FedEx plans up to $2.7 billion in cost cuts, higher shipping rates as demand weakens
admin FedEx Corp. on Thursday announced between $2.2 billion and $2.7 billion in cost savings for…
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FedEx plans up to $2.7 billion in cost cuts, higher shipping rates as demand weakens
FedEx Corp. on Thursday announced between $2.2 billion and $2.7 billion in cost savings for…
Read MoreNovavax stock extends plunge after J.P. Morgan turns bearish, on expectations of more guidance cuts
Shares of Novavax Inc. NVAX, -11.25% slumped 7.1% in morning trading Thursday, to extend their…
Read MoreTurkey’s central bank cuts policy interest rate to 12% in surprise move
The Turkish central bank on Thursday made a surprising move as it reduced its benchmark…
Read MoreAlmost 100 Facebook janitors laid off as Silicon Valley service-worker cuts continue
Nearly 100 Facebook janitors were laid off from the tech giant’s California offices Friday, two…
Read MoreZoom Video cuts earnings and revenue outlook for the year, stock falls
Zoom Video Communications Inc. executives trimmed their annual outlook Monday afternoon, sending shares lower in…
Read MoreFord confirms job cuts to pay for EV transition: WSJ
Ford Motor Co. F, -4.38% has confirmed layoffs affecting about 3,000 jobs mostly in the…
Read MoreChina’s central bank cuts key policy rates
China’s central bank on Monday cut key policy interest rates, a move that could provide…
Read MoreOPEC cuts 2022 oil demand-growth forecast, citing COVID, geopolitical worries
The Organization of the Petroleum Exporting Countries on Thursday cut its forecast for oil-demand growth…
Read MoreSiemens cuts outlook after swinging to $1.71 billion loss
Siemens AG cut the outlook for earnings per share for the full fiscal year after…
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