FedEx agrees to sell its FedEx Supply Chain unit to CMA CGM in a $1.4 billion deal
The sale of FedEx’s contract logistics business would shift assets to CMA CGM’s logistics arm, positioning the French shipping group to expand in North America.
Business headlines from the Apex backend, organized by sectors and major public companies for faster market scanning.
The sale of FedEx’s contract logistics business would shift assets to CMA CGM’s logistics arm, positioning the French shipping group to expand in North America.
THE APEX TIMES
The Wall Street firm raised its quarterly dividend and renewed a large stock repurchase program, a move investors typically read as a announcement of confidence, even as questions persist about the durability of capital strength and risk conditions.
After a week of strong gains, markets entered a holiday lull with futures moving higher in technology-related areas even as some artificial-intelligence-linked stocks fell sharply Thursday. Apple and Robinhood were flagged by a market-timing service using “flash buy” outlines.
A recent market commentary argues that IREN’s shift from Bitcoin mining toward AI infrastructure could position the company differently than traditional GPU-centric narratives.
A market commentary published Tuesday pointed to a steep six-month decline in Netflix’s stock and a relative underperformance versus the S&P 500, while still listing reasons some investors continue to back the streaming giant.
The defense contractor is scheduled to report fiscal 2026 second-quarter results on July 23. Wall Street is looking for $7.28 in earnings per share, a marginal decline versus the year-ago quarter, as investors scan for margin and demand outlines across its major business segments.
Both NVIDIA and Micron Technology have benefited from the rapid buildout of AI data centers, yet their businesses sit at different points in the supply chain. NVIDIA sells the compute platform that trains and runs AI models, while Micron is positioned behind the memory capacity that such systems increasingly consume.
In a note referenced by TheStreet, Bank of America argues that Ford’s opportunity extends beyond the electric-vehicle ramp as EV demand and economics remain uneven.
A fresh analysis puts AMD’s forward 12-month price-to-earnings multiple at 54.08x, far above the broader technology peer benchmark, while pointing to strong demand for data-center chips alongside weakness in gaming and client PCs.