US stocks were dealt another blow after FedEx warned that the economy was about to enter a ‘worldwide recession.’ Wall Street was already nervous that the Fed’s inflation fighting mission was going to trigger a recession, but now it seems corporate America is already showing signs that the economy is slowing.
FedEx
FedEx shares plunged the most in forty years after they had withdrawn their guidance. A weakening economy and rising competition from Amazon complicate how FedEx will perform this
16-09-2022 14:46 GMT
by Edward Moya