The auto company accelerated growth “at precisely the wrong time,” said analysts.
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Morgan Stanley downgrades Carvana, cuts price target by 70% as car seller faces serious challenges
Business
American Airlines to fly to Venezuela for first time since 2019, marking return of U.S. service
An American Airlines airplane arrives at Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida. Ronen Tivony | Nurphoto | Getty Images American Airlines is planning to resume service to Venezuela from the United States for the first time since 2019, weeks after the U.S. captured Venezuela’s president. American would be the first U.S. carrier to […]
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Business
Starbucks to reintroduce tiers to loyalty program to encourage more visits
Starbucks is reintroducing tiers to its North American loyalty program in a bid to encourage coffee drinkers to visit more frequently as part of its broader turnaround strategy. The company made the announcement on Thursday at its investor day. Executives across the business are sharing more details on the company’s plans to drive future sales […]
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Business
Comcast posts mixed quarter as broadband pressures weigh on business
Comcast posted mixed results for its fourth quarter on Thursday, beating analyst expectations on earnings but slightly missing on revenue. Once again, Comcast’s broadband business showed signs of significant competition facing cable companies. Comcast said it lost 181,000 domestic broadband customers during the period, although it said the losses were offset by an increase in […]
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