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CSX tumbles the most since the financial crisis after its CEO blames a ‘puzzling’ economic backdrop for weak earnings (CSX)

CSX shares

  • Train operator CSX reported disappointing second-quarter earnings on Wednesday that sent shares sliding by as much as much as 12%.
  • The loss — which was also driven by the company’s lowered full-year 2019 sales forecast — marked CSX’s biggest since the financial crisis
  • The company criticized President Trump’s trade war, which has resulted in tariffs on hundred of billions of dollars in imported goods.
  • James Foote, the president and chief executive officer, said the current economic landscape is “one of the most puzzling” he’s seen in his career during a call with analysts.
  • Watch CSX trade live.

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Source:: BusinessInsider.Com