Walmart Workers Brace for Thousands of Layoffs
Walmart's new "Great Workplace" plan is expected to trigger job cuts that almost certainly will be in the thousands, another sign that brick-and-mortar retailers continue to struggle.
All Work
Douglas A. McIntyre
Bed Bath & Beyond’s Real Problem Is People Don’t Want to Shop There
Bed Bath & Beyond has rolled out a new plan to improve its operating performance. But does it address the retailer's core problem?
How Delayed Drug Approval Is Punishing Bio-Path Stock
What is it like to have a stock plunge 90% in less than a year and wipe out a huge amount of shareholder value? That's what happened to Bio-Path.
Apple Kicks Off the Recession
Companies continue to announce that the spread of the Covid-19 virus will affect their earnings. No company better signifies the impact on a business level than Apple, the most valuable company in the world.
HSBC to Fire as Many as 35,000
After its announced rough fourth-quarter earnings, huge bank HSBC told media that it will cut as many as 35,000 jobs. The bank’s pretax profit fell 33% to $13.4 billion, well below analyst forecasts. It…
Apple Chops Guidance Due To COVID-19!
In the largest shock yet in terms of the effect of COVID-19 on the U.S. economy, Apple Inc. dropped its guidance for the current quarter. It said that global iPhone supply will be weak…
WTO Flashes Warning About Global Economy
The World Trade Organization (WTO) warned that the economy, based on world merchandise trade slowed toward the end of last year. Its researchers warned that the outbreak of COVID-19 are not accounted for in…
Japan GDP Drops 6.3%, Raises Specter Of Global Recession
The Japan Cabinet Office released GDP numbers for the fourth quarter of 2019. They were more than dismal. GDP dropped a breathtaking 6.3%. Combined with a blow to China’s economy, and figures which show…
Bloomberg Jumps Ahead Of Biden In National Poll
PredictIt is not a normal national poll. It is, rather, a huge set of bets with odds based on how the bettors think an election will finish. However, it has been uncannily accurate, so…
How Many Gas Stations Are In U.S.? How Many Will There Be In 10 Years?
There are about 115,000 gas stations in the U.S. That figure has dropped sharply over the last two decades. The reasons are primarily a fall off in the margins owners get, and more fuel…
How Many People Will Be Fired When Sprint Is Married to T-Mobile?
Sprint and T-Mobile finally will merge. As happens in all such transitions, some people will lose their jobs.
Walmart Starts the Year on Down Note
Walmart stock is among the worst-performing Dow Jones industrial components so far this year. That may be a reaction to worries about retail in general.
Kraft Heinz Downgraded to Junk
As Kraft Heinz reported earnings, it became clear that its turnaround plans are a mess. Fitch has downgraded the stock to a junk rating.
Will Germany Kill the World’s Fastest Roads?
Germany may put a speed limit on the Autobahn, ending a decades-long tradition in order to reduce engine emissions and crash dangers.
As Wayfair Cuts Staff, Another Retailer Buckles
Wayfair's excuse for layoffs was that the company wants to drive efficiencies. That is what most faltering retailers say.
Germany and China Both Flirt With Recession
A global recession already has started to spread. It seems less and less likely that the American economy can dodge the carnage.
Genesis Wins Race for Most Dependable Car Brand
J.D. Power has released its 2020 U.S. Vehicle Dependability Study. Small South Korean luxury brand Genesis tops the list.
China Smartphone Shipments to Drop 30% in Q1
The coronavirus has taken another victim. Smartphone shipments from China are expected to drop sharply this quarter.
Did Harry’s Need Schick to Prosper?
When Schick razor's owner dumped a deal to buy niche razor company Harry's, the latter sued over the action.
Snap Stock Bounces Back, but How Long Will It Last?
Snap stock has rallied, headed toward a 52-week high. Comments from senior management were probably the primary reason the shares advanced.