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.
"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong ...
Friday's big stock-market loser was FedEx Corp., with shares of the package-shipping company down 14% in recent trade, according to Dow Jones Market Data. What triggered such a precipitous drop? FedEx ...
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