Skip to content
Subscriber Only
Markets
Economics

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
France Passes Decree Allowing Eurostar to Function Post-Brexit
Photographer: Christophe Morin/Bloomberg
Updated on

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here

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.