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FedEx needs to deliver on cost-cut plan as investor patience wanes -analysts say

Reuters | September 23, 2022

By Kannaki Deka and Lisa Baertlein (Reuters) -FedEx Corp’s new chief executive must show he can play catch up on costs without further eroding service, Wall Street analysts said on Friday, after the global delivery company laid out plans to slash up to $2.7 billion in expenses for fiscal 2023. FedEx’s plan announced on Thursday […]

Walmart plans cautious holiday hiring amid slowing U.S. economy

Reuters | September 21, 2022

By Siddharth Cavale NEW YORK (Reuters) -Walmart Inc sounded a cautious note about holiday retail sales on Wednesday, planning to hire fewer workers than last year as it prepares for the critical season in the middle of a slowing economy. The largest U.S. retailer announced plans to add 40,000 workers in seasonal and full-time roles […]

Nvidia unveils new gaming chip with AI features, taps TSMC for manufacturing

Reuters | September 20, 2022

By Stephen Nellis (Reuters) – Nvidia Corp on Tuesday announced new flagship chips for video gamers that use artificial intelligence (AI) to enhance graphics, saying it has tapped Taiwan Semiconductor Manufacturing Co to make the processors. Nvidia has gained attention in recent years with its booming data center business, which sells chips used in artificial […]

Amtrak to resume normal operations Friday after labor deal

Reuters | September 15, 2022

By David Shepardson WASHINGTON (Reuters) -U.S. passenger railroad Amtrak said it will resume normal operations Friday as it works to quickly restore canceled trains after a freight rail labor deal was announced, averting a rail shutdown. Amtrak had announced on Wednesday that it would temporarily cancel all of its long-distance trains starting on Thursday – […]