Carvana Co

Check out the companies making headlines before the bell:Expedia (EXPE) – The travel website operator's stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%.Block (SQ) – Shares of the payment service company slid 6.4% in premarket trading even though it reported better-than-expected quarterly results. The drop comes as Block reports a 34% drop in revenue at…

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company's initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company's shares were initially priced at $72.Mario Tama / Getty ImagesCheck out the companies making headlines in midday trading Friday.Warner Bros. Discovery — The media company's stock cratered 16.5% after Warner Brothers posted its first earnings report since its merger. Warner Bros.…

Chase Coleman's Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund's tough 2022 even worse.The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC's David Faber."Our recent public fund performance is deeply frustrating. Our business is set up with duration to weather storms when they arise," Tiger Global said in an investor letter.In the first quarter, Tiger Global doubled…

A help wanted sign is displayed in the window of a Brooklyn, New York business.Spencer Platt | Getty ImagesCracks are forming in the U.S. labor market as some companies look to curb hiring while others are desperate for employees.Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more conservative about adding new employees. Peloton and Netflix announced layoffs as demand for their products slowed, and online car seller Carvana cut its workforce as it faces inflation and a…

Microsoft CEO Satya Nadella speaks during the Microsoft Annual Shareholders Meeting at the Meydenbauer Center on November 28, 2018 in Bellevue, Washington. Microsoft recently surpassed Apple, Inc. to become the world's most valuable publicly traded company.Stephen Brashear | Getty Images News | Getty ImagesMicrosoft CEO Satya Nadella told staffers on Monday that the company is raising compensation as the labor market tightens and employees contend with increasing inflation.A spokesperson for the company confirmed the pay…

Ernie Garcia, CEO, CarvanaScott Mlyn | CNBCCarvana CEO Ernie Garcia III regularly tells Wall Street that "the march continues" in the company's mission to become the largest and most profitable used car retailer in the world.Its stock price has marched this year as well, just in the wrong direction for investors. Within six months, Carvana has gone from Wall Street's preferred used car retailer poised to capitalize on a robust market to trading like a volatile meme stock amid cost-cutting measures and layoffs.The fall…

Check out the companies making headlines in midday trading Thursday.Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from Stifel, Morgan Stanley and Wells Fargo.Tapestry — Shares soared 15.9% after the luxury company behind Coach and Kate Spade reported that it expects Covid-related…

CNBC's Jim Cramer said Wednesday that while the hot consumer price index suggests the Federal Reserve is losing in its struggle against inflation, the dismal performance of stocks, particularly in the Russell 1000, offers a different view."When I talk about the Fed winning or losing the fight against inflation, I mean the fight to tamp down on expensive spending, allowing overstretched supply chains to play catch up, easing some of the strain on the labor market," the "Mad Money" host said."When you look at the collapse…