Stocks

Nordstrom responds to activist Ryan Cohen

Shares for the department store chain Nordstrom spiked following reports that meme-stock investor Ryan Cohen was purchasing more shares of the company.

Bed Bath & Beyond's list of store closings

Bed Bath & Beyond closing dozens of more stores across the nation due to challenges faced by the home retailer. Last year, it already announced plans to close 150 stores.

FedEx cutting over 10% of management roles

FedEX CEO Raj Subramaniam announced in a letter to team members the company was reducing over 10% of its executive roles to maintain efficiency during uncertain economic times.

McDonald's sees inflation sticking around

Although McDonald’s beat Wall Street predictions for fourth quarter earnings, the company CEO Chris Kempczinski is warning inflation will remain in 2023.