worse

Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest

An energy crisis the likes of which hasn’t been seen in decades is unfolding around the world.  The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies from Russia—the world’s second largest natural gas producer and third largest petroleum producer—condemned …

Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest Read More »

FedEx stock tanks after company withdraws outlook, says year is about to get worse

FedEx Corp. shares fell nearly 17% in the extended session Thursday after the logistics company pulled its outlook for the year, called for significantly lower quarterly profit and lower revenue, and said that fiscal 2023 is about to become worse. FedEx FDX, -0.07% said fiscal first quarter was hit by lower volumes globally, a trend …

FedEx stock tanks after company withdraws outlook, says year is about to get worse Read More »