FedEx tumbles after sober results, broader market slips
By Shivansh Tiwary (Reuters) -Shares of FedEx sank 12% on Wednesday following dismal results and an outlook that prompted a slew of price-target cuts from Wall Street analysts and contributed to a late-day broad market selloff. FedEx is seen as a bellwether for worldwide economic trade. Investors on Wednesday said specific problems at the global…