Yahoo News

The end may be near for Bed Bath & Beyond (BBBY). In a statement published before the market open on Thursday, the company said bankruptcy is on the table as it works to shore up its leaky balance sheet amid continued financial struggles. “The Company continues to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying the Company’s business activities and strategic initiatives, or selling assets,… Source link

Brunswick (BC), the world’s largest consumer marine company behind brands like Boston Whaler, Sea Ray, and Mercury is making waves at the Consumer Electronics Show (CES) in land-locked Las Vegas this year. This being CES, the focus is on innovation and what’s next. For Brunswick this means electrification. Brunswick’s Mercury Marine power division introduced its Avator 7.5e electric outboard at the show. The 7.5e electric motor is the first in a series of electric outboard products that… Source link

Integration brings new opportunities for advertisers to buy Scope3 Green Media Products through the Yahoo SSP NEW YORK, January 05, 2023–(BUSINESS WIRE)–Today, Yahoo announced an integration with Scope3 to offer carbon neutral private marketplace (PMP) media in the Yahoo SSP. Advertisers buying through the Yahoo SSP can now easily find and buy Green Media Products powered by Scope3 to ensure their digital ad campaigns align with their broader sustainability goals. The digital media and… Source link

Yahoo is offering a global carbon-neutral private marketplace (PMP) thanks to its latest ad tech partnership with Scope3. With Scope3’s Green Media Products available within Yahoo’s supply-side platform (SSP), brands and agencies allocate spend towards GMP, Scope3 then measures the emissions associated with the campaign once it has run, and the publishers and ad sellers then contribute to Scope3’s chosen carbon-removal projects. GMP is billed as carbon-neutral media and aims to price… Source link

Jaw-dropping layoff announcements from giant tech names Amazon (AMZN) and Salesforce (CRM) to kick off 2023 may not make their battered stocks great buys just yet. “I think we go through this round of quarterly earnings reports and hopefully companies guide very ugly because it’s in their benefit to do so for next year,” veteran tech watcher Paul Meeks explained on Yahoo Finance Live (video above). “So they announce their blood-letting, whether it being operational costs including trimming… Source link

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 Thursday, January 5, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Two trading days into the new year, and 2023 is already off to a rocky start for Apple (AAPL) and Tesla (TSLA), arguably the two most… Source link

By Jeffrey Dastin and Uday Sampath Kumar (Reuters) -Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human resources organizations, he said. The cuts amount to 6% of Amazon’s roughly 300,000-person corporate workforce and represent a… Source link

U.S. stocks rose Wednesday after back-and-forth trading as investors weighed a batch of economic data and minutes from the Federal Reserve’s December policy meeting. The S&P 500 (^GSPC) gained 0.8% in a volatile session, while the Dow Jones Industrial Average (^DJI) added 130 points, or 0.4%. The technology-heavy Nasdaq Composite (^IXIC) advanced 0.7%. A readout of discussions from the U.S. central bank’s December gathering indicated Fed officials were reticent an “unwarranted” easing of… Source link

Veteran tech watcher Paul Meeks says the bears may have more meat to rip apart from the carcass that is Tesla’s stock price. “Unfortunately, if you’re a chartist, a technical analyst, there is no floor on this stock,” Meeks, a portfolio manager at Independent Wealth Solutions, said on Yahoo Finance Live (video above). “Does it go all the way back down to $29? I actually, over the next couple of years, wouldn’t be surprised.” Tesla shares last traded under $30 a share back in Jan. 2020, per… Source link

Since the NFL has yet to make an official decision on the Bills–Bengals game that was postponed from Monday after Buffalo safety Damar Hamlin suddenly collapsed on the field and went into cardiac arrest, fantasy football owners may be wondering how this affects their league. As Hamlin still remains in the hospital in critical condition in the intensive care unit, the league has hesitated to make any future plans about the Week 17 matchup since players’ and teams’… Source link