Business

Bed, Bath & Beyond shares plummet after investor Ryan Cohen reveals intent to sell entire stake

Bed, Bath & Beyond shares plummet after investor Ryan Cohen reveals intent to sell entire stake

Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts. Brian Snyder | Reuters Bed Bath & Beyond shares plunged Wednesday during prolonged trading after activist investor Ryan Cohen said in a filing that he plans to sell his entire stake in the retailer through his firm RC Ventures. According to a Form 144 …

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I am one of 800 Platoon employees who are losing their jobs.  After massive layoffs in February, every day for the past six months I've wondered which shift would be my last - now I know.

I am one of 800 Platoon employees who are losing their jobs. After massive layoffs in February, every day for the past six months I’ve wondered which shift would be my last – now I know.

Peloton told employees last week it is cutting 800 jobs, closing stores and raising prices. An anonymous field specialist at Peloton, whose identity Insider has verified, describes the warning signs that predicted this latest round of layoffs at the company. This is their story, told to Insider’s Sarah Jackson. It has been edited for length …

I am one of 800 Platoon employees who are losing their jobs. After massive layoffs in February, every day for the past six months I’ve wondered which shift would be my last – now I know. Read More »

Starbucks illegally threatened employees in Seattle, claims Labor Board

Starbucks illegally threatened employees in Seattle, claims Labor Board

(Bloomberg) — Starbucks Corp. illegally threatened workers in cities, including Seattle’s hometown, US prosecutors said in a complaint Tuesday. Most read by Bloomberg A regional director of the National Labor Relations Board alleges letters issued by the company to staff at 10 stores in Washington and Oregon state violate federal law. Workers were told that …

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Gold Price Continues Steady Loss as Federal Reserve Stays Focused on Inflation Threat - Fed Minutes

Gold Price Continues Steady Loss as Federal Reserve Stays Focused on Inflation Threat – Fed Minutes

Editor’s Note: Stay tuned for the daily news with so much market volatility! Catch up in minutes with our quick round-up of the news to read today and the expert opinions. Register here! (Kitco News) – Gold prices remain under pressure, but are largely ignoring the minutes of the Federal Reserve’s monetary policy meeting in …

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Fed plans more rate hikes.  Then it sees a potential break.

Fed plans more rate hikes. Then it sees a potential break.

Federal Reserve Chairman Jerome Powell at the press conference after the July meeting. Drew Angerer/Getty Images Font size The latest clues about the Federal Reserve’s thinking about fighting inflation have just come in. It is an important point of interest for investors. Below is an example of the minutes. The Federal Reserve will publish the …

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Stocks and bonds under pressure after gloomy UK inflation data

Stocks and bonds under pressure after gloomy UK inflation data

Stocks and bonds came under pressure on Wednesday after disappointing earnings from US retailer Target weighed on market sentiment already obscured by worse-than-expected inflation data in the UK. Wall Street’s S&P 500 stock index was down 1.1 percent by noon in New York, with travel companies the biggest fallers. Cruise shares Carnival, Norwegian Cruise Line …

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Target's quarterly profit fell by nearly 90% - this is how much money you would have if you invested $1,000 a year ago

Target’s quarterly profit fell by nearly 90% – this is how much money you would have if you invested $1,000 a year ago

Target income missed the target after delivery lower than expected profit for the second quarter of 2022. As of the opening of trading on August 17, 2022, Target stock has been hovering around $174 per share. That’s more than a price of about $149 per share at the close of trading a month ago, July …

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The Dodge Hornet aims to be the hot hatch of small crossovers

The Dodge Hornet aims to be the hot hatch of small crossovers

Image: Stellantis Where were you the last time Dodge released a new car? I had only just started studying, it was a… decade past. It took Dodge, what seems like an eternity, to get the poorly received Dartso the 2023 Hornet better give Stellaantis muscle makers a viable entry-level model—for real this time. Dodge unveiled …

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Target profit drops 90% as inflation-weary shoppers pull back |  CNN Business

Target profit drops 90% as inflation-weary shoppers pull back | CNN Business

New York CNN Business — Target reported that second-quarter profits fell 90% and fell far short of expectations as inflation-weary customers pulled back on spending on non-essentials. Retailers, including Target, have been forced to cut prices for general merchandise such as clothing, electronics and household goods due to a surplus of goods. Consumers had to …

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Doesn't Mark Zuckerberg understand how bad his metaverse looks?

Doesn’t Mark Zuckerberg understand how bad his metaverse looks?

Zuckerberg facebook Mark Zuckerberg has been roasted on Twitter again, this time not over barbecue sauce or surfing. On Tuesday, he posted a screenshot of Horizon Worlds on Facebook to celebrate the game’s release in France and Spain. The image shows Mark’s dead-eyed Avatar standing in an empty landscape populated only by a small version …

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