A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond warned Thursday it’s running out of cash and is cons...
Tag: Business
Stitch Fix CEO steps down, 20% of salaried workforce to be cut
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix founder Katrina Lake on Thursday told employees the company will be cutting 20% of its salaried workforce and she will reassume her post ...
CVS and Walgreens will sell mifepristone in pharmacies
Mifepristone (Mifeprex), one of the two drugs used in a medication abortion, is displayed at the Women’s Reproductive Clinic, which provides legal medication abortion services, in Santa Teresa, ...
Ford pickup truck sales in December help narrow overall sales decline
2023 Ford Super Duty F-350 Limited Ford DETROIT – Ford Motor narrowed its U.S. sales loss last year to 2.2%, as the automaker notably increased sales of its F-Series pickups to end 2022 with a slight ...
Walgreens Boots Alliance (WBA) Q1 earnings 2023
Walgreens Boots Alliance on Thursday reported fiscal first-quarter earnings that beat Wall Street’s estimates after an early flu season boosted demand for cough and cold medicine. The company sa...
Amazon’s Alexa will soon help EV drivers find a charger
Alexa for EV charging Source: Amazon Amazon is betting that Alexa, its voice-activated virtual assistant, can help ease one of electric vehicle drivers’ biggest worries: finding a charging stati...
Online sales jump 3.5%, boosted by discounts
D3sign | Moment | Getty Images Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up...
Bed Bath & Beyond Stock Crashes Amid ‘Substantial Doubt’ Business Can Continue
Topline Shares of struggling brick-and-mortar retailer Bed Bath & Beyond crashed to a new multi-decade low on Thursday after the company warned of persistent economic challenges plaguing efforts t...
Silvergate Capital, Walgreens, Amazon and more
People walk by a Walgreens, owned by the Walgreens Boots Alliance, Inc., in New York City, November 26, 2021. Andrew Kelly | Reuters Check out the companies making headlines and moves in premarket tra...
Cox launches mobile business, joining Comcast, Charter, Altice
In this photo illustration, the Cox Communications logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Cox Communications is ringing in the new year wi...
J&J Files to Spin Off Consumer-Health Business as Kenvue
(Bloomberg) — Johnson & Johnson submitted its plan to spin off its consumer health business in the first significant filing of the new year for a US initial public offering. Most Read from B...
Cramer’s lighting round: Stay away from Blackline
Blackline Inc: “It’s enterprise software that’s losing money. Those are the ones I’m trying to get people to stay away from.” Piedmont Lithium Inc: “Much too danger...
Omicron XBB.1.5 is most transmissible subvariant, WHO says
XBB.1.5 strain, January 4, 2023, Suqian, Jiangsu, China. CFOTO | Future Publishing | Getty Images The XBB.1.5 omicron subvariant that’s currently dominating the U.S. is the most contagious versi...
Rivian stock hits 52-week low after company misses 2022 production target
Employees work on an assembly line at startup Rivian Automotive’s electric vehicle factory in Normal, Illinois, April 11, 2022. Kamil Krzaczynski | Reuters Shares of Rivian Automotive notched a ...
Manhattan apartment sales plunge in Q4, brokers fear frozen market
Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales ...
General Motors (GM) sales Q4 2022
2022 GMC Sierra 1500 Denali Ultimate GM DETROIT – General Motors reclaimed its U.S. sales crown from Toyota Motor last year as the Detroit automaker eked out a slight gain in annual U.S. vehicle sales...
Southwest Airlines cancellations abate after holidays but costs pile up
Pristine Floyde searches for a friend’s suitcase in a baggage holding area for Southwest Airlines at Denver International Airport on December 28, 2022 in Denver, Colorado. Michael Ciaglo | Getty...
Endeavor falls after UFC boss Dana White hits wife
Dana White appears at the UFC 282 post-fight press conference on December 10, 2022, at the T-Mobile Arena in Las Vegas, NV. Amy Kaplan | Icon Sportswire | Getty Images Media and entertainment company ...
Charts suggest oil, natural gas and wheat could be due for a ‘boom,’ Jim Cramer says
CNBC’s Jim Cramer on Tuesday said that certain commodities could make a comeback soon. “The charts, as interpreted by Carley Garner, tell us that the boom and bust cycle in commodities nev...
Jim Cramer predicts these 10 Dow stocks will perform well in 2023
CNBC’s Jim Cramer on Tuesday offered investors a collection of stocks that he believes will perform well this year. All of his picks are listed in the Dow Jones Industrial Average. related inves...
Sam Bankman-Fried pleads not guilty as FTX task force created
The Manhattan U.S. Attorney’s Office said Tuesday it had created an FTX Task Force to trace and recover assets of victims of the cryptocurrency exchange firm’s collapse and to handle inves...
Cramer warns that negative forces are still pulling down the economy
CNBC’s Jim Cramer on Tuesday reminded investors that the new year didn’t bring about a new economy. “The fundamentals are what matters and, sadly, we have not turned the page on this...
Without A Speaker, House Business Remains At A Standstill—Here’s What’s At Stake
Topline House Republicans’ refusal to elect Rep. Kevin McCarthy (R-Calif.) as speaker after multiple rounds of voting on Tuesday has left the lower chamber in a state of paralysis: new members have no...
Supply chain managers wary of shifting trade back to West Coast ports
Shipping containers are offloaded from a container ship in the Port of Los Angeles before U.S. President Joe Biden delivers remarks aboard the Battleship USS Iowa Museum on June 10, 2022 in Los Angele...
Ford F-Series 2022 sales show pickup continued decades-long dominance
2023 Ford F-150 Raptor R Ford DETROIT – The Ford F-Series continued its decadeslong U.S. sales dominance in 2022 despite ongoing parts and supply chain problems, the company said Tuesday. Ford Motor r...
‘A friend advised me to find a husband’: I’m nearly 50 and close to retiring. Would it be a mistake to marry and commingle my finances?
I’m a single female in my late 40s with no children. At 50 years old, my federal agency will allow me to retire with a full pension. I’m planning to, as I have a significant amount saved in my thrift ...