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UPS reshapes leadership after Amazon delivery pullback and $3bn cost overhaul
UPS has promoted Nando Cesarone, Matt Guffey and Wilfredo Ramos into expanded leadership roles as it launches a new global operating model following completion of its Amazon volume glide-down, 45 facility closures and a restructuring expected to generate about $3 billion of benefits in 2026.
Polymarket is suddenly worth $21bn, and the hardest question is whether prediction markets are finance or gambling
Polymarket is seeking about $1 billion at a $21 billion valuation, with 1789 Capital committing roughly $300 million. The financing values the prediction-market platform at less than rival Kalshi but implies a paper value of about $4.6 billion for Intercontinental Exchange’s reported 22% stake. The harder question is whether billion-dollar annualised revenue can survive state-level legal battles, market-integrity scrutiny and a shift from speculative trading toward institutional financial infrastructure.
BAE Systems’ Roman telescope hardware reaches space as $5.5bn Ball Aerospace acquisition faces an orbital test
NASA’s Nancy Grace Roman Space Telescope has launched with BAE Systems-built hardware at the heart of its Wide Field Instrument. The mission extends BAE Systems’ civil-space credentials, but the real validation will come during commissioning and science operations.
Why WPP could cut 1,000 more jobs as Cindy Rose accelerates ÂŁ500m restructuring
WPP is reportedly preparing to eliminate up to 1,000 additional jobs by the end of 2026 as Chief Executive Officer Cindy Rose deepens the Elevate28 restructuring, considers further asset sales and transforms the advertising group around AI after roughly 11,000 positions have already disappeared since early 2025.
Airwallex crossed $1bn in annualised revenue, so why is it still holding back from public markets?
Airwallex says it will be IPO-ready by year-end but sees little reason to rush into public markets. With annualised revenue above $1 billion, an $11 billion valuation and fresh expansion into autonomous finance, the bigger question is whether waiting strengthens the eventual listing or allows private-market expectations to run ahead of financial disclosure.
Science Applications International raises 2027 outlook as revenue grows and shares jump 8%
Science Applications International shares jumped 8% after stronger revenue and a major 2027 guidance raise, but weak bookings remain a key risk.
LexinFintech faces funding squeeze as quarterly profit plunges and loan outlook weakens
LexinFintech profit plunged 80% as funding tightened, and management now warns of a possible third-quarter loss. See what investors face next.
Grand Canyon disaster deepens as hikers remain missing and South Rim hotels shut over water crisis
Grand Canyon flash floods leave at least two dead and about 15 missing as rescue teams search Bright Angel Canyon and water restrictions intensify.
Why Kotak Mahindra Bank’s CEO race matters as quarterly profit jumps 26%
Kotak Mahindra Bank has reportedly submitted internal executives Anup Saha and Paritosh Kashyap to the Reserve Bank of India as potential successors to Ashok Vaswani, creating a closely watched leadership contest as standalone quarterly profit rises 26%, advances grow 15% and the lender targets a stronger position among India’s largest private banks.
Why DIC India CEO Manish Bhatia exits as profit surges and leadership structure changes
DIC India Limited has formally completed Manish Bhatia’s exit as Managing Director and CEO, with Hayato Kashiwagi set to become Managing Director from September 1 and Manjusha Singh already serving as Deputy CEO, creating a new leadership structure just as quarterly revenue and profit accelerate sharply.