[ad_1] Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the beleaguered retailer tumbled 19.8% after it outlined a strategic plan that only confirmed investor fears that the company will struggle to turn around its business. Bed Bath also filed to sell an …
Read More »Monthly Archives: August 2022
McDonald’s U.S. head says California fast-food bill unfairly targets big chains
[ad_1] A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images The head of McDonald’s U.S. on Wednesday publicly criticized a landmark California bill that would give the state more control over pay for fast-food workers, saying …
Read More »FDA authorizes Covid booster shots that target omicron BA.5 variant
[ad_1] A medical staff prepares a booster dose of Pfizer’s coronavirus disease (COVID-19) vaccine are seen at a vaccination centre in Brussels, Belgium, January 5, 2022. Yves Herman | Reuters The Food and Drug Administration authorized Covid booster shots that target the omicron BA.5 subvariant as the U.S. prepares for …
Read More »Ethical issues of facial recognition technology
[ad_1] An overview of facial recognition technology’s ethical issues, ranging from privacy to bias concerns. Image: Leszek/Adobe Stock Facial recognition technology has entered the mass market, with our faces now able to unlock our phones and computers. While the ability to empower machines with the very human ability to identify …
Read More »Walmart invests in ranchers’ company as shoppers favor premium beef
[ad_1] The assortment in Walmart’s beef department has reflected changing consumer preferences, as more of them opt for higher quality cuts of meat. Melissa Repko | CNBC As more grocery shoppers opt for higher quality meats, Walmart said Wednesday that it is investing in a company led by ranchers and …
Read More »Bed Bath & Beyond announces store closures, layoffs and new financing in push to fix struggling business
[ad_1] A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond said Wednesday that it secured more than $500 million in new financing and that it is closing stores and laying off …
Read More »Bed Bath & Beyond shares crater after meme stock files share offering of undisclosed amount
[ad_1] Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Bed Bath & Beyond shares dropped after the retailer turned meme stock said in a filing it would sell shares of an undisclosed amount. The shares dropped …
Read More »G20 faces ‘tough’ negotiations on climate
[ad_1] U.S Special Presidential Envoy for Climate John Kerry (right) with President of COP26 Alok Sharma at the G-20 Joint Environment and Climate Ministers’ Meeting in Nusa Dua, Indonesia’s Bali island, on Aug. 31, 2022. Firdia Lisnawati | Afp | Getty Images BALI, Indonesia — G-20 ministers have gathered in …
Read More »Europe’s extreme weather risks smaller harvests and higher food prices
[ad_1] British farmers have warned that the country’s hot and dry conditions will inevitably lead to smaller harvests this year. Planet One Images | Universal Images Group | Getty Images In a typical year, Rodger Hobson can expect to produce around 35,000 tons of carrots on his 880-acre farm in …
Read More »Buy these cash kings for downside protection and flexibility in tough market, Morgan Stanley says
[ad_1] As Wall Street surveys for potential risks heading into September, some large-cap companies with strong balance sheets could offer investors both downside protection and even some growth, says Morgan Stanley. In the second quarter, certain companies in the Russell 1000 maintained healthy cash balances, even as they fortified their …
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