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UPS third-quarter profit drops on slowing global trade

United Parcel Service Inc reported lower quarterly profit on Tuesday, citing slowing global trade, and said there was "some uncertainty" about the strength of the coming holiday season.

 

FedEx Spooks Everyone Saying Global Economy Will Cool Significantly

FedEx scared markets in its first quarter earnings report, noting the global economy would slow and demand, particularly from Asia, would cool, putting downward pressure on the stock.

 

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