India-born FedEx CEO to get 2023 Horatio Alger Award
New York, Jan 24 (IANS) India-born Raj Subramaniam, President & CEO of FedEx Corporation (NYSE:FDX), has received the 2023 Horatio Alger Award -- given to "esteemed individuals" who overcome...
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FedEx News & Analysis
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Logistics is now a critical enabler of a company's customer responsiveness: Kami Viswanathan, FedEx Express
For consumers, the brand experience has now extended into backend operations of transportation and logistics
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FedEx to trim more Sunday deliveries – Insider
(Reuters) – FedEx Corp will cut more of its Sunday deliveries in March, Insider reported on Tuesday, citing an internal memo.
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FedEx India deploys EVs to achieve goal of zero-emissions last-mile delivery
New Delhi, Jan 10 (IANS) Transportation company FedEx (NYSE:FDX) Express (FedEx) on Tuesday, deployed 30 TATA Ace EVs in Delhi to advance the sustainability goal of zero-emissions last-mile...
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27 Indians abroad to receive Pravasi Bharatiya Samman
New Delhi, Jan 3 (IANS) Guyana President Mohamed Irfaan Ali and renowned Canadian scientist Dr Vaikuntam Iyer Lakshmanan are among 27 recipients of the 2023 Pravasi Bharatiya Samman Award --...
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Amazon looks to sell excess air cargo space as demand cools
The e-commerce retailer, which has a fleet of about 100 planes in the US and Europe, in recent months has hired executives with experience marketing cargo space for airlines.
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FedEx, UPS warn severe winter storm could delay holiday packages, and airlines ax more flights
High winds, snow and bitter cold are threatening holiday package deliveries before Christmas.
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FedEx warns winter storm may delay some holiday deliveries
(Reuters) – FedEx Corp said on Friday customers can expect potential delays for some package deliveries across the United States, as a powerful winter storm hits the country. The...
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Thursday’s Top Analyst Upgrades and Downgrades: Carvana, FedEx, First Solar, Nike, Palantir, Starbucks, Target, Workday and More
Thursday's top analyst upgrades and downgrades included Carvana, FedEx, First Solar, Generac, Nike, PagSeguro Digital, Palantir Technologies, Redfin, Regions Financial, Starbucks, Target and...
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Nifty Set to Open Higher Amid Strong Global Cues; Dow Futures, SGX Nifty Up
By Malvika Gurung Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50, traded 0.52% or 94 points higher at 8:54 am on Thursday,...
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Stock market today: Dow delivers swashbuckling gains as Nike beats expectations
By Yasin Ebrahim Investing.com -- The Dow jumped for a second-straight Wednesday, led by...
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S&P 500 rides tech rally higher as consumer strength soothes recession fears
By Yasin Ebrahim Investing.com -- The S&P 500 jumped Wednesday, underpinned by dip-buying in...
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FedEx cost cuts stanch losses, analysts see need for more
LOS ANGELES (Reuters) – FedEx’s plan to slash almost $4 billion in expenses has begun sheltering profits, but analysts say the uncertain economy points to the need for more surgical cuts...
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FedEx gains on 'better-than-feared' quarter, Goldman flags conservative guidance
By Senad Karaahmetovic Shares of FedEx (NYSE:FDX) are up nearly 5% in pre-open Wednesday after the company delivered better-than-feared earnings and guidance. FedEx {{erl-262||posted...
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Nike, FedEx, Six Flags and Rite Aid rise premarket; Starbucks falls
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Wednesday, December 21st. Please refresh for updates. Nike (NYSE:NKE) stock rose 11.7% after the world’s...
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Dow futures rise 265 pts; strong results from Nike, FedEx help
By Peter Nurse Investing.com -- U.S. stocks are seen opening higher Wednesday, boosted by solid earnings from corporate giants Nike and FedEx as investors seek to close a rough year on a...
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Market Snapshot: Dow futures climb over 200 points after Wall Street snaps a losing run
U.S. stock futures advanced on Wednesday, with Wall Street poised to build on its climb out of a four-straight losing hole.
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FedEx slides on revenue miss, earnings tops expectations
By Sam Boughedda After a 2.63% fall in the regular session, FedEx (NYSE:FDX) shares have declined in extended trading Tuesday after it reported its fiscal second quarter results, topping...
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FedEx Tops Q2 EPS by 37c, Revenues Miss
FedEx (FDX) reported Q2 EPS of $3.18, $0.37 better than the analyst estimate of $2.81. Revenue for the quarter came in at $22.8 billion versus the consensus estimate of $23.71...
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FedEx earnings sink as soft demand persists
FedEx outlined a cost-cutting plan in September that included parking planes and closing some offices. It also raised package-delivery rates.
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Dow futures up 10 pts; FedEx, Nike earnings in focus
By Peter Nurse Investing.com -- U.S. stocks are seen opening largely unchanged Tuesday, stabilizing after recent losses as investors fretted that the Federal Reserve's aggressive policy...
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Earnings Previews: BlackBerry, FedEx, FuelCell Energy, Nike
Two of the four companies reporting quarterly results Tuesday (one of them a Dow component) are expected to provide a glimpse into consumer confidence for the current holiday season.
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FedEx (NYSE:FDX) Q2 Preview: What’s Ahead Amid Dwindling Demand?
FedEx (NYSE:FDX) will report its Q2 financial results for Fiscal 2023 on December 20. Given the economic weakness, reduced demand, and ocean and ai...
