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FedEx issues ominous warning about the global economy, shares tumble, 16 Sep
"Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S." FedEx CEO Raj Subramaniam warned in the release.
Cost-cutting measures outlined by FedEx include reducing flights, temporarily parking aircraft, closing more than 90 FedEx office locations, and deferring hiring plans....
by Cat on Thu Sep 15th, 2022 at 11:18:40 PM EST
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