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1 min read

FedEx boss warns of a 'worldwide recession' and outlines plans to close stores, freeze hiring, trim hours, and park planes to cut costs

Shares of FedEx cratered 21% Friday morning after its announcement of a major decline in shipment v…

Tim Levin   


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4 mins read

Nike, FedEx, and 24 other companies with $77 billion of combined income have avoided paying taxes for years, a new report found

55 of America's biggest companies paid $0 in federal taxes last year. A new study breaks down looph…

Grace Kay   


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2 mins read

Sensex, Nifty50 fall for the third consecutive day due to rising Covid concerns – all sectors except IT decline

Indian benchmark indices Sensex and Nifty50 closed in the red on Thursday, a day after the Reserve …

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2 mins read

Dow soars more than 800 points and US stocks snap weekly losing streak as investors assess Fed's course of future rate hikes

A pullback in bond yields this week helped the tech-rich Nasdaq Composite push up nearly 7% for the…

Carla Mozée   


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2 mins read

US stocks rise to shoot for a weekly gain as recession concerns lead to softening bond yields

Bond yields dropped sharply this week, helping to put stocks on course for a weekly gain for the fi…

Carla Mozée   


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US stocks jumps as upbeat earnings from Nike show resilient consumer spending

Nike jumped 13% in early Wednesday trades after the company said footwear and apparel sales rose 25…

Matthew Fox   


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3 mins read

Biden is picking a fight on corporate taxes with Disney, Fedex, and others. Senate Democrats may go easier.

The brawl could be "ugly as hell," a former Democratic aide said, as former Senate Democrats who ar…

Joseph Zeballos-Roig   


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2 mins read

A 100 year-old stock market indicator is flashing bearish signals that point to more pain ahead for investors

Divergences between the Dow Jones Industrial and Transportation Averages keep intact a bearish sign…

Matthew Fox   


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3 mins read

FedEx is so slammed with online orders that it's reportedly capping shipments from major retailers like Nordstrom and Hobby Lobby

If your online order from Nordstrom, Kohl's, Bed Bath & Beyond, DSW, or Hobby Lobby is taking ages …

Rachel Premack   


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2 mins read

Here comes FedEx...

"While we agree valuation is tempting, management will have to provide a clearer picture for improv…

Rebecca Ungarino   


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2 mins read

Salesforce CEO Marc Benioff created a ragtag corporate alliance to source 50 million pieces of medical gear in 10 days

The billionaire's team roped in Alibaba, FedEx, Walmart, and Uber to find and deliver masks and gow…

Theron Mohamed   


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3 mins read

Extreme weather across the US is snarling operations for companies including Walmart, GM, and FedEx

Walmart said it closed more than 500 locations, while General Motors and Ford halted production in …

Allana Akhtar   


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1 min read

Coinbase is officially worth more than GM, FedEx, and Twitter after its market debut

The cryptocurrency exchange's market capitalization peaked at $112 billion, valuing it higher than …

Theron Mohamed   


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US stocks trade mixed as bond yields climb on the Bank of Japan's surprise hawkish policy pivot

The Japanese 10-year bond yields climbed higher Tuesday, and global rates markets all moved higher …

Phil Rosen   


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3 mins read

A 100-year old stock market indicator has tumbled into a bear market, sending a warning sign for the economy.

The Dow Jones Transportation Average is down over 20% from its record high. Some investors use it a…

Hamza Fareed Malik   


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2 mins read

US stocks continue sell-off as traders brace for more Fed rate hikes later this week

Last week, global equities saw their worst five-day stretch since June as investors anticipate anot…

Phil Rosen   


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1 min read

Amazon's price target cut by Morgan Stanley as the bank sees hiring pressure building and wage costs surging

Morgan Stanley still sees upside for Amazon's stock price as it keeps its overweight rating on the …

Carla Mozée   


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2 mins read

Stocks are set to be pummeled by more volatility as companies head into a season of weak earnings, Charles Schwab says

"We believe the weakness in expected earnings growth is early in its trip to an ultimate negative d…

Jennifer Sor   


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Russian shoppers swarm Ikea stores to stock up ahead of closures

Ikea is among a number of major US and European companies to halt services in Russia following the …

Mary Hanbury   


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2 mins read

US stocks still have more downside as the 'inflation shock ain't over,' Bank of America says

Bank of America said "new highs in yields = new lows in stocks." Yields are marching up as investor…

Carla Mozée