Bed Bath & Beyond's website relaunched Tuesday under its new name, Overstock.com.
Share:
More In Business
Qualcomm Reports Q1 Earnings Beat, Bouncing Back From Supply Issues
Qualcomm announced a beat on its Q1 earnings. The tech giant appeared to be bouncing back from chip shortages and supply chain issues.
Despite Black Participation in Stock Market Lagging, Investment Gap Might Improve
According to the Federal Reserve, the investment gap between Black and white Americans has remained substantial, with only 34 percent of Black households joining in on the historic rise in the markets. Stacey Tisdale, the first Black woman to have reported from the NYSE and the CEO and president of Mind Money Media Inc., said that the data might not be as disheartening as it seems. "I think that number is very deceiving. That Federal Reserve study is actually from 2019, and it's very important that we all look beneath that number and look beneath the surface because there is nothing short of an investing revolution going on in the Black community," Tisdale said.
Cheddar Afternoon Google News Briefings of February 3rd
Cheddar Afternoon Google News Briefings
Afternoon Alexa Flash Briefings of February 3rd
Alexa Flash Briefings
Cheddar Quick Hit GSTV of February 4th
Cheddar Quick Hit GSTV
Meta Stock Plummets as Facebook Loses Users for First Time; Zuckerberg Blames TikTok
Facebook parent Meta’s miss on Q4 earnings raised alarm bells amongst investors. The tech giant lost users for the first time as it invests a lot into the metaverse, its virtual realm, in the hopes that consumers will move their social media consumption there. The stock dropped around 25 percent on the report, and CEO Mark Zuckerberg chalked it up to people flocking toward apps like TikTok, even as his own platform attempts to make a big pivot to the metaverse future. "It's gonna take a long time to develop and it's gonna take a long time to bring to fruition," Rebecca Walser, president of Walser Wealth Management told Cheddar. "In the meantime, the world is moving on. We have a very short attention span, especially on social media, and we want the short little videos. And Tiktok has just taken off."
Interest Rates Remain Unchanged Though Hikes Loom
Wall Street saw another volatile day after the Federal Reserve left rates unchanged for now, with plans to raise rates in March at its next meeting in order to ease inflation. Fed Chair Jerome Powell said the Fed has not made decisions on the size of rate increases, adding that the Fed is not trying to get inflation below two-percent. Ken Johnson, CFA and Investment Strategy Analyst explains why Powell thinks that high inflation is a significant threat to the labor market.
Spotify's Weak Growth Forecast Worries Investors
Ed Butowsky, managing partner at Chapwood Investments, joined Wake Up With Cheddar to break down the disappointing takeaways from Spotify's Q4 earnings report, which sent the stock plunging.
Russian Invasion of Ukraine Would Have Wider Geopolitical Implications
Anu Gaggar, global investment strategist for Commonwealth Financial Network, joined Cheddar News to discuss how global supply chains could be disrupted even further by an armed conflict in Ukraine.
