Articles

  • 4 weeks ago | wsj.com | Esther Fung

    Shares of United Parcel Service fell about 5% Tuesday, after a Bank of America research analyst lowered his forecast for the parcel carrier’s earnings in the current quarter. In a research note Tuesday, Ken Hoexter wrote that he now expects UPS earnings per share for the quarter ending March 31 to come in at $1.31, down 15% from his previous forecast, because tariff uncertainty and winter weather are contributing to softer demand.

  • 1 month ago | wsj.com | Esther Fung |Josh Dawsey

    Postmaster General Louis DeJoy Monday stepped down from his role, pre-empting a decision by President Trump to force him out of the role faster than planned. Though DeJoy in February had said he would resign, he hadn’t given a departure date and until now had continued to carry out his 10-year turnaround plan for the Postal Service. Trump in recent days had been preparing to fire DeJoy, according to people familiar with the matter.

  • 1 month ago | wsj.com | Esther Fung |Josh Dawsey

    Postmaster General Louis DeJoy Monday stepped down from his role, pre-empting a decision by President Trump to force him out of the role faster than planned. Though DeJoy in February had said he would resign, he hadn’t given a departure date and until now had continued to carry out his 10-year turnaround plan for the Postal Service. Trump in recent days had been preparing to fire DeJoy, according to people familiar with the matter.

  • 1 month ago | wsj.com | Esther Fung

    FedEx shares fell 4% in after-hours trading Thursday, after the parcel carrier lowered its revenue and profit forecasts for the current fiscal year, citing continued weakness and uncertainty in the U.S. industrial economy. The company now expects adjusted profit of between $18.00 and $18.60 per share for the fiscal year ending in May, down from its previous forecast of between $19.00 and $20.00 per share.

  • 1 month ago | wsj.com | Esther Fung

    March 18, 2025 9:00 am ETOn a cold afternoon in December, a man wheeled a black luggage into a phone-repair shop in Brooklyn and handed the bag to the employee behind the counter. About 40 minutes later, another man entered carrying a large plastic bag and left without it. Later that day, a third man entered the small store carrying two large bags and handed them to the same employee. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Esther Fung
Esther Fung @estherfung
2 Apr 25

Trump imposes 10% baseline tariff rate on all imports, higher rates for some nations. 34% on imports from China, 20% on EU imports, 46% on imports from Vietnam. https://t.co/LbUwZZjl32 @wsj

Esther Fung
Esther Fung @estherfung
24 Mar 25

Postmaster General Louis DeJoy Monday stepped down from his role, earlier than he had wanted. President Trump was planning to fire him, according to sources. https://t.co/moLjcI7yOI @WSJ w/ @jdawsey1

Esther Fung
Esther Fung @estherfung
18 Mar 25

Porch thefts get sophisticated. A crime ring was able to steal thousands of iPhones by scraping FedEx websites and bribing AT&T staff for delivery data. Doorbell cameras showed thieves stealing iPhones moments after they were dropped on front steps. https://t.co/jO7ZUEI73L @WSJ