Ryan Cohen, a billionaire investor, announced on Sunday that he now owns roughly 10 per cent of Bed Bath & Beyond and wants the housewares store to explore strategic options, including a full sale. Cohen, who co-founded online pet supplies store Chewy and is chairman of the board of gaming retailer GameStop Corp, blasted Bed…
Twitter Inc said in a blog post on Thursday that it is extending its crowdsourced fact-checking initiative by making observations on potentially false tweets available to more individuals on Twitter. Last year, the social networking site started the Birdwatch project as an innovative experiment in which users were invited to detect deceptive tweets and submit…
Citigroup’s activities in Ukraine are uncertain for the time being, and the company is apprehensive about a cyber assault by Russia, according to Chief Executive Jane Fraser in an interview with CNBC. According to Fraser, the bank has assisted some of its 200 employees in Ukraine in leaving the country following Russia’s incursion. Those who…
On Thursday, Kroger Co raised its yearly same-store sales and profit forecasts, citing strong demand for its pick-up and delivery services as well as continued home-cooking trends as reasons. In premarket trade, shares of the Ohio-based supermarket climbed almost 6% after the company’s quarterly earnings above expectations. Despite the reopening of restaurants and bars, Americans…
The United States based electric car startup Rivian Automotive Inc announced that it had raised the selling pricing of its vehicles by around 20 per cent owing to inflationary pressures and higher component costs, angering some consumers. Rivian’s “negative gross margin will be staggering” and it is “near impossible” for other companies to make affordable…
Japan’s Toyota Motor Corp said that it will cease Japan plant operations, resulting in a loss of around 13,000 vehicles of output, after a supplier of plastic parts and electrical components was targeted by a suspected cyber assault. There was no early word on who was behind the suspected attack or the purpose. The bombing came…
Germany will follow through on plans to develop two LNG terminals and increase natural gas reserves to reduce its reliance on Russian gas following Russia’s invasion of Ukraine, according to Chancellor Olaf Scholz. “We will do more to ensure secure energy supply for our country,” he told lawmakers in a special Bundestag session called to…
The Russian government has imposed restrictions on the use of twitter in some parts of the country, the micro-blogging company has confirmed. “We’re aware that Twitter is being restricted for some people in Russia and are working to keep our services safe and accessible”, the company said in a statement. Following a spat over “censorship,”…
According to cryptocurrency specialists, anonymous Bitcoin donations have raised at least $13.7 million for the Ukrainian war effort. According to Elliptic, a blockchain research firm, the Ukrainian government, NGOs, and volunteer organisations raised the funds by posting their Bitcoin wallet addresses on the internet. So far, over 4,000 gifts have been made, with one anonymous…
Further penalties on Russia have been imposed by the European Union, the United States, and other Western partners for its occupation of Ukraine, including the exclusion of a number of Russian banks from the SWIFT interbank payments system. SWIFT is the primary international payments network in the world. Here’s additional information on what it does…
