A CarMax dealership in Santa Rosa, California, on April 11, 2023. Justin Sullivan | Getty Images DETROIT – Shares of CarMax Inc. fell more than 10% during premarket trading Thursday after the used car retailer announced the unexpected departure of CEO Bill Nash. The company said board member David McCreight, a retail clothing executive who…
This may not be an era in which Americans are awash in physical currency fattening their wallets, but we are awash in cash parked inside accounts that have been generating attractive yields thanks to Federal Reserve interest rate hikes to combat inflation. There is a record amount of cash in money market funds, roughly $7.6…
Things have been looking good for small-cap stocks of late. The Russell 2000 on Thursday closed at a record high, topping its previous all-time peak set in 2021. The benchmark is also on pace for its seventh straight week of gains, which would be its longest weekly winning streak since 2020. Traders had been piling…
People walk past an Aritzia store on Fifth Avenue on Black Friday, in New York City on November 29, 2024. Adam Gray | AFP | Getty Images Black Friday is one of the biggest shopping days of the year. But amid concerns about the economy, persistent inflation and President Donald Trump’s latest wave of tariff hikes,…
Drake Lindsey connected with Lameke Brockington for a 20-yard touchdown to give the Minnesota Golden Gophers the lead over the Nebraska Cornhuskers. <
A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Over-inflated home prices, high mortgage rates, rising supply and falling demand are all joining forces to cool the nation’s housing market. Annual home price growth in June was just 1.3%, down…
Shares of global product design and technology company SharkNinja could see even more upside, in part due to Oscar-winning film star Brad Pitt, according to Bank of America. The bank reiterated its buy rating on the name and upped its price target to $130 from $125, which implies more than 23% upside from Tuesday’s closing…
Venezuelan opposition leader Maria Corina Machado arrives at the U.S. Capitol to meet U.S. senators after her meeting with U.S. President Donald Trump at the White House, in Washington, D.C., U.S., Jan. 15, 2026. Elizabeth Frantz | Reuters U.S. President Donald Trump met with Venezuelan opposition leader Maria Corina Machado on Thursday in a high-stakes encounter that could…
U.S. Representative Alexandria Ocasio-Cortez (D-NY), with Rep. Seth Magaziner (D-RI), Rep. Brian Fitzpatrick (R-PA), Rep. Anna Paulina Luna (R-FL) and Representative Chip Roy (R-TX), speaks at a news conference with a bipartisan group of House members to say they are prepared to force a vote on legislation to ban members of Congress and their families…
Investors should buy shares of Madison Square Garden Sports amid projections that the New York Knicks basketball team will grow in value, according to Citigroup Global Markets. The bank reiterated a buy rating Thursday on the owner of the Knicks and the National Hockey League’s New York Rangers. Its $285 price target implies about 25%…
