Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
A series of tweets Monday marked the latest chapter in Trump's decadeslong effort to refute published reports that his previous financial problems have rendered him an...Politicsread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Sens. Mitch McConnell and Tim Kaine introduced a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
McGahn is cited more than any other witness in special counsel Robert Mueller's 448-page Russia report.Politicsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
Despite high criticism from fans, the final episode of "Game of Thrones" shattered single-night viewing records Sunday, with 19.3 million tuning in to watch the finale.Entertainmentread more
Restaurants are thinking outside the box to attract and retain talent. A report from TDn2K, a restaurant analytics firm, finds that employee vacancies are a major concern for...Restaurantsread more
FedEx reported quarterly earnings and revenue on Tuesday that beat analysts' expectations.
The company posted adjusted fiscal first-quarter earnings per share of $2.90 on revenue of $14.66 billion. Wall Street expected FedEx to report earnings of $2.81 a share on $14.61 billion in revenue, according to a Thomson Reuters consensus estimate. Earnings were up from $2.42 per share a year earlier, while revenue climbed from $12.3 billion.
The stock gained about 1 percent in extended trading.
The shipping giant's ongoing integration of TNT Express "is proceeding smoothly," said Frederick Smith, chairman, president and CEO of FedEx.
The company is considered an indicator of economic conditions in the United States.
As of the Tuesday close, shares of FedEx are up 9 percent so far in 2016. The Dow Jones transportation average is up more than 3 percent in the same period.
The company reiterated that it will be increasing FedEx Express shipping rates by an average of 3.9 percent and rates for FedEx Ground, FedEx Home Delivery and FedEx Freight by 4.9 percent on average, effective Jan. 2. The company also said that fuel surcharges for FedEx Express and FedEx Ground will be adjusted on a weekly basis, effective Feb. 6.