Wayfair is exiting the German market and plans to cut as many as 730 jobs, or about 3% of its global workforce, as it looks to focus on new growth drivers such as physical retail, the company said Friday. About half of the affected employees will have the option to stay on with Wayfair if […]

Key Takeaways Eli Lilly’s Zepbound can be covered by Medicare Part D plans after the FDA approved the drug as a treatment for sleep apnea last month. Weight loss drugs like Zepbound and Novo Nordisk’s Ozempic aren’t covered under Medicare, but can be covered when prescribed to treat another disease like sleep apnea. The Biden

A look at the day ahead in U.S. and global markets from Mike Dolan After a torrid start to the year for U.S. Treasuries and global sovereign bonds at large, Friday tests the ‘hot economy’ thesis by revealing just how tight U.S. labor markets still are as a new administration takes office in Washington this

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Last year, as Treasury yields climbed, stocks mostly shrugged off the move. The spin from strategists: Yields are rising because of expected economic growth, so everything’s copacetic. And with anticipation that rate cuts

Firefighters work as a brush fire burns in Pacific Palisades, California on Jan. 7, 2025. David Swanson | AFP | Getty Images Massive wildfires are devastating the Los Angeles area of Southern California. As of Thursday morning, at least five people were killed, more than 100,000 residents have been ordered to evacuate, and nearly 2,000

(Bloomberg) — Global stock markets retreated on Friday as traders adopted a cautious stance ahead of US jobs data that will offer fresh insight into the health of the economy and the outlook for interest rates. Most Read from Bloomberg Nasdaq 100 futures fell 0.3% while those for the S&P 500 pulled back 0.2%. A

Key Takeaways Since summer 2023, the best high-yield savings account out-paid or matched the best money market account, reaching as high as 5.55%, while the highest money market rate was 5.35%. But with the last of the 5% savings accounts dropping its rate today, you can now earn more with the top money market contender.

(Bloomberg) — Increased collaboration with Nvidia Corp. has pushed investor optimism over the AI growth potential for MediaTek Inc. to a new level, putting its shares on track for their first record high in seven months. Most Read from Bloomberg The stock climbed to within a whisker of its June peak this week after the

Air duct cleaning typically costs about $270 to $500, with an average cost of $388. Your cost depends on the number of vents, the type and size of ductwork, and where you live. How much should I pay for air duct cleaning? The price you’ll pay for air duct cleaning depends on a number of

Nvidia CEO Jensen Huang speaks about the Project Digits personal AI supercomputer for researchers and students during a keynote address at the CES tech conference in Las Vegas, Jan. 6, 2025. Patrick T. Fallon | Afp | Getty Images Nvidia CEO Jensen Huang was greeted as a rock star this week at CES in Las