Bed Bath & Beyond CEO Mark Tritton Exits as Sales Plunge

When Mark Tritton took the helm of Bed Bath & Beyond in 2019, he moved quickly to overhaul the home-goods chain by cleaning up crowded aisles, scaling back coupons and doing away with popular national brands in favor of new, private-label goods. That strategy was repudiated on Wednesday, after the company reported another quarter of … Read more

Ukrainian Rescuers Search for Survivors After Russian Missiles Strike Mall

Ukrainian rescuers sifted through the rubble of a shopping mall in Kremenchuk looking for survivors the day after it was struck by Russian missiles, killing at least 20, as Western leaders vowed fresh measures to increase economic pressure on Moscow to call off its forces. “More than a thousand people worked all night on the … Read more

Bed Bath & Beyond turning off AC in stores to save money: report

Bed Bath & Beyond is making its customers and employees sweat these days. The struggling home goods chain – which reported a steep decline in sales last quarter – is turning down the air-conditioning in its stores in an effort to cut costs, according to Bank of America analysts who have visited the stores. Along … Read more

Nike’s quarterly profit beats Wall Street expectations, $ 18 billion buyback approved

Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $ 18 billion share buyback program, sending the apparel maker’s shares higher in the after-hours session. Nike NKE, -2.13% said it earned $ 1.4 billion, or 90 cents a share, in the fiscal fourth quarter, compared with … Read more

Volkswagen Nears Deal to Sell Stake in Electrify America to Siemens

Volkswagen is close to selling a minority stake in its US electric-vehicle charge business to an arm of Siemens a deal that would value the network at more than $ 2 billion, according to people familiar with the matter. A sale of a stake in Volkswagen’s Electrify America LLC would generate additional funding as part … Read more

Amazon’s Prime Day Isn’t Quite the Blockbuster It Once Was – The Wall Street Journal

Amazon’s Prime Day Isn’t Quite the Blockbuster It Once WasThe Wall Street Journal

Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds

Robinhood Markets struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the week in January 2021 when meme stocks exploded, according to a report from the Democratic staff of the House Financial Services Committee. The committee held hearings in February 2021, questioning the chief executives … Read more

Pfizer says updated booster can provide more protection against omicron

Pfizer says changing its COVID-19 vaccine to better target the omicron variant is safe and effective. The update, in a statement issued Saturday, comes just days before regulators determine if Americans should receive another round of booster shots beginning this fall. The most widely used vaccines currently in circulation mostly target the original, more dangerous … Read more

In Volatile Markets, Income Investors Must Choose: High Yields or Steady Payouts.

As 2022 approaches its midpoint with deepening concerns about recession and inflation, stocks with higher yields have performed relatively better than those with faster-growing payouts. But Donald Kilbride, the portfolio manager of the $ 53 billion Vanguard Dividend Growth fund (ticker: VDIGX), which focuses on rising payouts, not yield, is taking that into stride. As … Read more

Want Menswear You Can Brag About? Consider This Outfit – The Wall Street Journal

Want Menswear You Can Brag About? Consider This OutfitThe Wall Street Journal 5 Menswear Items on Sale Now | Valet.Valet Mag View Full Coverage on Google News