Matthew Griffin

United Parcel Service Inc.’s market value lead over rival parcel giant FedEx Corp. has shrunk to less than $1 billion, reflecting investors’ lingering anxiety around UPS’s long-term growth trajectory.

The once-sleepy companies that move goods — and people — through America’s roads, rails, skies and water are mobilizing in a rapid rally.

Forgent Power Solutions Inc. shares rose 7.4% after the company and some of its backers raised $1.5 billion in a US initial public offering.

Earnings reports from some of the largest US manufacturers and transportation companies this week drove home how President Donald Trump’s policies on trade and energy are putting a squeeze on the sector’s profits.

Forgent Power Solutions Inc., a designer and manufacturer of electrical equipment used in data centers, is seeking to raise as much as $1.62 billion in its initial public offering.

Corporate executives are warning that jittery US consumers and mounting geopolitical tensions are starting to weigh on demand as the earnings season unfolds, even as headline economic data remains resilient.

Investors should consider hedging ahead of the Supreme Court’s ruling on tariffs, as “an unexpected decision” to allow some of the Trump administration’s most sweeping levies to stand would trigger volatility, according to strategists at Jefferies.

York Space Systems Inc., a space and defense firm backed by AE Industrial Partners, is seeking to raise as much as $544 million in an initial public offering.

Caterpillar Inc. shares extended a turbocharged rally fueled by bets on the industrial giant’s artificial intelligence prospects to briefly push its market valuation above $300 billion for the first time.

Shares of Blackstone Inc. and other housing-related companies tumbled Wednesday after President Donald Trump said he would move to ban institutional investors from buying single-family homes.