The PC boom has gone bust, and we are about to see the results ahead of Black Friday

The pandemic-fueled personal-computer boom has ended, so how will that affect demand and pricing for PCs and the retailers that sell them this holiday season? A sense of the fallout will be provided in the week ahead with results due from PC makers Dell Technologies Inc. DELL, +0.67% and HP Inc. HPQ, +0.17%, along with … Read more

Amazon Set to Lay Off Thousands of Corporate Workers

Amazon Set to Lay Off Thousands of Corporate Workers

Alibaba and JD.com Stocks Are Rising. Don’t Thank Singles Day Sales Results.

Alibaba and JD.com stocks were rising on Monday, but the price action didn’t seem to be driven by sales results from the closely-watched annual Singles Day event. Alibaba (ticker: BABA) was up 2.5% in U.S. premarket trading, with shares in e-commerce peer JD.com (JD) gaining 3.5%, beating out futures tracking both the S&P 500 index … Read more

Stocks Poised to Fall Monday

U.S. stocks are poised for a slightly lower open on Monday ahead of another busy week of earnings and the Federal Reserve’s latest decision on interest rates on Wednesday. At 6:22 p.m. Eastern time Sunday night, Dow Jones Industrial Average futures were down 39 points, or 0.1%, while the S&P 500 futures were down 0.2%, … Read more

Bezos Loses Title of World’s Second Richest Man to Indian Billionaire

It was to be expected.  Jeff Bezos has lost the title of second richest man in the world behind Elon Musk, electric-vehicle leader Tesla’s  (TSLA)  chief executive.  The founder and executive chairman of tech and online-retail giant Amazon  (AMZN)   dropped to No. 3, on Sept. 16 at around 10:38 a.m in New York, according … Read more

IBM, CVS, and 10 Other Cheap Stocks That Look Promising

Text size IBM stock is one of a dozen cheap picks we’ve found in a screen. Miguel Medina/AFP via Getty Images This is looking like a throw-the-baby-out-with-the-bathwater market. Take Tuesday trading: 490 of the S&P 500 stocks are lower after August inflation came in hotter than expected. Most stocks are having a lousy year, but … Read more

The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable U.S. companies

Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the start of August. Meta, … Read more

Bed Bath & Beyond Confirms Death of CFO Gustavo Arnal

By Ginger Adams Otis and Ryan Felton Updated Sept. 4, 2022 4:40 pm ET Listen to article (1 minute) Bed Bath & Beyond said Chief Financial Officer Gustavo Arnal died on Friday. The home-goods retailer didn’t immediately respond to requests for comment on the circumstances of Mr. Arnal’s death.

Bed Bath & Beyond Stock Sinks. It’s Cutting 20% of Jobs and Closing 150 Stores.

Text size Bed Bath & Beyond said it will close 150 of its stores and lay off 20% of its workforce to reduce costs. Joe Raedle/Getty Images Bed Bath & Beyond shares dropped on Wednesday after the troubled retailer said it was laying off a fifth of its workforce and closing more than a hundred … Read more