caravan – Jahanagahi

Stock Turmoil Spreads to Junk Bonds, Hurts Deals

Shock waves from the stock market’s declines are spreading into junk bonds, sending prices tumbling and forcing some companies to cancel new deals. Average prices of US high-yield bonds fell to around 91 cents on the dollar Monday, the lowest level since May of 2020 when pandemic shutdowns slammed the global economy, according to data […]


Carvana Lays Off Thousands on Same Day It Buys Auction House

photo: Getty Images (Getty Images) Carvana, the used car dealer founded a decade ago whose meteor growth was met with a fair number of problemssaid Tuesday that it would lay off 2,500 employees, with executives going unpaid for the rest of 2022. In a filing with the Securities and Exchange CommissionCarvana called the move a […]