FedEx sees global trade slowdown, says U.S. economy still 'solid'
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(Reuters) - FedEx Corp on Tuesday slashed its 2019 forecast after Europe's economy weakened and the U.S. trade row exacerbated a slowdown in China, sending shares in the package delivery company tumbling more than 6 percent after the closing bell."Global trade has slowed in recent months and leading indicators point to ongoing deceleration," said FedEx Chief Financial Officer Alan Graf.FedEx, which is in the throes of a record-setting winter holiday shipping season, launched a new cost-cutting..