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Jolt from Japan, Count on the Consumer?, and Shipping & Shoes 12/20/22

The Exchange

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FedEx Shares Up 12% This Quarter

FedEx shares are up 12% this quarter as they look to bounce back from a round of seriously steeped cost cuts. The company said in September that it'd have to cut costs by nearly $2.7 billion as e-commerce slowed. This resulted in furloughs, warehouse closures and the suspension of Sunday deliveries right ahead of the holiday rush.

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