JPMorgan’s (NYSE: JPM) famous CEO Jamie Dimon recently said the US economy should not count on a soft landing. It is too early to rule out inflation. Unemployment is rising. His opinion may be in the minority,

FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.

FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in rivals United Parcel Service and DHL, which are also grappling with sluggish demand and an overhead cost hangover from the early pandemic's ecommerce boom.

FedEx shares dragged on the market with a drop of 15.2% after its profit and revenue for the latest quarter fell short of analysts' expectations. It said U.S. customers sent fewer packages through priority services,

By Shivansh Tiwary (Reuters) -Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries.