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A FedEx employee wearing a protective mask and gloves loads boxes into a truck amid the coronavirus pandemic on April 28, 2020 in New York City,— The shipping company's stock climbed 9% after the closing bell following its
release of fourth-quarter earnings. The shipping company reported earnings of $2.53 per share on revenues of $17.36 billion, beating analysts' estimates of $1.52 per share on revenues of $16.4 billion, according to Refinitiv. The company
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China Releases American FedEx Pilot After Nine Months in DetentionChinese authorities freed retired U.S. Air Force colonel Todd A. Hohn, who was under investigation for smuggling ammunition, easing a pressure point on the shipping giant that has been in Beijing’s crosshairs amid disputes between the U.S. and China.
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Goldman sees more volatility, says buy these stocks with the best potential risk-adjusted returnsNew for subscribers: Goldman sees more volatility, says buy these stocks with the best potential risk-adjusted returns Check out CNBCPro for a free trial.
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Two bank stocks could still be a buy after Fed exposes problem areasBanks tumbled Friday after the Federal Reserve highlighted potential vulnerabilities in the sector. These two names still look like solid plays in the space, according to Piper Sandler's Craig Johnson and Laffer Tengler Investment's Nancy Tengler.
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Morgan Stanley is bullish on Singapore stocks and expects 14% returnsInvestors could increasingly be looking to Singapore as a safe place to invest in as uncertainty roils the region, the investment bank said.
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Asia stocks wary as coronavirus threatens economic reopeningAsian share markets began the week with a cautious tone on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar.
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Asia stocks slip as coronavirus cases surgeAsian share markets got off to a shaky start on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the U.S. dollar.
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