Tag Economy

Breaking economic news, with reports on global stock markets, personal finance, businesses and technology.

Fed closing in on finish of rate-cut cycle: Macquarie

Investing.com — Traders now expect even fewer fee cuts than the Fed’s hawkish ahead steering seen earlier this week, suggesting the top could possibly be close to for fee cuts. “Market pricing moved hawkishly and in the direction of our…

FedEx to spin off its freight trucking enterprise

By Lisa Baertlein and Abhinav Parmar (Reuters) -FedEx introduced the much-anticipated spinoff of its freight trucking division on Thursday, because it restructures operations to deal with its core supply enterprise. Shares jumped 8% in after-hours buying and selling, including $5…