Wayfair (W) and Macy’s (M) are the latest companies to issue warnings of imminent job cuts this year.
Wayfair revealed intentions to reduce its workforce by 13%, while Macy’s plans to cut over 3% and close multiple U.S. locations.
In another development, iRobot (IRBT) witnessed a significant drop in its stock value following reports by the Wall Street Journal that European regulators are intending to block Amazon’s (AMZN) proposed acquisition of the company, which was agreed upon in 2022.
Meanwhile, investors on Wall Street are keen on sustaining the tech rally, with the Nasdaq 100 (^NDX) achieving a record high, fueled by notable gains from major players like Apple (AAPL).
Notable tickers trending on Yahoo Finance include Williams-Sonoma (WSM), Tesla (TSLA), and Bitcoin (BTC-USD).
