FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year.The company achieved its "structural cost reduction target, in the face of ongoing headwinds," CEO Raj Subramaniam said...
Category: News
Streaming surpasses combined broadcast and cable viewing for the first time
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.Streaming represented 44.8% of total TV viewership in May, its largest share to date, while the combination of broadcast, with 20.1%, and cable, with 24.1%, represented 44.2% of TV viewing, according...
Shares of scandal-plagued Brazilian meat giant JBS rise 3% in U.S. public debut
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty ImagesShares of Brazilian meat giant JBS rose during their U.S. public market debut on Friday.The opening trade of $13.65 per share values the company at roughly $30 billion, outstripping rival...
Air India crash: What to know about the first fatal Boeing Dreamliner tragedy
A view shows the wreckage of an Air India aircraft, bound for London's Gatwick Airport, which crashed during take-off from an airport in Ahmedabad, India June 12, 2025. Adnan Abidi | ReutersAn Air India plane that was bound for London and carrying 242 people crashed seconds after takeoff in western...
RFK Jr. removes all members of CDC panel advising U.S. on vaccines
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. testifies before the Senate Committee on Appropriations hearing on the Department of Health and Human Services budget, on Capitol Hill in Washington, D.C., U.S., May 20, 2025. Ken Cedeno | ReutersHealth and Human Services Secretary Robert F. Kennedy Jr....