CNN CNN Newsroom June 4, 2024 14:45:00
He says other companies over the past few months have noticed a slowdown in the economy, too. like walmart and target indicating they have too much inventory and amazon closing warehouses because they overbuilt. so fedex is just another canary in the coal mine. the announcement caused shares of fedex to tank 20%, also a frenzy in the broader market because fedex is seen as a barometer for the bigger economy. and the thinking is, if its doing poorly, then what does that mean for the economy as a ...
Source: archive.org