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The chief financial officer for Bed Bath & Beyond says 40 of the business' stores will close this year, but 15 new ones will open.On the company's earnings call, CFO Robyn D'Elia said they are in need of more favorable lease terms with landlords.The goods retailer is based in New Jersey. In the last quarter of 2018, the company closed 21 stores and opened three, 381

The Dow tumbled more than 950 points at one point on Monday and global stocks were in disarray after China escalated the trade war with the United States.The Dow finished down 767 points for the day. The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs.The weak yuan ignited fear on Wall Street that a currency war has begun or that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors are particularly concerned that the Trump administration could try to devalue the dollar, sparking a currency war that could weaken Americans' purchasing power."Risks of Trump intervening in foreign exchange markets have increased with China letting the yuan go," wrote Viraj Patel, FX and global macro strategist at Arkera, 987

The father of a 3-year-old boy who was killed in an accidental shooting in Chicago Sunday has been charge in connection to the child's death.The toddler's family told police they heard a gunshot in another room and found the boy with a weapon, CNN affiliate 269

The human and economic toll of the lockdowns against the coronavirus mounted Thursday as India struggled to feed the multitudes, Italy shut down most of its industry, and a record-shattering 3.3 million Americans applied for unemployment benefits in a single week. While world leaders held a virtual summit to grapple with how long to keep the global economy at a standstill to help flatten the rising curve of COVID-19 cases, the damage so far was coming into acute focus. 486

The news is out! Edge is the name for the Observation Deck at Hudson Yards. Get on the list: https://t.co/9WxbE2QRJB #HelloHudsonYards #SeeYouAtHudsonYards pic.twitter.com/slbww1FguI— Hudson Yards NYC (@_HudsonYardsNYC) March 7, 2019 245