Bad News and Good News on the Economy

Fedex says the global economy is worsening:

‘”Weak global economic conditions dampened revenue growth (and) drove a shift by our customers to our deferred services,” Chief Financial Officer Alan Graf said in a statement.’

Meanwhile, Kohl’s is more positive:

‘ [Kohl’s Department Stores] unveiled plans on Tuesday to hire 52,700 seasonal workers this year. That’s a 10% jump in seasonal hiring compared to last year … ‘

 

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