Bed Bath & Beyond's (BBBY) stock sank 24% after the embattled retailer announced it will raise as much as $1.025 billion through an equity offering. BBBY had gained 92% on Monday ahead of the announcement, as a recent rally in the nearly-bankrupt company continued to gain momentum. The stock soared...
Amazon is hosting another Prime Day-like deal bonanza next month, marking the first time it will hold two such events in the same year. The company said Monday that the event, which it’s calling the “Prime Early...
Before you start stressing about how to eat healthfully this holiday season, take heart. Nutrition pros approve, and even encourage, taking a break from your health goals to enjoy those once-a-year favorites. “If the holidays are the only time you get mom’s mashed potatoes or great aunt’s fruit cake,...
The federal government declared a regional emergency in the states of Illinois, Michigan, Indiana, and Wisconsin following a fire that broke out at a BP-owned refinery in Whiting, Indiana. The fire erupted last week and was quickly extinguished but BP said it would need to shut down some units that...
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the United States, Europe and China —all experience weakening activity, the head of the International Monetary Fund (IMF) said on Sunday. The new year is going to be...
LONDON — Markets no longer fear inflation and are now focused on the spread of the delta Covid-19 variant, according to HSBC Wealth Management. In a note Thursday, Chief Investment Officer Xian Chan said that after a period of...
Here's another one for the 'black holes are weird' file: a team of mathematicians has calculated that some black holes in an expanding Universe like ours can press the reset button on the history of their contents, effectively erasing the past and turning the future into a giant question...
Two federal regulators are close to fining Wells Fargo $1 billion for forcing customers into car insurance and charging mortgage borrowers unfair fees. The hefty penalty will be announced as early as Friday by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, according to...
Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the month, pointing to a grim near-term future that could see total production dip below 1 million barrels per day...
Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an effort to retain talent and provide a chance to cut stakes for investors ensnared by a years-long regulatory crackdown at the company.
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