A recap of Wednesday’s best stock picks on CNBC.
Apple grew more slowly than Google, Amazon, Microsoft and Meta, and has so far dodged major layoffs
Google, Amazon, Microsoft and Meta all went on hiring sprees during the Covid era, and now they’re all cutting employees. Apple is an exception (so far).
Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG
Crypto publication CoinDesk has engaged Lazard as it considers a full or partial sale of the business, a subsidiary of Barry Silbert’s Digital Currency Group.
Stocks making the biggest moves after hours: Discover Financial, Alcoa and more
These are the stocks posting the largest moves in after-hours trading.
Fugitive $100 million New Jersey deli defendant Peter Coker Jr. arrested in Thailand
Hometown International, which only owned a small New Jersey deli, was once valued at $100 million on the stock market.
Gen Z workers want to retire before 60—here’s how much they need to save each month to get to $2 million
Gen Z workers plan on retiring by age 59 according to Northwestern Mutual’s latest study. Here’s how much to save each month to reach $2 million by then.
Mexico cracks down on solar geoengineering, forcing startup to pause operations
Make Sunsets was testing the idea of cooling the atmosphere with sunlight-reflecting chemicals in Baja, but came under widespread criticism.
Marvel movies are set to return to China, but Covid could weigh on ticket sales
Marvel movies “Black Panther: Wakanda Forever” and “Ant-Man and the Wasp: Quantumania” will open in China in February.
Microsoft layoffs are not enough to shake our cautious view of the tech giant
Microsoft’s (MSFT) layoff announcement Wednesday reinforces the Club’s belief that the technology giant’s business has more challenges ahead.
Bed Bath & Beyond looks for capital infusion, buyer ahead of likely bankruptcy filing
Bed Bath & Beyond is looking for financing to keep it afloat during a bankruptcy process, and continued discussions with prospective buyers, according to people familiar.