FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services.

FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in ...

FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.

FedEx dragged on the market with a drop of 14.9% after its profit and revenue for the latest quarter fell short of analysts’ ...

U.S. stocks are hovering around the records they set the day before during a worldwide rally. The S&P 500 slipped 0.2% in ...

A record-setting week for Wall Street is closing on a quieter note, and U.S. stocks are pulling back from their highs hit ...

Wall Street is quieter, and U.S. stocks are drifting after they leaped to records the day before during a worldwide rally.

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