Carvana shares were soaring early Thursday after the online car seller posted blowout first-quarter financial results, while promising even better results ahead. In premarket trading Thursday, Carvana shares were jumping 37% to $119.60. For the quarter, Carvana reported revenue of $3.06 billion, up 17% from the year-earlier quarter, and well ahead of the Street consensus as tracked by FactSet of $2.67 billion.
* Petrobras slumps after its CEO to step down * Peruvian economy contracts in March * Colombia Grupo Aval's profits fall 73% in Q1 * Latam stocks edge up 0.1%, FX up 0.3% (Updated at 1916 GMT) By Shashwat Chauhan and Johann M Cherian May 15 (Reuters) - The pesos of Mexico and Chile led Latin American currencies higher on Wednesday, as the dollar slid after a softer-than-expected U.S. inflation report, while worries about state-run oil giant Petrobras weighed on Brazilian equity markets. MSCI's index for Latin American currencies rose 0.3% against the dollar which dropped to month-ago levels after data showed April U.S. consumer prices rose less than expected, reinforcing expectations that the Federal Reserve will cut interest rates in September.
FDIC Chair Martin Gruenberg rebuffed calls to resign during a heated House hearing Wednesday, as he pledged to fix a toxic workplace culture while his agency prepares an overhaul of how banks are regulated.
The actress and son Liam Dunaway O'Neill smiled on the red carpet together at the Cannes Film Festival
WORCESTER, Mass., May 15, 2024--Worcester Polytechnic Institute (WPI) researcher Natalie Farny is launching a $1.2 million, five-year project that could advance the use of bacteria for environmental cleanups by determining how a critical biological process regulates genes in bacteria as they adapt to conditions outside of laboratories.
Giuliani says ‘one constant thing’ in his life has been ‘a good cup of coffee, which is now proven to have health benefits’
Bridgewater Associates piled into six of the so-called Magnificent Seven megacap U.S. stocks in the first quarter, making an $800 million bet on Google-parent Alphabet while avoiding struggling shares of electric car-maker Tesla, securities filings showed. The hedge fund founded by legendary investor Ray Dalio ended March with 5.4 million shares of Alphabet worth $810.3 million at the end of the first quarter, more than doubling its stake in the company since December.
Morgan’s interview with Harvey has faced heavy criticism as ‘Baby Reindeer’ creator Richard Gadd said his real stalker was ‘mentally unwell’
With hush money trial on recess for today, attention turns to 2024 campaign debates
Walt Disney will cut its investment in programming for traditional television networks pretty dramatically as the company navigates the consumer shift to streaming, Chief Executive Bob Iger said on Wednesday. Iger said linear channels such as ABC still serve as an important marketing tool and reach older viewers who are not watching series such as "Abbott Elementary" on Disney's streaming platforms. Still, the goal is to "reduce pretty dramatically our investment in content specifically aimed at those traditional networks," Iger said at the MoffettNathanson’s 2024 Media, Internet and Communications Conference in New York.
Former first lady has beene more instrumental to her husband’s political operations than has previously been understood – at least, if Michael Cohen is to be believed
Elizabeth Paige Brown, her fiancé Jackson Lee Weissner and Travis Lee Weissner, 7, were identified as victims of the Tennessee fire
"The fit check literally saved me!" Sara Plowman tells PEOPLE
Netflix may be a new-tech company, but it approached advertisers Wednesday with old-school TV talk: The company aims to make dozens of shows and movies that people like to watch and talk about. During an upfront presentation, executives from the streaming giant showcased a msssuve pipeline of content that included two Christmas Day games from …
The company said Glass Lewis is a member of the Interfaith Center on Corporate Responsibility (ICCR), which "has led the media opposition to ExxonMobil's decision to seek declaratory relief in court" related to a lawsuit. The lawsuit filed earlier this year is related to Exxon seeking to block a vote on a climate proposal submitted by two small activist investors, including Arjuna Capital, which is a member of the ICCR.
Business Awards UK has announced the winners and finalists of the 2024 Clean Energy Awards, recognizing outstanding achievements in clean energyHALIFAX, United Kingdom, May 15, 2024 (GLOBE NEWSWIRE) -- Business Awards UK is delighted to announce the winners and finalists of the 2024 Clean Energy Awards, recognising outstanding achievements and dedication in the field of clean energy. This year's awards spotlight the companies and individuals who have excelled in advancing sustainable energy prac
The Slovak prime minister has been taken by helicopter to a hospital in Bratislava
Hundreds of tonnes of aid is in Cyprus, where it will be loaded on to ships for delivery to the pier.
The United States stock market has shown robust performance recently, with a 1.0% increase over the past week and a significant 27% rise over the last year. In this thriving economic environment, stocks with high insider ownership can be particularly appealing as they often indicate strong confidence from those who know the company best.
Jasin BolandYou don't go to a George Miller movie for the expected. The Australian director is a master of the bizarre, and has spent his career making images that seem to come out of the deepest recesses of the human consciousness.In 2015, Miller did what many thought was unimaginable. He released Mad Max: Fury Road, his long-awaited, long-troubled continuation of the Mad Max series which he began in 1979. Fury Road defied all expectations with its wondrous symphony of action. But it also diver
5/5 Director George Miller unleashes carnage at every turn in this origin story for Charlize Theron’s one-armed warrior
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