It turns out Amazon (NASDAQ: AMZN) is mortal. After years of breakneck growth, shares of the e-commerce stock plunged Friday after the company called for fourth-quarter revenue to grow just 2% to 8%, slower than the pace of inflation. Currency-exchange headwinds accounted for 460 basis points of the expected slowdown, but the forecast still shows the company struggling to grow in a difficult economic environment. Read More...
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Why Bed Bath & Beyond Stock Dived by 8% Today
The struggling retailer had another of numerous bad days on the stock market on Wednesday, with its share price dipping by more than 8% on news of a C-suite departure. This morning, in a tersely worded regulatory filing, Bed Bath & Beyond said that its chief technology officer (CTO), Rafeh Masood, has resigned. The retailer said that his departure is “not the result of any disagreement with the company on any matter relating to the company’s operations, policies or practices or financial statements.”
