[ad_1] Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains on watch this morning after announcing a 6.9% increase in shipping rates and plans to cut another $4 billion in annual costs. FedEx fell 3.2% in the premarket. Costco (COST) – Costco lost 3.3% in …
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[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, September 9, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Is this week over yet? U.S. stock futures fell …
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[ad_1] A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results were hit by weakening global demand. Shares …
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[ad_1] A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader …
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[ad_1] Intuit sees strong consumer spending despite persistent inflation dogging the economy, company CEO Sasan Goodarzi told CNBC’s Jim Cramer on Monday. Goodarzi noted that the financial software firm is able to see consumer spending, the number of employees that businesses have hired and the number of hours they’ve worked. …
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