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Kroger investors vote for report on racial and gender pay gaps
A majority of Kroger Co. investors on Thursday approved a shareholder resolution calling for the supermarket giant to produce a report on racial and gender pay equity for its hundreds of thousands of employees. In the proposal, the filers noted that women and people of color were underrepresented in leadership roles at Kroger KR, +0.15%.…
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CCL Stock Price | Carnival Corp. Stock Quote (U.S.: NYSE)
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Virgin Galactic stock tumbles, while CarMax and Conformis climb and other stocks on the move
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 sales dropped 17.4% to $7.69…
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Tech companies scaled back DEI teams last year amid ‘worrying’ backlash, report says
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 Asian women, though there was…
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U.S. economy running close to 2% growth rate in second quarter, S&P says
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 surveyed by the Wall Street…
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Starbucks workers at more than 150 stores plan to strike as tensions build over Pride decorations
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” asking for Starbucks SBUX, -2.49%…
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XEL Stock Price | Xcel Energy Inc. Stock Quote (U.S.: Nasdaq)
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U.S. stocks fall to cap off worst week since March
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 hikes and hawkish commentary from…
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Bad news for aspiring home buyers: One type of mortgage is becoming increasingly rare
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,” according to a new…
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Investors are still evaluating ‘one-of-a-kind’ Virgin Galactic, says space consulting firm Caelus Partners
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 and a contributor to the S-Network…