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 […]
Barracuda helps customers accelerate their digital business transformation with Cybersecurity and Data Protection solutions
At Secured.22 Customer Conference Barracuda showcases innovations in Email Protection, Zero Trust Access, and Managed XDR CAMPBELL, Calif., Sept. 13, 2022 /PRNewswire/ — Barracuda Secured.22 Conference — Barracuda, a trusted partner and leading provider of cloud-first security solutions, coming off its recent in person customer event, TechSummit22, kicks off Secured.22, […]
Naspers confirms move of Tencent shares to Hong Kong clearing system
South Africa’s Naspers internet group has moved a $7.6bn chunk of its stake in Tencent to Hong Kong’s clearing and settlement system in order to smooth future sales of the shares to fund a stock buyback. Naspers, Tencent’s biggest shareholder, said in a statement that it had moved the block […]
Ninja accused of using “mental health as a marketing strategy” after announcing return to streaming
After fans feared he was taking time off to tackle a mental health crisis, streamer Tyler “Ninja” Blevins has returned to announce he’ll now be streaming everywhere. Last week, Ninja tweeted “I just need a break… I don’t know when I will be back, or where”, removed his profile […]
UK retail sales plunge, underlining risk of recession
A man carries a Union Jack themed shopping bag as he walks along an empty shopping street in Blackpool, Britain, March 9, 2021. REUTERS/Phil Noble/File Photo Register now for FREE unlimited access to Reuters.com Register UK retail sales drop 1.6% m/m in August vs 0.5% forecast ONS says all retail […]
One inflation-fighting move Biden has dropped
Some things in Washington happen with fanfare and hyperbole. Others slip by when the press corps leaves for vacation and skeleton crews are manning the wires. When the White House announced President Biden’s student-debt relief plan on Aug. 24, for instance, it was a major media event. White House staffers […]