Author: Press Room
Traders of stock index futures are now the most bearish on record. Its likely a good time to buy equities. We know this because there are now more bearish bets by speculators on the S&P 500 E mini futures contracts than at any time since it began trading in 1998. That’s a quarter of a century ago. Seems to forecast complete disaster Its means those traders are “absolutely certain” that the broad market will drop like a stone, writes Adam Johnson, author of the Bullseye Brief financial newsletter. “They [traders] are more negative now than during the housing crisis, the…
Bed Bath & Beyond BBBY filed for bankruptcy on April 23, according to the Wall Street Journal. BBBY — which was founded in 1971 and went public in 1992 — will eventually close all its retail stores, noted the Journal, and has obtained $240 million from Sixth Street Specialty “to fund its operations in bankruptcy,” according to New York Times NYT . BBBY will keep some stores operating. According to a company statement, these include “360 Bed Bath & Beyond and 120 buybuy BABY stores and websites…as the company begins its efforts to effectuate the closure of its retail locations.”…
Bed Bath & Beyond on Sunday filed for Chapter 11 bankruptcy protection after it failed in several last-ditch efforts to raise enough money to keep the company alive.The beleaguered home goods retailer has been warning of a potential bankruptcy since early January, when it issued a “going concern” notice that it may not have the cash to cover expenses after a dismal holiday season. Shares of the company closed at 29 cents Friday, giving it a market value of $136.9 million. The stock is down about 88% this year. Last April, it was trading around $20 a share.The company’s 360 namesake…
After a tumultuous struggle to stay in business over the past several years, Bed Bath & Beyond declared bankruptcy on Sunday. That means your stash of its 20%-off coupons are about to be useless. Bed Bath & Beyond said it would sell off its merchandise and then go out of business. The company said customers will have Sunday, Monday and Tuesday to use their remaining 20%-off coupons. The company will stop accepting coupons on Wednesday. Instead, Bed Bath & Beyond expects to offer “deep discounts” on its products as part of its going-out-of-business sales. “Creditors wouldn’t want to allow shoppers…
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Terra founder Do Kwon and Terraform Labs’ chief financial officer Han Chang-joon are both accused of forgery by prosecutors in Montenegro.The two men are still in custody by Montenegro’s police after being arrested in the country in March, and prosecutors are now seeking to extend their detention.The news was first reported by Bloomberg on Thursday, citing an official at the prosecutor’s office in Montenegro’s capital of Podgorica.The forgery accusations are reportedly related to the use of forged travel documents by Do Kwon and Han Chang-joon when they attempted to leave Montenegro in March.According to local officials, the two used false…
When you buy through our links, Insider may earn an affiliate commission. Learn more.When it comes to packing for your next adventure, you probably already have a list of tech gadgets on your list: a phone, maybe a laptop or tablet, and possibly a smart watch. Otherwise, you may be wondering what other gizmos are worth lugging around. As it turns out, there’s a lot to consider. Whether you’re on a long-haul flight, a never-ending road trip, or just jetting around your destination, there are plenty of travel-appropriate tech gadgets that can make your next trip a breeze. From gear to ensure…
A lack of rain in Spain has pushed prices for olive oil to record levels, with analysts warning that a particularly dry summer could lead to even lower crop yields later this year.Olive oil prices have surged almost 60 per cent since June to roughly €5.4 per kilogramme, on the back of a severe drought in Europe that last year ruined olive crops across the continent. Spain, the largest olive oil producer, was hit particularly hard. The country’s farmers typically produce half of the world’s olive oil, though annual supplies have roughly halved to about 780,000 tonnes in the past…
The Republican chairs of the House Judiciary and Intelligence committees sent a letter to Secretary of State Antony Blinken on Thursday asking for information related to the crafting of a public letter signed weeks before the 2020 presidential election by dozens of former intelligence officials, who said they saw signs the Hunter Biden laptop story could be Russian disinformation. In October 2020, 51 former intelligence officials signed on to a public letter that stated that the appearance of the Hunter Biden laptop story on the political scene had “all the classic earmarks of a Russian information operation.” Though the former…
Starbucks new NFTs have seen trading volume of $166,000 after the first day of launch, and the current floor price is $146.97, representing 48% appreciation from the initial sale price, according to DappRadar. On Wednesday, Starbucks SBUX released 5,000 nonfungible tokens, priced at $99 apiece. The sale was restricted to one per customer, down from two per customer in the sale of NFTs that was launched in March. Wednesday’s… Read the full article here
