(Bloomberg) -- The pound resumed its slide against the dollar after Bank of England Governor Andrew Bailey tempered speculation of an emergency rate hike to shore up the battered currency.Bailey said policy makers would assess the fall in sterling at their next scheduled meeting in November, after a volatile trading session rife with rumors that central bank action was imminent. The pound slipped back toward a record low touched earlier Monday after the announcement, sliding 1.7% to $1.0678.Trad
Jefferies (JEF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
There was a sell-off in cardboard packaging stocks this morning, with shares of International Paper (NYSE: IP) down 9.4% at 10:30 a.m. ET on Friday, Packaging Corporation of America (NYSE: PKG) shares down 9.7%, and the stock of WestRock (NYSE: WRK) down 9.8%. Shares of FedEx (NYSE: FDX) plunged more than 22% this morning after the company issued an earnings warning predicated on softening global volume. The volume FedEx referred to was the number of packages wrapped in cardboard and shipped to customers.