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New York Times (September 16)

2022/ 09/ 16 by jd in Global News

“Pessimism is deepening as bellwether companies like FedEx and General Electric warn of worsening economic and business conditions.” On Friday, stocks declined, “ending one of the worst weeks of the year for Wall Street.” This may just be the start of bad news. “A parade of prominent investors and corporate executives made it clear that they believed the worst was yet to come for the economy and financial markets.”

 

Markets Insider (April 7)

2022/ 04/ 09 by jd in Global News

Investors are punishing transportation stocks “in the face of sky-high fuel prices and slowing growth.” Since hitting a November high, the Dow Jones Transportation Average has fallen 20%, “the technical definition of a bear market.” Often seen as “a bellwether for the health of the underlying economy, the index is comprised of “transportation stocks, from logistics companies such as FedEx and UPS, airlines, to railroad operators like Union Pacific.”

 

Wall Street Journal (March 20)

2019/ 03/ 22 by jd in Global News

“Global investors, who have enjoyed an excellent start to 2019, received some unsettling news from FedEx Corp.” The “weak results from the shipping giant bode poorly for the global economy, and investors don’t seem ready for a slowdown.”

 

Wall Street Journal (November 4)

2013/ 11/ 05 by jd in Global News

By year end, the U.S. is likely to unseat Russia and become the second largest global producer of liquid fuels. The U.S. is now well positioned to escape the capricious yoke of OPEC and “even could surpass Saudi Arabia to become the leading global producer within the next decade.” Former Secretary of State George Schultz and FedEx CEO Fred Smith write, the nation’s leaders should “embrace both the supply revolution now well under way and the emerging demand revolution in oil-displacement technology that, together, promise a more secure and prosperous future.”

 

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