Shares of Carvana (NYSE: CVNA) were falling again today, even though there was no company-specific news out on the online used car dealer. Instead, a stronger-than-expected jobs report sparked a sell-off as it convinced investors that the Federal Reserve was more likely to keep raising interest rates. Carvana, which is bleeding cash and especially sensitive to interest rates, took the news worse than most.
Lockheed Martin Corp and RTX Corp, fresh off a surge of orders in response to Russian aggression against Ukraine and the war in Gaza, stand to profit from $95 billion of mostly new weapons funding as the increasingly drawn out conflicts renew demand for pricey equipment. On Wednesday, President Joe Biden signed a hard-fought bill into law that provides billions of dollars of new U.S. aid to Ukraine for its war with Russia, including $61 billion for Ukraine and $26 billion for Israel. "There are now factories breaking ground around the country," because of the new funding and several recent "supplemental" funding rounds, said the Pentagon's acquisitions chief Bill LaPlante on Wednesday.
A court in Turkey sentenced nine rail officials to more than 108 years' imprisonment over a crash six years ago that killed 25 people, local media reported on Thursday. A passenger train operated by Turkish State Railways derailed in July 2018 as it passed through Corlu district some 110 kilometers (68 miles) west of Istanbul. The train was traveling from Unlukopru, near the Greek border, to Istanbul’s Halkali station, Turkey’s main rail route to Europe.
It follows the government's decision to scrap key climate targets and its response to a review into gender services.
Climate-focused investor Decarbonization Partners, a tie-up between BlackRock and Singaporean state investment firm Temasek, said on Thursday it had raised a higher-than-targeted $1.4 billion for its first fund. Others to back the venture and late-stage growth equity fund, which will focus on companies that can help accelerate the transition to a low-carbon economy, include U.S. insurer Allstate, Spanish lender BBVA and energy firm TotalEnergies. In total, more than 30 institutional investors from 18 countries invested in the fund, the firm said in a statement, including public and private pension funds, sovereign wealth funds and family offices, helping it pass a $1 billion target.
Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the portfolio gained +8.5% on a net basis, well above R2000V’s advance of +2.9% and above R2500V’s rise of +6.1%. The largest contribution to the […]
Supermodel Christy Turlington has revealed her son's rival basketball team heckled him by sharing one of her nude photos.
I’m not surprised to see this dress is currently trending as an M&S best-seller. I’d grab it whilst you can as it will certainly put a spring in your step!
A group of knitters have been forced to cover up five naked Morris Dancer dolls on display in their club window following complaints.
The 2024 NFL Draft begins Thursday night with its first round. Here is the full order of all 32 first-round picks heading into draft night.
Coventry City manager Mark Robins says their FA Cup run is not the only reason why they are going to miss out on a Championship play-off spot.
The Army named four animals who broke loose on Wednesday: Vida, Trojan, Quaker and Tennyson.
The Washington Commanders will add a top quarterback in the draft class to the roster, but who? Here's who NFL experts say they'll select.
Some sections of the UK edition of the book, released on Thursday, have been redacted.
Liverpool captain Virgil van Dijk says prospective new Reds manager Arne Slot's playing philosophy could be suited to the Anfield club.
Only a third of Tory voters believe Rishi Sunak’s Rwanda deportation plan will succeed in stopping migrants crossing the Channel, a poll has revealed.
At Manzanar, there's a movement to honor the legacy of Japanese Americans who played baseball in internment camps.
Missiles secretly delivered this month have been used to strike Russian targets in Crimea, US media say.
The conservative icon named and shamed the "cabal of grotesques" in the Republican party.
There's no mystery about the No. 1 pick for the Bears in the 2024 NFL draft. Real intrigue for Chicago is at No. 9, with a star WR possibly in play.
Constellation Brands ( NYSE:STZ ) Full Year 2024 Results Key Financial Results Revenue: US$9.96b (up 5.4% from FY...
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