FedEx lands Amazon deal as UPS scales back
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Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. Thanks for joining us on this Tuesday, May 13th. I'm Julie Morgan. Amazon shifts gears on shipping, Samsung slims down its smartphone, and Coinbase scores a new spot.

Amazon has reached an agreement with FedEx to take over package deliveries previously handled by UPS. According to an email obtained by Business Insider, FedEx offers cost favorability over UPS, providing Amazon with cost savings and alleviating capacity constraints. If you remember, UPS said it was reducing the volume of packages delivered for Amazon by 50% by the second half of 2026. This

This would enable UPS to focus on the delivery of heavier packages traveling a longer distance while reducing the delivery of lighter packages from Amazon. The shift is expected to result in a workforce reduction of 20,000, closure of 73 facilities, and $3.5 billion in savings for UPS. FedEx shares moved higher on the news last trading in the pre-market with a 1% gain.

Samsung has officially launched the Galaxy S25 Edge. The new ultra-thin edition makes it one of the slimmest and lightest premium smartphones available. The last edition, revealed through an online event, stands out with a thickness of 5.8 millimeters and a weight of 163 grams. The device is priced starting at $1 shy of $1,100 and goes on sale at the end of this month.

In parallel, there are reports that Apple is preparing to launch the iPhone 17 Air, which is rumored to be the thinnest and lightest iPhone ever made, and likely expected in September of this year alongside the rest of the iPhone 17 lineup. It is rumored to be higher than the current Pro Max, possibly starting at $1,300 or more, positioning it as the most premium model in the lineup.

Cryptocurrency exchange Coinbase will be added to the S&P 500 index on May 19. Pre-market, Coinbase is up 9% on the announcement. According to the S&P Dow Jones indices, Coinbase will replace Discover Financial Services, which is set to be acquired by Capital One Financial in a deal expected to be completed soon.

Now for a look at some of the trending articles that you can find on the homepage of Seeking Alpha. The U.S. announces $1.4 billion in arms sales to the UAE ahead of Trump's Middle East trip. The U.S. reduces China's de minimis tariff rate to 54% from 120%. India moves to retaliate against Trump's tariffs amid trade talks.

And McDonald's bets on growth with plans for 375,000 new hires. On our Catalyst Watch for the Day, Disney and Univision will hold presentations in New York City as part of Upfront Week. Other notable investor events include Horace Mann Educators Investor Day and OneStream's Splash Conference.

After a big day on Wall Street Monday, Dow, S&P and Nasdaq futures are in the red. Crude oil is up 0.6% at $62 a barrel. Bitcoin is up 0.5% at $103,000. Gold is up 0.4% at $3,251. In the world markets, the FTSE 100 is flat and the DAX is up 0.1%.

3D Systems is on our list of the biggest movers of the day pre-market. DDD is down 23% after Q1 results fell short of expectations, with revenue down 8% year-over-year. On today's economic calendar, at 8.30 a.m., CPI. CPI is expected to rise 0.3% in April, compared with a 0.1% decline in March, according to a consensus estimate.

On a year-over-year basis, though, it is projected to stay steady at 2.4%. When excluding food and energy prices, which can swing from month to month, the CPI is expected to gain 0.3% month-over-month and hold at 2.8% year-over-year.

That's it for today's Wall Street Breakfast. Thanks for listening. For a full offering of news, analysis, ratings, and data on stocks and ETFs, become a premium subscriber. Learn more at SeekingAlpha.com slash subscriptions. I'm your host, Julie Morgan. Go out and make it a great day.