Shares of Koss Corp. were surging 18.4% in premarket trades Wednesday as the headphone maker resumed its rally amid a resurgence of interest in meme stocks.
Three states, New York, New Jersey and California, accounted for most of the increase
U.S. businesses add a modest 150,000 new jobs in June, paycheck company ADP said, to mark the smallest increase in five months, possibly another sign the labor market is cooling.
Hedge funds in June sold off tech stocks at their fastest rate on record. This sell-off has limited the potential for a crash, JPMorgan said.
Citi just downgraded Charter’s stock, warning that estimates could be too high.
Shares of Nvidia Corp. are growing increasingly disconnected from the average stock in the S&P 500, prompting one analyst to quip that the chip designer is starting to behave like its own asset class.
The brewer of Modelo Especial is still expecting sales to grow 6% to 7% in fiscal 2025.
About 160 million of us are still working for The Man.
