A growing list of companies from FedEx to BMW are warning about the world economy

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Executives at FedEx, BMW and UBS are describing bleak macro-economic conditions around the world this week.

div > div.group > p:first-child"> With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, a group of business leaders say it's harder than ever to rake in profits.

"Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue," FedEx Corp. Chief Financial Officer Alan B. Graf, Jr. said in the firm's quarterly earnings report. "We are expecting many difficulties this year such as slowing growth in major economies and risks over global trade conflicts," Samsung Co-Chief Executive Kinam Kim said.

Fitch dropped its global growth forecasts for 2019 to 2.8 percent from 3.1 percent. For 2020, it dropped from 2.8 percent from 2.9 percent. The eurozone growth outlook weakened"particularly sharply," Fitch said. It also highlighted a slowdown in China, and decelerating in emerging markets led by Turkey and Argentina in the aftermath of last summer's currency crises.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

BMW is just getting worked over by Tesla because they put EV development on hold...

When companies like this keep shooting warning shots over your head and you keep advancing - like this market - you do so at your own peril

More red flags of an upcoming Recession.

Trump are you listening? No.

Yes and move to the usa , that is the only economy booming right now , we need leaders like Trump in Europe

it’s a new world order lmao the TRUMP order 🤔

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FedEx stock falls after company misses Wall Street Q3 viewsShares of FedEx Corp. fell more than 3% in the extended session Tuesday after the logistics company missed Wall Street's expectations for its fiscal third... But but....the economy is great....trade deal.....dovish FED.....say it ain't so
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves after hours: FedEx, Tencent Music and moreSee which stocks are posting big moves after the bell on March 19.
Source: CNBC - 🏆 12. / 72 Read more »

Elon Musk vs. SEC; Brexit chaos; FedEx earningsToday’s top business headlines with ChristineRomans: - S&P 500 climbs to five-month high - CNN poll: 7 in 10 say economy in good shape - Lyft plans to raise more than $2B in its IPO - DraftKings looks to cash in on March Madness ChristineRomans Basically Trump is killing it ChristineRomans Trumps America ChristineRomans Hate him all you want stats say Trumps doing a good job
Source: CNN - 🏆 4. / 95 Read more »

FedEx earnings could save this lagging sectorFedEx is set to report earnings after the bell, and it could be a lifeline to this lagging sector. Nope. Awful earnings.
Source: CNBC - 🏆 12. / 72 Read more »

FedEx falls after missing on earnings and revenueFedEx is set to report earnings after the bell How did they send in their earnings? Hope they 'deliver' a good 'package'!! Great puns there. (With help from my Singaporean Executive Assistant, Jon. We both guffawed at that.) Best, Michael
Source: CNBC - 🏆 12. / 72 Read more »