Core Insights - FedEx Corp. reported strong consolidated results for the second quarter of fiscal 2026, with revenue reaching $23.5 billion, an increase from $22.0 billion in the same quarter of fiscal 2025 [1] - The company achieved an operating income of $1.38 billion, with an adjusted operating income of $1.61 billion, reflecting improvements in operating margin and net income [1][2] - The financial performance was driven by higher U.S. domestic and International Priority package yields, cost reductions, and increased package volume, despite challenges from global trade policies and rising costs [2][3] Financial Performance - Revenue for Q2 fiscal 2026 was $23.5 billion, compared to $22.0 billion in Q2 fiscal 2025 [1] - Operating income increased to $1.38 billion (GAAP) and $1.61 billion (non-GAAP), up from $1.05 billion (GAAP) and $1.38 billion (non-GAAP) in the previous year [1] - Net income rose to $0.96 billion (GAAP) and $1.14 billion (non-GAAP), compared to $0.74 billion (GAAP) and $0.99 billion (non-GAAP) in Q2 fiscal 2025 [1] - Diluted EPS for Q2 fiscal 2026 was $4.04 (GAAP) and $4.82 (non-GAAP), compared to $3.03 (GAAP) and $4.05 (non-GAAP) in the prior year [1] Segment Performance - The Federal Express segment saw improved operating results due to higher package yields and cost savings, while the FedEx Freight segment experienced a decline in operating results due to lower shipments and increased costs related to the spin-off preparation [2][3] - FedEx Freight incurred one-time spin-off-related costs of $152 million during the quarter [3] Share Repurchase Program - FedEx completed $276 million in share repurchases during the quarter, reducing outstanding shares and benefiting second quarter results by $0.05 per diluted share [4] - As of November 30, 2025, $1.3 billion remained available for future share repurchases under the company's authorization [5] Spin-off of FedEx Freight - The planned spin-off of FedEx Freight is on track for June 1, 2026, and is expected to be tax-efficient for stockholders [7] - FedEx Freight will operate as a separate publicly traded company under the ticker symbol FDXF [7] Outlook and Forecasts - FedEx revised its fiscal 2026 forecasts, expecting a revenue growth rate of 5% to 6% and diluted EPS of $14.80 to $16.00 before certain accounting adjustments [12] - The company anticipates pension contributions of $275 million and capital spending of $4.5 billion, focusing on network optimization and efficiency improvements [12]

Core Insights - DELIVER Middle East is set to debut in Dubai on January 21-22, 2026, focusing on retail, commerce, and supply chain leaders, supported by DP World as the Headline Sponsor and Launch Partner [1] - The event aims to fill a critical gap in the Middle East's logistics and commerce landscape, bringing together over 200 senior retail executives from prominent brands [2][3] - The matchmaking model will facilitate one-to-one meetings between retailers and solution providers, enhancing efficiency and relevance in interactions [4] Event Structure - The launch agenda will feature influential leaders discussing the transformation of retail and supply chain in the region, including topics like digital acceleration in luxury and practical supply chain roadmaps for net-zero ambitions [5][6] - Day Two will include senior-level roundtables addressing leadership themes such as last-mile transformation and automation in the workforce [8] Networking Opportunities - An exclusive invitation-only day on January 20 will precede the main event, featuring the DELIVER Elite Dinner for high-impact conversations among industry leaders [9] - Attendees will have the opportunity to tour DP World’s Jebel Ali Port, showcasing advanced logistics ecosystems and sustainable innovations [10] Awards and Community Engagement - The event will conclude with the DELIVER Vendor Awards, recognizing innovative supply chain and logistics partners, voted on by attending retailers [11] - The second day will feature a Women in Retail Breakfast, fostering connections among women leaders in the retail and logistics sectors [12]

Earnings Report - FedEx Corporation is set to release its second-quarter earnings results, with analysts expecting earnings of $4.10 per share, an increase from $4.05 per share in the same period last year [1] - The consensus estimate for FedEx's quarterly revenue is $22.79 billion, compared to $21.97 billion reported in the previous year [1] Revenue Performance - The company has surpassed analyst revenue estimates in four consecutive quarters and in five of the last ten quarters overall [2] Dividend Information - FedEx currently has an annual dividend yield of 2.06%, with a quarterly dividend of $1.45 per share, totaling $5.80 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 1,034 shares, equating to a total investment of about $291,805 [4] - For a more conservative monthly income goal of $100, an investor would need 207 shares, requiring an investment of around $58,417 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on changes in stock price [5] - Changes in the dividend payment itself can also affect the dividend yield; an increase in the dividend payment raises the yield, while a decrease lowers it [6] Stock Performance - Shares of FedEx experienced a slight decline of 0.1%, closing at $282.21 on Wednesday [6]

