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With no end in sight to the political impasse in Washington that has shut down the government, the U.S. IPO market is expected to experience a significant slowdown just as it was beginning to show signs of life again. Some companies are nevertheless forging ahead with their listings. Phoenix Education Partners, parent company of the for-profit University of Phoenix, which announced its IPO plans one day before the shutdown began, said on Wednesday that it has priced its shares at $32. That’s the midpoint of its earlier targeted range of between $31 and $33 a share. The company intends to list on the New York Stock Exchange (NYSE) under the “PXED” ticker sy…

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. In the past few years, the housing market has experienced a “lock-in effect,” in which many homeowners with lower monthly payments and mortgage rates (some even below 3%) are unwilling to sell and purchase another home with a significantly higher monthly payment and mortgage rate. Last year, researchers from the Federal Housing Finance Agency estimated that the lock-in effect had resulted in more than a million “lost” home sales. But what mortgage rate would it take for homeowners to consider moving? ResiClub aimed to find out with the ResiClub Housi…

The U.S. job market is sluggish and confusing this fall. American companies are mostly holding onto the employees they have. But they’re reluctant to hire new ones as they struggle to assess how to use artificial intelligence and how to adjust to President Donald The President’s unpredictable policies, especially his double-digit taxes on imports from around the world. The uncertainty leaves jobseekers struggling to find work or even land interviews. Federal Reserve policymakers are divided over whether the labor market needs more help from lower interest rates. Their deliberations are rendered more difficult because official reports on the economy’s health are coming i…

United Parcel Service (UPS) said on Tuesday it will slash 20,000 jobs and close more than 70 facilities to lower costs as it braces for less Amazon shipments, due to global economic uncertainty and changing consumer habits. The package delivery company said in addition to the job cuts, it would shut at least 73 owned and leased locations this year by the end of June, perhaps more, and expects to save $3.5 billion in 2025 from the cost-cutting measures. UPS’ first-quarter revenue fell slightly to $21.5 billion, but the company still beat Wall Street earnings expectations of $21.05 billion, according to data firm LSEG, per Reuters. Shares of the company (NYSE:U…

A UPS wide-body cargo plane crashed on Tuesday and erupted into a fireball moments after takeoff from the international airport in Louisville, Kentucky, killing seven, including all three aboard, and injuring 11 on the ground, officials said. Flames from the crash, shortly before sundown, ignited a string of fires in an industrial corridor adjacent to the airport, forcing authorities to halt flight operations through the night, the officials said. The Louisville airport, which is home to UPS Worldport — a global hub for the shipping company’s air cargo operations and its largest package-handling facility worldwide — was expected to reopen on Wednesday morning. …

United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 48,000 job cuts. Shares rose more than 7% in afternoon trading on Tuesday. UPS earned $1.31 billion, or $1.55 per share, for the three months ended Sept. 30. The Atlanta-based company earned $1.99 billion, or $1.80 per share, a year earlier. Removing one-time costs, earnings were $1.74 per share. That easily topped the $1.31 per share that analyst polled by Zacks Investment Research were calling for. Revenue totaled $21.42 billion, surpassing Wall Street’s estimate of $20.84 billion. UPS …

On Thursday, United Parcel Service (UPS) predicted downbeat 2025 revenue as it cut back service with its largest customer, Amazon, in order to focus on more profitable businesses. The decision will cut Amazon’s transported volumes by more than 50% by the second half of 2026. The unexpected announcement came with disappointing revenue results, with UPS failing to meet expectations for 2024. UPS’s Q4 revenue was $25.3 billion, slightly below the predicted $25.42 billion. This decision came at a time when UPS is struggling due to a decline in parcel demand following the e-commerce boom of the pandemic and an increase in shipments from discount online retailers such …

The headlines are clear: AI is disrupting entry-level jobs across industries, including consulting and professional services. There’s just one problem. Eliminating these roles overlooks a critical business need—your pipeline of next generation leaders. The rush from pyramid to diamond workforce models is short-sighted. In the pyramid model, you grow leaders from the ground up. In the diamond model, you cut the base and bet on later-stage talent to carry the weight. It may look efficient now, but it comes at the expense of long-term leadership development. If we don’t shift the trajectory, it’s likely to worsen the leadership gender gap. Despite women outpacing men…

