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Bed Bath & Beyond’s Stock Offering Is Backed by Hudson Bay Capital

Hudson Bay Capital has essentially agreed to make sure the troubled retailer will sell roughly $1 billion in shares as it tries to avoid bankruptcy.  » mehr lesen

Microsoft Launches New Bing Likely Powered by OpenAI’s GPT-4 A.I

Amid the tech industry’s worst slump in decades, industry leaders are predicting an era built on new chatbots and other types of artificial intelligence.  » mehr lesen

Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants

The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”  » mehr lesen

BP, in a Reversal, Says It Will Produce More Oil and Gas

The company said global concerns about energy security had prompted the change, as it reported record profits for 2022.  » mehr lesen

Ex-Coinbase Employee Pleads Guilty to Insider Trading

The case was part of a crackdown on an old-school financial crime in the crypto world.  » mehr lesen

How Much to See a Movie at AMC? It Will Soon Depend Where You Sit.

By the end of 2023, the movie theater chain will offer tickets at three different price tiers, with middle seats costing the most. You’ll pay less if you like the front row....

Few Americans Understand Online Privacy and Tracking, Report Says

Many consumers want control over their personal details. But few understand how online tracking works, says a new report from the University of Pennsylvania.  » mehr lesen

For More Certainty in Your Retirement Portfolio, Consider Annuities

Higher interest rates made annuities more attractive in 2022. Better quality products are increasingly available, but consumers still need to read the fine print.  » mehr lesen

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