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Exclusive-Paris finance summit to push development banks to take on more risk -draft
PARIS (Reuters) – Leaders meeting this week at a summit in Paris are set to back a push for multilateral development banks like the World Bank to put more capital at risk to boost lending, according to a draft summit statement seen by Reuters. Multilateral development banks are expected to be at the centre of […]
FedEx Q4 revenue falls short as demand weakness, higher costs weigh
FedEx reported Tuesday mixed fiscal fourth-quarter results as earnings beat, but revenue missed Wall Street estimates amid ongoing demand weakness and rising costs. FedEx Corporation (NYSE:FDX) fell more than 4% in aftermarket trading following the report. FedEx reported adjusted EPS of $4.94 on revenue of $21.90 billion. Analysts polled by Capital IQ anticipated EPS of […]
Stock market today: Dow stumbles as energy slides ahead of Powell testimony
The Dow closed lower Tuesday, pressured by energy stocks as investors paused their bullish bets on stocks ahead of the Federal Reserve chairman Jerome Powell’s testimony before Congress due Wednesday. The Dow Jones Industrial Average fell 0.7%, or 245 points, the Nasdaq fell 0.2%, and the S&P 500 fell 0.5%. All Eyes on Fed Chairman […]
