In this photo FedEx logo is seen in Washington D.C., United States on February 16, 2023. Celal Gunes | Anadolu Agency | Getty Images FedEx on Thursday hiked its full-year earnings forecast as it said cost-cutting measures offset continued demand weakness at units including FedEx Express. FedEx now… Read Full Article Here CNBC
FedEx Express pilots picket outside the New York Stock Exchange (NYSE) in New York, on Monday, Sept. 26, 2022. Michael Nagle | Bloomberg | Getty Images The union representing FedEx pilots unanimously approved a strike authorization vote last week, according to a Wednesday press release. Contract negotiations between FedEx management and the FedEx Express Master […]
An Amazon-branded Boeing 767 freighter, nicknamed Amazon One, flies over Lake Washington during the Seattle Seafair Air Show on Aug. 5, 2016 in Seattle. Getty Images One of Amazon‘s key air cargo operators said Monday that the e-commerce giant is scaling back on flights this year, citing lower demand and slower economic growth. Air Transport […]
Pristine Floyde searches for a friend’s suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty Images Southwest Airlines stabilized its schedule over the weekend after about 16,000 cancellations since late last month, but its systemwide holiday meltdown could cost it […]
An American Airlines plane is de-iced as high winds whip around 7.5 inches of new snow at Minneapolis-St. Paul International Airport Thursday, December 22, 2022. Star Tribune Via Getty Images | Star Tribune | Getty Images U.S. flight cancellations eased on Saturday but federal officials warned that disruptions could continue as severe winter storms snarled […]
FedEx and United Parcel Service warned that packages could be delayed as a massive winter storm brought high winds, bitter cold and snow to large swaths of the U.S. ahead of Christmas weekend. The severe weather was already snarling air travel during what is expected to be a busy week for airlines. “FedEx Express experienced […]
CNN — The new sexual assault charges filed against the delivery driver suspected of kidnapping and killing 7-year-old Athena Strand in Texas earlier this month date back to three separate incidents in 2013, charging documents show. An investigation by the Fort Worth Police Department determined Tanner Lynn Horner allegedly sexually assaulted children under the age […]
Check out the companies making headlines before the bell: Rite Aid (RAD) – Rite Aid jumped 8.4% in the premarket after reporting a smaller-than-expected loss and revenue that beat Wall Street forecasts, helped by accelerated sales growth at its retail operations. However, the drugstore operator lowered its full-year guidance due to various issues, including seasonal […]
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Santa Claus rally may be here early ‘Buy things that nobody wants’ We still like Starbucks Alphabet’s smart play for NFL package 1. Santa Claus rally may be here early […]
Here are Wednesday’s biggest calls on Wall Street: Citi reiterates Apple as buy Citi said it sees several reasons that Apple stock is likely trade higher. “More recently shares have been underperforming as concerns on production shortages during a very important holiday season as well as macro consumer woes (inflation, recession) could depress demand.” Jefferies […]