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EEOC sues FedEx, alleges discrimination against blind workers in North Carolina
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The U.S. Equal Employment Opportunity Commission (EEOC) filed a federal lawsuit against Federal Express Corporation on Tuesday, alleging the delivery giant violated federal law by discriminating against blind employees at a North Carolina facility.
The federal agency claims that FedEx, formerly known as FedEx Ground Package Systems, Inc., failed to provide reasonable accommodations to four package handlers and a larger class of blind workers at its Kernersville location.
According to the lawsuit, denying the accommodations prevented the employees from performing their essential job functions and enjoying the same employment privileges as workers without disabilities.
FILE – FedEx trucks are parked at a distribution center on May 3, 2025 in San Diego, California. (Kevin Carter / Getty Images)
FEDEX SUES TRUMP ADMINISTRATION FOR FULL TARIFF REFUNDS AFTER SUPREME COURT RULING ON IEEPA
In addition to the discrimination charges, the EEOC suit alleges FedEx failed to maintain required administrative records in compliance with federal law.
Melinda Dugas, the regional attorney for the EEOC’s Charlotte district, said the alleged conduct is a clear violation of the Americans with Disabilities Act, which mandates workplace accommodations for disabilities unless they cause an undue hardship for the employer.
FILE – Side view of Fedex Ground shipping truck in San Ramon, California, March 3, 2022. (Smith Collection/Gado/Getty Images / Getty Images)
“Federal law is clear that failure to provide a needed reasonable accommodation for a disability where one is available and can be provided without causing undue hardship is unlawful discrimination,” Dugas said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| FDX | FEDEX CORP. | 313.13 | -12.27 | -3.77% |
The agency noted that it pursued litigation only after prior attempts to reach a pre-litigation settlement through an administrative conciliation process were unsuccessful.
FILE – FedEx is a delivery service with operations around the world.
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In a statement to FOX Business, a FedEx spokesperson said the company is aware of the lawsuit and is “currently reviewing the matter.”
“We are committed to complying with all requirements of the Americans with Disabilities Act and maintaining a workplace that is free from discrimination of any kind,” the spokesperson said.
For more evidence that Tesla might not be a car company, consider the recent report that Tesla could be thinking of leaving its largest, most productive car plant in the world’s largest market for new cars and new EVs behind, in favor of an all-artificial-intelligence future.
Wall Street extended its late-month rebound on Friday, but it wasn’t enough to offset what’s been a tough July for equities.
The Nasdaq Composite ended the final trading day of July higher, up 1%. The S&P 500 also rose, gaining 0.7%. The Dow Jones Industrial Average climbed 0.5%, or 277 points.
Despite these gains, the S&P 500 and the Nasdaq weren’t able to finish the month higher. The Nasdaq ended July down 3.2%, while the S&P 500 fell 0.1%. The Dow ended the month higher, up 0.3%.
Ian Bezek is a former hedge fund analyst at Kerrisdale Capital. He has spent the decade living in Latin America, doing the boots-on-the ground research for investors interested in markets such as Mexico, Colombia, and Chile. He also specializes in high-quality compounders and growth stocks at reasonable prices in the US and other developed markets. Ian leads the investing group Ian’s Insider Corner. Features of the group include: the Weekend Digest which covers everything from new ideas to updates on current holdings and macro analysis, trade alerts, an active chat room, and direct access to Ian. Learn More.
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Japan to announce joint yen intervention with US, sources say – Reuters
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What Happened in Markets Today
Amazon shares surged 15% on strong cloud sales. The company reported 37% revenue growth in Amazon Web Services, the fastest growth rate in 18 quarters. Apple stock fell roughly 7% after it gave a disappointing forecast for the September quarter. Supply chain constraints are making it difficult for the company to source components for its iPhones and iPads.
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Why Roblox Had Its Worst Day Ever After Earnings
Treasury yields extended their recent gains Friday after three Federal Reserve officials explained why they cast dissenting votes in favor of raising interest rate this week.
Yields, which rise when bond prices fall, were also driven higher by economic data, including a stronger-than-expected reading on Chicago-area economic activity.
The yield on the 10-year U.S. Treasury note settled at 4.743%, according to Tradeweb, its highest closing level since January 2025. The 30-year yield closed at 5.274%, its highest since July 2007.
South Korean stocks surged on Friday, with the KOSPI index rising nearly 18%.
Despite the dramatic gains, the index was still down for the week and the month, a testament to how volatile Korean equities have been as of late.
Not counting today, the KOSPI has gained more than 10% in a single day in only six instances, according to Dow Jones Market Data. History shows that in the week following those six times, the S&P 500 traded lower two-thirds of the time, with an average decline of 1.6%.
1539 ET – Oil futures end July with hefty gains as the month saw renewed Iranian attacks on shipping in a dispute with the U.S. over control of the Strait of Hormuz. Concerns that a return to negotiations could quickly reduce risk premium and lead to oversupply have kept prices from reaching the lofty levels seen in March and April. “Traders are essentially betting on two very different geopolitical outcomes, and neither one is a safe assumption right now,” says Baron Lamarre, co-founder of Index Litro and former head of trading at Petronas. “My base view is we won’t end up with either a massive glut or a full-blown supply crisis by the end of the year,” he adds. “Instead, we’re in for a period of stubbornly tight, volatile conditions that will stick around longer than the optimists are hoping.” WTI settles up 1.3% at $84.67 a barrel for a 22% monthly gain. Brent for September delivery goes off the board at $90.12 a barrel, up 1.2% on the day and up 24% from the end of June.(anthony.harrup@wsj.com)
Oil Futures on Track for Big Monthly Gains
0951 ET – Oil futures turn higher in early U.S. trading and are on track for hefty gains for July, which saw the U.S.-Iran Memorandum of Understanding fall apart and Iran resume attacks on shipping in the Strait of Hormuz. “All things held equal, the market should go a lot higher and led by diesel and gasoline as refinery run rates arejust too low on a lack of crude,” Scott Shelton of TP ICAP says in a note. “The reality is that we are back to a very small amount of crude versus what is needed.” WTI is up 2.2% at $85.42 a barrel. September Brent is 1.5% higher at $90.36 ahead of today’s expiry, while the October contract gains 1.8% to $88.47.(anthony.harrup@wsj.com)
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