While the S&P 500 and Dow Jones Industrial Average have continued to power to new highs seemingly everyday this summer, the small-cap Russell 2000 Index has been OK with sitting the dance out completely. After peaking in March, strategists at Renaissance Macro Research note the Russell 2000 Index is now at new year-to-date relative lows versus the S&P 500. Over the last six months, the Russell 2000 Index — which houses smaller U.S. focused companies — is up a mere 1.9%. The S&P 500 and… Source link
Read More »Bed Bath & Beyond says it’s dropping MyPillow because it’s ‘underperforming’ after CEO claims anti-Trump pressure
MyPillow CEO Mike Lindell told Yahoo Finance on Tuesday that several retailers, including Bed Bath & Beyond (BBBY), told him they were dropping his products because of his ties to President Donald Trump. But Bed Bath & Beyond says it has a non-political reason for ditching MyPillow products — they just aren’t selling enough. “As previously announced, we have been rationalizing our assortment to discontinue a number of underperforming items and brands. This includes the MyPillow product… Source link
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