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Bed Bath & Beyond continues to struggle mightily. The near-dead home goods retailer released its long-awaited holiday quarter results on Tuesday morning, and the picture is not pretty. Here are seven numbers that stood out to Yahoo Finance and help explain why the company is on the brink of ruin: Net sales crashed 33% from the prior year. Comparable digital sales fell a whopping 33%. Bed Bath & Beyond banner comparable sales plunged 34%. BuyBuyBaby banner comparable sales tanked in the “low 20″… Source link

The House GOP’s first policy bill out of the gate didn’t address inflation or gas prices or immigration, but instead went after the Internal Revenue Service. The bill was passed Monday evening on a straight party line vote of 221 to 210 to reverse much of the $80 billion in extra funding set aside for the agency by 2022’s Inflation Reduction Act. While it has little chance of it being enacted anytime soon with Democrats in control of the Senate and President Biden promising a veto, the… Source link

Tesla’s beat-up stock (TSLA) price may have one more move left in it to the downside before buyers could finally emerge with a little gusto. At least that’s the message from Tesla’s stock chart. “Tesla is now officially oversold,” said market technician and Fundstrat Managing Director Mark Newton on Yahoo Finance Live (video above). “I’m looking right down under $100 right before Tesla’s earnings happen right towards the end of the month, and that’s when a lot of my own cycles start to show… Source link

A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, January 10, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with the Yahoo Finance App. Fourth-quarter earnings season begins in earnest this Friday with big banks reporting results, and investors are bracing… Source link

On the 10th day of January, we have 10 games on the NHL docket. That makes for an assortment of options for your DFS lineups. To try and give you a leg up, here are my players to target, and to avoid, for your contests. GOALIE Andrei Vasilevskiy, TAM vs. CLM ($40): Vasilevskiy didn’t look great in his return from illness, but he should hopefully be fine by now. He also has a 2.45 GAA and .919 save percentage. Apparently adding Johnny Gaudreau wasn’t enough for the Blue Jackets. They’ve… Source link

Demonstrators at the Justice for Asian Women Rally in Times Square. (Lev Radin/Pacific Press/LightRocket via Getty Images) Over 200 cities, counties and leaders across the country have declared racism a public health crisis. According to experts, decades of systemic racism continue to negatively impact the overall health of people of color. Most recently, the Board of Supervisors in Orange County, Calif., declared racism a public health crisis last month. The county saw hate crimes increase by… Source link

Week 13 of the fantasy basketball season is upon us, and, like every Monday, I’ll break down several players who are less-than-50 percent-rostered in Yahoo fantasy basketball leagues and should be considered in lineups. But before we get to this week’s waiver pickups, here are the games played by each team in Week 13. Four games: 13 teams (76ers, Bulls, Bucks, Celtics, Kings, Knicks, Magic, Mavericks, Nuggets, Pistons, Thunder, Trail Blazers and Spurs) Three games: 16 teams (Cavaliers,… Source link

U.S. stocks closed mixed on Monday after failing to sustain momentum from the first big rally of the year last week. Technology led the way higher, with the Nasdaq Composite (^IXIC) rising 0.6%, an outlier in the session, though far below the climb of more than 2% that the index saw earlier into trading. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each turned lower into the close, falling 0.1% and 0.3%, respectively, after paring the day’s gains. The U.S. dollar continued its… Source link

The Internal Revenue Service issued 12 million tax refunds to Americans who paid too much in taxes on unemployment benefits they received in the first year of the pandemic. The agency corrected 14 million 2020 tax returns related to unemployment compensation, resulting in $14.8 billion in refunds that averaged $1,232 each. The IRS started correcting the returns in May 2021. The IRS undertook the tax probe because the American Rescue Plan, which excluded up to $10,200 in unemployment aid from… Source link

The Dallas Cowboys knew their regular-season finale could be meaningful. They knew they remained in contention for the NFC East title, home-field playoff games and seeding improvement in play. They played their starters. Still, they flopped in a 26-6 loss to a Washington Commanders team giving rookie quarterback Sam Howell his first start. All three phases played beneath expectation. Woes on offense and special teams proved especially costly. “We get to suck on that all week,” Cowboys team… Source link