From Backing America <[email protected]>
Subject Today's Update: "'Simply staggering.' FedEx hit with downgrades, price target cuts as warning shocks Wall Street." and more
Date September 16, 2022 10:30 PM
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Friday, September 16, 2022



POLITICS



"West Virginia Gov. Jim Justice signs abortion ban into law"

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Tulsa World


"CHARLESTON, W.Va. (AP) &mdash; Republican Gov. Jim Justice on Friday signed into law a ban on abortions at all stages of pregnancy, making West Virginia the second state to enact a law prohibiting the procedure since the U.S. Supreme Court's June ruling overturning its constitutional protection."




ECONOMY



"'Simply staggering.' FedEx hit with downgrades, price target cuts as warning shocks Wall Street."

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Market Watch


"A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts.


FedEx FDX, -21.40% stock slid 20% to $165 in premarket hours after the company yanked guidance for the year, called for much lower quarterly profit and revenue and warned of a tough 2023 . The shipper blamed &ldquo;macroeconomic weakness&rdquo; in Asia and &ldquo;service challenges&rdquo; in Europe for a $500 million revenue shortfall in these regions."




SOCIAL ISSUES



"The Sanctuary City Democrats Who Changed Their Tune Once Illegals Showed Up"

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Townhall


"It's no secret that the platitudes Democrats use to shame conservatives are merely an attempt to cloak their disastrous policies in a veneer of moral superiority, but recently the left's hypocrisy has been on full display from the elected officials who run blue cities across the country thanks to Republican leaders who called the bluff and sent illegal immigrants to those whose party's policies &mdash; and their voters &mdash; are responsible for the border crisis. "




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