FedEx shares plunged 21% in premarket trading Friday after it warned last Thursday that a slowing economy will cause it to fall $500 million short of its revenue target.
|
|
|
News: What you need to know about the markets | | | | FedEx cuts sales forecast by half a billion dollars, warning of a slowing economy | FedEx shares plunged 21% in premarket trading Friday after it warned last Thursday that a slowing economy will cause it to fall $500 million short of its revenue target. Read more » | | Why you can't buy stamps at this Post Office | The labor shortage has reached peak stupid: One post office's workers couldn't sell stamps. Read more » | | First on CNN: House Democrats push Biden to unleash even more emergency oil | A group of Democrats in Congress is calling on President Joe Biden to keep releasing oil from America's emergency oil stockpile through at least the end of the year. Read more » | | Dow falls after FedEx warns of global recession | US stocks fell on Friday morning after FedEx served investors a brutal pre-earnings announcement about the state of the global economy. Read more » | | The powerful motivator behind workers who want more | Rail workers, teachers, nurses, baristas. There is a powerful factor motivating these American workers to demand for more. Read more » | | Railroad strike averted after marathon talks reach tentative deal | Unions and management reached a tentative deal early Thursday that averts a freight railroad strike that had threatened to cripple US supply chains and push prices higher for many goods. Read more » | | | | | | | |
|
|
| 0.00 | | -103.95 | | 0.00 | 30,822.42 | | 11,448.40 | | 3,873.33 | 0.00% | | -0.90% | | 0.00% | YTD -15.18% | | YTD -26.82% | | YTD -18.73% | | | |
|
Biggest Winners | Iron Mountain Inc | +3.35% | | Newmont Corporation | +3.09% | | Lennar Corp | +2.67% | | D R Horton Inc | +2.15% | | Biggest Losers | FedEx Corp | -21.40% | | Westrock Co | -11.48% | | International Paper Co | -11.21% | | Packaging Corp of America | -11.01% | | | | | |
Hottest ETF | | | NYSE Market Volume | | | | | | |
Key Market Stats | Latest | Today's Change | | Oil | $85.33 | +0.23 / +0.27% | | Gold | $1,685.00 | +7.70 / +0.46% | | 10-yr | 3.45% | -0.01 | | Euro | $1.00 | +0.00 / +0.17% | | |
|
Hi, let us know what you think of this newsletter! | | Tell us what you want to read more of... and less of. Email your tips and feedback to MarketsNow@cnn.com | | |
|
|
|
| Tips, thoughts or questions are always welcome at MarketsNow@cnn.com | | Want to change how you receive these emails? You can unsubscribe from this list | | ® © 2022 Cable News Network Inc. A WarnerMedia Company. All Rights Reserved. You are receiving this message because you subscribed to CNN Business's "Markets Now" newsletter.
Our Mailing address is: Cable News Network, Inc. 1 CNN Center Atlanta, GA 30303 | | | | |
No comments:
Post a Comment