FedEx stock is falling hard in Monday’s session due to the escalating trade conflict between the US and China.
China Probes FedExWhen a multinational company gets embroiled in one of the planet’s bitterest trade wars, and one of the countries initiates an investigation into its conduct, then it is bound to have an effect on the stock. That is what has happened to American courier delivery giant FedEx (NYSE:FDX), which had misdirected packages meant for Chinese tech giant Huawei’s Asian offices and sent it to American addresses.
On Saturday, China announced that it ...
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