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FedEx Global Volumes Decline, CEO Expects A Worldwide Recession | TPTS

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First published at 04:19 UTC on September 16th, 2022.

#recession
#economy
#biden

rethinkingthedollar

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FedEx reduced its full-year projections and announced cost-cutting measures, citing lackluster worldwide cargo volume. Global volumes decreased as macroeconomic factors deteriorated, CEO of #FedEx Raj #Subramaniam stated. We're increasing cost-cutting measures notwithstanding this unsatisfactory result. Subramaniam claimed he predicts a "global #recession" on CNBC's Mad Money.

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DISCLAIMER: The financial and political opinions expressed in this video are those of the guest and not necessarily of "Rethinking the Dollar." Views expressed in this video should not be relied on for making investment decisions or tax advice and do not constitute personalized investment advice. The information shared is for the sole purpose of education and entertainment.

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