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Bed Bath and Beyond to close 150 stores

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U.S. chain, Bed Bath and Beyond is closing 150 stores amid new financing deals worth more than 500 million dollars

The company is looking to cut jobs and overhaul its entire merchandising function because of the tough economic conditions.

Investors are voicing their concerns over the plan, with shares plummeting nearly 27 per cent at the news.

It follows the worst of the pandemic, supply chain crunch and consumers holding their money as inflation soars right around the world.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Who killed the crypto boom?

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It has been a shocking year for crypto investors, the year that crypto came crashing down to earth.

What began as a trickle became a turning point for crypto, losing their luster and exposed as a fringe product that most sensitive, experienced investors approached with skepticism.

So how did crypto climb so high under the cover of the pandemic?

By 2022, the ads were everywhere. Crypto was taking over the superbowl, and global sport.

Hollywood’s biggest names were jumping on board, and suddenly the big banking firms were taking notice.

The tokens might have been virtual, but crypto was become a real threat, and of real interest to next gen investors. #crypto #ftx #bitcoin

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U.S. Judge dismisses Dfinity-Meta trademark case

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Meta has resolved a trademark lawsuit with Dfinity Foundation

 
Dfinity sued Meta over the infinity symbol logo that Meta adopted after changing its name from Facebook.

Dfinity alleged that the logo would cause confusion with Dfinity’s infinity-symbol trademarks.

The two parties have asked the San Francisco federal court to dismiss the case with prejudice.

Meta is still facing trademark lawsuits from Meta X and Metacapital over its name change. #Dfinity #Meta

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Elon Musk’s Tesla was blasted into space five years ago

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Musk’s Tesla is currently floating through the galaxy

Exactly five years ago,Elon Musk’s Tesla roadster was launched into space to travel on an endless joy ride through the cosmic wilderness.

And how’s this for a journey.

On its anniversary, estimates suggest the vehicle has completed three and one quarter loops around the sun and is sitting 326 kilometres from Earth.

It’s also logged up more than 4 billion kilometres, mostly travelling through a barren vacuum.

In space terms, it did get close to Mars at one point – passing within 8 million ks of the planet – or about 20 times the distance between the Earth and the moon.

Although, it’s difficult to say where the vehicle is exactly with or whether it’s still even in one piece.

It is possible the roadster may have been hit by a meteoroid or eroded by radiation. #trending #fetured

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