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Bed, Bath & Beyond’s stock under $1, snarling additional funding

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Shares of Bed Bath & Beyond Inc (NASDAQ:BBBY) edged higher in midday trading Tuesday but the stock remained under $1, leaving the home goods retailer at risk of losing additional funding from hedge fund Hudson (NYSE:HUD) Bay Capital Management, a pivotal investor.


The latest layoffs, amid a challenging macroeconomic climate that has claimed tens of thousands of jobs in the tech industry, follow an earlier round at Amazon, announced in November, that affected more than 18,000 employees. Additionally, Amazon has paused construction of its second headquarters in Virginia.






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