BBBY: Bed Bath & Beyond Sees Ryan Cohen File For Potential Stock Sale, Cramer Takes A Victory Lap
The drama continues for Bed Bath & Beyond (NASDAQ: BBBY) this evening as investors learn of a filing made by Ryan Cohen of RC Ventures LLC. The filing, a Form 144, was made public this afternoon and quickly caught the ire of Twitter and WallStreetBets users alike. The timing of the filing happened to coincide […]
Very Bankrupt, Much Wow: Three Arrows Capital Founders Bought A $50 Million Superyacht They Never Got To Sail
“It represents the beginning of a fascinating journey,” said the broker to announce the sale of the $50 million superyacht. It was the largest ever to be sold in Asia by Sanlorenzo, the renowned Italian boat builder. The beautiful vessel was set to sail in July, and the buyers were Three Arrows Capital founders Su […]
London Metal Exchange Bans Russian Nickel
The London Metal Exchange on Tuesday suspended from its approved warehouses Russian nickel exports dated on or after July 20, a move that follows the earlier decision to ban other Russian metals including copper, lead, primary aluminum, and aluminum alloy from British warehouses. The decision also follows after the UK government imposed 35% additional duties […]
Kids These Days: Study Sees Tough Financial Luck, Lower Buying Power For Gen Z
No wonder kids are angry. Older generations are leaving them with an ailing planet and a difficult financial road ahead. A recent ConsumerAffairs study analyzing cost of living data from the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, the National Association of Realtors, and the Education Data Board, determined how prices have changed […]
Are We Now Having A Bed Bath & Beyond Short Squeeze?
Highly shorted stock meets high interest from retail investors: Bed Bath & Beyond Inc. (NASDAQ: BBBY) appears to be the next in line for the meme stock short squeeze. And it seems to be moving in that direction. The retailer’s socks rallied once again today–which seems to be a daily phenomenon just this past week. […]
Why The Inflation Reduction Act Is NOT Going To Work
Returning to the Dive today to sit down with SmallCapSteve is David Morgan from The Morgan Report. Today’s discussion focuses on the impact of the inflation reduction act, the inversion of the yield curve, and whether the US cares about its reserve currency status. Also discussed is central banks and whether they know what they’re […]
Trudeau and German Chancellor Olaf Scholz To Sign Agreement That Can Make Canada The “Green Energy Hub Of North America”
German Chancellor Olaf Scholz will be visiting Canada from August 21 to 23. On this visit, the German Chancellor and Prime Minister Justin Trudeau are set to sign a pivotal green energy deal in Newfoundland. According to a statement released on Monday, the two leaders will head to Stephenville in western Newfoundland on August 23 […]
Zellers is Back! Hudson’s Bay is Bringing Back Once-Popular Discount Retailer to a Location Near You!
In today’s dose of millennial nostalgia, once-popular Canadian retail chain Zellers is making a comeback to locations across Canada, after parent company Hudson’s Bay Co. decided to resurrect the brand amid surging inflation and increased demand for discount goods. After shutting down nearly all locations a decade ago, HBC announced Zellers will be coming back […]
As Canada Runs Short Of Kids’ Fever Meds, Kyle Bass Warns China May Be Withholding Supplies
Some pharmacies are running out of fever and pain medication for young children. Toronto’s Hospital for Sick Children warns that some of these over-the-counter medications may now require a prescription. This concern was communicated in a letter sent to caregivers by the hospital. It said that pharmacies across Canada are facing supply shortages of liquid […]
Inside Joke Or Insider Trading? Unusually High Activity In Manchester United Shares Seen Prior To Elon Musk Buyout Joke Tweet
The tumultuous fallout of Tesla CEO Elon Musk’s proposed Twitter (NYSE: TWTR) takeover that led to a legal battle hasn’t yet settled but the litigious billionaire can’t seem to separate himself from controversies. Even if no one was asking, Musk tweeted on Tuesday that he plans to buy the British football team Manchester United (NYSE: […]