CNBC’s Jim Cramer on Wednesday picked out five sectors that he thinks are performing well in the current economic environment, and he gave five he thinks are lagging behind. “Things can always change, but for the moment, I expect the winners to keep winning and the losers to keep losing,” Cramer said. Here are Cramer’s…
Check out the companies making headlines before the bell: Bumble — The online dating service surged 16% in premarket trading after disclosing $40 million in annual cost savings from firing staff, with most of the proceeds being reinvested back into the business. Bumble also raised its second-quarter guidance to $244 million to $249 million, up…
FedEx reported better-than-expected quarterly earnings and revenue Tuesday as the company announced it had achieved its $4 billion cost-cutting goal and will aim to trim another $1 billion in its upcoming fiscal year. The company achieved its “structural cost reduction target, in the face of ongoing headwinds,” CEO Raj Subramaniam said in a media release….
Frederick “Fred” Smith, president and chief executive officer of FedEx Corp., listens during the 2013 IHS CERAWeek conference in Houston, Texas, U.S., on Friday, March 8, 2013. Bloomberg | Bloomberg | Getty Images FedEx Corp’s founder and former CEO Frederick Smith, who started the global delivery conglomerate with more than a dozen planes in the…
Amazon’s experiment with delivery robots might have a science-fiction feel, but the potential cost savings for the e-commerce giant would be anything but fantasy. Morgan Stanley estimated the e-commerce and cloud giant is now investing to automate roughly $200 billion in logistics costs — a sum equal to 35% of its online retail revenue — which includes…
