FedEx warns of a global recession, cutting sales forecast by half a billion dollars

FedEx warns of a global recession, cutting sales forecast by half a billion dollars

"FedEx warned that a global recession could be coming, as demand for packages around the world tumbles.
...The weakening global economy, particularly in Asia and Europe has hurt FedEx (FDX)’s express delivery business. 

...During an interview Thursday on CNBC, FedEx CEO Raj Subramaniam was asked if he believes the slowdown in his business is a sign of the start of a global recession..."