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FedEx Raises Forecast, Downplays War Impact
What happened
FedEx does not expect the war in the Middle East to have a direct material effect on its business but warned of broader consequences to the overall economy. The parcel giant is raising its full-year profit forecast. Bloomberg Intelligence senior analyst Lee Klaskow joins Bloomberg Open Interest to talk about the results. (Source: Bloomberg)
Why people care
Reported by Bloomberg.
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