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Staring Down Bankruptcy, Bed Bath & Beyond Says It Will Sell Stock
Posted inBankruptcies Bed Bath & Beyond Inc Coronavirus (2019-nCoV) E-Commerce Layoffs and Job Reductions Shopping and Retail Supply Chain

Staring Down Bankruptcy, Bed Bath & Beyond Says It Will Sell Stock

The struggling home goods retailer said it hoped the move would help it raise more than $1 billion and pay off its debts.
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Posted by By Lauren Hirsch and Jordyn Holman
Tech’s Biggest Companies Discover Austerity, to the Relief of Investors
Posted inCompany Reports Computers and the Internet E-Commerce iPhone Meta Platforms Inc Microsoft Corp

Tech’s Biggest Companies Discover Austerity, to the Relief of Investors

After years of expansion and billions in profits, Big Tech is pulling back from its famously lavish spending as a long boom finally ends.
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Posted by By Tripp Mickle Karen Weise and Nico Grant
Amazon Reports Almost No Profit and Slowing Growth
Posted inCompany Reports Delivery Services E-Commerce Inflation (Economics) Jassy, Andrew R Labor and Jobs United States Economy

Amazon Reports Almost No Profit and Slowing Growth

The company indicated the slowing growth and tight margins would continue in the first three months of this year.
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Posted by By Karen Weise
Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers
Posted inCarmax Inc Carvana Co Coronavirus (2019-nCoV) E-Commerce Inflation (Economics) Shortages United States Economy Used Cars

Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers

Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.
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Posted by By Neal E. Boudette

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