Fedex Corp - FDX STOCK NEWS

Save the Chimps sanctuary in Fort Pierce, FL, showcased artwork created by chimpanzees at Art Expo NY, raising $20,000 for the sanctuary. The event, backed by Joaquin Phoenix, Rooney Mara, and FedEx, highlighted the talents of the chimps, whose canvases traveled from California to Florida, then New York. FedEx donated the shipping as part of its FedEx Cares 'Delivering for Good' initiative, which supports precious cargo requests and community aid. Save the Chimps, the world's largest privately funded chimpanzee sanctuary, provides care for over 220 chimps.

BetterInvesting Magazine's August 2024 issue has highlighted FedEx (NYSE: FDX) as the 'Stock to Study' and Gap (NYSE: GPS) as the 'Undervalued Stock'. This selection aims to provide informational and educational insights for investors.

The National Association of Investors' CEO, Ken Zendel, emphasized the utility of the Stock Selection Guide (SSG), a tool employed by investors for evaluating stock prices. The announcement was made during the annual BetterInvesting National Convention, which saw significant attendance for workshops and keynote addresses.

Committee members comprising CFA professionals reviewed stocks like Apple, Nvidia, and Tesla as part of their analysis. Investors are encouraged to use the SSG and its trial version to delve into the investment potential of FedEx by reviewing fundamental data and making informed judgments. Importantly, these picks are not official endorsements for purchase by BetterInvesting or NAIC.

FedEx announced the winners of the inaugural FedEx Founder's Fund Award, created to honor employees with significant volunteer contributions. Carol Cope from Illinois won first place with over 1,500 volunteer hours, followed by Daniel Russell from Tennessee with extensive community service and Scott O'Mary from Texas who focuses on youth leadership. Volunteers from global regions also received recognition and grants for nonprofits of their choice. This initiative, part of FedEx Cares, underscores the company's commitment to community service, inspired by founder Frederick W. Smith.

On April 23, 2024, FedEx Cares, in collaboration with the Wolf River Conservancy, Clean Memphis, and the National Fish and Wildlife Foundation (NFWF), led an effort to clean and beautify the Wolf River Greenway in Memphis. This marks 15 years of partnership between FedEx and NFWF aimed at protecting urban habitats across the nation. Nearly 40 FedEx volunteers participated in activities such as litter and tire removal, planting trees and flowers, constructing trails, and creating a floating garden. Volunteers removed 138 tires, 15 large bags of trash, and 25 large items, significantly improving the local environment.

FedEx announced the winners of its 12th annual Small Business Grants Program, selecting 10 U.S.-based businesses from over 3,900 applications. The grand prize of $50,000 was awarded to Bombi from Greenville, RI. Nine other businesses each received $20,000, including Better Boba, Bundle x Joy, and Erie Cotton. Each recipient also benefits from additional resources like a $500 FedEx Office print credit and consultations from FedEx teams. Since the program's inception, FedEx has awarded over $2 million in grants and credits.

In a press release dated May 15, 2024, Water Mission highlighted its efforts in providing safe water to people in southeastern Ukraine amidst ongoing conflict. Supported by FedEx, Water Mission has established over 70 water systems benefiting nearly 100,000 people in more than 200 communities.

Project Manager Craig Williams, living in Ukraine, described the hardships faced by locals and the significant impact of these water systems. The project has produced over 26 million gallons of safe drinking water, addressing critical needs amidst damaged infrastructure. The initiative is focused on long-term sustainability in collaboration with local government and international organizations like the UN.

Water Mission employs a predominantly Ukrainian team to ensure community resilience and trust. The organization has installed water systems in various public spaces, supporting both immediate and long-term needs.

FedEx recently hosted a group of FedEx-HBCU student ambassadors in Los Angeles for a career immersion experience, aiming to provide empowerment, engagement, and education to the next generation. The program helps prepare HBCU students for the workforce after college, building leadership and career-ready skills.

International Medical Corps, with the support of FedEx, deploys a field hospital to provide essential medical care in times of crisis. FedEx's assistance in warehousing, modularizing, and transporting the field hospital showcases their commitment to swift and effective action in humanitarian emergencies.

FedEx and Marine Corps Scholarship Foundation (MCSF) are collaborating to support the children of veterans through scholarships. FedEx provided scholarships to 22 students this year and introduced the 'FedEx Career Readiness Initiative' (FCRI) for leadership training and job opportunities. The initiative aims to help students prepare for internships and job opportunities at FedEx.