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 | 217 days ago

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 | 557 days ago

U.S. Dollar Firms On Easing Trade Tensions

The U.S. dollar advanced against its major counterparts in the New York session on Friday, as investors awaited trade talks between the country and key trading partners.

RTTNews | 1h 15min ago

Swiss Market Ends Notably Lower

The Switzerland market ended notably lower on Friday as uncertainty about Trump administration's tariff decisions and a few disappointing earnings updates weighed on sentiment.

RTTNews | 4h 45min ago

European Stocks Close Lower On Trade Deal Concerns, Some Weak Earnings Updates

European stocks closed broadly lower on Friday, weighed down by concerns about the progress of trade negotiations, and some disappointing earnings updates. Investors also digested a slew of economic data from the region.

RTTNews | 5h 17min ago

Russia Slashes Interest Rates Again On Easing Price Pressures

Russia's central bank lowered the key interest rate massively for a second policy session in a row on Friday after policymakers assessed that inflationary pressures are declining and the economy is on a return to balanced growth.

RTTNews | 8h 19min ago

Bay Street Seen Opening With Negative Bias

Canadian shares are likely to open with a slightly negative bias Friday morning, weighed down by uncertainty about tariffs, and lower bullion prices. Investors are also likely to react to earnings updates. The market is likely to move in a tight range for much of the day's trading session.

RTTNews | 9h 29min ago

UK Retail Sales Rebound As Warm Weather Boosts Spending

UK retail sales recovered in June as warm weather boosted consumer spending but consumer sentiment weakened amid fears of possible tax rate hikes, data showed Friday. Retail sales grew 0.9 percent on a monthly basis, in contrast to the revised 2.8 percent drop in May, the Office for National Statistics reported. However, this was weaker than economists' forecast of 1.2 percent gain.

RTTNews | 9h 46min ago

EURUSD	1.17392	GBPUSD	1.34301	AUDUSD	0.65644
USDJPY	147.66	USDCAD	1.37012	USDCHF	0.79532

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