FedEx shares register 13% decline amid trade tensions

FedEx shares register 13% decline amid trade tensions

A 13% drop was registered in the shares of FedEx Corp, with the package delivery company reducing its 2020 profit outlook. Trade tensions and the split with Amazon.com, which was its client but has now become its competitor, have been described as the reasons behind the reduced profit outlook. Many brokerages also cut their price targets, subsequently.

David
David
Miles O'Brien
Miles O'Brien 5 months

Now the USPS can show a profit again! Oh, I guess that's probably wrong, because... MAGA!

Michael Tatom
Michael Tatom 5 months

No mention of USPS or UPS profits? Wouldn’t they have a similar drop?

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