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FexEx warning hits risk assets

FexEx warning hits risk assets

The bad news continues to mount today in what was supposed to be a quiet day. It's turned out to be anything but that as we wait for the US election results.

FedEx is on the wires today with the CFO speaking at a conference and saying:

  • We're cutting back on the vendor headcount
  • We've deferred a number of projects
  • We don't have a full year earnings outlook for 2023
  • We're focused on right-sizing the air network

FedEx is an economic bellwether... Read More

Posted: Nov 8 2022, 19:38
Author Name: forexlive
Views: 112023

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