The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, has declined 16% from record levels in […]
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Rent the Runway shares surge after fashion rental company reports stronger quarterly sales
The fashion rental company reported stronger revenue that beat expectations as customers opted to borrow designer clothes instead of buying them.
Continue readingFirst-ever California offshore wind auction surpasses $757 million in bids
The sale is a major milestone in the Biden administration’s goal of building offshore wind turbines across the nation’s coastlines to help power communities.
Continue readingAs China eases Covid restrictions, Club stocks stand to gain
The Chinese government’s move Wednesday to further roll back strict Covid-19 measures should boost the prospects for Club holdings with operations in China.
Continue readingFederal judge dismisses crypto scam lawsuit against Kim Kardashian, Floyd Mayweather Jr.
The dismissal comes after Kim Kardashian paid over $1 million in October to settle with the SEC over her promotion of EthereumMax.
Continue readingGameStop reports decline in revenue and sharp decrease in cash
GameStop posted a decline in revenue, but its net loss narrowed from a year ago.
Continue readingCarvana shares tank as bankruptcy concerns grow for used car retailer
Shares of Carvana plummeted by more than 40% after its largest creditors reportedly signed a deal binding them to act together in negotiations.
Continue readingParamount shares fall as CEO lowers fourth-quarter ad revenue forecast
Paramount CEO Robert Bakish warned that the company’s advertising in the fourth quarter will come in “a bit below” numbers seen in the third quarter.
Continue readingRupert Murdoch will be deposed in Dominion’s $1.6 billion lawsuit against Fox
Fox Chairman Rupert Murdoch will face questioning next week as part of Dominion Voting’s lawsuit
Continue readingRising thefts at Walmart could lead to price jumps, store closures, CEO says
Walmart stores are grappling with a jump in shoplifting that could lead to price spikes and closures, Walmart CEO Doug McMillon said Tuesday
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