Wednesday. Bed Bath & Beyond, whose market cap was under $150 million earlier this week, surged the most – 68%. Heading into Thursday morning, its market value stands at more than $307 million, even as the company rapidly burns through cash, runs out of merchandise to sell and loses customers. "We don't love the strength in nonsense stocks like AMC, CVNA, GME, BBBY, PRTY, etc.," said Adam Crisafulli, founder of market commentary firm Vital Knowledge.
Thursday in the United States, a day after a Federal Aviation Administration system failure delayed more than 10,000 flights. As of Thursday morning, more than 400 flights were delayed. The FAA said the failure was the result of a "damaged database file" that officials addressed by rebooting the system. Lawmakers on both sides of the aisle said they planned to investigate the matter, as did the FAA.
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The stock market set-up heading into the crucial CPI report Thursday morningStocks are rallying on a bet that inflation (particularly wage inflation) is moderating and that job growth will slow down but not collapse. Everyone knows it’s down .2%. Leaked
Source: CNBC - 🏆 12. / 72 Read more »