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Snap, Abercrombie & Fitch, Roblox and more

Snap Inc.’s banner is photographed on the New York Stock Exchange façade by a man. This was March 2, 2017. Brendan McDermid | Reuters See which companies are making the headlines Tuesday afternoon trading. Snap — Shares of Snapchat’s parent company plummeted 41.2%Snap declared it was unlikely to meet revenue and earnings estimatesIn the current […]

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Best Buy, Abercrombie & Fitch, Snap and more

Check out a number of the greatest movers within the premarket: Best Buy (BBY) – Finest Purchase jumped 5.2% within the premarket after the electronics retailer reported a combined quarter. Finest Purchase fell 4 cents a share shy of forecasts, with quarterly earnings of $1.57 per share. Income was higher than anticipated, nonetheless, and comparable-store […]

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Our great hybrid work experiment got things wrong. How to fix it.

Apple’s attempt to bring back workers to its offices was to reach another important milestone on Monday. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s set schedule met widespread resistance from workers, and it was blamed […]

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Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

Traders are seen on the New York Stock Exchange’s floor in Manhattan, New York City. March 7, 2022. Andrew Kelly | Reuters A stock market that is already struggling could see more negative news from retailers over the next week. Although market professionals are looking out for additional signs that stocks may be bottoming soon, […]

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Tech layoffs, hiring slowdown stand out in red-hot job market

San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in AprilThe Bureau of Labor Statistics released Friday’s report amid tight labor markets. However, the tech sector that soared in the wake of the pandemic shows signs of slowing down. Facebook parent company MetaIs pausing the hiring process and scaling back some […]