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: FedEx and Nike earnings will hold vital hints on holiday-shopping strength
After investors raced for the exits following their last earnings reports, FedEx and Nike will try it again in the week ahead.
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Six Indians charged in multimillion-dollar tech scam in US, Canada
New York, Dec 18 (IANS) Five Indian men and a woman have been charged in connection with a transnational technical support scam that targeted more than 20,000 victims, many of them elderly,...
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Jim Cramer’s week ahead: Earnings and economic data should give clues on Fed policy
Wall Street is growing increasingly concerned that the Fed's rate-hiking campaign will tip the U.S. economy into a recession.
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The Ratings Game: Why FedEx stock can still win even as ‘the market has given up hope’ on shipper
Bernstein analyst David Vernon sees potential for FedEx's stock to be a winner next year, despite a bleak view of the name on Wall Street.
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Athena Strand's mother claims, FedEx courier accused of killing 7-year-old daughter, delivered Christmas present before kidnapping her
Athena Strand's mother Maitlyn Gandy called for stricter checks of the background. On delivery drivers. The Barbie dolls' box, emblazoned with the words "You can be anything," stood next to...
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Indian national in US gets 5 years jail for call centre fraud
New York, Nov 9 (IANS) Waseem Maknojiya, a 38 year-old Indian national, has been sentenced to five years in prison by a Texas court for committing mail fraud and duping customers via Indian...
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Microsoft Cloud exceeds $25 bn in sales, GitHub at $1 bn ARR: Nadella
New Delhi, Oct 26 (IANS) Microsoft-owned GitHub has an annual recurring revenue of $1 billion with over 90 million active users, said Satya Nadella, Chairman and CEO of Microsoft...
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Today's Most Important Downgrades
By Davit Kirakosyan Bank of America downgraded Meta Platforms Inc (NASDAQ:META) to Neutral from Buy and lowered its price target to $150 from $196 ahead of the company’s Q3 release....
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Tesla, Meta Platforms, Alibaba Fall Premarket; Walmart, WeWork Rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Monday, October 24th. Please refresh for updates. Tesla (NASDAQ:TSLA) stock fell 2.2% after the electric car...
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Oracle launches B2B Commerce service to cut cost of doing biz
Las Vegas, Oct 19 (IANS) Cloud major Oracle (NYSE:ORCL) on Wednesday launched a new service that will integrate and automate end-to-end business-to-business (B2B) transactions.Oracle B2B...
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Earnings Are Looking Bad. But What’s Coming Could Be Even Worse
(Bloomberg) -- Wall Street is bracing for a rough earnings season as macroeconomic issues weigh on profit margins. But even if third-quarter results aren’t so bad, the bigger fear is what...
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Here's What to Expect from Q3 Earnings Season as per Goldman Sachs
By Senad Karaahmetovic Goldman Sachs' equity strategists believe the focus during upcoming Q3 earnings calls would be on the impact of a stronger dollar on profits. Big banks are about to...
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FedEx Shares Likely to Trade in a Range Around $150 - Citi
By Sam Boughedda Citi analysts told clients in a research memo Wednesday that FedEx (NYSE:FDX) shares are likely to trade in a near-term range at around $150. The analysts, who maintained a...
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Today's Most Important Buybacks
By Davit Kirakosyan FedEx Corp. (NYSE:FDX) shares rose more than 5% today following the company’s announced accelerated share repurchase agreement (ASR) with Morgan Stanley & Co....
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UPS Earns a Street-Low Price Target on FedEx-like Reset, Amazon Risks
By Senad Karaahmetovic Morgan Stanley analysts slashed the price target on United Parcel Service (NYSE:UPS) to $100 per share (from $148), the lowest on the Street alongside...
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FedEx earnings beat, Revenue misses in Q2
Investing.com - FedEx (NYSE:FDX) reported on Tuesday second quarter {{erl-262||earnings that beat analysts' forecasts and revenue that fell short of expectations. FedEx announced earnings...
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FedEx PT Halved at Morgan Stanley, 'Numbers Need to Stop Falling First'
By Vlad Schepkov An analyst from Morgan Stanley halved his price target on FedEx (NYSE:FDX) from $250 to $125, while maintaining an 'Equal-Weight' rating, following the company’s...
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Stock Market Today: Dow Bears Sharpen Claws as Recession Fever Spikes
By Yasin Ebrahim Investing.com -- The Dow closed sharply lower on the week and briefly fell into bear-market territory Friday as investors fret about the potential of a deeper and darker...
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Dow Plunges into Bear Market as Recession Fears Rattle Investors
By Yasin Ebrahim Investing.com -- The Dow plunged to a new low for the year and into bear-market territory on Friday as the post-Federal Reserve wave of selling intensified led by a rout in...
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U.S. Stocks Tumble on Fear of Global Economic Slowdown
By Liz Moyer Investing.com -- U.S. stocks tumbled in early trading, with the Dow breaching below 30,000, on increased worry about a global economic slowdown. At 9:40 ET (13:40 GMT), the Dow...
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Costco, FedEx, Boeing Fall Premarket; Raytheon, FuboTV Rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, September 23rd. Please refresh for updates. Costco (COST) stock fell 2.5% after the big-box retailer reported a...
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Costco, FedEx, Boeing Fall Premarket; Raytheon, Fubotv Rise
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, September 23rd. Please refresh for updates. Costco (NASDAQ:COST) stock fell 2.5% after the big-box retailer...
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