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FedEx Shares Tumble After Q1 Earnings Miss as Amazon Loss, China Trade Bite Hard
FedEx shares traded sharply lower Wednesday after the world's biggest package delivery group warned that full-year profits would likely disappoint Wall Street as the U.S.-China trade war hives demand and the loss of a major contract with Amazon eats into its bottom line.
Southwest Sees Strong Third Quarter, Cites Solid Passenger Demand
Southwest Airlines is on track for another quarter of strong earnings, even as it continues to deal with the ongoing impact of the Boeing Max groundings as well as the recent impact of Hurricane Dorian.
NY Fed Doubles-Down on Repo Intervention as Bank Cash Crisis Rattles Markets
The New York branch of the U.S. Federal Reserve will step in and offer billions more in liquidity to gummed-up intrabank lending markets Wednesday, following the first intervention in more than a decade only yesterday, as a worrying spike in overnight borrowing costs continues to perplex investors and complicate today's Fed rate decision.
Housing Starts Surge as Falling Interest Rates Spur New Construction
Construction of new homes and apartments jumped 12.3% in August compared to August last year, reaching highs not seen in more than a decade, the Commerce Department reported.
FedEx Rival UPS Could Continue to Forge Its Own Way to the Upside
The charts of UPS and rival FedEx are quite different, with the former's technical signals indicating it could head higher.