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FedEx posts profit as online shopping boom continues

FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business shipping services.

Elon Musk hints at Starlink IPO

SpaceX founder Elon Musk said Wednesday night that it would be "at least a few years" before satellite broadband service Starlink would be publicly listed.

FedEx suspended service for 1,400 freight customers

FedEx Corp. suspended about 1,400 customers of its Freight shipping service earlier this month, a move that surprised customers and was aimed at easing a congested network taxed by relentless package volume.

Prosecutors balk at Avenatti's 7th sentencing delay request

Prosecutors did not find Michael Avenatti’s seventh request to delay sentencing a charm, saying Tuesday that the once high profile California lawyer should be forced to hear his punishment next week for trying to extort Nike for up to $25 million.

Fast-food chains cut discounts, push pricy meals post-pandemic

NEW YORK - Restaurant chains including McDonald's Corp and KFC are paring back $5-and-under "value" items in favor of more expensive $10-to-$30 combination meals, a strategy employed to lift sales and profits and offset rising food costs as the U.S. economy reopens.