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Carvana’s record quarterly results top Wall Street expectations

Carvana’s record quarterly results top Wall Street expectations

Business News

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Brandon Bell | Getty Images DETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs. Carvana CEO and co-founder Ernie […]

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March Madness drags down Flutter first-quarter results

March Madness drags down Flutter first-quarter results

Business News

Flutter CEO Peter Jackson told CNBC customer-friendly results in the NCAA’s college basketball tournament weighed on overall first-quarter results for FanDuel’s parent company.  The global sports and online gambling platform reported first-quarter adjusted earnings per share of $1.59, missing Wall Street consensus of $1.89 per share, according to LSEG. Revenue for the period also missed

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Netflix unveils revamped homepage and app with OpenAI-powered search tool

Netflix unveils revamped homepage and app with OpenAI-powered search tool

Business News

Netflix launching an innovative new TV experience featuring enhanced design, responsive recommendations and a new way to search. Courtesy: Netflix Netflix unveiled a redesigned homepage experience on Wednesday with the aim of making searching for shows and movies easier for its members. The user experience revamp goes beyond the TV screen. Netflix is also making

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Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Used vehicle pricing barometer jumps to highest level since 2023 amid auto tariffs

Business News

A Ford mustang is seen at a used car dealership in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images DETROIT — A closely watched barometer for used vehicle pricing jumped last month to its highest level since October 2023 as consumers rushed purchases amid fears of price hikes due

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Disney reports surprise uptick in streaming subscribers, beats on top and bottom lines

Disney reports surprise uptick in streaming subscribers, beats on top and bottom lines

Business News

Disney posted fiscal second-quarter earnings Wednesday that beat on the top and bottom lines, boosted by better-than-expected subscriber growth for its Disney+ streaming platform.  The company upped some of its fiscal 2025 guidance and posted revenue growth in all three of its business segments. It separately announced a new theme park and resort in Abu

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Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures

Business News

Workers assemble second-generation R1 vehicles at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  Joel Angel Juarez | Reuters Rivian Automotive is negatively adjusting its 2025 targets for vehicle deliveries and capital spending amid President Donald Trump’s tariffs, but the company is also reconfirming its earnings expectations for the year.

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Comcast’s Xfinity Mobile takes over naming rights of Philadelphia arena

Comcast’s Xfinity Mobile takes over naming rights of Philadelphia arena

Business News

Igor Golovniov | Lightrocket | Getty Images The Philadelphia home of the NBA’s 76ers and NHL’s Flyers is getting a new name. Beginning in September the sports and entertainment venue in South Philadelphia will be named the Xfinity Mobile Arena, rebranding from the current Wells Fargo Center. The new name will remain through the 2030-2031

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Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

Luxury carmaker Ferrari warns of U.S. tariff risks after 17% jump in first-quarter profit

Business News

The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing

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Mattel CEO says toy manufacturing won’t come to America, but price hikes will

Mattel CEO says toy manufacturing won’t come to America, but price hikes will

Business News

One of the goals of President Donald Trump’s 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys. “We don’t see that happening,” Mattel CEO Ynon Kreiz said on CNBC’s “Squawk Box” Tuesday, less than a day after the company

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