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Monthly Archives: September 2022

Bed Bath & Beyond closing 150 stores. Map of ones on the list so far

Bed Bath & Beyond has announced dozens of the roughly 150 stores it plans to close. The struggling home goods retailer released its plans last month to close the “lower producing” locations, representing about 20% of its namesake stores. related investing news 3 takeaways from Wednesday’s meeting: Stay diversified, watch …

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Disney CEO Bob Chapek wants to own all of Hulu, says chances of early deal are slim

Disney Chief Executive Officer Bob Chapek said he’d love to own Comcast’s 33% stake in Hulu “tomorrow” but acknowledged the chances of an early deal are “less and less” as 2024 approaches. “I would like nothing more than to come up with that solution for an early agreement,” Chapek said …

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CFPB crackdown on buy now, pay later is ‘good news’

The party may be over for “buy now, pay later.” The Consumer Financial Protection Bureau said Thursday that these installment payments come with “several areas of risk of consumer harm,” including data harvesting, debt accumulation and “loan stacking” — or juggling multiple payment plans at once. At the same time, …

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Disney CEO Bob Chapek says ESPN will never take bets

Disney Chief Executive Bob Chapek said Thursday that the company’s sports network ESPN is looking for a partner to help it step into sports gambling. “We at ESPN have the ability to do that. Now we’re going to need a partner to do that, because we’re never going to be …

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‘The economy is braking hard,’ says billionaire Barry Sternlicht

The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 …

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Buy now pay later stocks slump as consumer watchdog seeks oversight

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey. Gabby Jones | Bloomberg | Getty Images Buy now pay later stocks slipped on Thursday after a report released by the Consumer Financial Protection Bureau indicated that it’s seeking more …

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Roger Federer, Swiss tennis great, announces he’s leaving the sport

Roger Federer of Switzerland waves to the crowd after victory in his Gentlemen’s Singles Fourth Round match against Roberto Bautista Agut of Spain during day seven of the Wimbledon Lawn Tennis Championships at the All England Lawn Tennis and Croquet Club on July 6, 2015 in London, England. Julian Finney …

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‘The economy is breaking hard,’ says billionaire Barry Sternlicht

The U.S. economy is teetering on the brink of serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has already raised interest rates four times this year and is widely expected to hike them by 75 basis …

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Apple Card’s head of credit leaves for credit card startup X1

Apple’s head of credit for the Apple Card, Abhi Pabba, has left the company. Pabba, who worked out of the Apple’s Austin, Texas, office, will join the California-based credit card company X1 beginning next week as chief risk officer, according to X1 CEO Deepak Rao. related investing news We see …

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ZwitterCo helps farms and factories recycle wastewater

The water in the jar on the left is wasterwater before being put through ZwitterCo’s filtration membrane. The jar on the right is water cleaned and ready for reuse. The jar in the middle is the concentrate of waste that has been pulled out of the water with the filtration …

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