FedEx is in ‘penalty box’ after profit warning: Strategist

James G. Cole

FedEx’s (FDX) earnings warning and full year guidance retrieval put concerns about the economy into the forefront. The pre-earnings announcement also highlights the severity of the challenges facing the U.S carrier. “To categorize the magnitude, I don’t think it’s an understatement to say its extreme,” Jonathan Chappell, Evercore ISI senior […]

Survey finds 50% of companies want to cut headcount

James G. Cole

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, August 19, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]