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☆ These 'Shark Tank' founders 'desperately' needed a rebrand—they still snagged a $500K deal with Mark Cuban
▼ + stars: | 2023-10-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The company, called Gatsby Chocolate, appeared on Friday's season premiere of ABC's "Shark Tank." The appeal for Gatsby Chocolate was evident — lots of people have a sweet tooth, and a candy bar with less calories but "no compromise on taste" sounds like a no-brainer. But for Lori Greiner and guest shark Candace Nelson, founder of Sprinkles Cupcakes, it just didn't fit. While Lori entertained that notion, for a 25% stake, Cuban balked: "My brand is too big to be the face of the brand," the billionaire said. "Specifically, we're actively looking into 'Gatsby Chocolate: The good for you bar,' after discussing with Mark and Lori, so be on the lookout!"

Persons: Mark Cuban, Doug, Ryan Bouton, Ryan, Gatsby, Lori Greiner, Candace Nelson, Sprinkles, Greiner, Nelson, Kevin O'Leary, O'Leary, Daymond John, Z, Lori, they'd, Cuban, Ryan couldn't, We're, Mark, we're Organizations: Walmart Safeway, Cuban, CNBC

☆ GameStop Names Ryan Cohen, Darling of Retail Traders, as CEO
▼ + stars: | 2023-09-28 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/c-suite/gamestop-names-ryan-cohen-as-chief-executive-b45770a9

Persons: Dow Jones, cohen, b45770a9

☆ GameStop names billionaire Ryan Cohen as CEO in turnaround push
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

Traders work under signage for GameStop Corp. (NYSE: GME) on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsSept 28 (Reuters) - GameStop (GME.N) on Thursday named billionaire Ryan Cohen as its CEO and chairman on Thursday, tightening the activist investor's grip on the ailing brick-and-mortar videogame retailer that he intends to turn around. Gamestop said he will relinquish that title and will not receive any compensation for his new roles. Cohen arrived at GameStop after building online pet products retailer Chewy into a powerhouse that he sold for $3.5 billion in 2017. The billionaire had initially tried to steer GameStop aggressively toward a more online-focused model as the chain, dependent on physical stores, looked to revive its business.

Persons: Andrew Kelly, Ryan Cohen, Cohen, Matt Furlong, Jenna Owens, Michael Recupero, Furlong, Aditya Soni, Arun Koyyur Organizations: GameStop Corp, New York Stock Exchange, REUTERS, GameStop, Gamestop, Bed, Nordstrom Locations: Manhattan , New York City, U.S, Bengaluru

GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer's chief executive, chairman and president effective immediately — and he won't be collecting a salary. GameStop's board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as the retailer's top executive on Wednesday. Cohen had previously held the title of executive chairman but will step down from the role upon his latest appointment, according to a securities filing. Cohen won't "receive any compensation" for his work, a news release said. The move comes more than three months after GameStop fired CEO Matthew Furlong, made Cohen executive chairman and appointed longtime company soldier Mark Robinson as its "principal executive officer" and general manager.

Persons: Ryan Cohen, Cohen, Matthew Furlong, Mark Robinson, Furlong, Diana Saadeh, Jajeh Organizations: GameStop

☆ GameStop jumps as it taps billionaire activist investor Ryan Cohen as CEO for zero salary
▼ + stars: | 2023-09-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Gamestop stock jumped as much as 7% Thursday after it announced Ryan Cohen as its new CEO. The billionaire investor will not receive any compensation for the role as president, chief executive, and chairman. Earlier this year, Gamestop fired CEO Matthew Furlong, a former Amazon executive. AdvertisementAdvertisementShares of Gamestop climbed as much as 7% Thursday after the company announced billionaire activist would take the helm as chief executive officer for zero salary. Cohen first took a stake in Gamestop in 2020, and joined its board in January 2021.

Persons: Ryan Cohen, Matthew Furlong, —, Cohen, Gamestop, Furlong Organizations: Gamestop, Amazon, Service

☆ Billionaire Chewy cofounder Ryan Cohen takes over as GameStop CEO
▼ + stars: | 2023-09-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Ryan Cohen was announced as the new CEO of GameStop on Thursday. AdvertisementAdvertisementGameStop has a CEO once again after Ryan Cohen, the billionaire founder of Chewy, was appointed Thursday. Cohen had been executive chairman since early June after CEO Matt Furlong was shown the door. Cohen, who's the largest investor in GameStop with a 12.1% stake, sold Chewy in 2017 for $3.3 billion. Cohen first took a stake in GameStop in 2020 and joined its board in January 2021 before becoming chairman that June.

