The dollar weakened against other major currencies Tuesday afternoon after President Trump told reporters in Iowa that he was not concerned about the recent decline in the dollar and wanted the currency to "seek its own level," per Bloomberg.
Why it matters: U.S. presidents historically talk up the dollar's strength whenever asked.
Tesla is coming full circle back to a time when its sales and earnings didn't much matter, and investors focus on future potential.
Why it matters: Tesla's EV sales last year hit their lowest level since 2022, but the company's stock is increasingly tied to its AI ambitions — including humanoid robots and robotaxis.
Why it matters: The move underscores Amazon's ongoing effort to refine its grocery strategy — even as the business now generates more than $150 billion in annual sales.
When Federal Reserve chair Jerome Powell takes questions from the news media at 2:30pm on Wednesday, the complexities of monetary policy may well turn out to be the easy part.
The big picture: The Fed's interest rate policy is in a wait-and-see mode for the moment. Meanwhile, the questions hanging over the institution are considerably more consequential.
Why it matters: UPS was getting 12% of its revenue from Amazon deliveries before deciding to pare back those shipments in pursuit of a more profitable, efficient business.
Driving the news: The shipping giant will cut up to 30,000 "operational positions" in 2026, CFO Brian Dykes said Tuesday on an earnings call.
That "will be accomplished through attrition" plus a new "voluntary separation program for full-time drivers," he said.
The company also plans to close 24 buildings in the first half of the year while evaluating additional facilities for closure in the second half.
"Plus, we plan to further deploy automation across the network," Dykes said.
By the numbers: UPS had already cut 48,000 positions in 2025, including 15,000 fewer seasonal roles, as it adjusted to lower volume.
All told, the company expects to save $3 billion from the Amazon shipment cuts.
The other side: "Considering drivers overwhelmingly rejected it the first time, UPS may try to resurrect its disrespectful buyout program, but Teamsters still know our worth," the Teamsters union — which represents UPS workers — said in a statement.
"We're perfectly happy for UPS to realize growth and cost savings on the backs of corporate managers so long as they uphold their contractual commitments to our members and reward the Teamsters who actually make the company run."
Editor's note: This story has been updated with a statement from the Teamsters union.
Americans' confidence in the economy plunged to start the year at the lowest in 12 years — amid consumer angst about prices and pessimism about the job market.
Driving the news: The Conference Board's long-running consumer confidence index fell 9.7 points in January, to 84.5, from a revised 94.2 in December.
Sweethearts conversation hearts — the chalky Valentine's Day staple — are debuting new phrases in 2026 to reflect how inflation and high living costs are reshaping romance.
The big picture: "Being practical is having a moment," said Evan Brock, vice president of marketing for Spangler Candy Company, the maker of Sweethearts.
Four members of the Magnificent 7 tech stocks report their quarterly results this week, with earnings for the group expected to grow by nearly 17%.
Why it matters: This is the "most eventful week" of the earnings season as investors weigh whether the AI darlings can keep fueling this bull market, writes José Torres, senior economist at Interactive Brokers.
