Month: August 2022

Student, 20, makes $110 million trading meme stock Bed Bath & Beyond

Student, 20, makes $110 million trading meme stock Bed Bath & Beyond

Comment on this story Comment A 20-year-old college student went big on Bed Bath & Beyond at the right time, making close to $110 million off the meme-stock favorite after its share price quadrupled and before its buzziest stakeholder signaled plans to sell everything. Jake Freeman, a math major, had amassed a 6.2 percent stake …

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Dan Price, the CEO from Idaho who set a $70K minimum yearly salary, quits his company

Dan Price, the CEO from Idaho who set a $70K minimum yearly salary, quits his job

The Seattle CEO from Idaho who rose to national prominence for setting a $70,000 minimum salary for all his employees — and slashing his own to match — has resigned as CEO of the company he founded in college amid accusations of misdemeanor assault. Dan Price said he was stepping down at Gravity Payments, a …

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Dan Price, the CEO from Idaho who set a $70K minimum yearly salary, quits his company

Dan Price, the CEO from Idaho who set a $70K minimum yearly salary, quits his company

The Seattle CEO from Idaho who rose to national prominence for setting a $70,000 minimum salary for all his employees — and slashing his own to match — has resigned from the company he founded in college amid accusations of misdemeanor assault. Dan Price said he was stepping down from Gravity Payments, a credit card …

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Judge orders Starbucks to reinstate fired workers who led unionization effort

Judge orders Starbucks to reinstate fired workers who led unionization effort

A federal judge on Thursday ordered Starbucks to reinstate seven employees at a Memphis store after finding the company illegally retaliated against them for helping organize a union. U.S. District Court for the Western District of Tennessee Judge Sheryl Lipman told Starbucks it had five days to reinstate the employees, known as the “Memphis Seven,” …

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Market Rally Extends Momentum As Apple Pops, Amazon Soars

Futures: BBBY Dives 44% In ‘Reversion To The Meme’

Dow Jones futures edged lower overnight, along with S&P 500 futures and Nasdaq futures. Applied Materials (AMAT) reported after the close, while BBBY stock cratered overnight. The stock market rally is in a pullback near key resistance, but really isn’t pulling back, with the major indexes edging higher Thursday. X That’s a sign of strength, …

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Centene abandons plans for East Coast headquarters

Centene abandons plans for East Coast headquarters

CLAYTON — Clayton-based health insurer Centene Corp. has canceled its plans for an East Coast headquarters and campus in Charlotte, North Carolina, the company said Thursday. The company attributed the decision to a massive shift toward remote work. Almost 90% of Centene’s workforce is either fully or partly remote, a spokesperson said.  The $1 billion Charlotte …

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Wall St ends higher, Cisco Systems jumps after forecast

Wall St ends higher, Cisco Systems jumps after forecast

Investors still assessing Wednesday’s Fed minutes Kohl’s slashes 2022 forecasts Indexes: Dow up 0.1%, S&P 500 up 0.2%, Nasdaq up 0.2% NEW YORK, Aug 18 (Reuters) – U.S. stocks ended higher Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong. Investors …

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US home sales fell in July; some buyers see silver lining

US home sales fell in July; some buyers see silver lining

LOS ANGELES — The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month. Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less affordable. Sales fell 20.2% from July last year, reaching the slowest …

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Why Chemists Rinse Their Glassware Three Times (and Why You Should, Too)

Why Chemists Rinse Their Glassware Three Times (and Why You Should, Too)

In a former life, I was a lab technician in a chemistry lab, where I used a very small portion of the knowledge I had gained studying chemistry for four years. I left that industry over a decade ago, but little habits have stuck with me, particularly when it comes to glassware. I love chemical …

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Dan Price, CEO who cut his pay so workers made at least $70,000, resigns

Dan Price, CEO who cut his pay so workers made at least $70,000, resigns

Comment on this story Comment The Seattle CEO who rose to national prominence for setting a $70,000 minimum salary for all his employees — and slashing his own salary to match — has resigned from the company he founded during college amid accusations of misdemeanor assault. Dan Price said he is stepping down from Gravity …

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