The recent earnings report from FedEx has sent shockwaves through the financial markets, raising serious concerns about the health of the broader economy. The company, often considered a bellwether for the US and global economies, has reported weaker-than-expected results, primarily due to a decline in industrial shipments. This article will …
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The earnings-related warning -announced by FedEx last week caused most stocks to crash 20% by the closing bell on Friday.FedEx was founded in 1971 by billionaire businessman Fred Smith. Friday’s warning has a definite meaning, that is the US economy is currently challenging.However; analysts are split into two groups, the …
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US stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an alarming warning from FedEx concerning earnings and slowdown of the global economy. The Dow Jones Industrial Average dropped 306 points, or 1%. The S&P 500 and Nasdaq Composite slid 1.2% and 1.6%, respectively.Shares …
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