Wayfair lays off 13% of its workforce weeks after telling employees to work harder

View in Browser January 19, 2024 Dow 37,863.80 1.05% S&P 500 4,839.81 1.23% NASDAQ 15,310.97 1.70% Last updated January 19 at 5:15 PM ET     Wayfair lays off 13% of its workforce weeks after telling employees to work harder Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns.    Read full article   Analysis: Stock buybacks could rebound this earnings season American companies could start buying up more of their own shares as rising profits generate surplus cash and interest rate cuts come into view.    Read full article   Detroit Lions ticket prices are going through the roof as rare playoff run stimulates local economy The Lions, long one of the worst performing franchises in pro sports, are having a moment right now. And the entire Detroit economy is cashing in on the team's success.    Read full article   Video: Millennials say they're struggling in this 'good' economy CNN's Alisyn Camerota sat down with two millennial families who say they're reconsidering what the "American Dream" really means.    Read full article   Ford is cutting back F-150 Lightning electric truck production Ford will shut down one of two production shifts in April at the Dearborn, Michigan, factory that builds the F-150 Lightning electric pickup. The move is part of "matching F-150 Lightning production to customer demand," the company said Friday.    Read full article   JetBlue and Spirit appeal court decision blocking their merger JetBlue Airways and Spirit Airlines filed an appeal late Friday of the federal court ruling from earlier this week that had blocked their proposed merger on antitrust grounds.    Read full article   Today's movers KAMN 45.06 100.89% Kaman Corporation Class A SMCI 423.36 35.94% Super Micro Computer, Inc. EWTX 13.14 35.55% Edgewise Therapeutics, Inc. IRBT 17.33 26.63% iRobot Corporation ASTS 3.11 25.36% AST SpaceMobile, Inc. Class A AZTR 1.54 24.88% Azitra Inc Last updated January 19 at 4:10 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2024 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303