Bloomberg Bed Bath & Beyond will eliminate 2,800 jobs under a plan to cut costs and streamline operations amid deepening challenges for brick-and-mortar retailers. The “significant workforce reduction” will begin immediately, affecting both corporate headquarters and retail stores, the home-goods retailer said in a statement. Along with previously announced restructuring actions, the latest effort will result in as much as …

Bloomberg The global rally in stocks slowed to a crawl as investors mulled its recent pace and reviewed expectations for loose monetary policy. US and European government bonds declined. The Stoxx Europe 600 Index drifted higher on gains in Germany’s market after the country extended a program that has kept millions of people from losing their jobs in Europe’s biggest …

Bloomberg South Korean stocks and the currency could come under pressure as policy makers consider stricter social-distancing measures and a lockdown amid a flare-up in Covid-19 cases. Such concerns saw the benchmark Kospi index and the won slip early on Wednesday, although losses were pared after a senior health ministry official denied market rumours that authorities will raise social-distancing rules …