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FedEx Paring Costs, Grounding More Planes As Margin Pressure Persists

The Cheap InvestorJune 20, 20230

(Reuters) -FedEx, which is slashing costs to protect profits as demand wanes, said on Tuesday that ongoing “demand challenges” prompted…

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Wall Street Ends Lower, Pausing Rally As Powell Testimony Looms

The Cheap InvestorJune 20, 20230

By Stephen Culp NEW YORK (Reuters) – U.S. stocks softened on Tuesday, closing in negative territory as investors began the…

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Marketmind: Markets Lose Steam, Central Banks Not Helping

The Cheap InvestorJune 20, 20230

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist….

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  • Reuters

Microsoft, Activision CEOs On Witness List For Hearing On FTC Bid To Block Merger

The Cheap InvestorJune 20, 20230

WASHINGTON (Reuters) – Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick are among the witnesses planned for an…

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Musk To Brief Modi On Tesla’s India Investment Plans In U.S. Meeting -source

The Cheap InvestorJune 20, 20230

By Shivangi Acharya (Reuters) -Tesla chief executive Elon Musk will directly brief Indian Prime Minister Narendra Modi on plans to…

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FedEx To Fold Canada Contractor-based Ground Unit Into Express

The Cheap InvestorJune 20, 20230

By Lisa Baertlein LOS ANGELES (Reuters) -FedEx on Tuesday said it will merge its contractor-based Ground delivery operations in Canada…

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Canada Retools Inflation Baskets, More Focus On Food, Gas Prices

The Cheap InvestorJune 20, 20230

By David Ljunggren OTTAWA (Reuters) – Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods…

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China-exposed Miners, Luxury Shares Drag STOXX 600 Down; Lanxess Plunges

The Cheap InvestorJune 20, 20230

By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -German stocks fell on Tuesday as shares of speciality chemicals maker Lanxess…

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Oil Prices Fall 2% On Weaker Chinese Demand Picture

The Cheap InvestorJune 20, 20230

By Scott DiSavino NEW YORK (Reuters) -Oil futures fell about 2% in choppy trading on Tuesday on forecasts for slower…

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Italian Yacht Maker Ferretti’s Shares Admitted To Euronext Milan

The Cheap InvestorJune 20, 20230

ROME (Reuters) – Italy’s Chinese-owned luxury yacht maker Ferretti said on Tuesday its shares have been admitted to Borsa Italiana’s…

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