[ad_1] (Reuters) -FedEx announced the much-anticipated spinoff of its less-than-truckload freight division on Thursday, as it looks to restructure its operations and focus more on its core delivery business, sending shares in the parcel delivery giant up as much as 10% in after-hours trading. Analysts believe the spinoff could unlock up to $20 billion in shareholder value while clearing the way for FedEx (NYSE:) management to focus on restructuring, potentially boosting long-term growth prospects for its core package operations and what will become a separate freight business. FedEx Freight is the largest U.S. provider of less-than-truckload services, which involve carrying…
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[ad_1] (Reuters) -FedEx announced the much-anticipated spinoff of its less-than-truckload freight division on Thursday, as it looks to restructure its operations and focus more on its core delivery business, sending shares in the parcel delivery giant up as much as 10% in after-hours trading. Analysts believe the spinoff could unlock up to $20 billion in shareholder value while clearing the way for FedEx management to focus on restructuring, potentially boosting long-term growth prospects for its core package operations and what will become a separate freight business. FedEx Freight is the largest U.S. provider of less-than-truckload services, which involve carrying multiple…
[ad_1] Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.Frederic J. Brown | Afp | Getty ImagesNike on Thursday posted better-than-expected results under new CEO Elliott Hill, who said the company is taking “immediate action” to fix the business and return it to growth.While expectations were low for the company headed into the release, the sneaker giant handily beat Wall Street’s expectations on the top and bottom lines.Here’s how Nike did in its fiscal second quarter of 2025 compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings…
[ad_1] In recent transactions reported to the Securities and Exchange Commission, Ken Xie, President and CEO of Fortinet , Inc. (NASDAQ:), sold shares worth approximately $4.43 million over two days. The sales occurred on December 17 and 18, with stock prices ranging from $93.53 to $99.21 per share. The cybersecurity giant, currently valued at $72.57 billion, has seen its stock surge over 59% year-to-date, according to InvestingPro data. On December 17, Xie sold a total of 22,916 shares, with prices varying between $97.06 and $99.36. The following day, he sold an additional 22,628 shares, with prices ranging from $92.93 to…
[ad_1] If you’re planning to open a short-term CD before the new year, you may want to consider these top account options. Getty Images For the past several years, savers who have wanted to maximize the returns on their money have had lots of great options to choose from. After all, the high-rate environment that made it tough to borrow money at an affordable rate also had an upside: high rates on interest-bearing accounts. As a result, savers who were looking for hefty returns on their money had plenty of high-yield savings accounts and certificates of deposit accounts to choose…
[ad_1] Antoinette Renee Leatherberry, a director at Direct Digital Holdings, Inc. (NASDAQ:DRCT), recently sold 7,038 shares of the company’s Class A common stock. The transaction, which took place on December 18, 2024, was executed at a price of $0.85 per share, totaling approximately $5,982. The sale comes as DRCT shares trade near their 52-week low of $0.58, having declined over 96% year-to-date. Following this sale, Leatherberry retains ownership of 55,812 shares in the company. According to the filing, the shares were sold to cover tax liabilities related to a previous grant of 24,615 shares. With a current market capitalization of…
[ad_1] NEW YORK, December 19, 2024–(BUSINESS WIRE)–Clean Maine Carbon (CMC) has issued its first biochar CO2 Removal Certificates (CORCs) on the Puro.earth registry with Flowcarbon as its carbon development partner. This accomplishment underscores CMC’s leadership in sustainable carbon removal and highlights biochar’s transformative role in combating climate change and enhancing agricultural practices. Based in Greenville, Maine, CMC transforms locally sourced, low-value woody biomass into premium biochar. This process both repurposes waste materials and sequesters carbon, contributing to climate change mitigation. Biochar serves as an eco-friendly soil amendment, improving soil health, enhancing water retention and reducing the need for chemical fertilizers.…
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[ad_1] $1 Billion Share Repurchases Completed During QuarterFull-Year Fiscal 2025 Earnings Outlook RevisedFedEx Completes FedEx Freight Assessment, Will Pursue Full Separation and Create a New Publicly Traded LTL Company MEMPHIS, Tenn.–(BUSINESS WIRE)–FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the item listed below): Fiscal 2025 Fiscal 2024 As Reported(GAAP) Adjusted(non-GAAP) As Reported(GAAP) Adjusted(non-GAAP)Revenue $22.0 billion $22.0 billion $22.2 billion $22.2 billionOperating income $1.05 billion $1.38 billion $1.28 billion $1.42 billionOperating margin 4.8% 6.3% 5.8% 6.4%Net income $0.74 billion $0.99 billion $0.90 billion $1.01 billionDiluted EPS $3.03…
[ad_1] A look at the day ahead in U.S. and global markets from Mike Dolan Although the Federal Reserve’s “hawkish cut” on Thursday had been broadly expected, markets now fear 4% policy rates will be the floor for the coming year at least – and no further easing until midyear or later. The picture painted by the Fed removes monetary easing as tailwind from the stock market for months and has seen the dollar rocket to its highest in more than two years – bowling over emerging, developed and crypto currencies alike. Lifting their median inflation forecast for next year…