Bloomberg Business

Bed Bath & Beyond Warns It May Go Out of Business

Bed Bath & Beyond Inc. has begun preparations for a bankruptcy filing that would likely come during its first operating quarter of the year, according to people with knowledge of the moves who asked not to be named discussing confidential plans.

Buffett-Backed BYD Trounces Tesla as China Economy Reopens

While shares of Tesla Inc. are melting down lately on demand concerns, Chinese rival BYD Co. is on a tear as investors applaud its record sales year and widening footprint in the world’s biggest electric vehicle market.

Cathie Wood Sells 99% of Silvergate Stake as Customers Flee

(Bloomberg) — One of Cathie Wood’s funds sold virtually all of its shares in Silvergate Capital Corp. after the cryptocurrency-focused bank announced that it was forced to sell assets at a steep loss as customers pulled out most of their deposits during the fourth quarter.

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