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FedEx’s Q3 earnings (period ending Feb 28) announcement last Thursday evening disappointed Wall Street causing its stock to drop like a brick. However, in my opinion, FedEx is doing not great but ok as it marches forward with its strategic network redo, plans to spin off FedEx Freight, combine Ground and Express and other cost-cutting measures.
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Chauncey Mayfield II, partner and leader in the commercial transaction and practice group of Honigman LLP, discusses the uncertainties and cost of Trumps new tariffs on automotive parts.
Many companies were initially reticent earlier this earnings season to pin cloudy outlooks specifically on Trumps tariffs. But the sentiment has shifted in recent weeks.
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