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Carvana’s record quarterly results top Wall Street expectations

Carvana’s record quarterly results top Wall Street expectations

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

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

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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Alphabet shares sink 8% after Apple’s Cue says AI will replace search engines

Alphabet shares sink 8% after Apple’s Cue says AI will replace search engines

Eddy Cue, senior vice president of internet software and services at Apple Inc., speaks during a keynote session at the South By Southwest (SXSW) conference in Austin, Texas, U.S., on Monday, March 12, 2018. David Paul Morris | Bloomberg | Getty Images Alphabet and Apple shares sank Wednesday after Eddy Cue, Apple’s services chief, said

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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

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

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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