INSIDER
Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
Read full article: Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and TupperwareA new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy.
Struggling Bed Bath & Beyond files for bankruptcy protection
Read full article: Struggling Bed Bath & Beyond files for bankruptcy protectionBed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — 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%
Read full article: Bed Bath & Beyond 3Q results miss Street as sales slide 33%Bed Bath & Beyond’s 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 there’s substantial doubt about the company’s ability to continue
Read full article: Bed Bath & Beyond says there’s substantial doubt about the company’s ability to continueBeleaguered 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
Read full article: Bed Bath & Beyond names interim CFO, but struggles remainBed 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
Read full article: Bed Bath & Beyond tumbles after influential investor exitsThe 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 that’s he’s bailed out of the stock.
Bed Bath & Beyond closing stores, cruises prepare to sail
Read full article: 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
Read full article: Businesses in survival mode raise cash; commodities take offThis 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.