Current:Home > ContactThe Daily Money: Big cuts at Best Buy -WealthSync Hub
The Daily Money: Big cuts at Best Buy
View
Date:2025-04-16 00:14:11
Good morning! It's Daniel de Visé with your Daily Money.
Addressing "lower business demand," Best Buy has laid off a significant number of employees, including Geek Squad field agents, Amaris Encinas reports.
Home-theater repair technicians and phone support specialists were among those affected by the most recent wave of layoffs at the Richfield, Minnesota-based company, according to the Star Tribune newspaper.
What does the future hold for the big box retailer?
Trump stock plummets, again
Trump Media & Technology Group shares plummeted more than 18% Monday after the company took steps to sell millions of additional shares.
Trump Media, the parent company of social media platform Truth Social, filed to register up to 146.1 million shares for sale, including nearly 115 million owned by Trump, Bailey Schulz reports. Trump Media shares ended the day at $26.61. That's down more than 60% from their peak in late March, after the company made its stock market debut.
The company generated about $4 million in revenue in 2023 -- less than the average Chick-fil-A drive-thru, the Washington Post noted -- while losing more than $58 million.
Read the story.
📰 More stories you shouldn't miss 📰
- These Americans got an automatic extension on their taxes
- Sugar found in sugar-free soda
- Domino's rolls out foldable pizza
- Layoffs at Tesla
- The latest mortgage rates (brace yourself)
📰 A great read 📰
Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!
If you’re one of many Americans who think you’ll work till 75 or 70, or even 65, think again.
The average American retires at 62. Sixty-two is not particularly old. The average over-50 worker expects to retire at 67, according to Transamerica. The average life expectancy is 77 ½. Our president is running for reelection at 81.
But few of us get to retire when we want.
Here are the stories of seven Americans who retired years earlier than planned, for reasons largely beyond their control.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (2)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Why Princess Anne's Children Don't Have Royal Titles
- Alberta’s New Climate Plan: What You Need to Know
- World’s Leading Polluters Have Racked Up a $10 Trillion Carbon Debt
- Could your smelly farts help science?
- TSA expands controversial facial recognition program
- Global CO2 Emissions to Hit Record High in 2017
- Today’s Climate: May 11, 2010
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- El Niño’s Warning: Satellite Shows How Forest CO2 Emissions Can Skyrocket
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Whatever happened to the caring Ukrainian neurologist who didn't let war stop her
- Today’s Climate: May 15-16, 2010
- Freddie Mercury memorabilia on display ahead of auction – including scribbled song lyrics expected to fetch more than $1 million
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- EPA Finding on Fracking’s Water Pollution Disputed by Its Own Scientists
- Canada’s Tar Sands Pipelines Navigate a Tougher Political Landscape
- The government will no longer be sending free COVID-19 tests to Americans
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Transplant agency is criticized for donor organs arriving late, damaged or diseased
California Makes Green Housing Affordable
Supreme Court agrees to hear dispute over effort to trademark Trump Too Small
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Investors Worried About Climate Change Run Into New SEC Roadblocks
27 Ways Hot Weather Can Kill You — A Dire Warning for a Warming Planet
300 Scientists Oppose Trump Nominee: ‘More Dangerous Than Climate Change is Lying’