Getty Images FedEx shares slipped more than 4% in extended trading Tuesday after the shipping giant posted weaker-than-expected earnings in the second quarter. Here’s how the company compared with Wall Street’s expectations, according to Refinitiv consensus estimates: Adjusted earnings per share: $2.51 vs. $2.76 expected Revenue: $17.3 billion vs. $17.58 billion expected Amazon‘s foray into
A FedEx plane is parked at Ontario International Airport on February 4, 2019. Check out the companies making headlines after hours on Tuesday: FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company’s second quarter, FedEx reported adjusted earnings per share
CNBC’s Jim Cramer said on Tuesday that Sen. Elizabeth Warren missed her chance to court ultra-wealthy voters who may have naturally supported her 2020 presidential run. “She’s scared people, and that’s why I think people are flocking to other candidates,” Cramer said, referring to Warren’s bank-bashing and wealth-taxing proposals. The Massachusetts Democrat, who has recently
It’s breakfast time in Flaxville, Montana. The thermometer says it’s four degrees, but the Weather Channel says it feels like minus 3. Paul Kanning is trudging through the snow to grain bins on his nearly 3,000 acre farm. One is stuffed with dry yellow peas. “I don’t know where they’re going yet this year,” he
Phil Roeder Americans are likely losing a popular retirement tax strategy next year that allows the wealthy to leave large inheritances in retirement accounts. Several retirement provisions were tucked into a bipartisan $1.4 trillion spending package that federal lawmakers must pass by Friday to avoid a government shutdown. Among the many items in the bill
Share to facebook Share to twitter Share to linkedin Holidays are a notorious time for financial fraud. Scammers capitalize on the generosity of their targets, particularly seniors. What can families do to give their older loved ones, especially aging parents a greater measure of financial safety? The World Health Organization estimates that one in six
The SECURE Act (Setting Every Community up for Retirement Enhancement Act of 2019) just got attached to the year-end spending bill. While most of the news chatter is around its retirement provisions, the SECURE Act will also make major enhancements to 529 plans that could impact hundreds of thousands of Americans. NEW YORK, NY: Workers
Dining room CARY HOROWITZ Ex-Bear Stearns co-president is still trying to unload his historic, double-wide mansion in Greenwich Village. Having listed the house for $59.5 million several times since February 2017, the price was dropped to $50 million last week. The property has a storied history in finance, along with academia, that dates back to
Southwest Airlines is joining American Airlines in cancelling thousands of Boeing 737 Max flights through early April, as the beleaguered jetliners’ return to service continues to disrupt schedules during another busy holiday travel period. Southwest, the largest U.S. 737 Max customer, said Tuesday it will pull about 300 flights a day from its daily weekday
An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Eli Lilly on Tuesday forecast a higher-than-expected profit for 2020, citing growing demand for its medicines including diabetes drug Trulicity and psoriatic arthritis