FedEx Reports Earnings Amid Slowing Demand and Inflation
FedEx previews its fiscal third quarter results with analysts forecasting a $2.72 per share profit on about $22.72 billion in revenue. The company has been cutting costs as demand softens, signaling a slower year over year and quarter. Inflation raises concern about consumer spending and recession risk.
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FedEx
FactSet
Energy Department releases outlook through 2050 for energy trends
The U S Energy Department releases its annual report modeling long term energy projections through 2050. The Energy Information Administration will present the 2023 Annual Energy Outlook at 2 p m Eastern time focusing on consumption and production of coal oil natural gas and renewables.
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U.S. Energy Department
Energy Information Administration
Quotable: Ice more vulnerable as it thins and melts easily
The quote notes ice is more vulnerable than before due to thinning, making it susceptible to rapid melting and loss. It emphasizes the fragility of the ice layer under changing conditions.
Stocks slump on bank worries despite markets trimming losses
U S stocks fell as fresh worries about the banking sector weighed on sentiment. The S&P 500 slid 0.7 percent while the Dow posted a small loss before paring declines by closing bell. Lennar and Smartsheet shares also moved, with Lennar down about 0.6 percent and Smartsheet up sharply on strong forecasts and earnings. The cybersecurity provider beat Fourth quarter forecasts.
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Wall Street
Douglas County grant program opens with May 4 deadline
Delayed start pushes applications to May 4 with final award recommendations to Douglas County Commission in late May. Eligible applicants include Douglas County based entities and partners with a county agency. Projects must occur in the county and finish within two years, focusing on Indigenous, LGBTQIA, marginalized groups, open space, agriculture, and adaptive reuse of historic sites. A public session is set for March 28 at Lawrence Public Library from 6 to 7 30 p m. attendance not required.
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Commission
Ammerlaan
Kammerlaan
Douglascountyks.org
Douglas County
Lawrence Public Library
Vermont St
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