Bed Bath & Beyond cuts expenses

Source: Dukascopy Bank SA
This week, Bed Bath & Beyond announced that the company would fire staff and close down 150 stores in an effort to reduce its expenses and overturn the business. The stock price of the company reacted to the news with a nearly 20.00% drop.
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Thu, 01 Sep 2022 10:30:08 GMT

Snap reduces activity

Snap has revealed that it would cancel various projects and cut up to 20% of its staff in an effort to cut costs. The markets reacted to the news, as the stock price of the company surged nearly 14.00%, prior to retracing and giving up half of the gains.

Thu, 01 Sep 2022 06:30:06 GMT

Goldman Sachs expects 75 ECB hike

Goldman Sachs has announced that the bank now expects the European Central Bank to hike its base interest rates by 75 base points instead of previously expected 50 point hike.

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