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

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 | Před 9 dny

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 | Před 327 dny

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 | Před 667 dny

European Stocks Close On Firm Note

European stocks closed higher on Wednesday, extending recent gains, amid hopes the U.S. government shutdown will end soon, possibly even by this Friday. Expectations of a rate cut by the Federal Reserve next month, and data showing a smaller than expected increase in Germany's consumer price inflation also contributed to markets' positive close.

RTTNews | Před 1 h 5 min

Bay Street May Open On Positive Note Again

Canadian stocks may open higher on Wednesday amid optimism about an end to the U.S. government shutdown. Firm European stocks and expectations of an interest rate cut by the Federal Reserve next month may also help underpin sentiment.

RTTNews | Před 5 h 28 min

FTSE 100 Pares Early Gains; SSE Soars 12%

After opening marginally higher and moving up a bit subsequently, the U.K. market's FTSE 100 slipped into negative territory on Wednesday, with investors looking for direction and largely refraining from making significant moves.

RTTNews | Před 6 h 46 min

CAC 40 Extends Gains To 3rd Straight Day, Rises Over 1%

French stocks are up in positive territory on Wednesday, extending gains to a third straight session, led by gains in financial and luxury sectors. Expectations of an interest rate cut by the Federal Reserve next month, and hopes that the government shutdown in the U.S. will likely end this week help underpin sentiment.

RTTNews | Před 7 h 43 min

DAX Climbs To 4-week High On Inflation Data, Earnings

Germany's DAX climbed to a four-week high on Wednesday with investors continuing to pick up stocks amid hopes the US government shutdown will come to an end soon, and expectations of an interest rate cut by the Federal Reserve in December.

RTTNews | Před 8 h 10 min

EURUSD	1.15922	GBPUSD	1.31391	AUDUSD	0.65439
USDJPY	154.611	USDCAD	1.39975	USDCHF	0.79725