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

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 | 230 dias atrás

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 | 570 dias atrás

Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street

Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.

RTTNews | 23 minutos atrás

U.S. Labor Productivity Surges 2.4% In Second Quarter

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday.

RTTNews | 30 minutos atrás

U.S. Weekly Jobless Claims Rise More Than Expected

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd.

RTTNews | 36 minutos atrás

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.

RTTNews | 1h 4min atrás

CAC 40 Remains Firmly Up; ArcelorMittal Rises Over 7%

French stocks are up in positive territory on Thursday, despite concerns about the impact of U.S. tariffs that come into force today. Investors are largely focusing on earnings, and digesting the Bank of England's interest rate decision.

RTTNews | 1h 6min atrás

Pound Rises Against Majors

The British pound strengthened against other major currencies in the European session on Thursday.

RTTNews | 1h 21min atrás

EURUSD	1.16478	GBPUSD	1.34197	AUDUSD	0.65279
USDJPY	147.243	USDCAD	1.37369	USDCHF	0.80796

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