June 22, 2023

Markets Now

Bed Bath & Beyond will live on — well, the brand, anyway

Bed Bath & Beyond’s name, intellectual property and digital assets were purchased by Overstock.com for $21.5 million, according to court documents released Thursday.  
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Recession obsession, AI boom and wild markets: What Wall Street can expect for the rest of 2023

The first half of 2023 has been a strange and volatile one for markets. Investors have had to contend with the possibility of recession and war in Europe, interest rate hikes (and pauses), sticky inflation and a softening US economy.  
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Small stocks are cheap and finally joining the market rally

Beaten-down stocks of smaller companies are finally making a comeback, underscoring Wall Street’s newfound optimism.  
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Ford agrees to $9.2 billion US government loan

Ford and its South Korean battery manufacturing partner SK On have agreed to a loan of $9.2 billion from the US Department of Energy as part of President Joe Biden’s push to bring more electric vehicle production to the United States.  
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Furby, the bug-eyed, gibberish-talking '90s toy phenomenon, has been revived — again

Furby, the 90s toy phenomenon that divided kids and parents into opposing camps when it first hit stores and quickly became a craze, is making yet another comeback.  
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Bud Light rolls out a new ad campaign to turn around slumping sales

Bud Light is trying to revive its slumping brand with a new marketing campaign aimed at – appropriately – overcoming adversity.  
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Source: CNN Business

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