Latest FedEx Corp News
FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes
MEMPHIS (AP) — FedEx on Friday pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes, a huge boost for the school's name, image and likeness compensation efforts. The Memphis-based shipping giant said the program will...
Stock market today: Wall Street slips as bond yields jump on surprisingly strong manufacturing data
NEW YORK (AP) — Most U.S. stocks slipped Monday after a surprisingly strong report on U.S. manufacturing cast doubts on how much interest rates can ease this year. The S&P 500 dipped 10.58 points, or 0.2%, from its all-time high to finish at 5,243.77. The Dow Jones Industrial...
AT&T, FedEx fall; Ballard Power, Semtech rise, Monday, 4/1/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: AT&T Inc., down 10 cents to $17.50. The telecommunications giant said it discovered a data breach impacting millions of current and former customers. Elanco...
UPS to become the primary air cargo provider for the United States Postal Service
UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two. ...
Stock market today: Wall Street closes its best week of the year with a quiet finish
NEW YORK (AP) — U.S. stocks closed their best of the year so far with a quiet finish on Friday, remaining near their records. The S&P 500 slipped 7.35 points, or 0.1%, from its all-time high to close at 5,234.18. The Dow Jones Industrial Average fell 305.47, or 0.8%, to...
Nike, Lululemon fall; FedEx Star Equity rise, Friday, 3/22/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Nike Inc., down $6.96 to $93.86. The sneaker and athletic apparel maker gave investors a disappointing revenue forecast. FedEx Corp., up $19.47 to $284.32. ...
FedEx: Fiscal Q3 Earnings Snapshot
MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Thursday reported fiscal third-quarter profit of $879 million. On a per-share basis, the Memphis, Tennessee-based company said it had profit of $3.51. Earnings, adjusted for non-recurring costs, came to $3.86 per...
How Chinese retailers can offer Americans steep bargains on clothes and why that could change
WASHINGTON (AP) — As a substitute teacher in her mid-20s, Lindsey Puls was delighted to discover the fashion world of Shein more than 10 years ago, lured in by its super-low prices — with tops selling for a few dollars, dresses under $10, and free shipping on orders over $29. ...
FedEx ends naming rights agreement for the Washington Commanders stadium long known as FedEx Field
FedEx has ended its naming rights agreement to the Washington Commanders' stadium in Landover, Maryland, a venue that had been known since 1999 as FedEx Field. The move confirmed Wednesday comes two years prior to the expiration of the current agreement scheduled for 2026, and as the...
