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“Wayfair shares surge after furniture retailer cuts losses by more than $100 million”

“Wayfair’s sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday… Wayfair shares closed more than 16% higher Thursday. The company’s reported net… Continue Reading…

Business

“Wayfair shares surge after home goods retailer announces 1,650 job cuts, 13% of workforce”

“Wayfair is cutting 13% of its global workforce as the digital home goods retailer continues its efforts to trim down its structure, cut out layers of management and reduce costs after going “overboard” with corporate hiring during the Covid pandemic, it… Continue Reading…

Stocks

“3 Monster Growth Stocks That Still Have Room to Run”

“Bandwidth, Inc. (BAND)… Overall, BAND gets a Moderate Buy rating form the analyst consensus, based on 5 reviews, including 4 Buys and 1 Sell. The shares are priced at $150.50, and the average price target of $192.20 implies a one-year upside… Continue Reading…

Stocks

“Wayfair stock soars 38% as business more than doubles…”

“Wayfair Inc. stock soared 38.3% in Monday premarket trading after the e-commerce home retailer said business skyrocketed amid the coronavirus pandemic. Wayfair went into March with gross revenue up just below 20%, consistent with January and February. However, business more… Continue Reading…