Bed Bath & Beyond’s CFO falls to his death in NYC

Published

2 years ago

September 7, 2022

Bed Bath & Beyond’s chief financial officer dead after fall from New York’s Tribeca skyscraper

Gustavo Arnal jumped off the ‘jenga’ tower just days after the struggling retailer announced it was closing stores and laying off workers.

Police responded to a 911 call and found the 52-year-old man dead near the building on Friday afternoon.

Bed Bath & Beyond confirmed his death in a statement on Sunday and named accounting head as interim chief financial officer.

The big-box chain has seen its fortunes fall after an attempt to sell more of its own brand.

Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its strategy to help turn around its money-losing business.

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U.S. Federal Reserve announce rate cut, show great confidence in economy

Published

2 hours ago

September 19, 2024

ticker NEWS

The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

Money

Markets brace for potential 50-point fed rate cut

Published

2 days ago

September 17, 2024

ticker NEWS

Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

Money

Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

3 days ago

September 16, 2024

ticker NEWS

Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner