Meme shares are back, BBBY! Traders on online message boards like Reddit’s WallStreetBets are back at it again, as shares of Bed Bath & Beyond are up nearly 100% since last Friday. Shares of AMC Entertainment and even GameStop have seen significant movement in recent days. But Bed Bath & Beyond has been, by far,…

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Data is as good as gold these days, and Americans are creating far more than they realize. For example, during 2020, it is estimated that the typical person created 1.7 megabytes of data every second of every day. It’s also incredibly valuable, and many companies are willing to spend billions to get their hands on…

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The latest GDP numbers show that the US economy shrank by 0.9% during the second quarter of 2022, marking the second consecutive quarter of negative economic growth. By many definitions, that means the U.S. economy is in a recession—though there are other factors at play, and nothing is official until the National Bureau of Economic…

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Consumers are already feeling the pinch after inflation rose above 9% in June, and it appears many are feeling additional pressure in the form of “shrinkage inflation”. That’s according to the latest data from the Yelp Economic Average (YEA) report for the second quarter of 2022, which reveals that consumers are reporting shrinking experiences in…

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It’s been a while since the market was so uninviting for companies waiting to go public. And the proof is evident: Almost 70 companies have withdrawn their IPO filings since the beginning of March, according to data from Equity Analysis. And on Wednesday, two more companies got cold feet — software firm Justworks and leg…

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Twitter filed a lawsuit against Elon Musk on Tuesday after Musk decided to back out of a $44 billion takeover bid. Musk’s termination of the Merger Agreement between himself and the social media platform late last week — which was hardly unexpected — centered around what Musk’s lawyers called “false and misleading representations” about it…

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The average price for a gallon of gas in the United States is over $4.75 (and in some areas, like California, over $6.18). While these prices are draining the budgets of many drivers, they are something of a relief from previous weeks—on average, prices were about 10 cents higher a week ago. Although Americans in…

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Imagine that every penny you’ve earned for nearly 10 months of the year goes toward paying off a single purchase. For millions of Americans, that’s a reality, as it now takes more than 41 weeks of income to buy a new light vehicle, according to data from the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Further,…

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In early June, 55% of Americans believed the US was in an economic recession, according to a poll from The Economist and YouGov. While the US was not in a recession a month ago, we may be now, at least according to the latest reading from the Atlanta Fed GDP Now measure, a model from…

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On Friday, the electric vehicle market received a shock as the Swedish manufacturer of performance electric cars Polestar started trading on the Nasdaq after it went public through a SPAC transaction. Shares, traded under the “PSNY” sign, opened the day trading at $ 13.30, but fell to less than $ 11 at noon. Polestar is…

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