Wall Street drifts lower amid pullback after rally
Wall Street edges down as the S&P 500 loses 19.51 points to 4,328.82 and the Nasdaq falls 156.74 to 13,335.78 while the Dow edges lower. Carnival shares swing after strong quarter but cautious forecasts. Lucid gains on deal with Aston Martin. Oil edges higher as investors weigh inflation, rates and a muted earnings week.
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Pride month strikes hit Starbucks union 21 stores closed
The Starbucks Workers United say Pride month strikes closed 21 stores over the weekend including the Seattle Reserve Roastery. Affected operations may disrupt more than 150 stores this week, though Starbucks reports limited impact with many drives-thru still open.
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High court lets lawsuits over OSU doctor abuse proceed
The Supreme Court declined to hear appeals from more than 230 men suing Ohio State University over decades old sexual abuse by Dr Richard Strauss. The case stems from failures by OSU officials to stop him, with Strauss later dying by suicide in 2005. OSU has paid over 60 million dollars to hundreds of victims and faces unsettled suits that argue claims were timely due to the 2018 investigation publicizing the abuse. The ruling preserves revived lawsuits and allows trial proceedings to advance.
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