FedEx Tariff Concern; Quantumscape Battery Leap; Coinbase Jumps
On this episode of Stock Movers:- FedEx (FDX) is sinking on a warning on tariffs. FedEx warns that its profit will be worse than expected this quarter due to the impact of President Donald Trump's trade war on its business. The company's shares dropped 6% in premarket trading, and its stock is down 18% year to date, with US-China shipments deteriorating sharply in May.- Quantumscape (QS) shares are soaring after the company said it made a big leap forward in its process for making solid-state batteries. The battery startup said after the bell that it has successfully integrated its advanced…
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