Signage is seen by an overturned shopping cart outside a Bed Bath & Beyond Inc. store in Greendale, Wisconsin. Daniel Akker | Bloomberg | Getty Images Bed bath & beyond said Thursday it doesn’t have enough money to pay off its debts and has defaulted on its line of credit with JP Morgan, again warning … Read more
CNN — Three people received medical treatment while filming for a real-life “Squid Game” show, Netflix has confirmed, but the streaming giant denied anyone was “seriously injured.” Netflix announced last year that it was launching “Squid Game: The Challenge” as a reality competition series based on the hit drama — a fictional South Korean series … Read more
Check out the companies making headlines during midday trading. Seagate technology — Shares of the data storage company rose more than 10% in a day after Seagate posted top and bottom line beats for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenues of $1.89 billion. Analysts were expecting earnings … Read more
Human error is the cause of the glitch that caused massive swings in stock prices at the start of trading on Tuesday on the New York Stock Exchange. An NYSE employee stationed from the stock exchange’s backup data center in Chicago failed to shut down the disaster recovery system that is tested each day after … Read more
CNN — The FBI has seized a website that a notorious ransomware gang, which has extorted more than $100 million from victim organizations, used to disgrace its victims, according to a post on the website. The dark web website of the so-called Hive ransomware group carried a message on Thursday that it had been taken … Read more
Shoppers stock up on merchandise at a Sam’s Club store in Streamwood, Illinois. Scott Olson | Getty Images walmartSam’s Club-owned company said Thursday it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. Sam’s … Read more
Photo: Maya Hit (Getty Images) Twitter CEO Elon Musk is reportedly exploring $3 billion to offset the recent debt the company has accumulated since taking over in October. The company is currently $13 billion in debt, according to people familiar with the case, and Musk said in December he planned to sell $3 billion of … Read more
American Airlines employees assist with passenger check-in at Ronald Reagan Washington National Airport on January 11, 2023 in Arlington, Virginia. Alex Wong | Getty Images US airlinesFourth-quarter earnings beat analysts’ expectations as strong travel demand and high fares supported results during a turbulent holiday season. Shares of American rose about 2% in premarket trading Thursday. … Read more
Hong-Kong CNN — Akio Toyoda, the longtime president and CEO of Toyota, steps down and hands over the reins to Toyota largest automaker in the world to Lexus chief Koji Sato. The Japanese company announced the shakeup Thursday, saying Toyoda would be named chairman of the board if Sato takes over day-to-day management. Takeshi Uchiyamada, … Read more
Travelers check in at a Southwest Airlines ticket counter during the busy Christmas holiday season at Orlando International Airport on December 28, 2022 in Orlando, Florida. Paul Hennessey | Anadolu Agency | Getty Images Southwest airlines lost $220 million in the fourth quarter, as the carrier’s vacation collapse drove up costs and cost millions in … Read more
