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3 mins read

The biggest stock market winners and losers of the US port strike

"The longer this goes, the more the impact scales, and really it starts to scale exponentially," St…

Matthew Fox   


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5 mins read

Intel is having a meme-stock moment. 4 retail investors explain why they're betting on the chipmaker.

Members of Reddit's WallStreetBets are exchanging Intel memes and say they've taken stakes in the c…

Theron Mohamed   


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FedEx tumbles to lowest in a year after cutting its yearly outlook as a labor shortage sends costs soaring

First-quarter operating results were hurt by a $450 million increase in costs from a year earlier.

Carla Mozée   


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Air freight demand has cooled so much, FedEx is telling its pilots to fly for American Airlines instead

Demand for air cargo has slowed due to lower sea freight rates and the return of passenger flights …

Huileng Tan   


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These are the top 10 holdings of Bill Gates' $42 billion stock portfolio

The portfolio is unique in that it owns concentrated positions in less-heard-of companies, like Coc…

Matthew Fox   


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1 min read

Stock market today: Futures jump after Fed signals rate cuts are coming

Federal Reserve Chair Jerome Powell said he still expected to cut interest rates later this year de…

Theron Mohamed   


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US stocks falls as recession concerns rise on FedEx warning ahead of Fed's next rate hike

The Nasdaq slumped more than 5% for the week as investors prepared for the Federal Reserve to raise…

Carla Mozée   


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US stocks drop as FedEx's warning highlights recession concerns before the Fed's next rate hike

FedEx said it saw softness in global volume accelerate during the final weeks of its fiscal first q…

Carla Mozée   


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1 min read

Roblox has added nearly $26 billion to its market cap as metaverse mania pushes its value past brands like FedEx and Ferrari

CEO David Baszucki told Bloomberg Roblox could eventually be used to facilitate a frog dissection i…

Natasha Dailey   


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1 min read

UPS jumps 12% after revenue and earnings beat estimates amid an e-commerce surge

UPS turned in revenue of $22.91 billion and EPS of $5.47 in its first-quarter earnings release on T…

Will Daniel   


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1 min read

Warren Buffett lost a bet on a college-football game. He paid up by shipping a decades-old $5 bill using FedEx.

Warren Buffett lost a bet with Chevron CEO Mike Wirth on the outcome of a Nebraska-Colorado footbal…

Theron Mohamed   


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2 mins read

FedEx climbs as strong e-commerce demand during an 'unprecedented' holiday season drives earnings beat

FedEx said the increased volume of packages offset its higher labor costs and weather-related expen…

Isabelle Lee   


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2 mins read

Warren Buffett is eager to invest $80 billion. That's enough to buy GM, FedEx, or Activision Blizzard.

The famed investor's company could easily afford Twitter, Chipotle, Ford, eBay, and other blue-chip…

Theron Mohamed   


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FedEx skyrockets 17% on surprise revenue beat and a slew of Wall Street upgrades

More than a dozen Wall Street analysts rushed to upgrade their FedEx price targets following the co…

Carmen Reinicke   


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FedEx says it's rerouting more than 600,000 packages a day because it can't find enough staff to process them

A FedEx hub in Portland, Oregon, was down 35% of the staff it needed to handle normal volume, and w…

Grace Dean   


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2 mins read

FedEx boss tells the US to brace for stagflation because there aren't enough workers to meet juiced-up demand

"You simply do not have the workers to meet the demand that's been juiced by the printing of money,…

George Glover   


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3 mins read

Sensex, Nifty50 to open in the green amid positive global cues – Reliance, Adani Enterprises, Sula Vineyards among stocks in focus

The markets are likely to open on a positive note on Thursday, amid positive cues in the US and Asi…

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1 min read

FedEx slumps as the carrier beats earnings estimates but says costs tied to increased shipping demand and labor are soaring

After a long run of strong earnings, FedEx disappointed some analysts by coming in just a few cents…

Ethan Wu   


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Don't blame Amazon for FedEx's stock free fall

FedEx bought the European package giant in 2016 for a whopping $4.4 billion, but integrations of th…

Rachel Premack   


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2 mins read

FedEx shares sink over 24% after the delivery giant ditches its earnings outlook and warns of a worsening global economy

The air delivery and shipping company warned that shipping volumes were declining due to an economi…

George Glover