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 […]

One inflation-fighting move Biden has dropped

James G. Cole

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 […]

Cineworld drops more than 50% on bankruptcy report

James G. Cole

Britain’s Cineworld Group (CINE.L), the parent company of Regal Cinemas, is preparing to file for bankruptcy after struggling to climb back from pandemic lows, according to The Wall Street Journal. Share plunged on the news, down more than 50% in early morning trading. The report added that the company, which […]