Carvana stock surges 30% after it reaches a massive debt reduction deal
Shares of Carvana, the online used-car seller known for its tall, glass car-vending machines, surged by more than 30% in early trading Wednesday after the company reached a debt restructuring agreement.
2023-07-19 22:59
Gucci CEO to step down as parent company chases the global luxury boom
The president and CEO of Gucci will step down later this year as part of a leadership overhaul at its French parent company Kering aimed at capturing more of the booming global market in luxury goods.
2023-07-19 21:57
Biden uses clips of Marjorie Taylor Greene speech for new campaign ad
President Joe Biden on Tuesday posted a campaign ad promoting his legislative wins by using clips from a recent speech GOP Rep. Marjorie Taylor Greene gave at the Turning Point Action Conference where she compared Biden to Franklin D. Roosevelt and Lyndon B. Johnson.
2023-07-19 21:57
Microsoft and Activision extend their deal deadline
Microsoft and Activision have mutually agreed to extend their merger deadline by three months in the face of ongoing negotiations with the UK government that could allow the $69 billion acquisition to close, the two companies announced on Wednesday.
2023-07-19 21:48
Goldman Sachs profits plunge 58% as dealmaking dries up
Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank's business, dry up. The Wall Street titan also felt the pain of a nearly $1 billion reduction in the value of its consumer and real estate businesses.
2023-07-19 21:26
Bank CEOs are already complaining about new regulations they haven't even seen yet
Earnings season is officially underway, which means the CEOs of America's largest banks get to update the public about the health of their firms and their economic outlooks.
2023-07-19 20:23
Amazon is inundated with shoppers desperately trying to cool off
Consumers are snapping up air conditioners, ice makers, pool floats and other goods to help them cool down in response to a brutal heat wave in the United States.
2023-07-19 19:23
Gucci's CEO is stepping down as its French parent shakes up leadership
The president and CEO of Gucci is stepping down later this year
2023-07-19 19:19
Edmunds compares: Kia Telluride and Mazda CX-90
The Kia Telluride has become a hit in the SUV space
2023-07-19 18:52
Biden administration unveils draft changes to US merger review guidelines
The Justice Department and the Federal Trade Commission on Wednesday released a set of long-anticipated draft updates to the nation's merger guidelines, introducing potentially comprehensive changes to the way the US government reviews mergers and acquisitions for the first time in more than a decade.
2023-07-19 17:20
Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations
Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu
2023-07-19 16:56
A 16-year-old has died at a Mississippi poultry processing plant, county coroner says
A 16-year-old employee died Friday at a Mississippi chicken processing plant, a county official said. Mar-Jac Poultry said the teen died from injuries suffered in what it described as an "accident" in an emailed statement to CNN.
2023-07-19 09:52