The shipping company FedEx warned that a global recession could come, so it cut its sales forecast by US $ 500 million.
After the announcement, its shares fell 21%.
FedEx said package demand has weakened considerably in recent weeks.
FedEx announces that due to a possible recession it would stop earning US$ 500 million
2022-09-19T19:56:39.394Z
The shipping company FedEx warned that a global recession could come, so it cut its sales forecast by US $ 500 million. After the announcement | World | CNN
/cloudfront-eu-central-1.images.arcpublishing.com/prisa/JHLX47SHC5CTZBAKK7AZFYX7WY.jpg)