Persons: Ryan Cohen, Chewy, —, Cohen, Matt Furlong, Furlong, Keith Gill, Kitty, Paul Dano, Gill, David Organizations: GameStop, Service, Amazon, Forbes, YouTube, Sony Pictures

☆ GameStop's survival demands 'extreme frugality,' CEO Ryan Cohen tells employees
▼ + stars: | 2023-09-28 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Just hours after being named GameStop 's CEO, Ryan Cohen sent out a memo to employees Thursday that emphasized he will take dramatic steps to ensure the struggling video game retailer survives. I expect everyone to treat company money like their own and lead by example." Cohen, a billionaire activist investor and founder of direct-to-consumer pet food and supply retailer Chewy , was named the company's new leader Thursday morning. Cohen's CEO announcement previewed the company's emphasis on slashing costs: He will not receive a salary in his new role. I expect everyone to treat company money like their own and lead by example.

Persons: Ryan Cohen, " Cohen, Cohen, Matt Furlong, Mike Recupero, Furlong, Ryan, CNBC's Gabrielle Fonrouge Organizations: GameStop, CNBC, RC Ventures Locations: Grapevine , Texas

☆ Stocks making the biggest moves premarket: Micron, CarMax, GameStop and more
▼ + stars: | 2023-09-28 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Micron — The chipmaker's shares fell 3.4% Thursday before the bell on the back of a weaker-than-expected earnings forecast. For the fiscal fourth quarter, the company posted a narrower-than-expected loss as well as revenue that topped expectations. CarMax — Shares fell nearly 12% as fiscal second-quarter earnings fell from a year ago on weakening demand for used cars. Peloton — Shares popped nearly 14% in premarket trading Thursday after Peloton and Lululemon announced a five-year strategic partnership on Wednesday. The company's fourth-quarter earnings forecast of $3.03 to $3.15 per share also fell below analysts' forecasts of $3.33 per share, according to FactSet.

Persons: Ryan Cohen, Matthew Furlong, CarMax, Lululemon, DigitalBridge, Concentrix, FactSet, —, Sarah Min, Pia Singh Organizations: Micron, LSEG, GameStop, UBS, JPMorgan

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. Investors' focus will be on the final gross domestic product (GDP) estimate for the second quarter and weekly jobless claims data - due at 8:30 a.m. ET, as well as remarks by voting members Chicago Fed President Austan Goolsbee and Board Governor Lisa Cook during the day. The scope for interest rates staying higher for longer than anticipated has solidified with soaring energy prices keeping headline inflation elevated. Meme darling GameStop (GME.N) jumped 7.2% after the company named billionaire activist investor Ryan Cohen as its CEO and chairman.

Persons: Brendan McDermid, Ryan Cohen, Jerome Powell's, Powell, Austan Goolsbee, Lisa Cook, Russ Mould, AJ Bell, GameStop, Ankika Biswas, Shashwat Chauhan, Maju Samuel, Sriraj Organizations: New York Stock Exchange, REUTERS, Micron, GameStop, Dow, Nasdaq, Federal, Treasury, Apple, Microsoft, Investors, Chicago Fed, Dow e, Traders, Micron Technology, Thomson Locations: New York City, U.S, Riding

☆ How an Army combat medic pivoted to filmmaking, thanks in part to a Sundance program that fostered directors like Ryan Coogler and Chloe Zhao
▼ + stars: | 2023-09-26 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

The Directors Lab, which goes back 40 years and claims graduates from Quentin Tarantino and Gina Prince-Bythewood to Ryan Coogler to Chloe Zhao, is a supercharged accelerator for new filmmakers. Rashad Frett, right, a member of the 2023 Directors Lab, speaks with Michelle Satter, founding director of the Sundance Institute's Feature Film Program. It's a 20-minute short that screened at the Sundance Film Festival in January; Fretts' time at the Directors Lab was devoted to developing it into a feature, filming multiple scenes. But it took a few tries before his application to join the Directors Lab was successful, he said. Rashad Frett works on his short film "Ricky" during this year's Directors Lab, conducted by the Sundance Institute.

