The flood of reports from retail companies tells us a lot about consumer spending. Plus the market is once again buying into meme stocks and SPACs. Is this time different?
The Federal Reserve is on the cusp of a significant shift in its monetary policy, with strong indications pointing towards an interest rate cut in September 2025. This widely anticipated move, primarily influenced by a softening labor market and moderating inflation, has sent ripples through financial markets, igniting optimism among
Hertz shares jumped 8.57% after announcing a partnership with Amazon to sell certified pre-owned cars online, expanding their digital reach in the growing used car market.
Shares of online used car dealer Carvana (NYSE: CVNA)
fell 3.8% in the afternoon session after Hertz Global Holdings announced it will begin selling certified used cars on Amazon.com, a move that introduces a significant new competitor into the online vehicle market. The move allows shoppers to browse, finance, and purchase Hertz's pre-owned vehicles through the e-commerce giant's platform, Amazon Autos. This development is viewed as a direct challenge to Carvana's online sales model, raising concerns about increased competition in the digital used car market. Investors appear worried that the partnership between Hertz and Amazon could negatively impact Carvana's sales and market share. Furthermore, the new arrangement could lead to fewer of Hertz's used vehicles being sold through the Carvana platform, directly affecting its inventory and sales channels.
Carvana Co (NYSE:CVNA) shares are trading lower Wednesday after Hertz Global Holdings Inc (NASDAQ:HTZ) announced that it will sell certified used cars on Amazon.com Inc (NASDAQ:AMZN) Autos.
The financial world is abuzz with anticipation as the annual Jackson Hole Economic Symposium draws near, an exclusive gathering hosted by the Federal Reserve Bank of Kansas City in the serene mountains of Wyoming. This highly influential event, bringing together central bank leaders, economists, and financial market participants from across
A number of stocks fell in the afternoon session after investor apprehension intensified ahead of a key policy speech and perplexing inflation signals clouded the economic outlook, leading to a wider market retreat from growth-oriented stocks.
OPEN (NASDAQ:OPEN) stock has achieved a Golden Cross, signaling potential for further upside and is technically bullish on multiple indicators. Leadership shake-up and retail investor buzz add to positive sentiment.
Louis Navellier's growth investing strategy highlights stocks like Carvana (CVNA) with strong earnings momentum, rising sales, and high ROE. Learn how CVNA fits the criteria for potential growth.
Carvana (CVNA) aligns with Mark Minervini's trend-following strategy, showing strong technicals, earnings growth, and bullish momentum. A top pick for high-growth investors.
