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FedEx Plunges After Slashing Forecast on Trade War, Slowdown

  • Global weakness shows impact of commercial tensions, CEO says
  • Outlook darkens as break with Amazon heralds a drag on sales
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Photographer: Christophe Morin/Bloomberg
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Blaming a weakening global economy, FedEx Corp. sliced its profit outlook in the latest sign that trade tensions are dragging down U.S. corporate titans. The shares tumbled.