Carvana easily beat estimates on the top and bottom lines. Margins have soared as revenue is growing, and it’s benefited from operational efficiencies. The company still has a massive addressable market to... Read more »
(Bloomberg) — Treasuries jumped as weak jobs and manufacturing data bolstered bets on Federal Reserve rate cuts. Stocks extended their weekly slide, with investors also weighing the impacts of President Donald Trump’s... Read more »
Avis reported flat revenue in the second quarter, but solid growth in adjusted EBITDA. The company announced a new premium service and a partnership with Waymo. Its full-year guidance remains strong at... Read more »
Bitcoin (BTCUSD) has staged a formidable resurgence, rising nearly 25% in just three months. One of the catalysts behind the dramatic climb has been an executive order from President Donald Trump proposing the... Read more »
NEW YORK (AP) — Most U.S. stocks slipped on Wednesday after doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September. The S&P... Read more »