Wall Street Breakfast FedEx lands Amazon deal as UPS scales back
May 13, 2025
FedEx has struck a deal with Amazon to cover delivery gaps left by UPS, reshaping the logistics landscape. Samsung's launch of the ultra-thin Galaxy S25 Edge heats up the mobile device competition, alongside Apple’s upcoming iPhone Air. Coinbase's shares surged after its announcement to join the S&P 500 index. Meanwhile, significant financial updates include the U.S. reducing tariffs on China and McDonald's ambitious plan to hire 375,000 employees. The episode buzzes with essential market trends and corporate strategies.
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FedEx Gains Amazon Deal
- FedEx is taking over some Amazon package deliveries from UPS, offering cost advantages and easing capacity limits.
- UPS aims to prioritize heavier, longer-distance packages while cutting lighter package deliveries, saving $3.5 billion.
Smartphone Slimming Race
- Samsung launched the ultra-thin Galaxy S25 Edge, one of the lightest premium smartphones.
- Apple plans an iPhone 17 Air expected to be the thinnest, lightest, and most premium iPhone yet, launching this September.
Coinbase Joins S&P 500
- Coinbase will join the S&P 500 index on May 19, replacing Discover Financial Services.
- Coinbase shares rose 9% pre-market on the announcement, reflecting strong investor confidence.