Pre-owned vehicles retailer CarMax missed analysts’ estimates for fourth-quarter results and delayed a long-term financial target on Thursday, sending its shares down as much as 13% in premarket trading.
Tesla investor KLP may ask the automaker’s annual general meeting to address CEO Elon Musk’s reluctance to engage in collective bargaining, the Norwegian pension fund said on Thursday.
Amazon.com CEO Andy Jassy said the e-commerce firm sees opportunity to reduce costs in its fulfillment network, after trimming staff in a number of divisions over the recent months.
U.S. stock index futures slipped on Thursday as Treasury yields remained elevated a day after a hot inflation reading triggered a bruising Wall Street sell-off, diminishing hopes of a June rate cut by the Federal Reserve.
The World Bank and six other multilateral banks have made good progress in integrating global challenges like climate change into their agendas, but most have miles to go in implementing other needed reforms, a tool tracking the reforms shows.
The mastermind of Vietnam’s largest-ever financial fraud, Van Thinh Phat Holdings Group Chairwoman Truong My Lan, was sentenced to death on Thursday after a month-long trial.
President Joe Biden’s administration is offering farmers money for adopting practices that store carbon in the soil to fight climate change, but Reuters interviews with soil science experts and a review of U.S. Department of Agriculture research indicate doubt that the approach will be effective.
China Vanke’s shares and dollar bonds dropped on Thursday after S&P stripped its investment-grade status and the developer confirmed reports that an executive was being investigated, adding to woes for the embattled property sector.
