Transport Topics
FedEx Profits Rise 1% But Miss Analyst Targets
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FedEx Corp. reported profits rose about 1.3% for its fiscal second quarter versus one year ago, but earnings before tax and interest dropped 13% in the freight division, according to company earnings released Dec. 20.
Trump's DOT Pick Outlines Priorities for Agency
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The effective enforcement of safety, repairing critical infrastructure and expediting the permitting process are priorities at the U.S. Department of Transportation that Elaine Chao said she will address if confirmed as transportation secretary in the Trump administration.
US Recession Coming in 2018, Says Asset Management Strategist
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Tighter monetary policy, a strong dollar and wage pressure will help tip the U.S. into recession in 2018, says Vadim Zlotnikov, chief market strategist and co-head of multiasset solutions at AllianceBernstein.
Jobless Claims Increased to Six-Month High Last Week
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The number of Americans filing applications for unemployment benefits rose more than expected to a six-month high last week, potentially reflecting seasonal swings in a still-healthy labor market.
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