Bassett Furniture Industries (BSET) drops 1.11% to moderate volume on October 19


Today, shares of Bassett Furniture Industries Inc. (NASDAQ: BSET) fell $ 0.2, down 1.11%. Bassett Furniture Industries opened at $ 17.99 before trading between $ 18.10 and $ 17.65 throughout Tuesday’s session. The activity saw Bassett Furniture Industries’ market cap drop to $ 173,458,942 on 34,694 stocks, below their 30-day average of 63,197.

About Bassett Furniture Industries Inc.

Bassett Furniture Industries, Inc. is a leading manufacturer and distributor of high quality household furniture. With 97 company-owned and licensee stores at the time of this publication, Bassett has leveraged its strong furniture brand into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for the purchase of furniture and accessories. Bassett’s retail strategy includes stylish, bespoke furniture that showcases the latest in trendy furniture styles, free in-home design tours, and coordinating home decor accessories. Bassett also has a traditional wholesale business with over 700 accounts in the open market, across the United States and internationally and a logistics company specializing in home furnishings.

Visit the Bassett Furniture Industries Inc. profile for more information.

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McDonald’s to bring new plant-based burger to U.S. restaurants by Beyond Meat

McDonald’s Corporation (NYSE: MCD) will soon launch a small-scale deployment in the United States of a new plant-based burger developed with fake meat maker Beyond Meat Inc (Nasdaq: BYND).

Starting Nov. 3, “McPlant” will be on the menu at eight locations in Texas, Louisiana, Iowa and California as part of a trial to gauge customer interest in the meatless offering, a McDonald’s announced last week.


Breaking down the supply chain bottleneck

Since the onset of the global pandemic, historically low interest rates and government spending have inhibited saving and encouraged borrowing and spending to boost the economy during difficult times. The US Federal Reserve and the government injected much more liquidity into the financial system than during the global financial crisis of 2008. We have seen an increase in inflationary pressures due to the stimulus. Additionally, the unintended consequences of the pandemic created shortages and supply chain bottlenecks that only exacerbated the price hike.


About the Nasdaq Stock Market

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To get more information about Bassett Furniture Industries Inc. and keep up with the latest company updates, you can visit the Company Profile page here: Bassett Furniture Industries Inc. Profile. in the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

The views and opinions expressed in this article are those of the authors and do not represent the views of Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit:

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