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FedEx warns of a global recession, cutting sales forecast by half a billion dollars

Shares of FedEx (FDX) plunged 21% Friday — the biggest one-day drop in its history — after the company warned late Thursday that a slowing economy will cause it to fall $500 million short of its revenue target. The weakening global economy, particularly in Asia and Europe, has hurt FedEx’s […]
FedEx warns of a global recession, cutting sales forecast by half a billion dollars