Bed Bath and Beyond on Wednesday reported a surprising holiday-quarter loss, as the company ran low on inventory and struggled to move merchandise out of congested ports and onto shelves. Shares of the company bounced around in premarket trading, as investors weighed the news. CEO Mark Tritton said out-of-stock merchandise caused the company to miss … Read more
Lululemon will debut a trade-in and resale option for its gently used leggings, tops and jackets later this month following a successful pilot program prompted by rising consumer prices and a commitment to sustainable purchasing. The rollout of Lululemon’s “Like New” program comes after the retailer tested the so-called re-commerce platform for customers in Texas … Read more
Mark Zuckerberg is going to start letting a handful of Horizon Worlds creators sell virtual items as he continues with his push to the metaverse. Facebook | via Reuters Meta CEO Mark Zuckerberg wants to make it easier for people to spend and make money on virtual reality platform Horizon Worlds, which is an integral … Read more
CNBC’s Jim Cramer on Monday highlighted six stocks in the travel and leisure space that he believes are investable due to their affordable price and growth potential. “With the [Federal Reserve] tightening [interest rates], the market prefers something called growth at a reasonable price, or GARP. … In other words, you want companies with better-than-average … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are down to start the week People walk along Wall Street near the New York Stock Exchange on March 08, 2022 in New York City. Spencer Platt | Getty Images US stock futures were slightly … Read more
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. Chris Wattie | Reuters Ecommerce start-up Shopify said Monday it is planning a 10-for-1 stock split, while seeking shareholder approval for a “founder share” for its CEO Tobi Lutke to increase his voting power. Upon shareholders’ approval, Shopify will … Read more
Traders on the floor at the NYSE, April 5, 2022. Source: NYSE Stock futures moved up slightly on Sunday evening as Wall Street looks to shake off a losing week. Futures tied to the Dow Jones Industrial Average added 36 points, or 0.1%. Those for the S&P 500 and Nasdaq 100 ticked up 0.1% and … Read more
A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Pictures | light rocket | Getty Images Howard Schultz’s first week back at the helm of Starbucks ended with seven more company-owned cafes unionizing, bringing the … Read more
CNBC’s Jim Cramer on Thursday said investors should consider buying shares of Acushnet and tee-up for Callaway long-term. “Pure-play golf stocks have been obliterated here, and if you want to be opportunistic, especially in light of the [Masters Tournament]I like Acushnet more than Callaway, at least through the remainder of 2022,” the “Mad Money” host … Read more
Ron Baron, the CEO of Baron Capital and one of Tesla’s largest shareholders, said that Elon Musk’s 9.2% stake in Twitter, and his accompanying board seat, is not significant. “I think it’s meaningless,” he told CNBC’s “Squawk Box” Thursday. “It’s a tiny investment. $3 billion for a man who is worth $300 billion. He has … Read more
