It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: E-commerce
Amazon confirms more than 18,000 layoffs, far more than originally expected
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more
These 20 stocks were the biggest losers of 2022
This has been the year of reckoning for Big Tech stocks — even those of companies that have continued to grow sales by double digits. Below is a list of Read more
Eat, drink and be merry: Here’s where shoppers have been spending the most money this holiday season
Restaurants are set to become the biggest winners of a holiday season that could turn out to be the most normalized since the onset of the pandemic. That’s according to Read more
Best stock picks for 2023: Here are Wall Street analysts’ favored choices
Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ Read more
This fund beats the S&P 500 by using 75 of its stocks. Here’s how it works.
What worked well during the years-long bull market through 2021 — a focus on growth, regardless of price — has ground to a halt this year. The rebirth of the Read more
DoorDash to lay off 1,250 employees as CEO says costs grew too fast
Food-delivery platform DoorDash Inc. plans to lay off about 1,250 employees, becoming the latest technology company to admit that it grew expenses too rapidly for the current climate. Chief Executive Read more
Amazon CEO says more layoffs are coming in 2023
Amazon.com Inc. plans more layoffs, but employees will have to wait until 2023 to see if their jobs are affected. Chief Executive Andy Jassy said Thursday that while Amazon AMZN, Read more
Black Friday surprise: Jeff Bezos tells people NOT to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday shopping season — amid four-decade high inflation and recession worries. Read more
Alibaba, Tencent, lead Hong Kong tech stocks higher after upbeat China online retail sales data
Shares of Chinese internet giants jumped in Hong Kong, after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Group Holding Ltd. BABA HK:9988 jumped 9.8%, Read more