US EditionFedEx Execs Are Bracing for a $170M Tariff Hit
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In an unexpected turn of events, FedEx's shares fell by almost 6% in pre-market opening operations on Wednesday.According to the original report, this decline occurs after the revelation that current quarter profits are forecast to fall below market expectations.The company, which faces a volatile global demand environment, did not provide full annual earnings and forecasts, leading to uncertainty in the economic landscape.Impact of tariff polic…
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Fortune
FortuneFedEx warns of pain ahead with tariffs weighing on demand
FedEx Corp. warned that its profit would be worse than expected this quarter and declined to offer guidance for the rest of the year, underscoring the significant impact that President Donald Trump’s trade war continues to have on its business.
·Spokane, United States
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Total News Sources9
Leaning Left3Leaning Right2Center3Last UpdatedBias Distribution38% Left, 38% Center
Bias Distribution
- 38% of the sources lean Left, 38% of the sources are Center
38% Center
L 38%
C 38%
R 25%
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