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Live updates: US launches fourth night of strikes on Iran and restarts naval blockade CNNUS hits ‘dozens' of military targets in additional round of strikes The Hill'Enough Is Enough': Lawmakers Criticize Trump Over Resumption of Iran War Time MagazineUS launches fresh Iran strikes as CENTCOM resumes naval blockade Fox News
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Live updates: US carries out more strikes on Iran and begins blockade of Iranian ports CNNLive updates: Iran war news; US and Iran intensify conflict, with naval blockade set to resume CNNTrump threatens to strike Iran power plants unless deal reached - Middle East crisis live The Guardian'Enough Is Enough': Lawmakers Criticize Trump Over Resumption of Iran War Time MagazineThe U.S. is b
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Federal Court Hearing Set For State AGs' Emergency Motion To Halt Paramount-Warner Bros. Discovery Merger DeadlineAGs sue to block Warner Bros., Paramount merger ABC News - Breaking News, Latest News and VideosHollywood Writers Sue to Block Paramount-Warner Deal WSJThe Paramount-WBD legal battle: What happens next? CNN
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IBM Shares Crashed 25% In Worst Day Ever—Here's Why ForbesIBM stock closes down more than 25% after preannounced earnings results Yahoo FinanceThis "will rattle many": IBM stock tanks as AI budgets shift Axios‘We Faltered': IBM Plunges Most Since at Least 1968 on Miss Bloomberg.comWhy CrowdStrike Stock Got a Big Boost From IBM's Earnings Warning Barron's
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Latest improvement on inflation isn't ‘mission accomplished,' Fed Chairman Warsh says CNNWarsh pledges Fed policy 'regime change' to rid inflation 'tax' on American people CNBCWarsh Tells Congress the Fed Has ‘No Tolerance' for High Inflation WSJ
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The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in Iran and persistent inflation.
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Other banks had extraordinary quarters, too, including Wells Fargo, Goldman Sachs and Bank of America.
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Warsh pledged Tuesday to "get monetary policy right" and defeat the inflation that has bedeviled the central bank for the past five years.
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Trump scraps threat of 20% fee on Hormuz cargo as US prepares to resume blockade of Iran ports BBCTrump Drops Plan to Charge Ships Fees in the Strait but Will Restore Blockade: Iran War Live Updates The New York TimesTrump retreat over Hormuz tolls suggests he is struggling to end Iran war BBCThe U.S. puts a blockade back on Iran as the Strait of Hormuz standoff escalates NPRUS military resumes Strait of Hormuz naval blockade
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U.S.-Iran War Latest: Trump reverses course on 20% fee for Strait of Hormuz cargo, citing trade deals CBS NewsTrump Drops Plan to Charge Ships Fees in the Strait but Will Restore Blockade: Iran War Live Updates The New York TimesTrump retreats from shipping toll in Strait of Hormuz The Washington PostTrump pivots from 20 percent Strait of Hormuz fee amid Iran war escalation Al Jazeera
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Kevin M. Warsh, in his first testimony to Congress as chairman of the Federal Reserve, did not shed light on whether he supported higher interest rates to tame price pressures.
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The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.
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An effort to block media giant's planned takeover of Warner Bros. Discovery underscores how states are taking a more active role in antitrust regulation.
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Higher prices help cut borrowing as oil major tries to show financial discipline under new boss
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A group of states, including California, filed a lawsuit to block the merger between Paramount and Warner Bros. Discovery.
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Minutes from Kevin M. Warsh's first meeting as chairman showed heightened unease about inflation, which is running at a three-year high.
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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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Big questions still need answering after President Donald Trump and Chinese President Xi Jinping averted a trade war escalation at the G-20 meeting.
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