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FedEx, UPS Shares Tumble on Amazon’s ‘Watershed’ Logistics Move

US transportation stocks plunged Monday morning after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

Putin instructs cabinet to expand use of biotechnology in economy

The Cabinet of Ministers will also need to prepare proposals to expand the participation of biotechnology organizations in the implementation of the federal project "Professionalism"

GameStop (Yes, GameStop) Makes $56 Billion Bid for eBay

Shares of online retail giant eBay were up more than 4% Monday after GameStop, the video-game and fandom-culture retailer, launched an unsolicited $56 billion takeover bid. On Sunday, GameStop announced that it submitted a nonbinding proposal to acquire 100% of eBay at $125.00 per share in cash and stock (comprising 50% cash and 50% GameStop […]

Amazon opens up its global logistics network to all businesses

Amazon is opening its global logistics network to all businesses, the company announced on Monday. The new service, called Amazon Supply Chain Services, pits the e-commerce directly against UPS and FedEx. The service opens Amazon’s freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes. The company says the service will support businesses in industries such as healthcare, automotive, manufacturing, and retail.

Apollo's Zito on Fears Facing Private Credit Investors

Apollo Asset Management co-President John Zito talks about how AI is impacting investing and private credit. “Everyone is acknowledging we will be in a higher-volatility regime, but they are not acknowledging credit is actually the typical safer place to be," he told Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills. (Source: Bloomberg)

Pakistani delegation attends US investment summit to expand global footprint

ISLAMABAD: A delegation of 16 Pakistani entrepreneurs and business leaders is participating in the ‘SelectUSA Investment Summit’ that has opened in National Harbour, Maryland, to establish new connections and opportunities to grow through investing in the United States. The four-day Investment Summit, which opened on Sunday, is the highest-profile event in the United States to facilitate business investment by connecting thousands of investors, companies, economic development organisations (EDOs...

What are today's savings account interest rates: May 4, 2026?

MoneyWatch: Managing Your Money What are today's savings account interest rates: May 4, 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He...

Mexico Exchange Biva Sees ‘Serious’ Investor Interest in Bidding

Mexico’s second-largest stock exchange, Biva, has received “serious” interest from potential bidders in a sale process that kicked off at the end of last year, said Chief Executive Officer Maria Ariza.

GameStop offers to buy eBay for $55.5 billion, threatens hostile bid

MoneyWatch GameStop offers to buy eBay for $55.5 billion as video game seller threatens hostile bid .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Mary Cunningham Mary Cunningham Reporter, MoneyWatch Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. Read Full Bio Mary Cunningham May 4, 2026 / 9:47 AM EDT / CBS News Add CBS News o...

Record cocaine haul seized in Atlantic by Spanish police, union says

Crime Record amount of cocaine seized from ship in Atlantic Ocean by Spanish police, union says May 4, 2026 / 9:46 AM EDT / CBS/AFP Add CBS News on Google Spanish police have impounded what is believed to be a national record haul of cocaine from a ship in the Atlantic Ocean, with the seizure potentially reaching 40 tons, a union said on Monday.The Civil Guard intercepted the vessel in international waters off Spain's Canary Islands on Friday, with around 20 people arrested, sources from the for...

Canada Giving $1.1 Billion to Firms Hit by US Metal Tariff Rules

Prime Minister Mark Carney’s government unveiled measures worth C$1.5 billion ($1.1 billion) to help Canadian firms hurt by the Trump administration’s changes to US tariffs on imports containing steel, aluminum and copper.

‘It: Welcome to Derry’ Costume Designer on Pennywise’s 135-Piece Red Outfit and the Easter Eggs in Periwinkle and Ingrid’s Looks

“It: Welcome to Derry” costume designer Luis Sequeira had previously created the wet, bloody look for “Carrie,” so he already understood what it would take to recreate it for Stephen King’s killer demon clown. Or at least he thought he did. Having worked on the film “It: Chapter Two,” he was already familiar with the […]

Trump's secret new plan to confront Iran privately bewilders oil titans as gas prices skyrocket

Trump’s secret new plan to confront Iran privately bewilders oil titans as gas prices skyrocketPolitics is fast. We're faster. Sign up to the DC Insider newsletter for a front-row seat to American politics... and unlock 3 FREE months of DailyMail+ HERE By PHILLIP NIETO, US POLITICAL REPORTER Published: 14:11, 4 May 2026 | Updated: 14:11, 4 May 2026 e-mail View comments

‘Smear’ row hits Labour: Councillor accuses party officials of putting false racism claims on his official file

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JP Morgan CEO wants companies to get rid of some managers; here’s why

JPMorgan Chase CEO Jamie Dimon identified bureaucracy as a 'silent killer' that breeds complacency and inefficiency within organizations. He urged companies to eliminate managers who foster such practices, emphasizing the need to focus on outcomes and share information transparently. Dimon advocates for assigning critical tasks to small, focused teams to increase accountability and speed up decision-making.

बंगाल में हुमायूं-ओवैसी रहे बेअसर, असम में अजमल का भी फ्लॉप शो... समझें मुस्लिम वोटिंग पैटर्न

Reform government could cause Truss-style chaos, says renewables industry

Lobbyist Tara Singh says stripping projects of subsidy contracts would undermine investor confidence in UKBritain could be beset by levels of economic chaos last seen under Liz Truss if a Reform UK government were to fulfil its promise to strip renewable energy projects of subsidy contracts, according to the industry’s chief lobbyist.The anti-renewables policy put forward by Nigel Farage’s populist party would severely undermine investor confidence in the energy industry and across the wider UK...

Carlyle Seeds Buyout Fund With $5 Billion in Novel Credit Deal

Carlyle Group Inc. arranged a first-of-its-kind financing that will commit more than $5 billion to seed its next flagship buyout fund while repaying investors in some of its older vintages, according to people with knowledge of the matter.

Canada allocates $200 million to military support for Ukraine

Vladimir Zelensky said that it is an important contribution

European Commission not knowing exact quantity of jet fuel in Europe

Commission Spokesperson Anna-Kaisa Itkonen said there is also lack of transparency on the evolution of stocks from the different actors