CarMax shares soar after topping quarterly earnings and sales estimates
Key Points CarMax beat quarterly earnings and revenue forecasts. CEO Bill Nash said cost-cutting
FactSet shares drop after projecting 2023 revenue at bottom of forecast
Key takeaways FactSet shares fell after the company said it expected revenue for the
3M settles 'Forever Chemicals' lawsuit for $10.3 billion
Key takeaways 3M agreed to pay $10.3 billion to settle “chemicals forever”; legal action.
Virgin Galactic's fundraising plans put stock on course for worst day of the year
Virgin Galactic (SPCE) shares fell sharply around 18% early Friday after the company announced
Robinhood buys credit card provider X1 for $95 million
Key Points Robinhood agreed to buy X1 for $95 million. X1 is a trading
NRG Energy Responds to Activist Investor Complaints, Shares a Leap
Key takeaways NRG Energy shares rose more than 3% as the electricity supplier boosted
Spirit AeroSystems shares slide as production halts ahead of strike
Key Points Mind AeroSystems halted production at its Wichita, Kansas plant ahead of a
Overstock wins auction for some Bed Bath & Beyond assets for $21.5 million
Overstock (OSTK) won an auction for Bed Bath &amp ; Beyond's intellectual property and
FTC accuses Amazon of illegal practices related to Prime subscriptions
Key takeaways The FTC accused Amazon of tricking customers into signing up for Prime
PayPal and KKR Reach Agreement for PayPal's “Buy Now, Pay Later” EU Loans
Key takeaways KKR has agreed to buy PayPal's “Buy Now, Pay Later” option. (BNPL)