United Parcel Service (UPS) has agreed to a contract with the United States Postal Service (USPS) to become its primary air cargo provider. FedEx (FDX) is the current provider but claimed in a regulatory filing that it could not reach mutually beneficial terms to extend its contract. Yahoo Finance Anchors Brad Smith and Jared Blikre break down why FedEx stepping away from the agreement could be a potential positive for the company. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Nicholas Jacobino
(Bloomberg) -- President Xi Jinping met with a group of American business executives in Beijing including Blackstone’s Stephen Schwarzman and Qualcomm Inc.’s Cristiano Amon as China is seeking to restore confidence in the economy and keep relations with the US on a stable footing.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay Fraud Trial Bond Cut by 68% to $17
(Bloomberg) -- Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionBiden Gains Ground Against Trump in Six Key States, Poll ShowsVital Baltimore Bridge Collapses After Being Struck by ShipAfter Exposing Realtors, Eliminate the Mortgage Interest DeductionA major commuter bridge in Baltimore collapsed after being struck by a container ship, causing vehicles to plunge into the water and