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Company News for Sep 26, 2022

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  • Shares of Costco Wholesale Corp. (COST - Free Report) tumbled 4.3% after the company said that it is seeing higher freight and labor costs going forward.
  • Shares of FedEx Corp.(FDX - Free Report) tanked 3.4% after the company announced cost-cutting measures and increased its shipping rates.
  • Intel Corp.’s (INTC - Free Report) shares slid 2% to its lowest since 2015  following escalation of the risk-free market interest rate.  
  • Warner Bros. Discovery Inc.’s (WBD - Free Report) 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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