Business Briefs: Brexit, Florence, FedExPosted: Updated:
Britain's decision to leave the European Union has more financial institutions leaving town. In the latest Z/Yen index, New York City replaces London as the world's No. 1 financial market. Brexit has forced many banks to move jobs out of London for other parts of Europe, to maintain competition in the still-massive EU market, says Cheddar.
As the mid-Atlantic region gets ready for Hurricane Florence, one company is helping people protect their belongings. More than 90 U-Haul facilities in the Carolinas and Virginia are offering 30 days of free storage for those in the path of Florence. Major evacuation orders are currently underway before the hurricane makes landfall.
A booming e-commerce business is good news for FedEx. The company says it will increase its operations to six days a week to help with demand. FedEx normally delivers Tuesday through Saturday, but will now add Monday. It comes ahead of the busy holiday season, and this year, FedEx plans to hire an additional 55,000 workers.