FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services.

FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy. The company ...

In the quarter ended August 31, FedEx's revenue decreased 0.5% year-over ... Enter your email in the box and click Sign Me Up. Joey Solitro is a freelance financial journalist at Kiplinger with ...

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Lois Borny works on the product review section of The Independent, IndyBest, where she helps readers to save money and shop savvy, scouting out the very best deals and sharing her tried and tested ...