Private credit’s sketchy marks get warning shot from Wall Street’s top cop
Wall Street’s top prosecutor has a warning for private-market players getting creative with their numbers. Stark divergences in how competing...
Trump nominates a new CFPB head, but Vought isn’t going anywhere
President Donald Trump nominated Stuart Levenbach to be director of the Consumer Financial Protection Bureau, according to a Congressional website,...
Ford taps Amazon to let shoppers buy Its used cars online
Ford Motor Co. has struck a deal with Amazon.com Inc. to sell certified used cars through its e-commerce website, becoming...
Tricolor’s frantic end was sparked by a phone call from JPMorgan
Daniel Chu was in Italy, a world away from the sweltering Texas car lots he had built his fortune on,...
Carvana’s 9,000% rally faces profit test as used-car woes mount
The used-car industry isn’t exactly on firm footing, going by recent events. A major lender went bust just before a...
Fed cuts rates quarter point, sets end to balance-sheet runoff
Federal Reserve officials delivered their second consecutive interest-rate reduction to support a softening labor market, and said they would stop...
CarMax cuts about 350 customer service jobs after weak earnings
CarMax Inc. is laying off hundreds of customer experience center employees, about a month after the used-car retailer disappointed Wall...
Huntington strikes $7.4B deal to expand in the south
Huntington Bancshares Inc. agreed to buy Cadence Bank for $7.4 billion, the Ohio bank’s second major acquisition this year to...
