Here is a rundown of Cheddar News' top market stories of the day.
BED BATH & BEYOND SEEKS BUYER
Bed Bath & Beyond is reportedly in talks with a number of potential buyers and lenders to help pull the retailer back from the brink of bankruptcy. The goal is to find a buyer that will keep the Bed Bath & Beyond name, as well as its buybuy Baby chain. Funding-wise, the company is seeking $100 million to stave off bankruptcy, which could still occur in the coming weeks.
APPLE INTRODUCES NEW HOMEPOD
Apple has announced the second generation of the HomePod. The original was discontinued almost two years ago, and Apple is touting a number of improvements in the new version, from sound quality to the ability to send notifications when a smoke or carbon monoxide alarm goes off. The company is calling the product "groundbreaking," but one critic from The Verge noted that the new model was strikingly similar to the last one.
AMAZON FINED FOR WORKER VIOLATIONS
U.S. regulators have fined Amazon more $60,000 for violations of workplace safety law. The Occupational Safety and Health Administration charged the company with overworking its employees at warehouses in Deltona, Florida, Waukegan, Illinois, and New Windsor, New York. "Each of these inspections found work processes that were designed for speed but not safety, and they resulted in serious worker injuries," said Assistant Secretary for Occupational Safety and Health Doug Parker in a news release.
NEW TWITTER PLAN
Twitter Inc has announced a new $11 price for a Twitter Blue subscription per month and a cheaper annual plan as well. The price is the same for Android and iOS subscribers, despite the latter coming with higher app fees.
Jason Moser, analyst and adviser at the Motley Fool, shares thoughts on recent tech earnings, including what’s behind Google’s share price drop and why A.I. could be Microsoft’s ‘iPhone moment.’
CEOs of social media platforms like Facebook, TikTok, and more meet with lawmakers Wednesday about how they are protecting children from sexual exploitation.
San Francisco 49ers president Al Guido discusses what goes into preparing for Super Bowl LVIII, building a championship-ready team, and how Taylor Swift and streaming are both bringing new fans to the NFL.
A $1 billion loss from a six-week strike did not crash GM's net income last year, which instead rose 12% — and the automaker expects improvement in 2024, too.
Accrue CEO and founder Michael Hershfield explains why Americans' credit card delinquencies are on the rise, advice on what can help, and the key difference between Boomers and Gen Z when it comes to money.
Senior Economist at Morning Consult Kayla Bruun shares thoughts on what to expect from the Fed's January meeting and where monetary policy is headed, as well as how consumers are faring.
Former Medtronic CEO and author of 'True North' Bill George explains the steps Boeing leadership must take to regain client and consumer trust after 737 Max 9 production was stopped.
Amazon blamed "regulatory hurdles" for calling off its proposed acquisition of robot vacuum maker iRobot. Not even a Roomba could clean up the deal's antitrust scrutiny.
To celebrate Flutter Entertainment's debut on the NYSE, FanDuel CEO Amy Howe shares her thoughts on the company's plans for growth, the future of online sportsbetting, and Super Bowl Sunday.
