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CNN CNN Newsroom With Alisyn Camerota and Victor Blackwell June 4, 2024 19:51:00

they re seeing weakening demand, which is a big deal. because fedex is really on the front lines of the economy, right? they have this unique vantage point, by being one of the world s largest shipping companies. and they say shipping demand has weakened considerably, and they expect this trend to continue. they have slashed this sales guidance by more than $1 billion. the ceo went on cnbc to say that a global recession is likely coming and they re going into cost-cutting mode. which means they are cutting worker hours, freezing hiring, shutting almost 100 locations, and they re also shutting down five corporate offices. and this is telling fedex is they re slashing some of their operations, because they don t think there s demand to meet it. that means they re actually going to be grounding some planes. this is not sitting well with investors, as you can imagine. fedex shares down 21% as we speak. that is on track for its worst day since going public in 1978. worst than after 9/11 ....

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EMEA Morning Briefing: Inflation Worries, U.S. -2-

EMEA Morning Briefing: Inflation Worries, U.S. -2-
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

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, , , , , Germany, , gas,

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bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.

Hiroyuki Kikukawa , Crude Oil , Weakening Demand ,

Don't Bet On A Bounce For RH

RH (NYSE:RH) was one of the first companies to warn the market about inflationary and supply chain hiccups ....

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Tenuous revival: On boosting Indian economy

Creating jobs and boosting incomes, along with vaccination, can sustain the economy
The national income estimates released by the NSO posit an economy that appears to have found some footing in the January-March quarter before the pandemic’s second wave hit. GDP expanded by 1.6% in the final quarter of the last fiscal, an acceleration from the 0.5% growth in the preceding three-month period, that marginally softened the extent of the full-year’s record contraction to 7.3%. The Centre had earlier projected full-year GDP to contract by 8%. There was a 3.7% growth in fourth-quarter gross value added, with all but two of the economy’s eight broad sectors posting expansions. Mining and quarrying and the worst-hit contact-intensive omnibus services category of trade, hotels, transport, communications and broadcasting contracted 5.7% and 2.3%, respectively. Still, the pandemic’s crushing impact over the preceding three quarters meant that only the agriculture, forestry and f ....

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