FedEx CEO Prediction Of Worldwide Recession Rocks The Market

  • FedEx shares dropped more than 21 percent, the company’s worst day in history, after CEO Raj Subramaniam predicted a worldwide recession.
  • FedEx is viewed as a bellwether for the health of the US economy.
  • “I think so,” Subramaniam said when asked if a worldwide recession was imminent. “These numbers, they don’t portend well. We are a reflection of everybody else’s business, especially the high-value economy in the world,” the FedEx CEO added.

Click to read full article Go back home

Sign Up for Our Newsletter

Join our list!

Sign up here to get our daily newsletter with the top trending headlines.