If you plan to barbecue this weekend, here’s some good news: You’ll get slightly more beef for your buck. However, unless you want to eat your burger plain, you’ll need to shell out more dough for condiments and buns. A new study from data-analysis company Datasembly found that barbecue staples are more expensive than they…
Zooey Deschanel wants to make sure you’re not mentally checked-out the next time you’re filling your shopping cart in stores or online. “The New Girl” star’s latest gig is an unscripted series that just dropped on the Warner Bros.-owned WBD, +3.16% streaming service formerly known as HBO Max (now Max) called “What Am I Eating?…
Here are some of the more prominent movers on Tuesday: Stock gainers: Lowe’s Companies Inc.’s stock LOW, +2.18% jumped 1.7% in afternoon trading, after the home improvement retailer beat fiscal first-quarter profit expectations. While same-store sales fell more than forecast, they outperformed rival Home Depot Inc. HD, +1.75%, and the lowered full-year profit guidance range…
U.S. stocks slid Tuesday, erasing Monday’s gains, as worries about the debt ceiling negotiations in Washington outweighed data suggesting economic growth remains resilient. How stocks are trading The S&P 500 SPX, -1.00% dropped 37 points, or 0.9%, to 4,154 The Dow Jones Industrial Average DJIA, -0.61% lost 180 points, or 0.5%, to 33,107 The Nasdaq…
The last full week of trading for May is set to kick off on a subdued note, as markets wait for progress on the debt ceiling and more Fed clarity on interest rate direction. But the S&P 500’s SPX, -0.14% surprising bust out of a range last week has opened up a debate on Wall…
Shares of Adani Enterprises, and other Adani Group companies, surged on Monday after a preliminary report that didn’t find evidence of stock-price manipulation. Adani Enterprises 512599, +18.66%, the flagship company, saw its shares jump 17%, as other companies including Adani Wilmar 543458, +10.00% rose as well. A panel convened by India’s Supreme Court said in…
Last week, retailers Walmart Inc., Target Corp. and Home Depot Inc. provided broad strokes on how rising prices for essentials have reshaped consumer habits. Now come the finer points, with a whole lot of other retailers — including Dollar Tree Inc. DLTR, -0.37%, Costco Wholesale Corp. COST, -0.32%, Best Buy Co. Inc. BBY, -3.44%, Gap…
The World Health Organization said Monday it is advising people not to use nonsugar sweeteners for weight control, warning that they may increase the risk of Type 2 diabetes, cardiovascular diseases and mortality in adults. The agency said a systematic review of the available evidence suggests nonsugar sweeteners do not confer any long-term benefit in…
Beyond Meat Inc. has been chewed up by a fallow patch of waning consumer interest and high prices. On Wednesday, the plant-based meat maker’s stock BYND initially sizzled 16% in extended trading following quarterly results that showed signs of life following a prolonged narrative of rough times for the industry. But the stock gave up…
More than 186,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sevenfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 637 tech companies…
Meta and Amazon are the latest big-name tech companies in the layoffs spotlight, joining Dropbox, Electronic Arts, Palantir Technologies, Twilio, Zoom, eBay, Okta, Splunk, PayPal, IBM, SAP, Spotify, Alphabet, Intel, Microsoft, Coinbase, Cisco, and Salesforce. More than 184,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by…
No more “micro-kitchens.” No more free massages. Fewer staplers. Some are calling it a perk-cession, but amid a wave of layoffs, many tech employees — who increasingly are working from home and are more concerned about their jobs than free smoothies or revved-up laptops — couldn’t care less. Perks were once a factor in tilting…
The U.S. economy added 236,000 jobs in March, just shy of the 238,000 forecast by economists polled by the Wall Street Journal. The unemployment rate declined to 3.5% in March from 3.6% in February. The latest data was calculated before the collapse of Silicon Valley Bank and Signature Bank last month, an event that could…
More than 168,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sixfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 561 tech companies laying…
Former Starbucks CEO Howard Schultz on Wednesday faced harsh criticism from lawmakers for the chain’s alleged efforts to discourage employees from unionizing, but he avoided committing to deeper negotiations with the union and repeatedly denied that the coffee chain had broken the law. In a hearing before the U.S. Senate Committee on Health, Education, Labor…
Shares of regional banks posted big gains on Tuesday as they regained their footing after huge losses in the previous session, but volatility continued in the sector following the demise of Silicon Valley Bank, Signature Bank and Silvergate Capital in the past week. While the rise in some cases is eye-popping, most stocks have yet…
(Updated with news of Silicon Valley Bank’s failure.) As interest rates have risen, many banks have become more profitable because the spreads between what they earn on loans and investments and what they pay for funding has widened. But there are always exceptions. Below is a screen of banks that are bucking the industry trend…
More than 125,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up almost fivefold since mid-January. Related: Palantir joins growing list of tech companies announcing layoffs The data suggest that 2023 is firmly on pace…
Associated British Foods PLC said Monday that its fiscal 2023 expectations have improved as inflationary pressures are starting to ease. The British conglomerate ABF, +1.82% now expects significant growth in sales, and adjusted operating profit–which strips out exceptional and other one-off items–and adjusted earnings per share to be in line with previous financial year. It…
If you shop organic, you may be paying a pretty penny these days. That’s a key finding in a new report by LendingTree that analyzed pricing data from the U.S. Department of Agriculture. The report noted that while inflation has resulted in price increases in many conventional food items over the past year, the hikes…