Persons: Rashad Frett, Frett, Quentin Tarantino, Gina Prince, Bythewood, Ryan Coogler, Chloe Zhao, Michelle Satter, who's, Sciences Jean Hersholt, Angela Bassett, Mel Brooks, Carol Littleton, Satter, —, Jonathan Hickerson, he'd, Spike Lee, Ricky, Lin Que Ayoung, It's, Fretts, Sam Emenogu, Joan Darling, Joan Tewkesbury, it's, he's, Reed Alexander Organizations: Army, Sundance, Labs, Hollywood, of Motion Picture Arts, Sciences, New York University, NYU, Sundance Film, Lab, Sundance Institute Locations: New York, Sundance, Utah, New, Hollywood

That's even as he's accused Beijing of pushing TikTok as “digital fentanyl” to Americans and wants the app banned entirely. A spokeswoman for Ramaswamy's campaign defended both the decision to join TikTok and Ramaswamy's criticisms that the app is dangerous. While he is trying to make himself attractive to younger voters, Ramaswamy has promoted policy ideas that would directly target them. It creates short clips criticizing and mocking Republicans and recycles Biden clips originally posted on other social media networks such as Instagram. “I’m hopeful that as more younger conservative candidates run for office, they’ll embrace social media more and be more comfortable with it," she said.

Persons: TikTok, Vivek Ramaswamy, he's, ” Ramaswamy, ”, Tricia McLaughlin, “, Ramaswamy, —, ByteDance, Donald Trump, Joe Biden, Biden’s, recycles Biden, Ryan Calo, Calo, ” Calo, Trump, John Brabender, ” Brabender, Brabender, Clarkson Lawson, Lawson, ” Erica Choinka, Choinka, we’ve, we’re, ” ___ Kinnard, Gomez Licon, Michelle L, Price, Linley Sanders Organizations: U.S, Washington, ByteDance Ltd, Authorities, Democratic National Committee, University of Washington, GOP, Trump, Las, Associated Press Locations: China, Beijing, U.S, France, Iraq, Las Vegas, Florida, Columbia , South Carolina, Miami, New York, Washington

The very existence of the No Labels group is fanning Democratic anxiety about Trump’s chances against an incumbent president facing questions about his age and record. If even a small number of those voters were to back a No Labels candidate next year, Biden could fall short. No Labels party members skew younger. Twelve percent of them live in the 4th Congressional District, which includes Arizona State University. Such a poll would be meaningless because a large swath of voters won’t know anything about the No Labels candidate before a campaign is run, he said.

Persons: Joe Biden, Donald Trump, hasn't, ”, Rodd McLeod, Biden, Adrian Fontes, Fontes, Richard Grayson, Kamala Harris, Republican Sen, Jeff Flake, Cindy McCain, Sen, John McCain —, Ross Perot, George H.W, George H.W . Bush, Jill Stein, Hillary Clinton ’, Stein, Trump, Matt Bennett, Benjamin Chavis, Sam Almy, they've, they’ll, Democratic Sen, Joe Manchin, Joe Lieberman, Jon Huntsman, Larry Hogan, Larry Hogan of Maryland, Ryan Clancy, we’re, ” Clancy Organizations: PHOENIX, Trump, White, Democratic, Biden, Democratic Party, Phoenix, Trump Republicans, Republican, Green, NAACP, Republicans, Congressional, Arizona State University, Super, Republican Gov Locations: Arizona, Pinal County, George H.W ., Michigan , Pennsylvania, Wisconsin, Arizona , Georgia, Washington, Phoenix, Tucson, Dallas, West Virginia, Joe Lieberman of Connecticut, Utah, Larry Hogan of

☆ Person of interest detained in murder probe of Los Angeles sheriff's deputy
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

Sept 18 (Reuters) - Los Angeles authorities have detained a person of interest in connection with the murder of a county sheriff's deputy who was ambushed and fatally shot at a traffic light on Saturday, the sheriff's office said on Monday. The Los Angeles County sheriff's office on Monday said a person of interest had been detained but provided no details. The sheriff's office said it would hold its next news conference on the matter at 10:30 am PST on Monday. Los Angeles County Sheriff Robert Luna at a news conference on Sunday said Clinkunbroomer had been targeted because he was a law enforcement officer. Clinkunbroomer, who had just gotten engaged to be married, was a third-generation member of the Los Angeles County Sheriff's office, following in the footsteps of his father and grandfather, the sheriff said.

