Here are some of the biggest movers of the day ahead of Friday’s market open: Stock gainers: CarMax Inc. stock KMX, +10.07% is rallying 9.1% toward a nine-month high after the used car seller reported adjusted first-quarter profit of $1.16 a share, well above the FactSet consensus of 79 cents. Total…
The tech industry saw a rollback in wage equity last year, while also shrinking its diversity, equity and inclusion teams, a new report shows. The recruiting platform Hired said this week that wage gaps widened in 2022 for women and men of all racial and ethnic groups except white and…
This version corrects the manufacturing PMI data which fell to a six-month low of 46.3 in June from 48.4 in the prior month. The numbers: The S&P Global “flash” U.S. service sector activity index fell to a 54.1 in June from 54.9 in the prior month, a two-month low. Economists…
Starbucks workers at more than 150 stores plan to go on strike, their union said Friday, as tensions escalated in response to accusations that the company banned Pride-themed decorations at some U.S. stores. More than 3,000 workers intend to participate in Strike with Pride, a “week-long unfair labor practice strike”…
Source
U.S. stocks fell Friday with the S&P 500 index on track for its worst week since the collapse of Silicon Valley Bank in March, suggesting the three month rally may be coming to an end. Meanwhile, investors sought safety in bonds and the U.S. dollar as a wave of interest-rate…
Buying a cheap house, or one that’s $150,000 or less, may seem like an attractive idea for many renters who are seeing home prices spiral out of control. But finding financing to pay for that home can be a tall task.Mortgages to purchase homes under $150,000 have become “increasingly rare,”…
Virgin Galactic Holdings Inc.’s stock pulled back 5.6% Wednesday, with the shares looking set to snap their recent rally. The space company’s stock ended Tuesday’s session up 27.1%, fueled by plans announced last week for Virgin Galactic’s SPCE, -6.83% first commercial flight. Micah Walter-Range, president of space consulting firm Caelus Partners…
Source
With its $330 billion-plus valuation, Oracle Corp. is hardly small. But might it be a “mini Microsoft?” Bernstein analyst Mark Moerdler is kicking that idea around, writing in a note to clients Wednesday that Oracle’s ORCL, -1.24% transition to the cloud harks back to when Microsoft Corp. MSFT, +1.84% went…