Stock Market Coverage – Wednesday August 31 Yahoo Finance

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U.S. stocks wavered early Wednesday after a three-day losing streak on Wall Street that placed the major averages on pace for monthly declines.

The S&P 500 advanced 0.3%, while the Dow Jones Industrial Average dipped roughly 0.1%. The tech-heavy Nasdaq advanced 0.6%. A turbulent run for stocks in recent weeks has erased much of the summer’s relief rally, with the S&P 500 officially wiping out half of its bounce since mid-June.

Shares of Bed Bath & Beyond (BBBY) tanked nearly 22% at the start of trading Wednesday after the home-goods retailer announced in an anticipated strategic update that it would lay off staff and shutter approximately 150 stores as part of a turnaround effort for its struggling business. The company also said it secured more than $500 million of new financing.

The announcement came shortly after Bed Bath & Beyond reported in a regulatory filing that it may offer, issue and sell shares of its common stock from time to time and may use any proceeds from potential stock sales to repay short-term debt, among other purposes.

Elsewhere in markets, social media giant Snap (SNAP) was in the spotlight after confirming reports the company will lay off 20% of its workforce of more than 6,400 employees. Shares rose 6% Wednesday morning.

“Headcount reductions were not surprising, but a 20% reduction was more than we had anticipated,” Jefferies technology analyst Brent Thill wrote in a note.

Chewy (CHWY) shares plunged more than 8% after the pet retailer reported second-quarter sales that missed Wall Street estimates and trimmed its full-year guidance, citing the impact of inflationary pressures on purchases of pet item.s

Shares of Hong Kong-listed electric-vehicle maker BYD (BYDDY) sank 8% at the start of the session after Warren Buffett’s Berkshire Hathaway trimmed its stake in the Chinese company. The move came one month after reports Berkshire was set to exit its entire holding in the electric carmaker sent the stock tumbling.

According to a filing Tuesday, the investor slashed its position in BYD’s Hong Kong-listed shares to 19.92% from 20.04% on Aug. 24 – about 1.33 million securities at an average HK$277.10 ($35.30) apiece, valued at about $47 million.

In energy markets, West Texas Intermediate crude oil plummeted nearly 3% to $88.92 per barrel, while Brent crude oil futures slid about 3.3% to $96.06 per barrel.

Tumbling oil prices come “as traders assess the darkening clouds over the global economy and the expectation of weaker demand,” Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown said in a Wednesday morning note.

On the economic data front, ADP reported under new methodology on Wednesday that private payrolls rose by 132,000 in August, a hefty miss from the 300,000 gain economists surveyed by Bloomberg had anticipated. ADP resumed its private payrolls report after a temporary pause in June and July to revamp how data for the release is aggregated.

ADP’s monthly private jobs report comes two days before the Labor Department releases its official employment data. The government’s jobs report due out at 8:30 a.m. ET Friday morning is expected to show nonfarm payrolls rose by 300,000 in August, according to data from Bloomberg.

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The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

The free one-day festival featuring today's visionary thought leaders will take place online on June 9, 2023

The Global Healing Festival by Embodied Black Girl returns for its fourth annual festival on June 9, 2023. The festival is the first of its kind and nourishes the healing and liberation of Black women and women of color while enlivening culture change and making wellness, somatics and mental health more accessible to the communities that need it most. 

Every year the free grassroots virtual festival attracts thousands of participants around the world, primarily through word of mouth.  

Curated by the global wellness and leadership education platform, Embodied Black Girl, the day-long online, interactive and immersive festival experience, includes in-depth workshops and thought-provoking conversations with today's leading visionary cultural shapers.

This year's theme, The Future is Embodied: The Rest-volution, is an invitation to enter the dream space and leave grind culture behind. In spite of the grim statistics and policies that impact Black women in particular, we root for a vision of joy, hope and self-determination.

In keeping this festival free through the years, our hope is to make wellness, somatics and mental health more accessible to Black women and folks of color and, in turn, create a world where we are seen, held and empowered. In this space, rest is life and our bodies transform into revolutionary portals and oracles for liberation. 

The festival will be hosted by Embodied Black Girl founder Thérèse Cator, who'll be joined by honored guests: 

  • Tricia Hersey, founder of The Nap Ministry and NYT Bestselling Author of Rest is Resistance 
  • Dr. Jennifer Mullan, founder of Decolonizing Therapy and author of the forthcoming book Decolonizing Therapy: Oppression, Historical Trauma and Politicizing Your Practice (W. W. Norton & Company)
  • Tigidankay "TK" Saccoh, founder of The Darkest Hue, a digital platform that centers the experiences and perspectives of dark-skinned Black girls, women, and femmes 
  • Natalee Facey, Resilience Coach and Birth Doula 

The festival will explore questions like…

  • How does rest support our individual and collective liberation?
  • How can we move beyond a cognitive understanding of rest to an embodied knowing of rest?
  • How can we foster deeper embodiment while having difficult and necessary conversations within our family and communities?
  • What dreams are we here to birth and nurture that will support personal and communal thriving?

For more information and to register to attend, please visit https://embodiedblackgirl.com/ghf-2023/.

Contact Information:
EBG Press
hello@embodiedblackgirl.com


Original Source: The 2023 Global Healing Festival by Embodied Black Girl Returns, Disrupting Grind Culture and Centering Rest

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