Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
A new class of meme stocks has sprung up during the stock marketโs surprise recent rally, raising concerns about investorsโ willingness to take on bigger risks amid a still uncertain economy.
Struggling Bed Bath & Beyond files for bankruptcy protection
Bed Bath & Beyond โ one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets โ filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.
Bed Bath & Beyond 3Q results miss Street as sales slide 33%
Bed Bath & Beyondโs fiscal third-quarter sales fell by a third as the home goods company struggles to strike the right balance with its shoppers, a sign of its worsening outlook.
Bed Bath & Beyond says thereโs substantial doubt about the companyโs ability to continue
Beleaguered Bed Bath & Beyond is warning it may need to file for bankruptcy as struggles to attract shoppers.
Bed Bath & Beyond names interim CFO, but struggles remain
Bed Bath & Beyond has named Chief Accounting Officer Laura Crossen as interim chief financial officer to replace Gustavo Arnal, whose death late last week adds to a cloud of financial uncertainty for the company and further complicates its plans for a turnaround.
Bed Bath & Beyond tumbles after influential investor exits
The newest meme stock on Wall Street, Bed Bath & Beyond, is tumbling even further in after-hours trading Thursday after a high-profile activist investor confirmed thatโs heโs bailed out of the stock.
Bed Bath & Beyond closing stores, cruises prepare to sail
________________________RETAIL: Bed Bath & Beyond plans to close about 200 stores over the next two years as its sales slid in the first quarter. The Buckle is seeing improving sales as more of its stores reopen. The sporting goods retailer's same-store sales dropped 28.2% in the first half of the second quarter with stores shuttered, according to preliminary data. However, the metric climbed 15.5% in the second half of the quarter as stores began reopening. Greek authorities say they are ready to reimpose public and travel restrictions next week, warning that safety guidance for COVID-19 is being frequently ignored.
Businesses in survival mode raise cash; commodities take off
This artist rendering released by Live Nation shows the set up for Live Nation's Live from the Drive-In, concert series taking place July 10-12. The Fed is using its tools to help, but most of the cash is being raised in the private sector. American Airlines will try to raise $3.5 billion to offset the cash its burning through with airports still largely empty. TripAdvisor said Monday that it had $693 million of cash and cash equivalents at the end of last month, down $105 million from the end of March. Two commodities monitored closely because they can indicate activity in construction copper and lumber are up 10% and 15% over the past month, respectively.