Author: Press Room

Shares of Bed Bath & Beyond Inc. BBBY, -35.34% cratered 35.34% to $0.30 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.60% falling 0.60% to 4,129.79 and Dow Jones Industrial Average DJIA, -0.33% falling 0.33% to 33,786.62. The stock’s fall snapped a three-day winning streak. Bed Bath & Beyond Inc. closed $29.70 below its 52-week high ($30.00), which the company reached on August 17th. The stock underperformed when compared to some of its competitors Thursday, as RH RH, -1.66% fell 1.66% to $245.99 and Container Store Group…

Clorox Co. said Thursday it would lay off about 200 employees as part of an ongoing restructuring to reduce its costs. In a blog post, Chief Executive Linda Rendle said the consumer-products maker’s new streamlined operating model, introduced last September, has already proven to be “the right strategy.” “While I’m energized about these changes and what they enable for us as an enterprise, we did have to make some difficult decisions today with the elimination of approximately 200 positions, or roughly 4% of our nonproduction workforce,” she said. “Thankfully, the total number of people impacted is less than that as…

Given the headlines about companies in the tech and other sectors laying off workers by the thousands over the past few months, many people might be feeling grateful just to hold onto their jobs, let alone to earn a raise this year. But a new study from the ADP ADP, -0.65% Research Institute suggests essentially the opposite — that U.S. workers are anticipating a relatively hefty 6.7% hike in pay this year. And it reflects a global trend: In countries around the world, workers are expecting compensation increases ranging from 5.3% in the Netherlands to 12.8% in Argentina. Are these…

Treasury Secretary Janet Yellen on Thursday criticized China’s aid to companies as she set out how the U.S. is approaching competition with the world’s No. 2 economy in what she said was a “tense moment” in bilateral relations.In a speech Thursday at the Johns Hopkins University’s School of Advanced International Studies, Yellen said China has acted illegally. “ ‘As in all of our foreign relations, national security is of paramount importance in our relationship with China. For example, we have made clear that safeguarding certain technologies from the PRC’s military and security apparatus is of vital national interest.’” — Janet…

© Reuters. FILE PHOTO: A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York, U.S. November 8, 2017. REUTERS/Shannon Stapleton/File Photo By Jack Queen (Reuters) – Fox News on Tuesday disposed of one legal threat with its $787.5 million defamation settlement with Dominion Voting Systems, but the network still faces a $2.7 billion lawsuit from another voting technology company, Smartmatic USA, over its coverage of debunked election-rigging claims. Dominion accused Fox and its parent company Fox Corp of ruining its business by airing claims that its machines…

By Katya Golubkova and Yuka Obayashi SAPPORO, Japan (Reuters) -The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But they stopped short of endorsing a 2030 deadline for phasing out coal that Canada and other members had pushed for, and left the door open for continued investment in gas, saying that sector could help address potential energy shortfalls. “In the midst of an unprecedented energy crisis, it’s important to come up with measures…

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -About 155,000 federal workers in Canada walked off the job on Wednesday after failing to reach a deal for higher wages and work-from-home guarantees, a strike that affects a range of public services from tax returns to passport renewals. The Public Service Alliance of Canada (PSAC) union and the federal government said negotiations are ongoing, and Liberal Prime Minister Justin Trudeau stressed the urgency of resolving the dispute. “I know that Canadians will not be terribly patient if it continues too long,” Trudeau told reporters. PSAC says it is the biggest strike…

Roku is likely to report Q1 2023 results toward the end of April, reporting on a quarter that is likely to see the company’s ad business face some headwinds. We expect revenue to come in at about $725 million, slightly ahead of consensus estimates and down by about 1% versus last year. We project that net losses will stand at about $1.25 per share, slightly lower than the consensus estimates. So what are some of the trends that are likely to drive Roku’s performance this quarter? Roku’s lucrative platform business – which sells advertising and content – has seen growth…

Here are the most important news items that investors need to start their trading day:1. More muddlingThe three major U.S. stock indices are coming off another mixed day. The S&P 500 finished Wednesday slightly lower, while the Nasdaq finished slightly higher. The Dow finished in the red. The recent market muddle reflects a mixed beginning to earnings season. While big banks have come through pretty well, other companies have posted middling results. There are tons more earnings to come over the next few weeks, too, as investors also prepare for more signs of a slowdown in the economy. Follow live…

Success requires motivation. And teaching kids to be internally motivated is easier said than done, says Dr. Tovah Klein.When parents try to motivate their children by enthusiastically cheering them on or heaping praise on them, they can actually do more harm than good, says Klein, a child psychologist, author and director of the Barnard College Center for Toddler Development. Barnard is an undergraduate women’s college of Columbia University.”Over-cheering and over-praising” is a common mistake, Klein tells CNBC Make It. “Parents often think that this is linear: ‘If I want my child to be motivated, I have to motivate them myself…