Data graphics

FedEx faces steepest stock drop since 2008

Data: Investing.com; Chart: Axios Visuals

FedEx shares fell by the most in a decade after chairman and CEO Fred Smith expressed extreme pessimism about the global economy and the delivery giant’s future during his investor call.

What's happening: "The Memphis, Tenn.-based delivery giant on Tuesday cut its earnings guidance for the fiscal year citing lower revenue projections in its Express unit, which ferries packages and cargo by planes around the world," the Wall Street Journal reports.

Where and by how much gas prices have gone up since Saudi oil attacks

Data: AAA; Explore the data; Graphic: Naema Ahmed/Axios

Gasoline prices have gone up across more than half the country following last weekend’s attacks on Saudi Arabia oil infrastructure.

Where it stands: Since Monday, the national gasoline price average has increased 9 cents to $2.65 a gallon, according to AAA, which predicts the average could jump as much as another dime this month. Spokeswoman Jeanette Casselano wouldn’t speculate when prices would start going back down.