fedex on global recession

FedEx warning about global recession, cut sales forecast of  half billion dollars

Fedex warned that a international recession could be coming, as demand for packages around the arena tumbles. Shares of fedex (fdx) plunged 21% friday — the biggest one-day drop in its records,  after the corporation warned overdue thursday that a slowing economic system will cause it to fall $500 million brief of its revenue target. …

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