statistics came in lower than expected. The consumer price index, excluding the often volatile food and energy categories, increased only 0.1% from April, according to government data. The string of below-forecast inflation readings could be attributable to how many of the administration's threatened levies are on hold. (In early April, Trump's 'reciprocal' tariffs managed to destabilize the bond market before he largely retreated.) Treasury Secretary Scott Bessent, who is being floated as a potential replacement for Jerome Powell at the Federal Reserve, credited Trump's trade policies for slowing inflation, saying he challenged a 'decades-old status quo.'
Bloomberg
15 minutes ago
- Bloomberg
Chime, Backers Raise $864 Million in Above-Range IPO
Chime Financial Inc. and some of its shareholders are raising $864 million in an initial public offering, pricing the shares above a marketed range, according to people familiar with the matter. The financial technology firm is selling 26 million shares for $27 each, said the people, who asked not to be identified because the information wasn't public yet. Chime had marketed 32 million shares, including 6.1 million of them from selling shareholders, for $24 to $26 each, according to its filings.
