Liquidation sales are underway at the first wave of 150 closing Bed Bath & Beyond stores — but don't expect to use the retailer's popular coupons during your final shopping trips.
Why it matters: The struggling New Jersey-based home goods chain confirmed the list of the first 56 stores holding going-out-of-business sales and told Axios that whether a closing store will accept coupons varies by location.
Remote work has led to a huge gap in perception when it comes to worker productivity, according to a new Microsoft Work Trend report out today.
What they found: The vast majority of employees (87%) say they are productive at work. Yet nearly as many leaders (85% of those surveyed) say they’ve found it challenging to have confidence that workers are, indeed being productive.
Here's an evergreen tweet: BlackRock is being attacked by politicians for its ESG stance.
Why it matters: Politicians, by their nature, are good at making noise. (To be fair, BlackRock founder and CEO Larry Fink is no slouch on that front, either.) But when it comes to investment supertankers like BlackRock, noise is mostly just noise.
Roughly 13 million people watched last week's Thursday Night Football game between the Kansas City Chiefs and the Los Angeles Chargers, an impressive figure considering it was the first game ever streamed exclusively on Amazon.
Why it matters: The numbers prove that audiences will continue to watch football, even if it's not aired on traditional television.
Only about 25% of Latinos say they feel fully included at their workplaces, according to a new report from Bain & Company, a management consulting firm.
The overriding message out of the Federal Reserve's communications on Wednesday was a simple one: Its leaders believe that some meaningful economic pain is necessary to bring inflation down, and they are willing to impose it.
Why it matters: The Fed is now forecasting a meaningful rise in unemployment over the next year as it pushes interest rates to their highest levels since 2007 — which implies that it will not only tolerate a recession or near-recession, but see it as evidence of success.
Bitcoin changed Udi Wertheimer's life, and then mocking its copycats turned him into a micro-celebrity. He had every reason to double down on that approach, but the latest crypto boom changed him — now his favorite folks to mock are all the people copying his old playbook.
Why it matters: In an era when it seems like every tribe that could behave tribally is doing so and nothing creates online celebrity faster than attacking tribal heretics, Wertheimer is one of a select group of bitcoin diehards who has done something very surprising: he's changed.
Speechwriting is a niche but impactful profession. Those with the pen are essential to recording history, and their words offer a snapshot in time.
Why it matters: The most pressing issues of the day — economics, climate change, education and social justice — disproportionately affect communities of color, yet those crafting the message rarely come from these communities.
The total economic output of U.S. Latinos reached $2.8 trillion in 2020, surpassing the GDPs of the U.K. and India, according to a report released Thursday.
Tesla is recalling more than 1 million cars in the U.S. over a faulty window automatic reversal system that may not properly detect obstruction.
Driving the news: "If a window is closing and detects an obstruction, the condition may increase the risk of a pinching injury to the occupant," according to recall documents released Thursday.
Ancora Holdings is calling on the board of department store Kohl's to remove both its chair and CEO and replace them with executives with turnaround experience, the activist investor said Thursday.
Why it matters: Third time's a charm? Ancora was part of a group of activists that successfully pushed for a shakeup of Kohl's board last year.
Driving the news: Numbers published yesterday by the National Association of Realtors showed existing home sales (as opposed to new construction) slipping to an annualized rate of 4.8 million last month.
Infrastructure startup Skip, built to enable companies built in blockchain ecosystems to bid to move their transactions up in validators' queues, has raised $6.5 million from brand name crypto VCs.
Why it matters: Miner extractable value (MEV) arose as a theme in 2021. It was discovered as a way for traders to take advantage of blockchain transparency and steal others' savvy trades. Since then, it's developed into, at least in part, a way to improve the user experience of some aspects of using cryptocurrencies.
The worst year for stocks since 2008 could still get uglier, as the Fed's effort to pull potentially trillions of dollars out of financial markets hits full steam.
Driving the news: The Fed opened up the second front in its war against inflation in recent months, moving to shrink its stockpile of nearly $9 trillion worth of U.S. government bonds — a process known as quantitative tightening.
See how the line in the chart ticks down a little smidge on the right? That's a clue that after more than a year of massive increases, rent growth in the U.S. is moderating.
Why it matters: Housing costs, including skyrocketing rent prices, are a major driver of inflation.
Why it matters: Retailers are preparing for an unprecedented holiday shopping season with inflation driving many consumers to start buying gifts earlier than in past years.
Not only has TikTok become the preferred search engine of young people, it has also become the main place kids go to discover the toys they want (and beg their parents for).
Why it matters: The places where "hot" toys catch on guide the whole advertising industry — and this season's hot holiday toys are heavily tied to apps, video games, and social media influencers.
Walmart is extending its holiday return window more than ever before and will soon accept unwanted items curbside and at doorsteps ahead of the busy shopping season.
Hyundai and Kia vehicles from model years 2015 through 2019 are nearly twice as likely to be stolen as other vehicles from the same period, according to a new report.
Driving the news: The Insurance Institute for Highway Safety, which tracks theft claims, said Thursday that the problem stems from the fact that many of the Hyundai and Kia vehicles "lack electronic immobilizers that prevent thieves from simply breaking in and bypassing the ignition."
The president of the Inter-American Development Bank, Mauricio Claver-Carone, allegedly threatened to "burn" or "bring" the bank down over an investigation into a rumored affair he had with a female staffer, according to an outside report.
Why it matters: In response to the confidential report from the law firm Davis Polk, which was commissioned by the bank, there is growing momentum among the bank’s shareholders to oust Claver-Carone, according to a person familiar with the matter.
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