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 | 222 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 | 562 days ago

French GDP Growth Beats Expectations

The French economy logged a faster-than-expected growth in the second quarter on recovering household spending, official data showed Wednesday. Gross domestic product grew 0.3 percent from a quarter ago, the statistical office INSEE showed on Wednesday. The economy was expected to grow at a steady pace of 0.1 percent in the second quarter.

RTTNews | 20 minutes ago

Singapore Central Bank Maintains Monetary Policy

Singapore central bank maintained its monetary policy on Wednesday after easing twice this year, as there are risks to growth from renewed trade conflicts and geopolitical shocks. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.

RTTNews | 1h 25min ago

European Shares Seen Higher With Earnings And Fed Decision In Focus

European stocks are seen opening a tad higher on Wednesday as investors brace for the Federal Reserve's rate decision and earnings from tech giants Microsoft and Meta later in the day.

RTTNews | 1h 45min ago

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | 1h 53min ago

European Economic News Preview: Eurozone GDP Data Due

Flash quarterly national accounts from the euro area and other major economies of the currency bloc are due on Wednesday, headlining a busy day for the European economic news. At 1.30 am ET, France's statistical office INSEE publishes GDP and consumer spending data. The economy is forecast to grow 0.1 percent sequentially, the same rate of growth as seen in the first quarter.

RTTNews | 2h 38min ago

Sensex, Nifty Modestly Higher As Investors Cheer Earnings

Indian shares were slightly higher on Wednesday as a slew of upbeat earnings offset uncertainty surrounding the delayed trade agreement between India and the U.S.

RTTNews | 2h 56min ago

EURUSD	1.15619	GBPUSD	1.33658	AUDUSD	0.65068
USDJPY	147.953	USDCAD	1.37669	USDCHF	0.80462

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