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After falling short of its hiring targets as part of a tax break program, Boston-based Wayfair Inc. said it is freezing corporate hiring for three months, citing a "great deal of uncertainty in the overall economy." In a written statement, the online furniture retailer (NYSE: W) said on Tuesday that the "short-term hiring pause" will not impact Wayfair's long-term plans. The news of Wayfair halting corporate hiring comes about three weeks after the Business Journal reported how the online retailer was falling short of the hiring targets it pledged as part of a pre-Covid $31 million tax break...
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Inflation is rampant, as you've undoubtedly noticed during your recent shopping trips. Consumer prices soared 8.3% in the 12 months through April. In your investing, you might want to stay away from stocks that suffer during inflationary periods...
Continue ReadingEverything you need to know ahead of the 2022 World Economic Forum in Davos, Switzerland...
Continue ReadingThe new businesses that will fill out the ground floor of Metropolitan Park include a fitness studio and a juice bar...
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Retail stocks including Costco (NASDAQ: COST), Kohl's (NYSE: KSS), and Five Below (NASDAQ: FIVE) were getting shocked today after retail giants including Walmart and Target badly missed bottom-line estimates and their first-quarter earnings reports. Both companies also cut their guidance for the year, warning that challenges from inflation and supply chain disruptions would persist. As of 11:05 a.m. ET, Costco stock was down 11.4%, while Kohl's had given up 10%, and Five Below was off 9.1%...
Continue ReadingHis company, Weller Development, will be replaced this month as head of the 235-acre South Baltimore project by a new team of master developers and investors...
Continue ReadingThe New York State Division of Human Rights has filed a complaint against Amazon.com Inc accusing the online retailer of discriminating against pregnant and disabled workers at its worksites, Governor Kathy Hochul said on Wednesday...
Continue Reading* Says move an escalation measure after engaging with the firms...
Continue ReadingThe Nasdaq and S&P 500 have approached or entered bear market territory at various points, and many prominent growth stocks have lost more than three-fourths of their value. Given these discounted prices, investors may want to consider Amazon (NASDAQ: AMZN), BJ's Wholesale (NYSE: BJ), and Netflix (NASDAQ: NFLX). Admittedly, referring to Amazon as a "top value stock to buy in May" might seem strange...
Continue ReadingShares of Amazon.com Inc. sank 2.5% in morning trading Wednesday, putting them into negative territory for the week, after New York Governor Kathy Hochul filed a complaint against the ecommerce giant, alleging discrimination against pregnant workers and workers with disabilities. The complaint alleges Amazon...
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