Persons: Ryan Clinkunbroomer, Robert Luna, Clinkunbroomer, Luna, Julia Harte, Chris Reese Organizations: . Los, Fraternal, of Police, Thomson Locations: Los Angeles, Palmdale, Los Angeles County, . Los Angeles County, Angeles County, Instagram ., United States

☆ Leaked photos said to be a Russian submarine hit by Ukrainian missiles show severe damages that look beyond repair
▼ + stars: | 2023-09-18 | by ( Jake Epstein | Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Ukraine's attack on the Sevastopol shipyard last week left a Russian submarine in rough shape. New photos leaked to social media indicate the submarine may be beyond repair, a naval expert says. The attack damaged two vessels, including the Kilo-class attack submarine Rostov-on-Don, and was the latest in a string of assaults on the peninsula, which Kyiv has vowed to liberate from Moscow. It also published satellite imagery showing the damaged Sevastopol shipyard, with a zoomed-in view of the submarine. Britain's defense ministry cited open-source evidence in suggesting that the Minsk had "almost certainly been functionally destroyed."

Persons: submariner, Bryan Clark, Don, Clark Organizations: Service, Fleet, Conflict Intelligence Team, US Navy, Hudson Institute, Ministry of Defense, US Army Locations: Sevastopol, Russian, Wall, Silicon, Ukrainian, Black, Crimea, Rostov, Kyiv, Moscow, Ukraine, Minsk, Russia

☆ Tsegay, Duplantis topple records at Eugene Diamond League
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +3 min

Sept 17 (Reuters) - Gudaf Tsegay smashed the women's 5,000 metres world record and Armand Duplantis raised the bar again for the men's pole vault on Sunday, as the season-ending Eugene Diamond League meet concluded on a high. Shericka Jackson came off the turn with a massive lead to retain her women's 200 metres Diamond League championship title in 21.57, but came short of her goal to break Florence Griffith-Joyner's world record. The Jamaican Jackson won the 100 metres Diamond League championship a day earlier and finished more than half a second ahead of Ivorian Marie-Josee Ta Lou on Sunday, as Anthonique Strachan of the Bahamas took third in 22.16. The Canadian Arop finished five hundredths of a second slower and Algerian Djamel Sedjati took third in 1:43.06. Dutch World Champion Femke Bol collected her third Diamond League championship with a confident 51.98 performance in the 400 metres hurdles, as American Shamier Little took second in 53.45 and Jamaican Rushell Clayton finished third in 53.56.

Persons: Tsegay, Armand Duplantis, Eugene Diamond, Sweden's Duplantis, Shericka Jackson, Florence Griffith, Jackson, Ivorian Marie, Josee, Lou, Anthonique Strachan, Andre De, Kenny Bednarek, Erriyon Knighton, It’s, De, Mu, Britain's Keely Hodgkinson, Toppin, Kenyan Emmanuel Wanyonyi, Marco Arop, Canadian Arop, Djamel Sedjati, Femke Bol, Little, Rushell Clayton, Yaroslava, Joe Kovacs, Ryan Crouser, Amy Tennery Organizations: Eugene Diamond League, Kenyan, Diamond, Diamond League, Bahamas, Canadian, Thomson Locations: Budapest, Ivorian, Andre De Grasse, Canada, United States, Tokyo, De Grasse, Ukrainian, New York

☆ Sheriff’s Deputy Fatally Shot on the Job
▼ + stars: | 2023-09-17 | by ( Tiffany May | More About Tiffany May | ) www.nytimes.com time to read: +1 min

A sheriff’s deputy was fatally shot in his patrol car in Palmdale, Calif., on Saturday, the Los Angeles County Sheriff’s Department said. A passer-by found the deputy, Ryan Clinkunbroomer, unconscious near Palmdale Sheriff’s Station around 6 p.m. He added that investigators believed that the killing was captured on surveillance video and were analyzing a video that had been circulating online to determine whether it was related. Officer Clinkunbroomer, 30, had worked in the sheriff’s department for about eight years, Sheriff Luna said, following in the footsteps of his grandfather and father. “It’s usually the best of the best.”

Persons: Ryan Clinkunbroomer, Sheriff Robert Luna, Clinkunbroomer, Sheriff Luna, “, ”, “ It’s Organizations: Los, Los Angeles County Sheriff’s Department Locations: Palmdale, Calif, Los Angeles, Palmdale Sheriff’s

☆ California sheriff's deputy shot dead in ambush attack
▼ + stars: | 2023-09-17 | by ( Rich Mckay | ) www.reuters.com time to read: +1 min

Sept 17 (Reuters) - A Los Angeles County sheriff's deputy has been shot and killed in what officials call an ambush while he was sitting in his patrol car outside a sheriff's station in the California city of Palmdale, in uniform and on duty. Sheriff Robert Luna called the incident that occurred on Saturday night "murder" and a "targeted attack" on Deputy Ryan Clinkunbroomer, 30, because he was a police officer, serving his community about 55 miles (90 km) northeast of Los Angeles. Clinkunbroomer was found at the wheel of his patrol cruiser gravely wounded about 6 p.m. by a passerby who called for help, police said. During a late-night news conference, Luna asked the public to come forward with any video that may exist showing what happened. "It hurts, it hurts bad," Luna said.

