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U.S. stock-index futures largely erased initial losses Sunday, after a massive tech selloff on Friday interrupted Wall Street's two-month rally, and after new developments threatened the fragile cease-fire in the Iran war.
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Iranians Sink Into Despair Facing War Deaths and Skyrocketing Inflation The New York TimesIran's nightly pro-government rallies reveal both unity and deep divisions Middle East EyeLive Coverage of the Iran-U.S.-Israel Conflict / June 08 WANA News AgencyPeople walk under a banner showing portraits of the late revolutionary founder Ayatollah Khomeini The Shillong TimesIRAN-CRISIS/ Arizona D
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Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone FortuneTrump says Fed chair should ‘do whatever he wants' but criticizes possible interest rate hikes NBC NewsDonald Trump piles pressure on Kevin Warsh with call for rate cut Financial Times'No reason' to raise interest rates after jobs report, Trump says USA TodayTrump Says Fed Ra
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Middle East crisis live: Iran launches missiles towards Israel after Lebanon airstrikes The GuardianTrump tells Axios he will ask Netanyahu not to strike back at Iran Axios'Iran fires missile barrage' and 'New Eriksen hell' BBCLive Updates: Iran Fires Missiles at Israel for First Time Since April Cease-Fire The New York TimesIran Fires Waves of Missiles at Israel After Israeli Airstrike on Beirut WSJ
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Trump doesn't rule out giving Jan. 6 rioters who attacked police ‘anti-weaponization' fund payouts NBC NewsDOJ confirms in court papers the "anti-weaponization fund" isn't going forward, asks judges to reject lawsuits CBS NewsTrump administration puts in writing to courts that the $1.8B ‘anti-weaponization' fund is dead CNNJustice Dept. Promises to Drop Trump's $1.8 Billion Fund The New York TimesWhat to make of the Trump adm
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NASA to wear Prada as luxury group pushes into space industry ReutersNASA will wear high-tech Prada long johns to the Moon The VergeGallery: Prada's new Artemis IV garment makes sure NASA astronauts are cool, literally FOX 10 PhoenixThis Prada Suit Will Land on the Moon Vanity FairThe Cosmic Wardrobe - How New Luxury Engineering Alliances Are Triggering A Spectacular Space Travel Revolution Now Travel And Tour World
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Donald Trump piles pressure on Kevin Warsh with call for rate cut Financial TimesTrump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone Fortune'No reason' to raise interest rates after jobs report, Trump says USA TodayTrump Says Fed Rate Increase Would Be Wrong Ahead of Warsh Debut Bloomberg.comTrump Applauds ‘Grea
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7.8 magnitude earthquake shakes part of southern Philippines. Tsunami forecast for some coasts AP NewsTsunami warnings issued after 8.2 magnitude earthquake off Philippines Al JazeeraTsunami threat to Hawaii under evaluation after 8.2-magnitude quake in Philippines Honolulu Star-AdvertiserMap: Tracking a Potential Tsunami in the Celebes Sea The New York Times
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A sell-off for stocks is slamming into Wall Street Tuesday after wrapping around the world, as oil prices leap even higher with worries that the widening war with Iran may do more sustained damage to the economy than feared.
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Investors have plenty of worries - chief among them inflation and a potential recession. But the engine that ultimately drives the stock market is corporate profits. As long as earnings growth stays on track, then corporate America—and by extension, your stock portfolio—remains on solid ground.
Which is why the recent earnings preview from FedEx (FDX) was so unnerving. While the official report for the quarter ended August 31 comes out Thursday, FedEx warned on September 15 that it would have bad news, with quarterly results severely impacted deteriorating economic trends in Asia, Europe and the U.S. FedEx stock was immediately penalized, and is down more than 20% since this pre-announcement.
The key question for every investor is whether the shipping giant is suffering from a company-specific malaise or whether FedEx's problems are a broad-market bellwether portending widespread doom. "FedEx is no ordinary economic actor, as its business literally touches every corner of the global economy" says Sheraz Mian, director of research for Zacks, an investment research firm.
A Downgrade for FDX
Analyst Colin Scarola, at investment research firm CFRA, suspects that part of the problem at FedEx is that it failed to adjust operations in its Express division (50% of revenues) as more international passenger flights, which transport some air freight as well, came back online after the pandemic-related slowdown, raising competition. "We don't doubt that some of the poor performance is related to ongoing global economic headwinds and high inflation worldwide. But the extent of the decline at Express leads us to believe that poor operational execution is also at play," says Scarola, who has
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You don't have to be all that old to remember the excitement of "outlet shopping" - hitting special shopping centers (or even whole towns - Freeport, Maine, anyone?) for deals on overstock, returned, or sometimes separate bargain-lines of product. It only makes sense that the nation's biggest online retailer, Amazon.com, would play this game with its own outlet - without the bricks and mortar (and ancillary candy and fudge vendors).
SEE MORE Alternatives to Amazon Prime for Free Shipping and More
As millions of Americans signed up for Amazon Prime weigh the benefits of Amazon Prime perks - (both the new one or two and the ones being taken away) against the recent membership price increase - Amazon Outlet is probably a reason to stick around.
These aren't used or second-hand items, and some are even quite high end (think Apple, Bose, Marmot and Pendleton). Amazon Outlet items are actual overstocks - Amazon bought too many of them - discontinued items, or just plain old clearance items. And they cut across a retail swath. That means you'll see clothing, kitchenware, home d
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