Bed Bath & Beyond, which is preparing for a bankruptcy filing, has been in discussions with private-equity firm Sycamore Partners and another suitor about a deal to sell the baby chain as part of its chapter 11 restructuring, according to people familiar with the matter. The New York Times earlier reported on the discussions.‍

The dollar's recent surge has been described as a wrecking ball, ruining everything in its path. However, the Bloomberg dollar index is now back to a level last seen in June 2022.

Disney's shares rose 4.1% after the company announced that Mark Parker, the executive chairman of Nike, would be its new chairman.

Volatility in Bed Bath & Beyond has soared since the company warned last week that it may need to file for bankruptcy.

Bed Bath & Beyond surged 50% in morning trading Wednesday, with shares last trading up 39%. GameStop, the original star of 2021's meme stock mania, climbed more than 5% after earlier gains of over 10%. AMC Entertainment soared about 16%.