FedEx Corp
David Steiner, FedEx board member, tapped to lead U.S. Postal Service as postmaster general
FILE PHOTO: David Steiner, smiles while speaking at the OPEC Oil Embargo +40 conference hosted by Securing America’s Future Energy (SAFE) in Washington, D.C., U.S., on Wednesday, Oct. 16, 2013. Joshua Roberts | Bloomberg | Getty Images The U.S. Postal Service Board of Governors said Friday that it had selected former Waste Management CEO David […]
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Amazon to spend $4 billion on small town delivery expansion
Trucks travel through a flooded road while exiting from an Amazon delivery station in Carlstadt, New Jersey, U.S., on Tuesday, Oct. 13, 2020. Bloomberg | Bloomberg | Getty Images Amazon said Wednesday it plans to spend roughly $4 billion by the end of 2026 on expanding deliveries in rural towns as part of a push […]
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Medical product manufacturers are divided over Trump’s tariffs
President Donald Trump’s tariffs are creating a divide in the medical community. Medical devices and protective gear made in China, Mexico and Canada were exempt from duties during the first Trump administration, but so far have not gotten a reprieve from his newest round of levies. While device makers who would take a big hit […]
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Stocks making the biggest moves midday: Tesla, Azek, Visa, Boeing and more
Check out the companies making headlines in midday trading. Tesla — The electric vehicle maker popped more than 9%, making it the top performer in the S & P 500. The megacap tech stock and retail investor favorite is coming off nine straight down weeks, its longest ever weekly decline. Azek — The outdoor product […]
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Stocks making the biggest moves premarket: Tesla, ViaSat, Pinterest, Nucor, AZEK and more
Check out the companies making headlines before the bell. AZEK — Shares of the outdoor products manufacturer soared 23% after cement manufacturer James Hardie Industries said it would acquire AZEK in a cash and stock deal totaling around $9 billion. James Hardie stock tumbled 11%. Pinterest — The social media stock added nearly 5% following […]
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CNBC Daily Open: Tariff ‘flexibility’ is not necessarily positive — it also signals uncertainty
A cargo ship full of shipping containers at the port of Oakland as trade tensions escalate over U.S. tariffs, in Oakland, California, on March 6, 2025. Carlos Barria | Reuters “Flexibility” connotes openness to change. U.S. President Donald Trump expressed Friday the possibility of being flexible with tariffs, which may have helped stocks tick up, […]
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CNBC Daily Open: Tariff flexibility sounds good, but also signals uncertainty
A cargo ship full of shipping containers is seen at the port of Oakland, as trade tensions escalate over U.S. tariffs, in Oakland, California, U.S., March 6, 2025. Carlos Barria | Reuters “Flexibility” connotes openness to change. U.S. President Donald Trump expressed Friday the possibility of being flexible with tariffs, which may have helped stocks […]
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Why this CIO is sounding the alarm on two key consumer bellwether stocks
Even as valuations for both Nike and FedEx stock come down to a more attractive level, both stocks are still a sell, according to Main Street Research chief investment officer James Demmert. Shares of FedEx have pulled back more than 18% in 2025, while Nike’s stock has slipped about 10%. On Thursday, FedEx slashed its […]
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Stocks making the biggest moves midday: Boeing, Nike, Lockheed Martin, FedEx, Micron Technology and more
Check out the companies making headlines in midday trading: Boeing , Lockheed Martin — Defense contractor Lockheed Martin sold off nearly 7% after Bloomberg News reported that President Donald Trump chose Boeing instead for a contract to create the next-generation fighter jet. Boeing shares surged almost 5%. Nike — Shares tumbled 5% after the athletic […]
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Stocks making the biggest moves premarket: Lennar, Cleveland-Cliffs, FedEx, Nike and more
Check out the companies making headlines in premarket trading. FedEx — Shares tumbled more than 8% after the parcel delivery company slashed its full-year guidance , citing “weakness” in the U.S. industrial economy. FedEx now said to expect between $18 and $18.60 in earnings per share after certain exclusions, down from the range of $19 […]
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