Wayfair and Macy's job cuts, iRobot shares plummet, tech rally in focus: Yahoo Finance Live
Wayfair (W) and Macy's (M) have joined the growing list of companies warning of impeding job cuts this year. Wayfair announced plans to cut 13% of its workforce this year, while Macy's said it will cut over 3% while also closing several U.S. locations. iRobot (IRBT) shares are plummeting this morning after the Wall Street Journal reported that European regulators are planning to block Amazon's (AMZN) planned acquisition of the company. Amazon struck a deal to buy iRobot in 2022. On Wall Street, investors are looking to keep the tech rally rolling. The Nasdaq 100 (^NDX) closed at a record high yesterday after big gains from top names including Apple (AAPL). Yahoo Finance trending tickers include Williams-Sonoma (WSM), Tesla (TSLA), and Bitcoin (BTC-USD).
Key guests include:
9 a.m. ET - Michael Gapen, Bank of America Chief U.S. Economist
10:30 a.m. ET - Brad Wilson, Care.com CEO
11 a.m. ET - Paul Gruenwald, S&P Global Ratings Global Chief Economist
11:15 a.m. ET - Doug Holtz-Eakin, American Action Forum President, Fmr. Director of the Congressional Budget Office
