MoneyWatch

Bed Bath & Beyond on Wednesday said it is cutting 20% of its corporate and supply-chain staff and closing 150 poor-performing stores as it seeks to cut costs amid a sales slump. Shares of the company plunged 25% in morning trading.  The company also said it has lined up $500 …

The recent case of a Nebraska teenager facing felony charges over an alleged abortion — charges that prosecutors were able to bring thanks to messages they obtained from Facebook — is causing alarm in privacy and technology circles. Lawyers and and privacy advocates highlight a chilling new reality of digital …

It’s an anxious time to be saving for retirement, with the double-whammy of inflation and a volatile market taking a toll on people’s 401(k) balances.  Investors now see inflation — at its hottest level in 40 years — as the primary obstacle to a comfortable retirement, Charles Schwab found in …

An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest annual increase in four decades. Friday’s government figures underscore the persistence of the inflation that is eroding Americans’ purchasing power, dimming their confidence in the economy and threatening Democrats …

Trader Joe’s is getting its first union location after workers at a store in Hadley, Massachusetts, voted to unionize, joining a wave of labor organizing in retail that has swept companies including Amazon, Apple and Starbucks.  Workers voted 45 to 31 to join Trader Joe’s United, an independent union unaffiliated …

More Americans applied for unemployment benefits last week and while layoffs remain low, it was the fifth consecutive week that claims topped the 230,000 mark and the highest number in almost six months. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from the …

Jeff Bezos is sparring with the White House over the cause of high gas prices, with the world’s second-richest person expressing opposition to a tweet from President Joe Biden that called on fuel companies to cut prices. Bezos took issue with a July 2 tweet from Mr. Biden that told …

The U.S. Food and Drug Administration on Thursday ordered Juul Labs Inc.’s e-cigarettes off the market, saying the products play an outsized role in the rise in youth vaping. The sales ban follows nearly two years of back and forth between the regulator and the San Francisco-based company, which had …

Stocks are sliding on Wall Street Tuesday a day after dropping into a bear market. The S&P 500 was down 14 points, or 0.4%, as of 11:30 Eastern Time on Tuesday, while the Dow dropped 0.5%. The tech-heavy Nasdaq edged up 0.1%. In the early going, Treasury yields slowed their …

Elon Musk is threatening to pull his $44 billion Twitter buyout offer, accusing the company of hiding information about the number of bot and spam accounts on the platform. In a letter filed with the Securities and Exchange Commission Monday, lawyers for Musk said that Twitter has refused to hand …