Topline Shares of Meta, the parent company of Facebook and Instagram, climbed nearly 1% Tuesday morning, following reports the social media giant plans to cut thousands of employees as soon as this we...
Tag: Wayfair
Wayfair stock is up 25% on Monday: what happened?
Shares of Wayfair Inc (NYSE: W) shot up as much as 25% on Monday after a JPMorgan analyst turned super bullish on the online store for furniture and other home-related products. Wayfair stock wins a...
Wayfair, Salesforce, Paypal and more
Salesforce signage outside office building in New York. Scott Mlyn | CNBC Check out the companies making the biggest premarket moves: Advanced Micro Devices — The semiconductor maker rallied nearly 3%...
Wayfair stock climbs after online retailer lays off 1,750 workers
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair‘s stock price jumped 20% Friday after the retail giant said it will let go of roughly 1,750 employees, or 10% of its global workforce, to s...
Alphabet’s Massive Layoffs Fuel $50 Billion Market Rally—And Analysts Expect More Job Cuts Will Boost Tech Stocks
Topline Google-parent Alphabet and online retailer Wayfair on Friday became the latest tech stocks to rally after issuing massive layoff announcements to help curb costs ahead of a potential recession...
Where to Get Yields of 10% and Up, if You Can Stomach a Little Risk
The $280 billion convertibles sector is replete with 10%-plus yields on many issues. There is a risk in these high-yielders, but they can offer nice appreciation potential and a good alternative to th...
Why Overstock’s Pivot To Home Will Pay Off In The Long Run
Young brunette woman relaxing on the couch after a long day. Cozy home concept getty After casting aside its online liquidator image, Overstock.com has just finished repositioning itself as an exclusi...
Target Inventory Warning Portends Retail Bloodbath
Target ’s inventory problem is turning out even worse than it expected just a short time ago. Its latest warning could portend a promotional bloodbath among retailers this summer. The retailer on Tues...
Despite A 14% Drop In Sales, Wayfair Is Prepared For The Inevitable Cooling In The Home Market
Describing the current market as entering a “softer period,” CEO Nraj Shah said, “We are seeing … [+] early signs of normalization in consumer behavior.” (Photo by Suzanne Kreiter/The Bost...
Wayfair (W) reports Q1 2022 losses
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled more than 20% Thursday morning after the online furniture retailer reported larger-than-expected losses in the first quarter as sh...
What We Often Get Wrong About E-Commerce—And Why It Matters
ALBANY, CA – MAY 15: Customers carry bags as they leave a Target store in Albany, California. … [+] (Photo by Justin Sullivan/Getty Images) Getty Images When it comes to the vast and compl...
Wayfair stock is down 20% in premarket today: how come?
Shares of Wayfair Inc (NYSE: W) were down nearly 20% in premarket trading after the eCommerce home retailer said it lost more money in the fiscal fourth quarter than what the Wall Street had expected....
Stocks Tumble as Fed Minutes Confirm Rate Hikes Are Coming
Text size Interest rate hikes are coming. The stock market is taking note. Karen Bleier/AFP/Getty Images Stocks fell Wednesday after the minutes from the last FOMC meeting confirmed that the Federal R...