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UPS offering buyouts to full-time U.S. drivers represents the first voluntary severance program for unionized workers in the company’s 117-year history . At the time of writing, UBS has cut its UPS price target to $124 from $128 citing slowing demand and also international headwinds. The UPS driver buyout packages are part of the largest network reconfiguration ever, and delivery driver workforce changes include eliminating around 20,000 jobs right now . UPS corporate announcement page – Source: UPS UPS Offering Buyouts Amid Slowing Demand And UBS Price Target Cut Source: The Wall Street Journal UPS offering buyouts comes as the Atlanta-based company executes massive operational changes to address slowing demand issues. The UBS price target reduction also reflects concerns about international business pressures affecting the shipping giant’s profitability right now. UPS stated: “For the first time ever, in recognition of these unique circumstances, we are looki...

In a risk disclosure this week, Michael Saylor’s MicroStrategy (currently doing business as Strategy) admitted that circumstances may mean it has to sell some of its BTC by next year. Any such sale would break years of claims from Saylor that the company plans never to sell. Indeed, Saylor’s plan for MicroStrategy has been clear and single-minded. “The highest, best use of bitcoin is to buy bitcoin and hold,” Saylor has professed. Repeatedly and without exception, Saylor has told his followers that he plans to hold onto his coins. “The endgame is to acquire more BTC. Whoever gets the most BTC wins. There is no other endgame.”  You do not sell your #Bitcoin. — Michael Saylor (@saylor) February 27, 2024 Even Saylor, in his personal capacity, says he plans never to sell his BTC and will burn his private keys when he dies. However, there are several events that could force him to sell in spite of his devotion. According to data from Arkham Intelligence, the comp...