Bed Bath & Beyond shares rise as earnings top estimates, retailer plans to maintain some key investments

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Bed Bath & Beyond shares rise as earnings top estimates, retailer plans to maintain some key investments

Bed Bath & Beyond said that its results in 2020 “will be unfavorably impacted” by the coronavirus crisis, and so it will not be offering a first-quarter nor full-year outlook. It plans to cut back discretionary expenses like business travel and advertising, and costs …
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Oil sinks after record 19 million-barrel US crude build

NEW YORK (Reuters) – U.S. crude prices fell to an 18-year low and Brent lost more than 6% on Wednesday after the United States reported its biggest weekly inventory build on record, while global demand is expected to fall to quarter-century lows due to the …
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Wealthy Peruvian family buys 8 NYC condos that they say are safer than banks during coronavirus, report says

Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Although New York City is still currently the American epicenter of the coronavirus pandemic, the global destination still has prime real estate. A rich Peruvian family …
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Former Tesla employees brought stolen documents to self-driving startup Zoox

Self-driving startup Zoox has admitted that four of its employees took confidential documents from their previous employer Tesla, according to a statement issued after the company settled a lawsuit this week over the matter. “Zoox acknowledges that certain of …
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Coronavirus Cases at DC Whole Foods Highlight Risks Facing Grocery Workers

WASHINGTON — An outbreak of coronavirus infections at an upscale Whole Foods in the heart of the nation’s capital has focused attention on the plight of grocery store workers deemed essential to stay on the job during the pandemic but increasingly falling …
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