Carvana shares soar on forecast of improved financial results
Shares in used-car retailer Carvana Inc. soared as much as 32% in premarket trading after the struggling company said its...
Carvana cancels $1B debt swap as creditors hold out
Carvana Co. canceled a $1 billion debt swap after a group of creditors refused to exchange their notes, posing a...
US labor market sends mixed signals, giving Fed reason to pause
The US labor market sent conflicting signals in May as payrolls surged along with joblessness, giving Federal Reserve officials more...
Firm that makes personal loans to pay $20 million after deceptive claims
US regulators ordered OneMain Holdings Inc. to pay $20 million in redress and penalties, saying the personal loan installment lender...
Two key gauges of US economic activity diverged in first quarter
The government’s two main measures of US economic activity diverged in the first quarter, with one gauge painting a picture...
Ford’s CEO sees car prices dropping 5%, putting pressure on Tesla
Ford Motor Co. expects auto prices to fall by more than 5% this year and next as dealer inventories grow,...
US jobless claims tumbled last week after fraud-inflated jump
Applications for US unemployment benefits fell by the most since 2021 after fraudulent claims in at least one state boosted...
US retail sales increase in sign of steady consumer spending
US retail sales increased in April, suggesting consumer spending is holding up in the face of economic headwinds including inflation...