Core Viewpoint - Chemtrade Logistics Income Fund has declared a cash distribution of $0.0575 per unit for December 2025, payable on January 30, 2026, to unitholders of record as of December 31, 2025 [1] Distribution Details - The cash distribution amount is set at $0.0575 per unit for the month of December 2025 [1] - Payment will be made on January 30, 2026, to unitholders recorded by the close of business on December 31, 2025 [1] - Non-resident unit holders in Canada will be subject to withholding taxes on any distributions of income from the Fund [1]

Market Overview - U.S. stock futures are slightly higher after a decline in the previous session, amid concerns about a "hiring recession" following the November jobs report [1] - The November Consumer Price Index is anticipated as a key inflation indicator that could influence market sentiment in the final trading days of the year [1] Treasury Bonds and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.46% [2] - The CME Group's FedWatch tool indicates a 73.4% probability that the Federal Reserve will maintain current interest rates [2] Stock Performance - The SPDR S&P 500 ETF Trust (SPY) increased by 0.23% to $672.95, and the Invesco QQQ Trust ETF (QQQ) rose by 0.55% to $603.70 in premarket trading [2] - Accenture PLC shares decreased by 0.27% ahead of its fiscal first-quarter results, with expected earnings of $3.75 per share on revenue of $18.52 billion [6] - Micron Technology Inc. shares rose by 9.61% following a better-than-expected first-quarter performance and a strong outlook for the second quarter [6] - FedEx Corp. shares fell by 0.07% pre-market, with analysts expecting earnings of $4.10 per share on revenue of $22.79 billion [6] - Nike Inc. shares increased by 0.44% ahead of its fiscal second-quarter results, with expected earnings of $0.38 per share on revenue of $12.22 billion [13] Sector Performance - On the previous trading day, Information Technology, Consumer Discretionary, and Communication Services sectors performed well, while Energy, Health Care, Real Estate, and Financials sectors saw declines [8] Economic Data and Market Sentiment - Initial jobless claims and the November consumer price index report are set to be released, which will provide insights into price pressures and regional factory activity [14]

Market Overview - U.S. stock futures are slightly higher after a decline on Wednesday, driven by concerns over a "hiring recession" following the November jobs report [1] - The November Consumer Price Index is anticipated as a crucial inflation indicator that could influence market trends for the remaining trading days of the year [1] Treasury Bonds and Market Projections - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.46% [2] - The CME Group's FedWatch tool indicates a 73.4% probability that the Federal Reserve will maintain current interest rates [2] Stock Performance - The SPDR S&P 500 ETF Trust (SPY) increased by 0.23% to $672.95, and the Invesco QQQ Trust ETF (QQQ) rose by 0.55% to $603.70 in premarket trading [2] - Accenture PLC shares decreased by 0.27% ahead of its fiscal first-quarter results, with expected earnings of $3.75 per share on revenue of $18.52 billion [6] - Micron Technology Inc. shares rose by 9.61% following a better-than-expected first-quarter performance and a strong outlook for the second quarter [6] - FedEx Corp. shares fell by 0.07% pre-market, with analysts expecting earnings of $4.10 per share on revenue of $22.79 billion [6] - Nike Inc. shares increased by 0.44% ahead of its fiscal second-quarter results, with expected earnings of $0.38 per share on revenue of $12.22 billion [13] Sector Performance - On Wednesday, Information Technology, Consumer Discretionary, and Communication Services sectors performed well, while Energy, Health Care, Real Estate, and Financials sectors saw declines [8] Economic Data and Market Sentiment - Initial jobless claims and the November consumer price index report are set to be released, which will provide insights into price pressures and regional factory activity [14] - Asian markets closed mixed, with some indices in the green, while most European markets opened higher [15]

Core Viewpoint - Guardforce AI Co., Limited has received a notification from NASDAQ regarding non-compliance with the minimum bid price requirement, which necessitates a closing bid price of at least US$1.00 per share for continued listing [1][2]. Group 1: Compliance Notification - The notification letter from NASDAQ indicates that Guardforce AI has not maintained the required minimum bid price for 30 consecutive business days [1]. - The company has until June 10, 2026, to regain compliance by achieving a closing bid price of at least US$1.00 for a minimum of 10 consecutive trading days [2]. Group 2: Current Trading Status - The receipt of the notification letter does not immediately affect the trading status of Guardforce AI's ordinary shares, which will continue to trade on NASDAQ under the ticker "GFAI" [3]. Group 3: Company Response - To address the compliance issue, the company plans to monitor its closing bid price continuously and is considering various measures to improve its financial position and operational results [4]. Group 4: Company Overview - Guardforce AI is an AI-driven technology company focused on automation, robotics, and secured logistics, with a strong operational foundation in cash logistics and retail sectors [5]. - The company utilizes its Intelligent Cloud Platform (ICP) to deliver innovative solutions in cash management, retail automation, and Agentic AI, while also expanding into travel planning [5].

