Earnings

Carvana Faces Cash Crunch From High Debt, Rising Interest Rates

Carvana Co. CVNA -3.13% the used-car dealer that was a pandemic winner, is rushing to conserve cash as once-plentiful financing options dry up and business deteriorates. On Friday, Carvana laid off about 1,500 people, its second round in six months. Its weakening finances mean raising funds would be difficult and costly, and it could run …

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How Qatar Dropped the Beer at the World Cup

DOHA, Qatar—When Qatar made its unlikely pitch to host the World Cup in a tiny Muslim Gulf state, officials laid out their plan in extraordinary detail, including climate-controlled stadiums and elaborate transportation networks. However, according to people familiar with the bid, Qatar remained intentionally vague about how it would handle one aspect of the world’s …

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Stock futures fall as investors weigh currents of recent earnings

Stock futures fell Thursday as investors responded to the latest batch of quarterly results and awaited a slew of Federal Reserve speakers. Futures tied to the Dow Jones Industrial Average dipped 260 points, or 0.8%. S&P 500 futures slipped 0.9%, while Nasdaq 100 futures also fell 0.9%. Retailer Bath & Body Works jumped more than …

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Opinion: This record number in Nvidia earnings is a scary sight

Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t …

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Hasbro, Oatly, Advanced Micro Devices and more

Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – The toy maker’s stock slid 5.2% in the premarket following a double-downgrade to “underperform” from “buy” at Bank of America. The move comes after BofA conducted what it calls a “deep dive” on Hasbro’s “Magic: The Gathering” trading card game …

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Retailers’ biggest holiday wish is to get rid of all that excess inventory

A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images As some of the nation’s largest retailers report quarterly and revenue this week, Wall Street will pay close attention to another number, too — inventory levels. Walmart Target, Gap, Kohl’s and …

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Disney Details Plans for Cost Cuts, Layoffs and Hiring Freeze in Memo

Walt Disney Co. DIS 5.03% Chief Executive Bob Chapek announced Friday companywide cost-cutting measures and told division leaders that layoffs are likely, according to an internal memo viewed by The Wall Street Journal. The austerity measures, which include a ban on all but essential work travel and a freeze on new hires for all but …

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Disney plans job cuts and hiring freeze, CEO Bob Chapek says in memo

Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring freeze,” CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. “Hiring for the small subset of the …

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