Free Republic

FedEx FDX –0.07% stock was tumbling after the company doubly disappointed investors Thursday by announcing weak quarterly results earlier than expected while withdrawing its full-year financial guidance. The stock was down 20% in premarket trading Friday after FedEx (ticker: FDX) said it earned $3.44 a share from $23.2 billion in sales in its fiscal 2023 first quarter which ended in August. Wall Street was looking for $5.10 in per-share earnings from $23.5 billion in sales. Sales were close, but management said revenue was impacted by “global volume softness.” The economy is slowing. Costs are also a problem. The company is...

Wyoming, faux Republican, Liz Cheney’s husband, Phillip Perry, is a partner at the law firm now representing Hunter Biden. Perry has worked at Latham & Watkins since 2007, and focuses on white collar cases, commercial and Supreme Court litigation. Another Latham partner, Chris Clark, has been representing Hunter Biden since December 2020 — but Cheney’s husband’s involvement at the firm had not been previously known. Latham is a Democratic powerhouse, with company attorneys and other employees donating more than half a million dollars to President Biden’s 2020 campaign. Clark himself ponied up $3,800. But wait! Here’s something that’s even more...