FedEx Stock Jumps 6% After Boosting Profit Forecast

FedEx shares surged over 6% pre-market after the delivery giant raised its full-year profit forecast, citing steady demand despite geopolitical tensions and high fuel costs. The company's Express segment performed strongly, offsetting freight softness.

Goldman Sachs: M&A Activity to Accelerate in 2026

Goldman Sachs forecasts a significant increase in mergers and acquisitions this year, driven by corporate cash reserves and strategic realignments, even amid ongoing global conflicts and market disruptions.

Unilever Food Business Sale Talks with McCormick Underway

Unilever confirms discussions with U.S. rival McCormick & Company regarding a potential sale of its food division, which includes Hellmann's and Knorr brands. The deal would combine these with McCormick's Cholula hot sauce amid shifting consumer trends.

TC Energy Could Return to B.C. LNG Pipeline Project

TC Energy Corp. CEO François Poirier indicates the company might reconsider involvement in the Ksi Lisims LNG pipeline project in British Columbia, citing improved prospects due to geopolitical tensions and global gas market shifts.

Oil Steadies, Stocks Mixed as Iran War Fuels Supply Concerns

Global oil prices hold steady while stock markets show mixed results, driven by heightened concerns over energy supply disruptions due to the Iran conflict. Investors remain cautious amid inflationary pressures and geopolitical tensions.

Maple Ridge Landslide Stops West Coast Express Trains

A significant mudslide in Maple Ridge has forced the suspension of West Coast Express train services, impacting commuters in the Vancouver area. Emergency crews are responding to the incident, which also caused power outages.

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