FedEx’s performance is often seen as a bellwether for the general economy. So, when FedEx issued disappointing earnings, it was a warning for investors. Source: CNBC Daily Open: Markets see worst day in months on FedEx slump
Category: CNBC
Citigroup is exiting businesses with poor returns to bolster the bank’s odds of hitting Fraser’s performance targets. Source: Citigroup to close global distressed-debt business as part of CEO Jane Fraser’s overhaul
A European Union court on Wednesday upheld sanctions imposed on Russian billionaire Roman Abramovich following a legal challenge. Source: Russian billionaire Abramovich denies benefiting from Ukraine war after EU court upholds sanctions