Stocks

“Carvana Father-Son Duo Make $11 Billion in 3,000% Stock Rebound”

“Ernie Garcia II and Ernie Garcia III have added more than $11 billion in combined net worth since December 2022, when Carvana stock fell below $4 a share as rising interest rates sapped sales and the company was forced to… Continue Reading…

Stocks

“Carvana shares spike 30% as used car retailer posts record first quarter”

“…Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Carvana reported record first-quarter net income of $49 million, compared to a $286 million loss during the prior-year period. It also posted an… Continue Reading…

Business, Stocks

“Trump Media is up 92% since launching a crusade against short sellers”

“…The parent company of Donald Trump’s Truth Social released a press release on Monday, explaining to its retail investor base how to recall shares from short-sellers. “TMTG wants to clarify that if shares are currently on loan by brokerage firms to facilitate… Continue Reading…

Stocks

“Starbucks stock plunges 14% after badly missing its Q2 earnings estimates”

“…For its second quarter earnings, the company missed expectations across the board, posting lower-than-expected revenue, earnings, and same-store sales growth, as customers pulled back on the frequency of their visits and the size of their orders. Its shares opened 14%… Continue Reading…

Business, Stocks

“Shares of Nio soar more than 20% as EV deliveries more than double in April”

“Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over… Continue Reading…

Business, Stocks

“Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt”

“Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”… Peloton’s shares surged more… Continue Reading…

Stocks

“DJT shares close down more than 9% as Trump Media hot streak stalls”

“Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the… Continue Reading…

Stocks

“Thares of two big online education stocks tank more than 10% as students use ChatGPT”

“The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera. Both stocks sank by more than 10% on Tuesday after issuing disappointing guidance in part because of students using AI tools… Continue Reading…

Stocks

“Philips shares rocket 29% as firm settles U.S. respiratory device case”

“Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed to a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices. Millions of… Continue Reading…