Yahoo News

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

We have a solid eight-game ledger on tap Wednesday night, one that features some higher-end players at guard and forward in particularly appealing matchups and a pair of mid-salary centers that could well overdeliver in terms of return on investment. As customary, we’ll highlight multiple advantageous positional matchups to exploit at each position for your Yahoo Fantasy lineups, as well as a good trio of candidates that may be best to steer clear of due to a combination of… Source link

A version of this article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, January 11, 2023 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Coinbase (COIN) announced Tuesday it would be laying off 950 staff members, or around another 20% of its team. As… Source link

Host Jerrod Carmichael speaks onstage at the 80th Golden Globe Awards held at the Beverly Hilton Hotel on Jan. 10, 2023 in Beverly Hills, Calif. (Photo: Rich Polk/NBC via Getty Images) After a tumultuous hiatus, the Hollywood Foreign Press Association hoped to restart Hollywood’s biggest party with the 80th Golden Globes. But the show’s host, Jerrod Carmichael, had some honest words to share before the festivities started. Rather than talk around the reasons for the ceremony’s absence from… Source link

It appears fans did not feel like watching most of Monday’s College Football Playoff title game between Georgia and TCU, and it’s difficult to blame them. The 65-7 show of force from Georgia on its way to a second consecutive national championship drew only 17.223 million viewers for ESPN’s family of channels, according to Austin Karp of Sports Business Journal. That number reportedly makes the Bulldogs’ win the least-watched college football title game since the beginning of the BCS in… Source link

Wells Fargo (WFC) Wells Fargo announced it will create a more focused home lending business. The bank’s move comes amid with a stagnant housing market. Mortgage rates above 6.5% have put a damper on lending for property purchases and refinance agreements. Home mortgages is an industry in which Wells Fargo has been a dominant player. “Mortgage is an important relationship product, and our goal is to continue to be the primary mortgage lender to Wells Fargo bank customers as well as minority… Source link

JPMorgan (JPM) Chief Executive Jamie Dimon minces no words when it comes to his views on cryptocurrencies. The Wall Street boss, who in September famously called the digital tokens “decentralized Ponzi schemes” at a regulatory hearing, again reiterated his criticism of crypto assets during an interview with Fox Business Network. “I called it a decentralized Ponzi scheme because people were just hyping it – hyping it, and hyping it – and they’ll write tons of books on this, the… Source link

BLACKPINK playing Coachella dance tent in 2019. (Photo: Timothy Norris/Getty Images for Coachella) The lineup for this year’s Coachella Valley Music and Arts Festival — North America’s largest music fest, with 125,000 attendees per day — has finally been announced. And it’s a historic bill, the most diverse to date: For the first time since the festival launched in 1999, a Latin music artist and a K-pop act will be headlining. Those headliners, Puerto Rican trap/reggaeton superstar… Source link

The green transition could spur huge economic gains as the world looks to curb climate change, a new report finds. A study from Oxford Economics and Arup estimated that green industries could add $10.3 trillion to the world’s economy — or 5.2% of global GDP — by 2050 under a net-zero scenario. The report made the case that governments and businesses, under increasing pressure from costly climate-related weather events, may begin to see a rapid transition away from fossil fuels as a net… Source link

Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the streaming giant. “In just the last quarter, the FX landscape has changed dramatically with the [U.S. dollar] performance having a stark reversal in the last three months,” Goldman Sachs analyst Eric Sheridan wrote in a new note to clients. Sheridan notes the dollar index is down about 7% since… Source link