FedEx just warned the whole globe is slowing

FedEx reported weaker-than-expected third-quarter earnings and revenue after the closing bell on Tuesday, and cut its full-year guidance. Shares fell more than 4 percent in after-hours trading. Despite a strong U.S. economy, FedEx said its international business weakened during the second quarter, especially in Europe. FedEx Express international was down due primarily to higher growth…

Bam! Pow! White House report gets lightened up with superhero, ‘Star Wars,’ Monty Python...

This big new White House report isn't a comic book — but some of the names in it belong in one. A list of "student interns" who worked on President Donald Trump's new "Economic Report of the President" includes the names of Batman, Spider-Man and Captain America's alter egos, "Monty Python" cast member John Cleese,…

Stocks making the biggest moves after hours: FedEx, Tencent Music and more

Check out the companies making headlines after the bell: Shares of FedEx fell more than 5 percent in extended trading Tuesday following the release of the logistic company's disappointing third-quarter earnings and weak full year outlook. FedEx posted earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of…

Lyft gets its first Wall Street buy recommendation and it’s not even public yet

One Wall Street firm is recommending its clients buy Lyft weeks before that's even possible. The second-most popular ride-hailing app is gearing up to list on the Nasdaq at the end of March. According to its regulatory filing, Lyft expects to be valued at $20 billion. Montana- based firm D.A. Davidson isn't waiting until shares,…

House Homeland Security chair calls on Facebook, YouTube, Twitter and Microsoft to explain the...

The House Homeland Security Committee chairman called on tech leaders Tuesday to explain how a violent video of Friday's New Zealand mosque shooting spread on their platforms. Rep. Bennie Thompson, a Democrat from Mississippi, wrote to the CEOs of Facebook, Twitter, Microsoft and Google's YouTube to request a briefing in front of the committee on…

FedEx falls after missing on earnings and revenue

Shares of FedEx dropped more than 4 percent after the bell Tuesday following disappointing third-quarter results and after slashing its full-year earnings guidance for the second time since December, as the logistics company continues to struggle in the face of slowing global trade. Here's how the company did compared to what Wall Street expected: Earnings…

Transportation Secretary asks department’s inspector general to audit FAA’s certification of Boeing 737 Max

Anna Moneymaker | Bloomberg | Getty Images Elaine Chao, U.S. secretary of transportation, delivers the keynote speech during the U.S. Chamber of Commerce Aviation Summit in Washington, D.C., March 7, 2019. The U.S Department of Transportation on Tuesday asked the agency's watchdog to audit the Federal Aviation Administration's approval of the Boeing 737 Max 8…

Passive investing now controls nearly half the US stock market

Passive investing has now taken over nearly half the stock market as more investors shun stock-pickers and flock to index funds. Market share for passively managed funds has risen to 45 percent, up a full point from June 2018, according to data this week from Bank of America Merrill Lynch. That continues a trend over…

An ‘unadulterated performance chase’ toward all-time highs is coming, Wall Street bull Julian Emanuel...

Long-time bull Julian Emanuel names one major factor standing in the way of new market highs: Brexit. But according to Emanuel, it's a temporary roadblock and a resolution is coming. "We really need to see is a little bit more clarity on Brexit, and most importantly, that feed-through to European interest rates," BTIG's chief equity…

Starbucks revamps its loyalty program to provide members with more reward options

Ahead of its annual shareholders meeting Wednesday, Starbucks announced plans to revamp its North American loyalty program in a bid to keep growing its membership as it continues rolling out delivery. The U.S. and Canadian coffee markets have grown more competitive as rivals like Dunkin' Brands and McDonald's have been investing in their own java…

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