Persons: Sheriff Robert Luna, Ryan Clinkunbroomer, Clinkunbroomer, Luna, Ryan, Rich McKay, Will Dunham Organizations: Sheriff, Fraternal, of Police, Thomson Locations: Los Angeles County, California, Palmdale, Los Angeles, United States, Atlanta

☆ The meme stock mania is now a movie. Here's what has happened to GameStop and AMC
▼ + stars: | 2023-09-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

There's Anthony Ramos' Marcus, a GameStop cashier, being lectured by his parents that this stock trading thing isn't real. Reddit versus Wall StreetMany social media traders discussed the meme stock moment in David vs Goliath terms — the retail traders versus the hedge funds. Several brokerages limited trading in meme stocks at the height of the meme stock mania. In the second quarter of 2019, before the meme stock mania began, the company generated about $1.3 billion in net sales. The AMC stock sales have diluted the holdings of individual shareholders, and the market cap of AMC is still down more than 50% from its peak.

Persons: Pete Davidson, Paul Dano's Keith Gill, Kitty, There's Anthony Ramos, Marcus, Jenny, hasn't, David, Gabe Plotkin, Seth Rogen, Capital, Robinhood, Chewy, Ryan Cohen, Matthew Furlong, shakeups, Adam Aron, Plotkin Organizations: Sony Pictures Entertainment, GameStop, YouTube, Ferrari, AMC Entertainment, AMC, SEC, Amazon, Wall Street titans, Charlotte Hornets

☆ Late Bardhi goal earns North Macedonia 1-1 draw with Italy
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

SKOPJE, North Macedonia, Sept 9 (Reuters) - North Macedonia captain Enis Bardhi's stunning free kick cancelled out Ciro Immobile's header to earn a 1-1 home draw against Italy in their Euro 2024 Group C qualifier on Saturday, spoiling Luciano Spalletti's debut as the Azzurri coach. Italy remain third in the group level on four points with fourth-placed North Macedonia although the Italians have only played three games to their opponents' four. Italy midfielder Sandro Tonali hit the post with a low shot shortly after and Bryan Cristante was denied by goalkeeper Stole Dimitrievski from close range. But Bardhi did finally conjure up a late equaliser to give his side a boost before they visit bottom side Malta on Tuesday. (This story has been refiled to make clear the reference is to Spalletti's debut in paragraph 9)Reporting by Anita Kobylinska in Gdansk; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Enis Bardhi's, Ciro Immobile's, Luciano Spalletti's, Nicolo Barella, Bardhi, Spalletti, Roberto Mancini, Barella, Bojan Miovski, Sandro Tonali, Bryan Cristante, Dimitrievski, Anita Kobylinska, Ken Ferris Organizations: Italy, England, Ukraine, San, Malta, Thomson Locations: SKOPJE, North Macedonia, Italy, Saudi Arabia, Macedonia, Ukraine, San Siro, Gdansk

☆ Mark Meadows fails to move Georgia case to fed. court
▼ + stars: | 2023-09-09 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsMark Meadows fails to move Georgia case to fed. courtPostedCharges against Donald Trump’s onetime chief of staff Mark Meadows over efforts to reverse the results of the 2020 presidential election will not be heard in federal court, a sign that similar bids by the former U.S. president and his co-defendants to move the criminal case to a more favorable venue will fail. Ryan Chang reports.

Persons: Mark Meadows, Donald Trump’s, Ryan Chang Locations: Georgia

Are higher rates going to lead to some slow down in conjunction with the dwindling of excess consumer savings," said Lefkowitz, who also cited concerns about high valuations in equities. The Dow Jones Industrial Average (.DJI) rose 75.86 points, or 0.22%, to 34,576.59, the S&P 500 (.SPX) gained 6.35 points, or 0.14%, to 4,457.49 and the Nasdaq Composite (.IXIC) added 12.69 points, or 0.09%, to 13,761.53. For the week, which was shortened by Monday's Labor Day holiday, the S&P 500 fell 1.3%, while the Nasdaq lost 1.9% with both snapping two weeks of gains. After losing 2.9% in two sessions, the S&P 500 technology sector (.SPLRCT) closed higher. The S&P 500 posted 13 new 52-week highs and 17 new lows; the Nasdaq Composite recorded 36 new highs and 229 new lows.

