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Home Stay Economy

2,148.26

-76.8132-3.45%

Number of Gainers:1

Number of Losers:16

Number of Flat:- -

PE:- -

High:2,209.07

Open:2,209.07

Low:2,116.14

Close:2,225.07

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Wayfair Shares up 5% After Jefferies Raises to Buy From Hold; Co Announces Workforce Reduction

THOMSON REUTERS

Wayfair's technology investments are allowing it to cut hundreds of tech jobs

Sector Update: Consumer Stocks Fall Pre-Bell Friday

MT Newswires Live

Wayfair (NYSE:W) Latest to Cut Tech Jobs as Nonfarm Payrolls Show U.S. Jobs Market Cooling

Retailer Wayfair Restructures Technology Team, Cuts 340 Jobs

William O'Neil Initiates JD.com at Buy

MT Newswires Live

Logitech International Has 'Sound' Organic Growth Vision, Wedbush Says

MT Newswires Live

Wayfair Shares up 4.2% Premarket After Jefferies Raises to Buy From Hold; Co Announces Workforce Reduction

THOMSON REUTERS

Wayfair to Cut 340 Technology Jobs As Part of Reorganization; Shares Up Pre-Bell

MT Newswires Live

BRIEF-Wayfair Announces Workforce Reduction Of 340 Technology Team Members

"Rule Beyond the Ring" in WWE® 2K25; The Bloodline Edition and Deadman Edition Available Now Worldwide

JD (JD) Gets a Buy from Benchmark Co.

Logitech International Sa : Wedbush Raises to Outperform From Neutral; Raises Target Price to $125 From $100

