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FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
FedEx shares tumble over 15% on limp demand, delivery trade-down
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 Stock Sinks After Company Cuts Outlook
Shares in FedEx (FDX) fell after the package-shipping company cut its full-year financial outlook. Late Thursday, FedEx also posted lower quarterly profit and revenue. Weaker-than-expected demand, particularly in the U.
Markets ease after rate-cut rally; FedEx slips 15%
The S&P 500 slipped 0.2% from its record, and the Nasdaq composite fell 0.4%. The Dow Jones Industrial Average, meanwhile, added 38 points, or 0.1%, to its all-time high.
FedEx reports drop in quarterly earnings on lower demand for priority services
FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in the package industry remained muted, especially for priority services. The company's shares fell about 11% to $268.
FedEx Stock Is Down. Earnings Show Why The Fed Cut Rates.
The economy just isn’t helping, and there is a troubling shift happening which shows why the Fed just cut benchmark interest rates. FedEx reported Thursday evening adjusted earn
Fedex stock plummets after earnings miss, lower outlook flashes warning on economy
The company also lowered its financial outlook for the fiscal year ahead, projecting earnings per share between $20 and $21 versus its prior range of $20 to $22. That sent shares tumbling nearly 15%.
1d
Nike Stock Jumps on CEO Change
Shares in Nike (NKE) surged after the sneaker company said it was getting a new chief executive. John Donahoe will retire as ...
Creative Bloq on MSN
2d
The iconic typefaces that defined each decade
F rom the 1920s to the 2020s, we choose iconic fonts that reflect each decade and ask the experts why they worked. Whether or ...
pna
2d
LTO to offer driver's license renewal for OFWs in Taiwan
Overseas Filipino workers (OFW) in Taiwan will be able to renew their driver’s licenses on Sept. 21 and 22 as part of the ...
3d
Best Arizona registered agent services in 2024
Today, we’ll review the best registered agent services in Arizona, how much value they can bring to you for the price and ...
The Enterprise on MSN
9d
East Bridgewater iPhone thief followed FedEx truck, police say. How to get yours safely
Police arrested one person and are looking for another they say followed a FedEx truck and stole a $1,200 iPhone. Here's how ...
8d
Biden Administration Ratchets Up Tariffs on Chinese Goods
The administration moved to block off a popular tariff-free path for Chinese apparel coming into the United States, and added ...
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