Cohen Sells Stake in Bed Bath & Beyond, Pressuring Shares

Billionaire investor Ryan Cohen cashed out his entire position in Bed Bath & Beyond this week, roughly five months after taking a major stake in the company and advocating for changes. …read more

https://www.wsj.com/articles/ryan-cohen-s-rc-ventures-sells-entire-stake-in-bed-bath-beyond-11660855375?mod=pls_whats_news_us_business_f

Stockton credit union robbed of ‘undisclosed’ amount of cash

Cash was stolen in a robbery at Central State Credit Union in downtown Stockton Wednesday morning, according to Stockton police. https://finance.yahoo.com/news/stockton-credit-union-robbed-undisclosed-005044970.html

Existing home sales drop to two-year low, prices remain high

Home resales, which account for the bulk of US home sales, plunged 20.2% on a year-on-year basis. …read more

https://nypost.com/2022/08/18/existing-home-sales-drop-for-sixth-straight-month/

China’s GigaCloud Goes Public in U.S., Bucking Delisting Trend

The e-commerce company generates all of its revenue outside of China and says it is prepared to switch auditors if needed to satisfy U.S. regulatory requirements. …read more

https://www.wsj.com/articles/chinas-gigacloud-goes-public-in-u-s-bucking-delisting-trend-11660841284?mod=rss_markets_main

This fan says the Seahawks need Jimmy Garoppolo ‘freaky fast’

One Seahawks fan brought a sign to tonight’s game suggesting they need 49ers QB Jimmy Garoppolo. This really is the worst timeline. Seahawks Highlights: Charles Cross shuts down Robert Quinn on third … https://finance.yahoo.com/news/fan-says-seahawks-jimmy-garoppolo-005027350.html

Snap Scraps Development on Flying Selfie Pixy Drone

The move comes after the company reported disappointing quarterly results and less than four months after the flying camera was launched. …read more

https://www.wsj.com/articles/snap-scraps-development-on-flying-selfie-pixy-drone-11660836217?mod=pls_whats_news_us_business_f

Daily News union rips owner over work conditions, staff ‘quitting in droves’

Alden Capital, the hedge fund that owns the Daily News, has enacted buyouts, cuts and outsourced its printing plant, since taking over last year. …read more

https://nypost.com/2022/08/18/daily-news-union-rips-owner-alden-over-poor-work-conditions/

I’m Up For A Promotion, But I Think My Company’s Lowballing My Salary — What Should I Do?

“I applied for an internal role at work that is two levels higher than my current position, and I’m pretty certain I’ll get it. However, I have reason to believe that they may lowball the salary or … https://finance.yahoo.com/news/im-promotion-think-companys-lowballing-004602854.html

Applied Materials Gives Bullish Forecast in Face of ‘Headwinds’

Large Applied Materials customers such as Intel Corp. and Micron Technology Inc. have already cut their budgets for new plants and equipment following weak earnings reports. The stock gained more than … https://www.bloomberg.com/news/articles/2022-08-18/applied-materials-gives-bullish-forecast-in-face-of-headwinds

Falling US home prices ‘still nowhere near the bottom:’ economist

Existing home sales dropped 5.9% to a seasonally adjusted annual rate of 4.81 million units in July. …read more

https://nypost.com/2022/08/18/falling-us-home-prices-still-nowhere-near-the-bottom-economist/