Wayfair said Friday it will lay off 1,750 employees to support company-wide restructuring and cost-cutting efforts.
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GM to invest $918 million in new V-8 gas engines and EV components
About $579 million will go toward GM’s sixth-generation family of small-block V-8 gas engines that are used in highly profitable vehicles.
Continue readingExisting home sales fell for the 11th consecutive month in December, hitting the slowest pace since November 2010
Home sales have fallen for 11 consecutive months as mortgage rates weigh on the market.
Continue readingGM, LG end plans for fourth U.S. battery cell plant as automaker seeks new partner
GM is expected to continue with its plans to build the plant but is searching for another partner, according to a person familiar with the […]
Continue readingBed Bath & Beyond beefs up legal team ahead of possible bankruptcy filing in New Jersey
Bed Bath & Beyond has hired another legal advisor as it preps a potential bankruptcy filing in New Jersey, according to people familiar with the […]
Continue readingStocks making the biggest moves premarket: Netflix, Alphabet, Nordstrom, PagerDuty and more
These are the stocks posting the largest moves in early trading.
Continue reading5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day.
Continue readingBarclays upgrades Ralph Lauren, a ‘best-in-class’ apparel name with growth opportunities
There’s no better time to buy up shares of a solid apparel name with upside potential, according to Barclays.
Continue readingHow robots are helping address the fast-food labor shortage
Struggling to find workers and eager to relieve staff from boring, repetitive tasks, fast-food restaurant chains are adding robots to their kitchens.
Continue readingHere’s what you need to know about a blockbuster court fight over Cuba’s debt
If Cuba loses in the U.K.’s High Court, it could ultimately cost the island nation billions in long overdue payments.
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