A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022. Frederic J. Brown | AFP | Getty Images DETROIT – Wholesale prices of used vehicles reached their lowest level in more than a year last month, as retail sales decline amid interest rate hikes, rising new vehicle availability… Continue reading Used vehicle demand and prices continue to decline from record highs
Tag: Financial Results
Carvana shares tank as bankruptcy concerns grow for used car retailer
watch now Shares of Carvana plummeted by more than 40% during trading Wednesday after the embattled online used car retailer’s largest creditors signed a deal binding them to act together in negotiations with the company. The pact, as first reported by Bloomberg, includes creditors such as Apollo Global Management and Pacific Investment Management that hold… Continue reading Carvana shares tank as bankruptcy concerns grow for used car retailer
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Dec 8 (Reuters) – Air New Zealand Ltd (AIR.NZ) on Thursday increased its earnings forecast for the first half of fiscal 2023, helped by strong travel demand across its domestic and international networks and a decline in jet fuel prices. The increased profit outlook follows a moderation in fuel prices in recent weeks and assumes… Continue reading Untitled
BorgWarner to spin off fuel systems, aftermarket business in ‘pivot to EVs’
Auburn Hills-based auto supplier BorgWarner Inc. said Tuesday it will spin off its fuel systems and aftermarket businesses into a new publicly traded company. The tax-free separation is expected to happen in late 2023 following regulatory approvals and final support from BorgWarner’s board of directors. Shareholders would own stock in both companies. Spokeswoman Michelle Collins… Continue reading BorgWarner to spin off fuel systems, aftermarket business in ‘pivot to EVs’
Crisis24, a GardaWorld Company, Launches Global Risk Forecast 2023: The Intelligence Needed to Inform Risk Management in 2023
The team of specialized intelligence experts issues annual report analyzing worldwide threats to help prepare organizations for the year ahead MONTREAL, Dec. 7, 2022 /PRNewswire/ — Leading global risk management firm Crisis24, a GardaWorld company, released its annual Global Risk Forecast that provides expert insight and analysis on various risks for businesses and organizations in… Continue reading Crisis24, a GardaWorld Company, Launches Global Risk Forecast 2023: The Intelligence Needed to Inform Risk Management in 2023
Crisis24, a GardaWorld Company, Launches Global Risk Forecast 2023: The Intelligence Needed to Inform Risk Management in 2023
The team of specialized intelligence experts issues annual report analyzing worldwide threats to help prepare organizations for the year ahead MONTREAL, Dec. 7, 2022 /PRNewswire/ – Leading global risk management firm Crisis24, a GardaWorld company, released its annual Global Risk Forecast that provides expert insight and analysis on various risks for businesses and organizations in… Continue reading Crisis24, a GardaWorld Company, Launches Global Risk Forecast 2023: The Intelligence Needed to Inform Risk Management in 2023
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Summary Companies CFO says MercadoLibre is in test phase to process Brazil WhatsApp payments The e-commerce firm to hold its cryptocurrency assets MercadoLibre expects to grow advertising business “multiple times” LONDON, Dec 7 (Reuters) – Latin American e-commerce retailer and fintech firm MercadoLibre (MELI.O) is in talks with Meta (META.O) to process payments for its… Continue reading Gallery
General Dynamics Board Declares Dividend
RESTON, Va., Dec. 7, 2022 /PRNewswire/ — The board of directors of General Dynamics (NYSE: GD) today declared a regular quarterly dividend of $1.26 per share on the company’s common stock, payable February 10, 2023, to shareholders of record on January 20, 2023. General Dynamics is a global aerospace and defense company that offers… Continue reading General Dynamics Board Declares Dividend
Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness in Q4, Driven by the Economy and High Interest Rates; Market Outlook Lowest in Survey History
The 3-month, forward-looking market outlook dropped to a record low, indicating dealers expect a difficult market in months ahead. The economy and interest rates are the top two factors holding back business, putting profits under pressure while costs remain high; meanwhile, limited inventory dropped to third place. Franchised dealers are more pessimistic this quarter about… Continue reading Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness in Q4, Driven by the Economy and High Interest Rates; Market Outlook Lowest in Survey History
Congress axes media revenue sharing bill after pushback from Google and Meta
A US government attempt to compensate publishers for web links has fallen apart, as Congress has cut the Journalism Competition and Preservation Act (JCPA) from the annual national defense spending bill. The measure would have made temporary exceptions to antitrust law letting media outlets negotiate revenue sharing deals, such as receiving a cut of ad… Continue reading Congress axes media revenue sharing bill after pushback from Google and Meta