FedEx (NYSE:FDX) dropped to a two-year low last week after missing estimates for the preliminary Q1 results. The giant air freight and logistics company employs over 440k people and has business opera...
Tag: FedEx
Bitcoin Slumps to Lowest Since Late 2020, Ether Tumbles on Fed Jitters
Text size Bitcoin, the world’s largest cryptocurrency, has declined nearly 60% this year. Dreamstime Bitcoin fell Monday and other cryptocurrencies followed it lower ahead of what’s expected to ...
Dow Futures Fall as Wall Street Anticipates Another Big Rate Hike From the Fed
Text size AFP via Getty Images Stock futures traded lower Monday in a week that is expected to see the Federal Reserve raise interest rates by another three-quarters of a point in its effort to stamp ...
FedEx warning that roiled stock markets may be ‘first in a series’
FedEx’s bad news for investors might be just the beginning. The package delivery giant roiled stock markets with a profit warning Thursday evening that sent its shares plunging more than 20% the next ...
U.S. Stocks Poised for Mixed Open on Monday
Stocks were poised for a mixed open in New York on Monday ahead of the Federal Reserve’s monetary policy meeting. (Photo by ANGELA WEISS/AFP via Getty Images) AFP via Getty Images Text size U.S....
Goldman Sachs: Why European Natural Gas Could Fall by 50%
Illustration by Elias Stein Text size Here’s a challenge to the conventional wisdom, courtesy of Goldman Sachs : Europe has “solved” its winter natural-gas crisis, and prices could drop by half in the...
The Latest U.S.-China Worry: Another Ramp-Up in the Tech Cold War
Text size Wang Zhao/AFP via Getty Images The already-fractured U.S.-China relationship could worsen as the U.S. rolls out more restrictions aimed at curbing China’s access to technology and investment...
There’s No Way I’d Buy FedEx Here: I’d Rather Trade UPS
Global recession! That’s the implication. The situation is this. FedEx (FDX) released on Thursday evening preliminary results for the firm’s fiscal quarter, which ended August 31st. The fi...
FedEx CEO Warns of Upcoming Global Economic Downturn
FedEx’s performance in the first quarter fell short of expectations. Jamie Dimon, CEO of JPMorgan expressed similar concerns a few weeks back. FedEx CEO Raj Subramaniam predicted a worldwide economic ...
The Economy Is Slowing Down. What It Means for the Fed.
Fed Chair Jerome Powell has warned that the central bank’s tighter monetary policy will be painful. The latest data confirm he’s right. Ting Shen/Bloomberg Text size For Jerome Powell’s Fe...
Stock Market Closes Lower After FedEx Issues Warning; All Eyes On Next Week’s Fed Rate Hike
The stock market closed lower Friday after FedEx (FDX) issued a warning about its earnings and the economy. The tech-heavy Nasdaq composite led the downside. FedEx’s 21% decline and energy stock...
Dow Futures Tumble 250 Points after FedEx Recession Warning, Continuing Big Losses for Week
Dow futures and multiple other major averages fell on Friday following gloomy FedEx figures even as a possible recession looms. Futures tied to the Dow and other leading US stock indexes plunged on Fr...
FedEx’s Problems Do Not Signal A Recession (Or A Bear Stock Market)
FedEx competition (and then there is Amazon) getty He may be new at the job, but FedExFDX CEO Raj Subramaniam should know better. With 2nd quarter 2022 sales up 5.5% over the same quarter in 2021, the...
Why Is the Stock Market Down? It Knows the Worst Is Yet to Come.
Text size NYSE From a certain point onward, there is no turning back. The stock market reached that point this past week. Oh, the market was hopeful, entering the week, that inflation had reached its ...
Dow Down 100 Points As Rattled Investors Close Worst Week Since June
Topline The stock market wrapped up a dismal week with a slight Friday dip, driven by a gloomy outlook from FedEx, as investors remain spooked by inflation data and rate hike expectations. Stocks had ...
How Powell and the Fed may react to FedEx warning
CNBC’s Jim Cramer on Friday said that FedEx‘s warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected — meaning the cent...
FedEx Warns On Global Growth, But How Good Is Its Forecasting Track Record?
NEWARK, NJ – DECEMBER 16: FedEx has warned on economic growth, but past pronouncements haven’t … [+] always been as bad as feared. (Photo by Andrew Burton/Getty Images) Getty Images ...
Should you buy FedEx shares on the recent weakness?
FedEx Corporation (NYSE: FDX) ended more than 20% down on Friday after the logistics company issued a “concerning” guidance for the future. Still, Michael Farr (President and CEO of Farr, Miller &...
FedEx CEO Raj Subramaniam argues his company’s struggles are a “reflection” of a global slowdown
Is a global recession on its way? Economists and investment banks have warned throughout 2022 that the global economy is slowing under the weight of persistent inflation and central bank interest rate...
FedEx, Adobe, Boeing and more
FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Courtesy: Fedex Check out the companies making headlines in midday trading. FedEx – Shares ...
Costco Stock Knocked Lower Ahead Of Quarterly Results; FedEx Warns, Shares Dives
Investors sent shares of Adobe (ADBE) sharply lower Thursday after the company offered up soft revenue guidance. Wall Street will be hoping for a different tune from retail stocks like Costco (COST) a...
FedEx Miss Is Worst Deutsche Bank Analysts Have Seen in 20 Years
(Bloomberg) — Wall Street analysts didn’t mince words in discussing FedEx Corp.’s forecast for the current quarter — which missed by a landslide — and its withdrawal of full-year gui...
FedEx CEO says he expects the economy to enter a ‘worldwide recession’
FedEx CEO Raj Subramaniam told CNBC’s Jim Cramer on Thursday that he believes a recession is impending for the global economy. “I think so. But you know, these numbers, they don’t po...
Dow Down 300 Points As Rattled Investors Look To Close Gloomy Week, FedEx Falls 23%
Topline Markets opened down Friday, driven by a gloomy outlook from FedEx, as investors remain spooked by inflation data and rate hike expectations. FedEx shares fell about 20% early Friday. AFP via G...
As FedEx stock crashes after brutal profit warning, analyst points to a lurking Amazon
FedEx has blown three tires before the peak holiday shipping season, and chatter on the Street is that mighty Amazon may have played a role. “It makes sense to see Amazon to trade off with this ...
‘Simply staggering.’ FedEx hit with downgrades, price target cuts as warning shocks Wall Street.
A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts. FedEx F...
FedEx, International Paper, Uber and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the wor...
Bulls Get Scorched by FedEx. Don’t Expect the Fed to Help.
Text size FedEx’s disappointing earnings and unexpectedly weak guidance were key factors in this past week’s stock market swoon. David Paul Morris/Bloomberg The stock market faces a doubly poisonous c...