We all know that the Bed Bath & Beyond (BBBY) retail chain is in such big trouble that it’s likely to file for bankruptcy. But what most people don’t know is this: A major reason the company is so messed up is that when it comes to its own stock, the company violated a key rule of retailing — buy cheap. Would you believe that Bed and Bath has spent more than $11.7 billion to buy back almost three quarters of its own stock? At an average cost about 15 times the stock’s current price?… Source link
Read More »Monthly Archives: January 2023
Bed Bath & Beyond: The stock-buyback debacle
We all know that the Bed Bath & Beyond (BBBY) retail chain is in such big trouble that it’s likely to file for bankruptcy. But what most people don’t know is this: A major reason the company is so messed up is that when it comes to its own stock, the company violated a key rule of retailing — buy cheap. Would you believe that Bed and Bath has spent more than $11.7 billion to buy back almost three quarters of its own stock? At an average cost about 15 times the stock’s current price?… Source link
Read More »Here’s Google Stadia’s Exact Date And Time Of Death
A Google Stadia video game controller with a Night Blue finish alongside a gaming monitor, taken on … [+] November 27, 2019. (Photo by Olly Curtis/Future Publishing via Getty Images) Future Publishing via Getty Images We are witnessing what I would argue is probably one of the biggest failures in gaming industry history, the shutdown of Google Stadia, which is coming just a week from now. Google Stadia will shut down in full on January 18 at 11:59 PM PT (via The Verge) and if you haven’t… Source link
Read More »Stocks rise with focus on CPI later this week
U.S. stocks ascended at Wednesday’s open as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.5%, while the Dow Jones Industrial Average (^DJI) added 130 points, or 0.4%. The technology-heavy Nasdaq Composite (^IXIC) also advanced by roughly 0.4%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC)… Source link
Read More »Microsoft Takes on Google with Unique Tool
Microsoft thinks it finally has a weapon to challenge Alphabet’s leadership in internet search. The software giant, like other tech groups, has tried unsuccessfully to compete with the Google search engine. The latter has even become more important again, relegating its so-called rivals to stooges. The dominance of the Mountain View, Calif.-based group eventually sickened to the point where some rivals simply gave up. Bing, Microsoft’s search engine, was the world’s second most popular in… Source link
Read More »Sony Open in Hawaii Picks and Strategy
Sony Open in Hawaii Honolulu, HawaiiWaialae Country Club – Par 70 – 7,044 yardsField – 144 entrantsPurse – $7.9M The Preview The Hawaiian Swing’s alluring backdrop transitions from Maui to the shores of O’ahu as Honolulu’s Waialae Country Club has remained the host of the Sony Open since its inception in 1965. The first noticeable contrast from last week’s Sentry Tournament of Champions to this week’s event lies in the field size and strength. There’s less firepower in attendance at Waialae,… Source link
Read More »Google Kickstarts 2023 With 17 Chrome Security Vulnerability Updates
I was pleased to get through the end of the 2022 seasonal holidays without a zero-day exploit landing for Google Chrome if I’m being honest. Attackers do like to strike when security teams and consumers alike are kicking back, after all. In fact, the last security update for users of the Google Chrome desktop browser, Windows, Mac, and Linux versions, was back on December 13, 2022. That is the same day that Microsoft, Adobe, and others release their scheduled monthly security updates: Patch… Source link
Read More »Bed Bath & Beyond is closing at least 34 more stores in 4 key states
On the brink of financial ruin and in need of massive additional cost cuts, execs at Bed Bath & Beyond appear to be OK with ceding even more market share to rivals such as Target and Walmart. Bed Bath & Beyond said this week that it’s on track to close 150 stores as part of an effort to corral costs and save cash, updating a list of locations that now totals 122 stores. That list shows Bed Bath & Beyond will shutter at least 18 stores in the key Tri-State area of New York (8), the company’s… Source link
Read More »I Think My Face Was Deepfaked Into a Chinese Camping Stove Ad
Lynn, who remains active on social media, thinks lack of education is a big issue. “Some people don’t even know that it’s not legal to use other people’s photos,” she said. “Most people say, ‘OK, I’m just gonna use this photo—it’s not a big deal.’ And if every case were taken seriously, it would take a lot of time.” A Legal Affair Often, when people think of deepfakes and synthetic media, they immediately jump to the adult film industry or politics, but these synthesizations… Source link
Read More »Product Reviews Linking To Multiple Sellers May Get Boost
Google Developer Advocate Alan Kent says product reviews linking to multiple sellers may get a ranking boost over reviews linking to one. Kent confirmed this on Twitter in response to a question about Google’s documentation on how to write high-quality product reviews. There’s a line in the document that reads: “Consider including links to multiple sellers to give the reader the option to purchase from their merchant of choice.” Does that mean a website is disadvantaged if it only… Source link
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