Persons: David Lefkowitz, Lefkowitz, Brendan McDermid, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Sinéad Carew, Chuck Mikolajczak, Gertrude Chavez, Dreyfuss, Shristi, Arun Koyyur, Vinay Dwivedi, David Gregorio Our Organizations: Gilead Sciences, Kroger, Dow, Nasdaq, Index, UBS Global Wealth Management, Dow Jones, Monday's Labor, Apple, New York Stock Exchange, REUTERS, Asset Management, York Fed, Dallas, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: Beijing, New York City, U.S, New York, Bengaluru

☆ SEC Probes Ryan Cohen’s Bed Bath & Beyond Trades
▼ + stars: | 2023-09-08 | by ( Dave Michaels | Lauren Thomas | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/sec-probes-ryan-cohens-bed-bath-beyond-trades-e9f35b81

Persons: Dow Jones

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. The Consumer Price Index reading for August is due on Sept. 13, while the Federal Reserve's policy decision is scheduled for Sept. 20. New York Fed President John Williams kept his options open over future interest rate policy and Dallas Fed President Lorie Logan said while it "could be appropriate" to skip a rate hike in the upcoming meeting, more policy tightening might be needed. DocuSign (DOCU.O) added 3.1% as the e-Signature product provider beat second-quarter results estimates and raised its annual revenue forecast. GameStop (GME.N) fell 2.3% on a report that the U.S. Securities and Exchange Commission was investigating the videogame retailer's chairman, Ryan Cohen.

Persons: Brendan McDermid, Mark Haefele, Morgan Stanley, John Williams, Lorie Logan, Mary Daly, Ryan Cohen, Shristi Achar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Mizuho, Dow, Nasdaq, Federal, UBS Global Wealth Management, Traders, FedWatch, Apple, Wall, Dow e, . New York Fed, Dallas Fed, San Francisco Federal Reserve Bank, GameStop, U.S . Securities, Exchange Commission, Thomson Locations: New York City, U.S, Beijing, China, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. U.S. Treasury yields edged lower on Friday, helping boost major growth stocks, with Microsoft (MSFT.O) leading gains, up 1.9%, and Meta Platforms (META.O) advancing nearly 1%. The S&P 500 information technology (.SPLRCT) sector rose 0.6% while energy stocks (.SPNY) rose 1.3% to their highest level in over seven months, tracking an uptick in crude prices. Advancing issues outnumbered decliners by a 1.64-to-1 ratio on the NYSE and by a 1.01-to-1 ratio on the Nasdaq. The S&P 500 recorded 13 new 52-week highs and 14 new lows, while the Nasdaq posted 31 new highs and 160 new lows.

Persons: Brendan McDermid, Morgan Stanley, Phil Blancato, Ladenburg, John Williams, Lorie Logan, Ryan Cohen, Shristi Achar, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Gilead Sciences, Kroger, Dow, Nasdaq, Apple, Microsoft, Treasury, Wall, Federal Reserve, Index, Federal, Asset Management, FedWatch, New York Fed, Dallas, Dow Jones, BofA Securities, GameStop, U.S . Securities, Exchange Commission, NYSE, Thomson Locations: New York City, U.S, Beijing, Bengaluru

☆ Billionaire Ryan Cohen's 2022 purchase and abrupt sale of Bed Bath & Beyond shares are being investigated by the SEC, report says
▼ + stars: | 2023-09-08 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

Meme-stock investor Ryan Cohen's 2022 trades in Bed Bath and Beyond's stock are being probed by the SEC, per the WSJ. The billionaire took a $120 million position in BBBY stock in early 2022, but sold it abruptly five months later. Cohen, who also chairs video game retailer and fellow meme stock GameStop, scored a profit of almost $60 million following the sale, the WSJ reported. "So meme stock investors conceivably understood Cohen's tweet to mean that Cohen was confident in Bed Bath and that he was encouraging them to act." In April 2023, Bed Bath & Beyond filed for Chapter 11 bankruptcy and closed hundreds of stores across the US.

Persons: Ryan Cohen's, Cohen, Ryan, Trevor McFadden, Cohen didn't Organizations: SEC, Service, Bed, Securities and Exchange Commission, Wall Street, GameStop, CNBC, Washington DC Locations: Bed Bath, BBBY, Wall, Silicon, Bath

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