Skyrocketing vehicle prices have hard-hit consumers and the situation will only get worse in the near term for car retailers like CarMax.
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JPMorgan downgrades CarMax, saying ‘sticker shock’ will continue to hurt sales
Business
Home Depot cuts earnings outlook as home improvement demand falls short of expectations
Home Depot on Tuesday cut its full-year profit forecast and missed Wall Street’s earnings expectations for the third straight quarter as it saw weaker home improvement demand, tepid consumer spending and lower than usual storm activity. The retailer said it now expects full-year sales will climb about 3% and comparable sales, which take out the […]
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Business
E.W. Scripps stock surges 40% after Sinclair takes stake, pushes for a merger
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S. Andrew Harrer | Bloomberg | Getty Images Sinclair disclosed a stake in fellow broadcast station owner E.W. Scripps on Monday, in a move to push toward a merger of the companies. Sinclair, which acquired a roughly 8% position in Scripps, per […]
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Business
Jeep eyes U.S. comeback following yearslong sales troubles
2025 Jeep Cherokee SUV Stellantis AUBURN HILLS, Mich. — Jeep is betting Americans still love a good comeback story. It’s a mantra that’s reverberating through the quintessential SUV brand — from its CEO to a marketing campaign with LL Cool J — following yearslong sales and market share declines that have taken a toll on […]
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