meta the company behind facebook and instagram launched the new textbased conversation app threads this week the score is a weekly review of the biggest stock moves and the news that drove them tesla on july 2 posted record quarterly sales and an 83 jump in global deliveries helped by sharp price cuts and significant discounts the company led by billionaire elon musk said it delivered more than 466000 vehicles to customers worldwide in the latest period the world’s top ev seller has been bouncing back this year after its stock marked its worst annual performance on record in 2022 rival electricvehicle startup rivian on monday also reported betterthanexpected deliveries in its latest quarter beating expectations tesla shares gained 69 monday during the shortened trading session—their best oneday gain since march ups ups 027increase green up pointing triangle hit a roadblock in its labor talks with the teamsters raising the possibility of a strike the packagedelivery giant and the international brotherhood of teamsters—the union representing roughly 330000 workers—said labor negotiations had stalled accusing each other of walking away from contract talks the upsteamsters contract is the largest collectivebargaining agreement involving a private employer in north america the teamstersrepresented workers voted to authorize a strike if a new agreement isn’t reached a work stoppage that could harm the supply chains of many companies the last time teamsterrepresented ups workers had a walkout was in august 1997 meta’s meta 050decrease red down pointing triangle new app is coming for twitter the facebook parent on wednesday launched threads a microblogging platform meant to challenge elon muskowned twitter the arrival of the new app followed an unusual move by twitter to limit the number of posts its users could read within 24 hours the new service signed up more than 30 million users and surged to the top of app store download charts the launch also drew a sharply worded letter from a twitter lawyer alleging that meta hired twitter employees and assigned them to help build threads a meta spokesman denied the charge jetblue is grounding its partnership with american airlines executives said jetblue won’t join american in challenging a judge’s ruling against the partnership which followed a justice department lawsuit instead jetblue is shifting its resources toward its defense of its planned 38 billion acquisition of spirit airlines which the department has challenged in a separate suit the justice department has argued that the takeover—which would create the fifthlargest us carrier—would stifle competition and lead to higher fares for tens of millions of travelers levi’s tightened its outlook for the year after a tough quarter the jeans maker on thursday said it swung to a loss in the latest quarter and cut its annual forecast posting a 22 drop in sales in its core market the americas region levi’s is aiming to sell most of its denim through its own stores and website instead of thirdparty retailers last quarter’s net loss was mostly due to higherthanexpected operating expenses as the company spent more on advertising to support its iconic 501 jeans’ 150th anniversary campaign and to grow its directtoconsumer channel sales