Bed Bath & Beyond soars 20% on report activists launching fight to throw out entire board

Bed Bath & Beyond soars 20% on report activists launching fight to throw out entire board

Bed Bath & Beyond rocketed about 20 percent higher Tuesday morning following a report that three different activists are trying to replace its entire 12-person board. The sharp move higher comes after the Wall Street Journal reported that Legion Partners Asset Management, Macellum Advisors and Ancora Advisors will try to leverage their collective 5 percent stake to prepare to launch a proxy fight at the big-box retailer. The stock was poised for its best day…

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Despite earnings slowdown and recession fears, US stocks are still seen as best bet on the globe

Despite earnings slowdown and recession fears, US stocks are still seen as best bet on the globe

Things might look a little gloomy in the world’s biggest economy, with slowing earnings growth and a recession fears in the bond market, but stocks are still holding up just fine. That’s probably because the rest of the world is doing much worse than America. With the unresolved trade dispute hurting China, which is already growing at its slowest pace since 1990, Brexit risk continually weighing on Europe and the U.K., and with new signs…

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Wall Street calls Apple event a dud: ‘Expect the focus to return to the slowing iPhone business’

Wall Street calls Apple event a dud: ‘Expect the focus to return to the slowing iPhone business’

Apple unveiled several new services at a press event on Monday and analysts were left with more questions than answers. The new services announced include Apple News+, Apple Card, Apple Arcade, and Apple TV Channels. “Apple’s services reveal was materially different than we had anticipated,” said Goldman Sachs analyst Rod Hall. “With small calculated impacts from these, ‘other services’, we expect the focus to return to the slowing iPhone business post this event,” Hall said….

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Facebook removes accounts from Russia, Iran for ‘coordinated inauthentic behavior’

Facebook removes accounts from Russia, Iran for ‘coordinated inauthentic behavior’

Facebook Inc said on Tuesday it has removed more accounts from Iran, Russia, Macedonia and Kosovo, citing what it described as “coordinated inauthentic behavior.” A total of 2,632 pages, groups, and accounts were removed from Facebook and Instagram for operations linked to the above mentioned countries, the social media platform said. 513 of those accounts were tied to Iran, while 1,907 were linked to Russia, Facebook said. The accounts tied to Russia were largely removed…

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Town halls across Germany evacuated after bomb threats

Town halls across Germany evacuated after bomb threats

Town halls in several German cities were evacuated on Tuesday after threats, in some cases bomb threats, were received by email overnight, a number of police forces said. “A threat against the city of Augsburg has been received, the town hall has been cleared, we are investigating,” tweeted police in the southern city of Augsburg. Speaking to NBC News, a police spokesman in Augsburg said the email is “analogue to those received” in other cities,…

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Pentagon chief says $1 billion of funding shifted to border wall

Pentagon chief says $1 billion of funding shifted to border wall

The U.S. Department of Defense shifted $1 billion to plan and build a 57-mile section of “pedestrian fencing”, roads and lighting along the border between the United States and Mexico, the Pentagon chief said on Monday. Last week, the Pentagon gave Congress a list that included $12.8 billion of construction projects for which it said funds could be redirected for construction along the U.S.-Mexico border. U.S. President Donald Trump declared a national emergency last month…

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Plenty of ‘opportunities’ for investors in robotics, Credit Suisse portfolio manager says

Plenty of ‘opportunities’ for investors in robotics, Credit Suisse portfolio manager says

The barriers to entry in the robotics industry are coming down, opening up many untapped investment opportunities in that space, according to Credit Suisse. It’s easier for companies to build robotic automation systems today than it was before, making those products cheaper and smarter, Angus Muirhead, senior portfolio manager for robotics at the Swiss multinational investment bank, said on Tuesday. “We see a lot of greenfield opportunities for robotics,” he told CNBC’s Nancy Hungerford and…

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Dow futures point to solid gains as investors keep an eye on the bond market

Dow futures point to solid gains as investors keep an eye on the bond market

U.S. stock index futures were higher Tuesday morning, as investors focus on what the bond market is signaling about the economy. At 5:50 a.m. ET, Dow futures indicated a positive open of more than 130 points. Futures on the S&P and Nasdaq were in the green, as well. Wall Street closed Monday with small gains. News that the special counsel Robert Mueller did not find evidence that President Donald Trump colluded with Russia in the…

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Read CEO Dara Khosrowshahi’s email to Uber staff on the Careem acquisition

Read CEO Dara Khosrowshahi’s email to Uber staff on the Careem acquisition

On Tuesday, CEO Dara Khosrowshahi sent this email to his staff on Uber’s acquisition of Careem. From: DaraTo: Team@Date: March 25, 2019 at 11:45pm PTSubj: Accelerating in the Middle East Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of…

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Fed’s Rosengren says weak foreign bond yields are hurting US long-term yields

Fed’s Rosengren says weak foreign bond yields are hurting US long-term yields

A top official at the U.S. Federal Reserve said Tuesday that weak bond yields in other countries are hurting U.S. long-term bond yields. Still, Boston Federal Reserve President Eric Rosengren expects Treasurys to eventually start inching higher. Investors are watching declining long-term yields after a stock tumble Friday and an inversion of the so-called yield curve in U.S. bond markets. That occurs when short-term rates surpass longer-term yields. That in turn hurts the profits that…

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