FedEx is the latest company to sound the alarm on the U.S. economy - MarketWatch
1. FedEx cuts profit outlook for third consecutive quarter, citing economic uncertainty. 2. Freight volumes remain weak, impacting higher-margin business performance. 3. Projected fiscal 2025 sales forecasted to be flat to slightly down. 4. Capital spending reduced to $4.9 billion, focusing on network optimization. 5. Shares dropped 5.6% after earnings announcement due to mixed results.