A.P. Moller-Maersk — a bellwether for global trade — signalled weaker results for the rest of the year after reporting first-quarter operating profit that tumbled by more than half, with transport volumes slowing and freight rates plunging.
Quoteworthy: "There is a sense that we’re much closer to the end of this than to the beginning." –— US Fed chairman Jerome Powell, announcing what should be the last rate hike of this cycle.
Global trade slows in blow to Maersk as further hit expected
