FedEx, First Republic, U.S. Steel, XPeng, and More Stock Market Movers

Text size Shipping giant FedEx raised its profit forecast for the fiscal year. Justin Sullivan/Getty Images Stock futures wavered Friday as the biggest banks in the U.S. moved to rescue beleaguered First Republic Bank. These stocks were poised to make moves Friday:  First Republic Bank (FRC) was down 4% in premarket trading. The stock closed with … Read more

2 planes avoid crash after possible air traffic control mishap at Austin airport, FAA says

A FedEx cargo airplane attempting to land at Austin-Bergstrom International Airport on Saturday morning had to reverse course after a second plane was cleared to depart from the same runway, according to the Federal Aviation Administration. The Boeing 767 cargo airplane was several miles from the airport when it was cleared to land at about … Read more

FedEx will raise its shipping rates starting in January

FedEx plans to increase shipping rates by an average of 6.9% starting in January as it copes with weaker business demand.  “Effective January 2, 2023, FedEx Express, FedEx Ground and FedEx Home Delivery rates will increase by an average of 6.9%,” the company said in a statement on Thursday. “FedEx Freight rates will increase by an average … Read more

FedEx Earnings Are Coming. It Shouldn’t Get Any Worse.

Text size FedEx investors will want to hear from management after a disappointing update given a week ago. Joe Raedle/Getty Images Shipping giant FedEx reports its fiscal first-quarter financial results after the close of trading on Thursday, but investors already know the numbers were awful. Now they want answers. On Sept. 15, FedEx (ticker: FDX) … Read more

Bitcoin Slumps to Lowest Since Late 2020, Ether Tumbles on Fed Jitters

Text size Bitcoin, the world’s largest cryptocurrency, has declined nearly 60% this year. Dreamstime Bitcoin fell Monday and other cryptocurrencies followed it lower ahead of what’s expected to be the third straight outsized interest rate hike from the Federal Reserve when the central bank meets this week. It could be coiling for a big move. … Read more