In South Korea several weeks ago, the U.S. and China came to a temporary agreement, in which they’ll kick a rare-earth can down the road. The agreement took the form of a one-year pause in the dispute between the two nations over rare earth elements (REEs): China postponed imposing newly announced export controls on 17 different REEs and, in turn, the U.S. announced it would reduce certain tariffs on Chinese goods. For years, the United States and its allies have grappled with a troubling resource reality: China dominates the global supply of REEs and critical raw materials (CRMs)—the essential ingredients of our digital age. From smartphones to electric vehicle…

There are certain things that make it obvious that you are a working parent. And I am not talking about the bags under your eyes or the six cups of coffee needed to get through the day. It usually happens at 4:59 p.m. when they start to pack up so they can make it to daycare or a school recital or any number of obligations parents have. As they slip out of the open-plan cubicle maze, a child-free colleague glances over and thinks (or sometimes says out loud), “Must be nice.” Welcome to the us versus them of modern work life: parents versus nonparents, aka committed versus distracted or the all-in versus the always juggling. In my book How to Have a Kid and a Life, I w…

The Department of Agriculture (USDA) has issued a health alert for a pre-cooked, frozen pork carnitas product sold at Aldi grocery stores that “may be contaminated with foreign material, specifically pieces of metal.” Cargill Meat Solutions manufactures the product for Aldi exclusively, so it was only sold at Aldi stores. According to the USDA, the product was shipped to Aldi stores nationwide, so the alert applies to all U.S. locations. Here’s what you need to know. What’s happened? To be clear, the USDA’s Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert, not a recall, “because this product is no longe…

Packages of grass fed ground beef are being recalled over possible E. coli contamination. The affected packages were distributed in at least six states, according to the U.S. Department of Agriculture (USDA). What ground meat is recalled? The USDA made the announcement in a Dec. 27 recall notice, explaining that the recall includes 2,855 pounds of raw ground beef produced on Dec. 16 from Mountain West Food Group, LLC. The at-risk product is the company’s 16-oz. (1-lb.) vacuum-sealed packages of FORWARD FARMS GRASS-FED GROUND BEEF. The packages have a use or freeze by date of 01/13/26. The product also has the establishment number EST 2083 printed on the side of the…

Restaurants, food banks, nonprofits, and other organizations have stepped up to offer assistance to the 41 million Americans who have been thrust into limbo this month regarding SNAP benefits that have been halved. But retailers are prohibited from offering discounts on groceries. The U.S. Department of Agriculture (USDA) has sent notices to retailers alerting them that they can’t offer special discounts to customers affected by the lapse in funding. Despite skepticism about the authenticity of these reports, the USDA confirmed the veracity of the notice to Fast Company, though a spokesperson didn’t provide any additional comment. “You must offer eligible foods at…

Memorial Day Weekend is upon us, marking the unofficial start of the summer vacation season in America. Yet, a recent Bankrate survey from late April found that only 46% of Americans plan to travel domestically or internationally this summer, with costs cited as the primary concern. Dwindling U.S. consumer confidence may lead some individuals to reconsider spending their precious discretionary dollars on travel. Still, you may have more travel options within your budget than you thought. For those determined to get away, there’s an excellent Google Flights hack that reveals options within a certain budget. Some Google Flights aficionados know this as the “anywhere” ha…

If you’re trying to keep an eye on March Madness but you still need to get some actual work done, Google’s Picture-in-Picture Extension feels like a secret weapon. This free Chrome browser extension lets you move any video into a resizable, floating window that sits on top of anything else you’re doing. It’s perfect for keeping the games on in the background while still doing other things on your computer. How to use the Picture-in-Picture Extension Start by downloading the picture-in-picture extension from the Chrome Web Store. In addition to Google Chrome, it also works with most other Chromium-based browsers, including Brave, Vivaldi, Opera, Arc, and Microso…

Visa and Mastercard have agreed to pay $167.5 million to settle a long-running class action lawsuit. The suit, which was first filed back in Oct. 2011, accused the two major credit card companies of conspiring to keep ATM fees artificially high. The proposed settlement, filed on Thursday in Washington, if approved, it will mean an end to “almost fourteen years of vigorously contested litigation.” The lawsuit alleged that both companies “participated in an unlawful conspiracy” involving Visa and Mastercard blocking independent ATM operators from offering lower prices. If approved, the settlement will have Visa and Mastercard pay millions to ATM users who say the…