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Wednesday, October 5, 2022

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FedEx warns of worsening economy and pulls forecast; shares drop 16%

Sept 15 (Reuters) – FedEx Corp on Thursday withdrew the financial forecast it issued just three months ago, saying a global demand slowdown accelerated at the end of August and was on pace to worsen in the November quarter. Shares in the global delivery firm tumbled more than 16% after it also …

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