Carvana Co (NYSE: CVNA) has had a stunning journey from near bankruptcy all the way up to expectations of more than $1.2 billion in adjusted EBITDA this year. Shares of the online used car retailer are up another 20% this morning after coming in handily above Street estimates for profit…
Root Inc (NASDAQ: ROOT) rallied a whopping 150% after reporting its first-ever net income profitability on the back of massive growth in quarterly revenue on Wednesday. “This is obviously a great milestone for Root. It’s important to note that we recognise this as a milestone, not the finish line,” the…
As Apple Inc. gears up for the critical holiday season, the tech giant faces uncertainty in one of its most important markets — China. While Apple’s latest quarterly earnings revealed overall revenue growth, challenges in China, where revenue fell to $15 billion, remain a concern. The company projects sales growth…
As Diwali celebrations recede, Delhi’s air quality remains in the “very poor” category and is expected to deteriorate further. The pollution crisis has escalated concerns not only for public health but also for India’s economic outlook. On Friday, Delhi residents woke to a thick smog enveloping the city, with pollution…
Long-term investors should consider loading up on shares of Coinbase Global Inc (NASDAQ: COIN) on the post-earnings decline, says Devin Ryan – a JMP Securities analyst. The crypto company lost about 13% today after falling short of earnings estimates and offering muted revenue guidance for its current financial quarter. But…
The International Monetary Fund (IMF) has issued a stark warning about growing economic risks across Asia, pointing to challenges like intensifying trade conflicts, China’s slowing property market, and the potential for global market disruptions. These factors, compounded by regional vulnerabilities, could destabilize the continent’s economic growth, according to the IMF’s…
The city of Istanbul is offering free public transport to unemployed residents registered with local employment centers, benefiting nearly 237,893 individuals in the initial phase. Each eligible job seeker will receive 96 free rides over three months, covering up to four trips daily. This new policy, set to launch by…
Indonesia has imposed a ban on the sale of Alphabet’s Google Pixel smartphones due to non-compliance with the country’s local content regulations, a policy designed to boost domestic manufacturing and create a fair environment for investors. This block on Pixel follows the recent prohibition of Apple’s iPhone 16 sales in…
The Swedish battery maker Northvolt AB, once a rising star in Europe’s green tech scene, has found itself at the center of a historic rise in Swedish bankruptcies. A record 821 companies declared bankruptcy in October, well above the monthly average of 576 over the past decade, according to data…
The UK government’s plan to position itself as a global technology powerhouse is facing headwinds following Finance Minister Rachel Reeves’ recent budget announcement. Reeves outlined significant tax increases, including a capital gains tax (CGT) hike and an employer National Insurance (NI) rise, which could make the business environment more challenging…