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FedEx just warned the whole globe is slowing

From cnbc.com

A top executive at FedEx is flagging serious concerns in the global economy. The multinational package delivery service reported declining international revenue as a result of unfavorable exchange rates and the negative effects of trade battles. "Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue," Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer, said in statement. FedEx reported weaker-than-expected third-quarter earnings and revenue after the closing ... (full story)

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  • Category: Fundamental Analysis