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U.S. strikes targets in Iran, citing threats posed to American troops The Washington PostIran War Live Updates: U.S. Strikes Iranian Targets in Fresh Bout of Fighting WSJBrent crude climbs as Iran vows retaliation against ceasefire violations after U.S. military strikes CNBCU.S. launches new strikes in Iran, targeting boats and missile launchers NBC News
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Iran's Khamenei Says No Going Back For Middle East Rocked by War Bloomberg.comMiddle East crisis live: US will no longer have safe haven in region, warns Iran's supreme leader after strikes The GuardianMiddle East live: US will no longer have safe haven in region, warns Iran's Khamenei after strikes France 24Iran war latest: No safe haven for US forces in region, says supreme leader The Times
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Trump's advanced age and threats to his life serve as reminders of his own mortality CNNTrump faces questions about age and health as he heads to Walter Reed MS NOWTrump to get 'routine annual' medical exam 7 months after last visit to Walter Reed NPRTrump to undergo annual physical after year of public attention to health issues The GuardianTrump faces his annual physical. Here's what to know about his health The Times
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Asian Stocks Set to Extend Gains on US-Iran Hopes: Markets Wrap Bloomberg.comOil Prices Drop on Prospect of Iran Deal, but Investors Aren't Celebrating Yet WSJOil prices mixed as U.S. military strikes against Iran cloud Middle East peace prospects CNBCWhat happens when the war really ends CNN
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He spent four decades building the convenience store chain into a cornerstone of daily life.
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Mandalorian and Grogu makes unfortunate Star Wars box office history while Michael moonwalks towards $800 million Entertainment Weekly'The Mandalorian and Grogu' is Disney's lowest-ever Star Wars film opening CNBCStar Wars: The Mandalorian and Grogu: streaming, strikes and Baby Yoda - discuss with spoilers The GuardianMovie Review - Star Wars: The Mandalorian
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Netanyahu Says Israel Plans to Intensify Attacks on Hezbollah in Lebanon The New York TimesIsrael's military says it's striking Hezbollah sites as Netanyahu vows to ‘increase the blows' NBC NewsIsrael escalates strikes in Lebanon as Netanyahu vows to ‘crush' Hezbollah The GuardianIsrael to intensify Lebanon offensive to ‘crush' Hezbollah Al Jazeera
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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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