FedEx Shares Plunge 11% Amid Global Economic Uncertainty
FedEx shares plummeted 11% on Friday, wiping out gains from the previous week, as the parcel delivery firm cut its annual forecasts, fueling concerns about the health of US manufacturing. The company’s warning comes amid uncertainty triggered by President Trump’s sweeping tariffs on trading partners. CEO Raj Subramaniam expressed his concerns about navigating a “challenging … Read more