Federal Express To Lay Off Up To 2,000 Employees Amid Workforce Reduction Plan In Europe

FedEx Shares Down 7% On Weak Q4 Profit, Adj. Margin, Despite Positive Outlook

Shares of FedEx Corp. were losing around 6.4 percent in the pre-markt activity on the NYSE after the logistics major reported weak earnings and adjusted operating margin for the fourth quarter, even as revenues were higher. Looking ahead, the firm projects continued revenue and earnings growth momentum in June-through-December transition year. For calendar year 2026, the company expects higher...

RTTNews | 131 hari yang lalu

FedEx Study Reveals $126 Bln Contribution In Direct & Indirect Impact To Global Economy In FY25

FedEx Corp. has contributed $126 billion in direct and indirect impact to the global economy in fiscal 2025, according to the logistics major's annual Global Economic Impact Report. The company delivered $1.6 billion in direct and indirect impact in the Middle East, Indian Subcontinent, and Africa or MEISA region.

RTTNews | 364 hari yang lalu

FedEx Stock Up On Freight Spin Off, Despite Weak Earnings, Outlook Cut

Shares of FedEx Corp. gained around 9 percent in the extended trading on the NYSE on Thursday and is currently trading 8 percent higher on the pre-market activity after the logistics major announced its plan to spin-off its Freight division, and additional $500 million share buyback. Meanwhile, the company trimmed its fiscal 2025 earnings and revenue view after reporting weak results in its second

RTTNews | 682 hari yang lalu

FedEx Announces New Data-driven E-commerce Platform Fdx

FedEx Corp. announced the launch of a new digital platform, called fdx, in fall 2024 with a view to offer end-to-end e-commerce solutions for businesses of all sizes. By offering the first-of-its-kind data-driven commerce platform, the logistics major, which faces extreme competition from Amazon, aims to connect the entire customer journey by making it easier for companies to manage their supply..

RTTNews | 1023 hari yang lalu

Asian Markets Trade Mostly Lower

Asian markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as South Korean markets tumbled amid weakness in semiconductor stocks on concerns over returns on huge AI spending and mixed earnings and cautious forecasts from major US technology firms. Meanwhile, reports suggesting a possible de-escalation in the Middle East sent crude oil price tumbling.

RTTNews | 1 jam 5 menit yang lalu

Indian Shares Set To Extend Gains As Oil Prices Slump On US-Iran Peace Hopes

Indian shares look set to open higher on Tuesday, adding to recent gains as crude oil prices continued to ease amid hopes of a de-escalation in the Middle East conflict.

RTTNews | 1 jam 29 menit yang lalu

Thai Stock Market Due For Support On Tuesday

The Thai stock market has finished lower in five straight sessions, sliding more than 70 points or 4.4 percent in that span. The Stock Exchange of Thailand now sits just beneath the 1,510-point plateau although it may stop the bleeding on Tuesday.

RTTNews | 2 jam 4 menit yang lalu

Indonesia Stock Market May Remain Rangebound On Tuesday

The Indonesia stock market on Monday ended the two-day losing streak in which it had dropped more than 225 points or 4 percent. The Jakarta Composite Index now sits just beneath the 5,100-point plateau and it's expected to see little movement on Tuesday.

RTTNews | 2 jam 34 menit yang lalu

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