Join now for FREE unlimited access to Reuters.com Register Snap jumps as it restructures advertising business and lays off staff Bed Bath & Beyond sinks in corporate overhaul The biggest PCT drop in August for the Dow, S&P 500 and Nasdaq since 2015 Dow down 0.88%, S&P 500 down 0.78%, Nasdaq down 0.56% NEW YORK, …
Wall Street ends August with a whimper on Fed worry Read More »
Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – The U.S. Food and Drug Administration on Wednesday cleared Pfizer’s updated COVID-19 booster shots (PFE.N)/BioNTech (22UAy.DE) and Moderna that target the dominant BA.4 and BA.5 Omicron subvariants, as the government prepares for a massive fall vaccination campaign that could begin within days. …
U.S. FDA green lights Omicron-targeted COVID boosters ahead of revaccination campaign Read More »
Join now for FREE unlimited access to Reuters.com Register Aug 31 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) On Wednesday, it announced it had signed deals for more than $500 million in new funding and would close 150 stores, cut jobs and revamp its merchandising strategy in a bid to turn around its loss-making …
Bed Bath & Beyond to cut jobs, close stores in bid to reverse losses Read More »
Michael Bloomberg, (right) founder of Bloomberg LP, and Lloyd Blankfein, chairman and chief executive of Goldman Sachs Group, at the 10,000 Small Business (1OKSB) partnership event in London on December 14, 2016. Chris Ratcliffe | Bloomberg | Getty Images Mixed feelings about extreme wealth At the same time, most Americans have a love-hate relationship with …
44% of Americans think they can achieve billionaire status Read More »
A sign hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson |Getty Images walmartThe Sam’s Club, owned by Sam, announced Wednesday that it will raise its annual fee this fall, as membership in the warehouse club hits an all-time high and inflation-ridden shoppers seek deals on bulk items. Fees …
Walmart-owned Sam’s Club raises annual membership fee for first time in 9 years Read More »
After a strong showing in July, when stock indexes rebounded from their 2022 lows of June, U.S. equities abruptly reversed course in August. Here’s the damage: Index Price change – July 29 through Aug. 30 Price change – 2022 through Aug. 30 Price change – 2021 S&P 500 SPX -3.5% -16.4% 26.9% Dow Jones Industrial …
Here are the worst (and best) performing stocks of August and for 2022 Read More »
Stocks fell on Wednesday as Wall Street struggled to snap a three-day losing streak and end August on a high note. The Dow Jones Industrial Average fell 115 points, or 0.4%. The S&P 500 fell 0.3% and the Nasdaq Composite lost 0.4%. All major averages are on track to end what has been a solid …
S&P 500 falls for a fourth day, putting summer market comeback in doubt Read More »
Join now for FREE unlimited access to Reuters.com Register Alibaba notified of US audit inspection – sources Verification of audits of Chinese companies listed in the United States begins next month Follows landmark US-China audit agreement Alibaba shares fall nearly 3% HONG KONG, Aug 31 (Reuters) – U.S. regulators have picked e-commerce giant Alibaba Group …
Exclusive: U.S. regulators to vet Alibaba, other Chinese firms’ audits -sources Read More »
Dow Jones futures were little changed overnight, as were S&P 500 and Nasdaq futures. The stock market rally came under further pressure on Tuesday, with major indices all falling below their 50-day moving averages and major stocks struggling. X A surprising surge in job creation raised expectations for big Fed rate hikes, triggering the market’s …
Dow Jones Futures: Market Rally Finished? Indexes Break Support As Fed Fears Intensify Read More »
Snap plans to lay off around 20% of its more than 6,400 employees, according to people familiar with the matter. The layoffs, which Snap planned for several weeks, will start on Wednesday and hit some departments harder than others, the people said. For example, the team working on ways for developers to create mini apps …