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S&P Global Ratings downgraded Bed Bath & Beyond’s credit rating further into junk territory on Monday, and said the outlook is negative, meaning it could downgrade again in the near term. The agency cut its rating to CCC from B-minus as the retailer faces growing challenges, including poor sales, shrinking liquidity and looming debt maturities. […]
EBay Inc. EBAY, -2.67% plans to acquire TCGplayer, an online marketplace for collectible trading card games, in a deal valued at up to $295 million, the company said Monday. “This acquisition complements eBay’s focus category strategy and furthers the company’s commitment to trading card enthusiasts – providing eBay with strategic omnichannel capabilities like order fulfillment […]
U.S. stocks opened lower Monday, extending last week’s decline, as investors reassess the market’s recent rally ahead of Federal Reserve Chair Jerome Powell’s speech in Jackson Hole, Wyo. on Friday. The Dow Jones Industrial Average DJIA, -1.47% was trading down 1.1% soon after the opening bell, while the S&P 500 SPX, -1.79% fell 1.3% and […]
Computer Services Inc. CSI, shares rallied 45% in pre-market trades Monday after the company agreed to be taken private for $58 a share in a deal valued at $1.6 billion by buyers Centerbridge Partners, L.P. and Bridgeport Partners. The $58-per-share price values Paducah, Ky.-based Computer Services at a 53% premium over its closing level of […]
The issues surrounding the Cardano Vasil hard fork have been “incredibly corrosive and damaging,” according to founder Charles Hoskinson, who’s looking to put the controversy to an end. 4305 Total views 61 Total shares Cardano founder Charles Hoskinson has continued to refute claims that the Cardano’s testnet is “catastrophically broken,” implying the need to finally […]
AMC Entertainment Holdings Inc.’s AMC, -38.86% AMC Preferred Equity Units, or APEs APE, , began trading on the New York Stock Exchange on Monday, opening at $6.95. The stock rose 36.2% to trade at $9.35 shortly after the open. Shares of AMC Entertainment Holdings Inc. plunged prior to the APE debut, falling 37.4% in premarket […]