📉FedEx, GE spook markets 🪙 Loonie at 2020 low ‼️ White House jawbones on crypto Here’s what you need to know today:
in pre-market trading and this is surely one of the reasons for the broadly sour mood across U.S. futures contracts. While there was no mention of outright job cuts in the release, FedEx did state it’s deferring some hirings and closing 95 offices and service locations as part of its plan to reduce costs.
Pentwater Capital Management is buying itself more clout for its fight against Rio Tinto’s planned takeover of Turquoise Hill Resources. Pentwater New Gold attracted a positive review from an analyst at National Bank of Canada Financial Markets after the minerit produced 41,000 gold equivalent ounces in July and August at its Rainy River mine that was flooded earlier this year. It also said production has started at the underground Intrepid zone. Mike Parkin at NBF said he expects New Gold shares will outperform peers today.its chief financial officer.
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