Core Viewpoint - Haoxin Holdings Limited has received a notification from Nasdaq regarding non-compliance with the Minimum Bid Price Requirement due to its Class A ordinary shares trading below US$1.00 for 31 consecutive business days [1][2]. Compliance Status - The closing bid price of the Company's Class A ordinary shares was below US$1.00 from October 30, 2025, to December 12, 2025 [2]. - The Company has a 180-calendar-day compliance period, ending on June 15, 2026, to regain compliance by maintaining a closing bid price of at least US$1.00 for a minimum of 10 consecutive business days [2][3]. Options for Compliance - If the Company does not regain compliance within the initial period, it may be eligible for an additional 180-calendar-day compliance period, provided it meets other continued listing requirements and notifies Nasdaq of its intention to cure the deficiency [3]. - The Company is considering options such as a reverse stock split to regain compliance with the Minimum Bid Price Requirement [4]. Company Overview - Haoxin Holdings Limited provides temperature-controlled truckload transportation and urban delivery services in China, focusing on factory logistics for various goods including electronic devices, chemicals, and food [5]. - The Company's transportation network covers 30 out of 34 provinces and autonomous regions in China [5].

Core Viewpoint - ConnectM Technology Solutions, Inc. has made significant strides in reducing its convertible debt, expanding its capital provider network, and enhancing its technology and infrastructure through strategic acquisitions [1][4][6]. Capital Structure and Debt Reduction - The company has retired approximately $8.4 million of convertible note principal through the issuance of about 39.5 million shares of common stock, simplifying its capital structure and aligning former noteholders with stockholders [2][4]. - As of December 15, 2025, ConnectM had 151,812,318 shares of common stock issued and outstanding [2]. New Funding Arrangements - ConnectM has established new funding arrangements with multiple lenders, including Labrys Fund II, LP and Vanquish Funding Group Inc., to enhance liquidity for working capital and growth initiatives [3][5]. Strategic Acquisitions - The company completed two strategic acquisitions in Q4 2025: Amperics, which specializes in hybrid energy storage systems, and Geo Impex, a developer of sustainable logistics infrastructure [6][8]. - The acquisition of Amperics involves the Hi-C™ hybrid energy storage technology, designed for high-power applications, while Geo Impex provides a site for an AI-driven data center and logistics park in India [8]. Future Growth and Integration - Management believes that the combination of a cleaner balance sheet, diversified capital access, and strategic technology assets positions ConnectM for disciplined growth across electrification, logistics, distributed energy, and AI infrastructure [8].

Group 1: AI and Investment Trends - AI-related investment is gaining momentum across all sectors, particularly in Western Europe, which has strong R&D capabilities and engineering talent pools attracting international companies [1] - A new paradigm of strategic capitalism is emerging, where governments prioritize national security, technological capacity, and geopolitical leverage over mere efficiency [4][5] - FDI project volumes in Europe are expected to decline significantly in 2025 compared to 2024, with a subdued outlook for 2026 due to macro-level pressures such as tariffs, regional conflicts, and political instability [2] Group 2: Regional Insights on FDI - In East Africa, FDI approvals reached approximately $4.9 billion in Q3 2025, but political developments may affect momentum into 2026, particularly post-election violence in Tanzania and Uganda's upcoming elections [6][7] - The DRC-Rwanda security situation remains unstable, impacting critical mining corridors, while South Sudan's intermittent armed clashes disrupt oil production [7][8] - In Latin America, FDI inflows totaled $189 billion in 2024, a 7.1% increase from 2023, driven by megaprojects in oil, gas, and renewable energy, but current levels remain below historical peaks [25][26] Group 3: Sector-Specific Developments - Infrastructure and energy projects continue to attract foreign capital, with multilateral pledges channeling finance into power, transport, and broadband initiatives [9] - The digital and services sectors show promise, but greenfield project numbers remain small relative to the need, with private equity and strategic tech partners leading investments [11] - In the Middle East, FDI is increasingly focused on AI infrastructure, with the data center market projected to grow from $3.5 billion to approximately $9.5 billion by 2030 [17] Group 4: North American FDI Landscape - North American FDI ended 2025 cautiously, influenced by political ambiguity and policy crosswinds, with multinationals favoring M&A over new greenfield projects [20][21] - Key inflection points for 2026 include the USMCA review, World Cup infrastructure momentum, and the operationalization of industrial policy, which may shift investor focus from incentives to execution risks [20][21] - European companies are increasingly favoring US expansion due to concerns about regulatory fragmentation and high energy costs in Europe, with a potential rise in European FDI into the US in 2026 [22][24]