FedEx Stock Drops: Tariffs Cited as Major Hurdle in Latest Profit Forecast
FedEx has seen a sharp decline in its stock price after issuing a weaker-than-expected profit forecast. The company is blaming renewed US-China trade tensions and rising tariffs as key reasons behind the dip, signalling potential trouble ahead for the logistics sector and the broader stock market. Notable Dip After Guidance Surprise FedEx stock dropped nearly…