FedEx earnings miss could signal a slowing economy ...Middle East

News by : (News channel) -
By Chris Isidore, CNN (CNN) — FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. The company, sometimes seen as a bellwether for the US and global economies by investors, focused most of its concerns on industrial customers who ship goods to other businesses, not on consumers who make up the overwhelming majority of US economic activity. In fact CEO Rajesh Subramaniam said the company is seeing e-commerce shipments “start to grow again.” But the industrial customers are the source of worry for FedEx, and for investors, who sent shares of FedEx (FDX) down 14% on

Hence then, the article about fedex earnings miss could signal a slowing economy was published today ( ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( FedEx earnings miss could signal a slowing economy )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار