FedEx Stock Sinks After Company Cuts Outlook
Shares in FedEx (FDX) fell after the package-shipping company cut its full-year financial outlook. Late Thursday, FedEx also posted lower quarterly profit and revenue. Weaker-than-expected demand, particularly in the U.
Stock Market Today: Stocks Swing Lower After Fed's Jumbo Rate Cut
Stocks were choppy in the lead-up to today's Federal Reserve policy announcement. While the main indexes made a confident move higher after the central bank cut rates by a half-percentage point, a late-day burst of selling pressure sent them into the red at the close.
Mercedes stock falls after new profit warning
German auto manufacturer Mercedes-Benz fell sharply on the Frankfurt Stock Exchange on Friday after the group lowered its outlook on the back of weak sales in its key Chinese market.
TSX ends lower as Fed rate cut spurs profit taking
Canada's main stock index edged lower on Wednesday as lower oil prices weighed on energy shares and investors took stock of recent market gains, with some taking profit after the U.S. Federal Reserve began its interest rate cutting campaign.
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue in 1Q -- Update
FedEx cut its outlook after posting lower profit and revenue in its fiscal first quarter after weaker-than-expected demand, particularly in the U.S. domestic package market, dragged down its results.
FedEx Stock Falls After Shipper Slashes Full-Year Outlook
Key Takeaways FedEx lowered its revenue and earnings outlook for fiscal 2025.The company's fiscal first-quarter results missed analysts' expectations on the top and bottom lines amid weaker demand for its priority shipping services.
Breaking Down FedEx Earnings, Profit Outlook
Andrew Graham, managing partner at Jackson Square Capital, shares his take on FedEx's latest financial results and its prospects. The Memphis-based company cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
FedEx’s lower full-year forecast sinks its stock, as customers look to save on deliveries
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on its results.
FedEx First-Quarter Results Unexpectedly Fall Amid Demand Headwinds, Cuts Full-Year Outlook
FedEx's (FDX) fiscal first-quarter results unexpectedly declined year-over-year as the parcel delivery company grappled with weak demand trends. Adjusted per-share earnings declined to $3.60 in the three months ended Aug.
Stock Market Today: Dow Gains 522 Points in Fed-Fueled Session
The blue chip index closed above the psychologically significant 42,000 level for the first time ever Thursday.
Nvidia Just Made a 147% Profit Betting on This AI Stock
Less than a year ago, Nvidia plowed $3.7 million into SoundHound AI (NASDAQ: SOUN) stock. Shares have risen by 147% since ...
5 Things to Know Before the Stock Market Opens
U.S. stock futures rally after Fed's jumbo rate cut, Boeing furloughs staff, and FedEx reports results after the bell. Here's ...
Stock market today: Wall Street stays stuck in place as it counts down to a rate cut
U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to ...
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Boeing Supplier, IBD's Stock Of The Day, Breaks Out As Profit Margins Ratchet Up
Moog — a supplier to Boeing, Airbus and Lockheed Martin — is Thursday's IBD Stock Of The Day as the aerospace and defense ...
Nvidia's CEO Sold Over $700 Million in Stock. Should You Follow Suit?
Nvidia ( NVDA -1.02%) CEO and founder Jensen Huang has been consistently selling some of his shares for months now. Even ...
Stock market today: Wall Street’s best week of 2024 closes with indexes near their records
Asian stocks are mixed after U.S. stocks pulled closer to their records on economic reports that came in close to ...
Stock market today: Asian shares are mixed as Wall Street gears up for an interest rate cut
U.S. stock indexes are drifting closer to their records as Wall Street gears up for the most anticipated meeting of the ...
Treasury yields edge higher ahead of Fed’s rate decision
Yields on U.S. government debt moved slightly higher Wednesday morning, as traders waited to see whether the Federal Reserve will begin its interest rate-cutting cycle with a 25- or 50-basis-point ...