Check out the companies making headlines in midday trading Thursday. Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from […]
CNBC’s Jim Cramer said Wednesday that while the hot consumer price index suggests the Federal Reserve is losing in its struggle against inflation, the dismal performance of stocks, particularly in the Russell 1000, offers a different view. “When I talk about the Fed winning or losing the fight against inflation, I mean the fight to […]
Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers — roughly 12% of its workforce — as it tries to bring staffing and expenses in line with sales ByAssociated Press May 10, 2022, 10:19 PM • 1 minute read Share to FacebookShare to TwitterEmail this article DETROIT — Online automotive retailer Carvana […]
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 […]