FedEx Tariff Warning; Coinbase Boost; BlackBerry Climbs
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. - UPS (UPS) shares are following FedEx lower on broader concerns about the shipping industry. President Donald Trump’s erratic trade policies continue to handcuff the ability of executives to predict where their…
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