A view of a CarMax dealership on April 10, 2025, in Santa Rosa, California. Justin Sullivan | Getty Images Shares of CarMax fell 9% Wednesday after the company beat Wall Street’s quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company. Here’s how the company performed in its first fiscal…
The United States plans to significantly reduce the aircraft and warships it makes available for NATO operations in Europe, the New York Times reported on Friday, citing two senior European officials. The decision would limit NATO’s ability to launch long-range strikes and conduct surveillance, the report said. The U.S. plan includes cutting the number of…
The British energy giant Shell reported robust profits following the surge in oil prices prompted by the U.S.-Israel war with Iran. The company, based in London, said Thursday that its adjusted profit soared 24 percent, to $6.92 billion, in the first three months of the year from the same time last year, higher than analysts…
Josh D’Amaro, chairman of Disney Experiences, speaks during the grand opening ceremony of Shanghai Disney Resort’s Zootopia-themed land on December 19, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Disney will release its fiscal second-quarter results before the bell Wednesday. It will mark the first earnings call led by Josh D’Amaro…
Four U.S. senators sent letters grilling the nation’s major credit bureaus on Thursday after a ProPublica investigation showed two of the bureaus were fixing fewer consumers’ credit reports. The letters came in response to a ProPublica investigation from March, which found that two of the three major credit bureaus — TransUnion and Experian — had…
Officials say pirates have become emboldened as naval forces patrolling the Red Sea area are distracted by the blockade of the Strait of Hormuz and civilian maritime routes diverted. Published On 2 May 20262 May 2026 Yemen’s Coast Guard has said that it is attempting to recover an oil tanker that was hijacked off the…
Investing.com — said on Friday that underlying group sales rose 4% in the first quarter, and reaffirmed its full-year guidance. The British education company said all of its business units performed in line with expectations. Pearson highlighted strong performance in Virtual Learning, where underlying sales jumped 21%, driven by strong enrolment momentum in the current academic year,…
Apple on Thursday officially introduced its incoming chief executive, John Ternus, to the public. “We have an incredible road map ahead,” Mr. Ternus said in a call with analysts and investors after the company reported quarterly financial results. The remarks were the first public comments from Mr. Ternus since he was named last week as…
Ford Motor reported a rebound in profit in the first three months of the year, thanks in part to an expected $1.3 billion refund of federal import tariffs that were struck down by the Supreme Court. The company said it earned $2.5 billion in the first quarter, up from $500 million a year earlier, while…
Despite growing concerns that the war with Iran and the surge in gas prices could cool consumer spending, Starbucks said on Tuesday that so far it had not seen any signs of that happening. “We haven’t seen a lot of the macro effects trickle into consumer behavior as it relates to Starbucks,” Brian Niccol, the…
