FedEx Corp. on Tuesday said it planned to slash an extra $1 billion in costs beyond what it outlined in September, bringing those total expected cuts to roughly $3.7 billion, Read more
Tag: FDX
Veterans Day: Are banks open? Does USPS deliver mail?
It’s time to remember our veterans. Veterans Day is on Friday, Nov. 11. The holiday dates back to 1919, when President Woodrow Wilson, referring to it then as Armistice Day, Read more
UPS stock jumps after profit beat and affirmed outlook, as raised U.S. prices helped offset dip in volume
Shares of United Parcel Service Inc. got a nice lift Tuesday, after the package delivery giant came up a bit shy on revenue but beat profit expectations, and because the Read more
Dow drops 450 points to lowest level in nearly 2 years as rising bond yields hammer stocks
U.S. stocks fell for a fourth day on Friday, with the Dow Jones Industrial Average reaching a fresh low for 2022, as bond yields and the dollar rose in the Read more
There’s some good news amid the FedEx gloom, says analyst
Shares of FedEx Corp. fell Friday, as the package delivery giant’s warning of a disappointing earnings report didn’t go far enough, but some analysts found reason to be optimistic. The Read more
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 the fiscal year ahead, and said it would raise shipping rates for air and ground Read more
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 the fiscal year ahead and said it would raise shipping rates for air and ground Read more
FedEx earnings preview: Is it the company that’s struggling, or just the world?
Package-delivery giant FedEx Corp. reports full fiscal first-quarter results on Thursday, as the smoke clears following grim financials and cost-cutting plans issued last week that sent the company’s stock on Read more
Stocks end lower after FedEx warning, post weekly declines
Stocks fell Friday after FedEx Corp. FDX, -21.40% issued a profit warning that stirred fears of a global recession, but ended the day well off session lows. Major indexes booked Read more
Why FedEx’s stock plunge is so bad for the whole stock market
FedEx Corp.’s profit warning has cast a pall on the broader stock market, as a record plunge in the package delivery giant’s stock has helped trigger one half of a Read more