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Carvana falls as rising rates, inflation cut used car sales

Today News || DETROIT — Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company’s struggles…

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Starbucks reports record Q4 revenue despite China declines

Today News || Pumpkin spice pumped up Starbucks‘ sales in its fiscal fourth quarter, and the company said it’s confident…

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Business

Tesla sales bounce back in Q3 but fall short of estimates

Today News || AUSTIN, Texas — Tesla’s sales rose 35% in the July-September period compared to the second quarter as…

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Burger King investing $400m in U.S. revamp to boost sales

Today News || Burger King plans to invest $400 million in its U.S. restaurants over the next two years to…

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P&G’s sales climb in Q4, but cautious on fiscal 2023 outlook

Today News || Procter & Gamble’s sales rose 3% in the fiscal fourth quarter, but the world’s largest consumer products…

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McDonald’s posts lower Q2 revenue, charges weigh down profit

Today News || McDonald’s revenue fell short of expectations in the second quarter as coronavirus restrictions shuttered stores in China…

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Home Depot overcomes slow start to year, rising home prices

Today News || Home Depot’s fiscal first-quarter sales improved even as the chain faced a slower start to spring, and…

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Beyond Meat shares tumble on disappointing Q1

Today News || Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and…

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U.S. auto sales fall in Q1 as chip shortage slows factories

Today News || U.S. new-vehicle sales fell about 12% in the first quarter compared with a year ago, as the…

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Business

January retail sales surge 3.8% as threat of omicron fades

Today News || Americans picked up the spending pace in January as the threat of omicron faded and there was…

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