The Takeaways From FedEx's Raised Profit Forecast

The collapse of eFishery, once a promising unicorn in Indonesia's startup ecosystem, has raised concerns among investors, leading to a shift in focus towards financial discipline rather than ambitious promises. This failure reflects broader challenges within the Indonesian market.

FedEx reported its Q2 2026 earnings, surpassing analysts' expectations, which led to a rise in its stock price. The company has raised its adjusted earnings forecast for the fiscal year to a range of $17.80 to $19 per share, indicating strong financial performance.

U.S. stocks rose following a better-than-expected Consumer Price Index (CPI) inflation report, indicating positive market sentiment as discussed during Bloomberg's closing bell coverage. Analysts Romaine Bostick, Katie Greifeld, Carol Massar, and Tim Stenovec provided insights on the market's performance across various platforms.

Oil prices are on track for a second consecutive weekly decline, primarily driven by concerns over a growing global glut that is overshadowing potential supply disruptions. This trend reflects ongoing volatility in the oil market as traders react to changing supply dynamics.

Wealthy Australians are increasingly investing in private markets, a shift that is transforming how the nation's affluent accumulate wealth amid rising global credit risks. This trend reflects a growing confidence among high-net-worth individuals in alternative investment avenues as traditional markets face uncertainties.

Nike reported a 1% increase in revenue to $12.4 billion, surpassing analyst expectations, but faced significant challenges in China and with its Converse brand, which saw a 30% decline in sales during the fiscal second quarter ending November 30. This weakness overshadowed the positive revenue figures, leading to a drop in shares.

FedEx has raised the low end of its full-year profit and sales outlook, indicating that its cost-cutting measures and restructuring of delivery networks are proving effective as demand for shipping improves. The company now expects adjusted earnings of $17.80 to $19 per share for the fiscal year, following a second-quarter profit that exceeded expectations.

FedEx reported a higher second-quarter revenue, driven by an increase in package volumes, prompting the company to raise the lower end of its profit outlook for the fiscal year. This adjustment reflects a positive trend in demand for shipping services despite ongoing challenges in global trade dynamics.