Turbulence for FedEx

(1) Fed’s Powell confirms our thinking: Don’t bank on a rate cut just yet. (2) “Appropriate” doesn’t mean imminent. (3) FedEx’s Smith frowns upon the US’s and China’s trade behavior. (4) FedEx hurt by slowing trade, but more’s afoot too. (5) S&P 500 Air Freight & Logistics industry has crashed so far it may be a bargain. (6) Shopify disrupting retail by helping little guys compete. (7) Planning to visit the “Most Interesting Store in the World.”