Cointime

Cointime

Download App
iOS & Android
Home / Point

FedEx to Spin-Off Freight Business Worth Over $30 Billion, Focusing on Core Delivery Business

FedEx is set to experience a rise in stock levels after announcing the spin-off of its freight business, which is valued at over $30 billion. This move will allow the company to focus on its core delivery business and improve profitability. Investors seeking a less volatile investment option may want to consider the Trefis High Quality Portfolio, which has outperformed the S&P. Despite recent gains, FedEx's earnings have decreased due to lower revenues and margin contraction, and the stock has been more volatile than the S&P 500.

A script is being created and added to an iframe document, with a source URL directing to a video player. The script is set to defer and is of the text/javascript type. A fetch operation is then executed to retrieve a JSON file containing URLs for a CSS stylesheet and an HLS script, which are then added to the head of the document. Finally, a function is called to display a video player using a unique ID generated by the script.

Comments

All Comments

Recommended for you

  • Shares of Three Major Cloud Providers Rise Over 2% in U.S. Market

    On November 9, shares of three major cloud providers in the U.S. market rose over 2%, with Google and Microsoft both increasing by 2%, and Amazon rising by 2.6%.

  • JPMorgan Remains Optimistic on US Stocks, Believes Investor Pessimism May Be Nearing Peak

    JPMorgan strategists have indicated that following last week's momentum trading collapse, investor pessimism may be nearing its peak, viewing the current sell-off as a deleveraging process. "After the largest unwinding of long momentum strategies relative to the market in about 40 years, signs of investor capitulation are becoming more apparent," stated the team led by Dubravko Lakos-Bujas. The deleveraging indicators have returned to levels seen during the 'liberation day' period, while investor sentiment has shifted from bullish in June to bearish. (Bloomberg)

  • Clarification on Blockchain Information Service Registration: Names Must Not Include Virtual Currency, Exchanges, or ICOs

    According to an official announcement from the Cyberspace Administration of China titled "Summary of Common Questions and Answers on Blockchain Information Service Registration," the criteria for registration and acceptance have been clarified. Service names must clearly reflect their actual use, be specific, and must not exaggerate or fabricate the scope of use. Names must not include terms such as virtual currency, exchanges, or ICOs. There are five categories of situations that may affect registration applications: involvement in virtual currency issuance, trading, ICOs, etc.; servers deployed overseas; failure to complete the ICP registration as required; submission of unclear materials or inconsistent information; and not falling within the scope of blockchain information service registration. The Q&A also clarifies that BaaS (Blockchain as a Service) cloud service platforms fall within the registration scope: according to the "Regulations on the Management of Blockchain Information Services," operators providing BaaS services such as blockchain infrastructure, nodes, and evidence storage to external entities must follow the registration procedures. The summary does not indicate the publishing agency or the publication date.

  • Zcash Developers Propose Reducing Block Interval from 25 Seconds to 20 Seconds, Awaiting Approval

    On November 9, CoinDesk reported that Zcash developers Dev Ojha and Evan Forbes proposed shortening the target block interval from 25 seconds to 20 seconds. This plan is set to be discussed in the next community vote and may be included in the upcoming NU7.1 upgrade; however, the proposal has not yet been approved, and there is no confirmed activation date. Zcash recently reduced the interval from 75 seconds to 25 seconds in the NU7 upgrade. Under the new proposal, the expected wait time for three confirmations of a transaction would decrease from 75 seconds to 60 seconds, although actual wait times may still fluctuate. Testing conducted by developers on 80 miners across 12 regions showed that the orphan block rate for 20-second blocks ranged from 1.9% to 3.3%, varying with the software used. The proposal also suggests lowering the private transaction capacity per block to maintain daily capacity, issuance plans, and the 21 million supply cap.

  • Signals of Easing in the Strait of Hormuz as Brent Oil Continues Historic Weekly Decline

    On November 9, as diplomatic efforts to end the Middle East conflict continue, an unverified report suggested that Iran has made concessions regarding the Strait of Hormuz, leading to a drop in oil prices. The international benchmark Brent crude oil price fell by over 3%, nearing $95 per barrel, extending its largest weekly decline since April 2020. Previously, U.S. President Trump stated over the weekend that he was 'extremely unlikely' to order a large-scale strike against Iran, but he told CNN that it depends on whether Iran signs a 'very strong agreement,' which subsequently caused oil prices to retreat. Following this, Israeli media reported an unverified claim that Iran seems to have abandoned its demand to control the Strait of Hormuz and charge passing ships for passage, causing oil prices to hit a new daily low. The Democratic Party's comprehensive victory in the midterm elections eased market concerns about a severe escalation of conflict, and crude oil prices have significantly retreated from a six-month high reached at the end of October. However, it remains unclear whether these signs of easing tensions can translate into substantive progress in negotiations. Iranian state television (IRIB) reported that the U.S. again attacked Iran's Qeshm Island in the Strait of Hormuz overnight, while U.S. Secretary of State Rubio downplayed the likelihood of a breakthrough in negotiations.

  • Iran Appears to Abandon Demand for Control of Strait of Hormuz

    On November 9, according to Israel's 'The Times of Israel', Iran seems to have abandoned its demand for control over the Strait of Hormuz, as well as its claim to charge tolls for ships passing through this strategic waterway.

  • U.S. Stock Futures Rise, Dow Futures Up Over 1%

    U.S. stock futures rose, with Dow futures increasing by over 1%. S&P 500 futures climbed by 0.7%, and Nasdaq 100 futures were up by 0.5%.

  • WTI Crude Oil Falls Below $89 per Barrel

    Both WTI and Brent crude oil prices declined, with WTI crude falling below $89 per barrel, a daily drop of 1.65%. Brent crude oil experienced a decline of over 2% during the day, currently reported at $95.92 per barrel.

  • Iranian President: Supreme Leader Has Directed to End 'Neither War Nor Peace' Status

    According to Saudi media Alhadath, the Iranian President stated that Supreme Leader Mujtaba has issued instructions to end the status of 'neither war nor peace.' We can negotiate and reach an agreement while maintaining our dignity. We have no right to ignore Iran's future, nor do we have the right to destroy it.

  • Sources: U.S. Proposes New Plan to Iran - Trading Money and Sanctions for Nuclear Agreement

    According to UAE media 'Eram News', diplomatic sources familiar with the U.S.-Iran mediation process stated on Monday that the Americans proposed a phased agreement to partially lift sanctions in a document attached to a proposal from Qatar, starting with the reopening of the Strait of Hormuz. The next phase would involve gradual negotiations on nuclear issues, including the lifting of sanctions and the phased unfreezing of Iran's frozen assets. After the signing of a comprehensive nuclear agreement, the unfreezing ratio could reach 30%. The sources also indicated that Tehran has yet to respond to the U.S. proposal and is waiting for what it deems necessary commitments before agreeing to discuss navigation arrangements in the Strait of Hormuz, linking this to the lifting of sanctions and the progress of asset unfreezing. The sources noted that Tehran demands Washington first make clear commitments within the framework of 'Strait for Sanctions' before turning to discuss other topics. Iran currently avoids specifying the exact nature of these other topics and is reluctant to include them in the negotiation framework. Meanwhile, the U.S. has refused to make explicit commitments to include the lifting of sanctions in any agreement limited to the reopening of the Strait of Hormuz. This complicates the prospects for direct negotiations with Tehran. Iran also insists on the withdrawal of U.S. forces from waters near the Arabian Sea and the Gulf of Oman.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company