FedEx Stock Soars: A New Outlook

FedEx stock skyrockets after reinstating its full-year outlook, defying earlier investor concerns about shipping demand and tariffs. The company projects revenue growth between four and six percent, announces a one-billion-dollar cost-cutting plan, and intends to spin off its freight business. This news follows a strong first quarter with revenue up nearly three percent, driven by U.S. shipping volumes, signaling renewed confidence and strategic focus. Hosted on Acast. See acast.com/privacy for more information.