THOMSON REUTERS

Wayfair Inc - Announces Workforce Reduction of 340 Technology Team Members

THOMSON REUTERS

Wayfair Inc - Expects Charges of $33 Million to $38 Million From Reorganization

THOMSON REUTERS

Alibaba’s Sudden ADR Discount Shows Fear of US-China Decoupling

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Wayfair Inc. has invested enough money over the years in modernizing its technology that it can now lay off hundreds of technology workers, the company said.The company disclosed Friday that it was cutting 340 jobs, which represents roughly 12% of its technology group and 2.5% of its total workforce of 13,500 employees as of Dec. 31.The cuts will leave its tech organization with over 2,500 employees.The stock  rose 3.4% in premarket trading, after closing the previous session at the lowest price since May 3, 2023.In a blog post, the company said that after significant investments and the \"collective effort\" of its technology teams, it has undergone a complete \"replatforming\" of its technology, migrating to the cloud and leaning on generative artificial intelligence to boost productivity.\"With the foundation of this transformation now in place, our technology needs 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SPDR Fund  was down 0.3% and the Consumer Discretionary Select Sector SPDR Fund  0.5% was lower recently.Gap  shares advanced by over 14% after the company reported fiscal Q4 net income and net sales that topped analysts' expectations, with net income increasing year over year.Wayfair  shares were up more than 2% after the company said it is reducing its technology team by 340 employees as part of a restructuring effort to \"reshape, streamline, and refocus\" its technology operations following certain milestones that were completed.Lands' End  shares rose past 11% after the company said its board has begun a review of potential strategic moves, which could include a sale or 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starting in the second half of 2025 and continuing into 2026.Also Read: Defense Startup Shield AI Reaches $5.3 Billion Valuation: Details. These charges will be spread over the next 12 months, with cash payments made throughout this time.Wayfair’s restructuring comes after a overhaul of its technology infrastructure, transit","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/retailer-wayfair-restructures-technology-team-135556649.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["W","BK4585","BK4588","BK4120","BK4097","TISI","BK4178","BK4524","BK4561","BK4122","TDC","BK4548"],"gpt_icon":0},{"id":"2517508433","title":"William O'Neil Initiates JD.com at Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=2517508433","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517508433?lang=en_us&edition=fundamental","pubTime":"2025-03-07 21:45","pubTimestamp":1741355114,"startTime":"0","endTime":"0","summary":"JD.com (JD) has an average rating of buy and mean price target of $53.99, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from major banks and rese","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4505","IE0008368742.USD","BK4585","BK4531","BK4524","LU1688375341.USD","LU0588546209.SGD","LU0106959298.USD","BK4122","BK4503","LU0326950275.SGD","BK4220","IE00BGV7N243.SGD","LU0307460666.USD","BK4504","LU0463099449.HKD","BK4526","LU1188198961.HKD","BK4588","BK4558","SG9999002463.SGD","BK4509","BK4614","09618","JD","LU0244354667.USD","BK4579","BK4551","LU1880383366.USD"],"gpt_icon":0},{"id":"2517143383","title":"Logitech International Has 'Sound' Organic Growth Vision, Wedbush Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2517143383","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517143383?lang=en_us&edition=fundamental","pubTime":"2025-03-07 21:40","pubTimestamp":1741354820,"startTime":"0","endTime":"0","summary":"Logitech International's  organic growth vision is \"sound\" and will lead to continued growth amid a difficult supply chain backdrop, Wedbush Securities said in a note Friday.The brokerage noted that at the company's recent analyst and investor day, Logitech's management said it will keep its workers focused on going after that organic growth without large M&A.Wedbush said Logitech expects to see gaming tailwinds and expand its addressable market into new end markets.\"We believe Logitech will utilize part of its $1.5 billion of cash to secure various small tuck-in plays within gaming and video collaboration to accelerate growth in those categories, particularly as [artificial intelligence] alters the landscape,\" the firm said.Wedbush raised Logitech's rating to outperform from neutral and price target to $125 from $100.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LOGI","BK4524","BK4170","BK4585","BK4534","BK4588"],"gpt_icon":0},{"id":"2517207438","title":"Wayfair Shares up 4.2% Premarket After Jefferies Raises to Buy From Hold; Co Announces Workforce Reduction","url":"https://stock-news.laohu8.com/highlight/detail?id=2517207438","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517207438?lang=en_us&edition=fundamental","pubTime":"2025-03-07 21:35","pubTimestamp":1741354521,"startTime":"0","endTime":"0","summary":null,"market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250307:nL3N3PQ16G:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4524","W","BK4588","BK4585","BK4548","BK4122","BK4561","BK4178"],"gpt_icon":0},{"id":"2517487071","title":"Wayfair to Cut 340 Technology Jobs As Part of Reorganization; Shares Up Pre-Bell","url":"https://stock-news.laohu8.com/highlight/detail?id=2517487071","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517487071?lang=en_us&edition=fundamental","pubTime":"2025-03-07 21:03","pubTimestamp":1741352635,"startTime":"0","endTime":"0","summary":"Wayfair  said in a regulatory filing Friday that it is reducing its technology team by 340 employees as part of a restructuring effort to \"reshape, streamline, and refocus\" its technology operations following certain milestones that were completed.The company expects to incur charges between $33 million and $38 million, primarily for severance, benefits, and transition costs, with most payments to be made over the next 12 months.While near-term transition costs will largely offset structural cost savings, Wayfair said it expects incremental savings to begin in H2 and extend into early 2026.Shares were over 3% higher in recent premarket activity.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4588","BK4178","BK4122","BK4548","BK4585","BK4561","W","BK4524"],"gpt_icon":0},{"id":"2517487092","title":"BRIEF-Wayfair Announces Workforce Reduction Of 340 Technology Team Members","url":"https://stock-news.laohu8.com/highlight/detail?id=2517487092","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517487092?lang=en_us&edition=fundamental","pubTime":"2025-03-07 21:03","pubTimestamp":1741352608,"startTime":"0","endTime":"0","summary":"BRIEF-Wayfair Announces Workforce Reduction Of 340 Technology Team MembersMarch 7 (Reuters) - Wayfair Inc W.N:WAYFAIR INC - ANNOUNCES WORKFORCE REDUCTION OF 340 TECHNOLOGY TEAM MEMBERSWAYFAIR INC - EX","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250307:nFWN3PQ0QC:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4122","W","BK4178","BK4524","BK4548","BK4561","BK4588","BK4585"],"gpt_icon":0},{"id":"2517943868","title":"\"Rule Beyond the Ring\" in WWE® 2K25; The Bloodline Edition and Deadman Edition Available Now Worldwide","url":"https://stock-news.laohu8.com/highlight/detail?id=2517943868","media":"Business Wire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517943868?lang=en_us&edition=fundamental","pubTime":"2025-03-07 21:00","pubTimestamp":1741352400,"startTime":"0","endTime":"0","summary":"Today, 2K announced The Bloodline Edition and the Deadman Edition of WWE 2K25, the newest entry in the WWE video game franchise by Visual Concepts, are now available on PlayStation5 , PlayStation4 , Xbox Series X|S, Xbox One, and PC via Steam. The Bloodline Edition features Roman Reigns and the members of his dominant Bloodline faction on the cover, while the Deadman Edition features the iconic Undertaker. The Standard Edition, featuring cover star Roman Reigns and his “Wise Man” Paul Heyman, will be available on Friday, March 14, 2025. . Experience franchise advancements, enhanced gameplay, new match types including Intergender and Bloodline Rules, biggest roster ever, new \"The Island\" experience, and more. 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