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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’s earnings miss may be more of a speed bump than a brick wall, analyst says
Analysts sees a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply
FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.
FedEx Makes Notable Cross Below Critical Moving Average
In trading on Friday, shares of FedEx crossed below their 200 day moving average of $267.52, changing hands as low as $255.40 per share.
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%.
FedEx Stock Dips: Another Reason to Fear Recession Is Near
FedEx Corporation (NYSE: FDX) is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year.
17h
on MSN
The US economy could get hit by a double whammy on September 30, if 2 major negotiations are not hammered out
Congress needs to pass a spending bill by September 30 to avoid a partial government shutdown. Dockworkers and ports must ...
1h
Voters split on whether Harris or Trump would do a better job on the economy: poll
Going into November’s election, neither Kamala Harris nor Donald Trump has a decisive edge with the public on the economy, ...
2d
on MSN
So we’re expecting a rate cut. When will we start to see a difference in the economy?
If you’ve been anxiously awaiting financial relief from the Federal Reserve, you are about to get a rude awakening.
1d
on MSN
One number shows why the economy might not get the immediate relief many hope for
For consumers to get more relief in the form of lower borrowing costs, the 10-year Treasury yield needs to move lower.
16h
on MSN
China's flagging economy — and Kanye West — give each other a helping hand
The American rapper's unexpected China concert boosted local spending, which the government desperately needs but has ...
1d
What the Fed’s Big Rate Cut Reveals About the Economy
Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank ...
6h
EU pledges to loan Ukraine up to $39 billion to help rebuild its economy and power grid
G7 leaders agreed in June to engineer a $50 billion loan to help Ukraine in its fight for survival. Interest earned on ...
9h
on MSN
PM accused of 'disheartening' economy messaging
The UK government is creating a "disheartening and dispiriting" atmosphere with its gloomy messages on the economy and public ...
12h
Asian Creators Redefine Success in the Creator Economy
John Hu, CEO & Founder of Stan, wins Startup of the Year award at the inaugural Asian Creator Awards. Andrew Ge. On September ...
6h
on MSN
Sri Lankan President Wickremesinghe's reelection bid hinges on economy
President Ranil Wickremesinghe charted a path for Sri Lanka out of its worst financial crisis in decades, but the austerity ...
12h
on MSN
Voters split on whether Harris or Trump would do a better job on the economy: AP-NORC poll
A new poll finds neither Kamala Harris nor Donald Trump has a decisive edge with the public on the economy, turning an issue ...
6h
China Budget Spending Slide Deepens in Worrying Sign for Economy
China’s broad budget expenditure shrank at a faster clip amid an unprecedented drop in income earned by local governments ...
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