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Company News for Sep 26, 2022

  • Shares of Costco Wholesale Corp. COST tumbled 4.3% after the company said that it is seeing higher freight and labor costs going forward.

  • Shares of FedEx Corp.FDX tanked 3.4% after the company announced cost-cutting measures and increased its shipping rates.

  • Intel Corp.’s INTC shares slid 2% to its lowest since 2015  following escalation of the risk-free market interest rate.  

  • Warner Bros. Discovery Inc.’s WBD shares dropped 1.8% to its lowest since 2019  following the fear of a recession in late 2022 or early 2023.


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