FedEx shares slide as annual forecast cuts stoke worries on economy
FedEx's shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from
FedEx's shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from
More U.S. airlines cut their earnings estimates on Tuesday, following a similar announcement from Delta Air Lines, saying mounting economic
Demand for industrial precious metals platinum and palladium will likely fall if tariffs proposed by President Donald Trump on U.S. auto imports
Deere's quarterly revenue slumped 35% and missed analysts' expectations on Thursday, as more farmers retained their aging equipment or switched to rentals owing to weak
Shares of U.S. steel and aluminum producers rose on Monday, while their European and Asian counterparts fell a day after President
JetBlue Airways shares plunged 28% on Tuesday after the New York-based carrier forecast lower-than-expected unit revenue and higher costs in the
GE Aerospace on Thursday forecast stronger profit in 2025, saying it is better prepared to meet jet engine demand with progress in resolving
The United Auto Workers (UAW) union on Friday said members voted overwhelmingly in favor of authorizing a strike at the Detroit Three automakers if agreement is not reached before the current four-year contract expires on Sept. 14. The authorization was approved by 97% of voting members at General Motors, Ford Motor and Stellantis, said UAW President Shawn Fain, who leads the union that represents about 150,000 workers. Fain reiterated that the union did not plan to extend the deadline to get a new labor contract. “The deadline is Sept. 14. We
Lockheed Martin forecast its 2024 profit below Wall Street expectations on Tuesday, as the U.S. defense contractor's largest aeronautics segment that
U.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the "Detroit Three
Toyota Motor and LG Energy Solution signed a supply agreement for lithium-ion batteries for use in the Japanese automaker's U.S.-built electric vehicles
About 4,300 unionized workers went on strike at three General Motors plants in Canada on Tuesday, threatening the largest U.S. automaker's
Global demand for new business jets is expected to stay strong over the next decade, Honeywell said on Sunday, as the engine maker projected deliveries of about 8,500
Shares of major U.S. airlines fell on Wednesday, after a disappointing fourth-quarter forecast from United Airlines a day earlier spooked investors and raised concerns
American Airlines on Thursday beat estimates for third-quarter adjusted profit and said bookings for the upcoming holiday season have been steady, sending its shares up
Businesses ranging from airlines to auto parts makers are starting to feel the heat from the month-long strike by hourly workers at the Detroit
Canadian union Unifor called off a brief strike that began early on Monday after reaching a tentative deal with Chrysler-parent Stellantis that
Caterpillar reported a double-digit rise in profit on Tuesday, beating Wall Street estimates on solid construction equipment sales in North America,
Boeing CEO David Calhoun will leave the troubled aircraft maker at the end of the year, leaving a difficult turnaround job to his yet-to-be-named
More travelers are checking the model of an aircraft before booking flights after a midair cabin blowout forced a new Alaska Airlines-
U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit on Tuesday, as simmering geopolitical tensions prompted
Southwest Airlines is reeling from Boeing's ongoing safety crisis.
Air Canada reported a bigger first-quarter loss than expected on Thursday on higher operating costs tied to labor and aircraft maintenance,
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