Author: Press Room

In mid-afternoon trading, Carvana, best known for its auto vending machine concept, stands at about $4.60 a share, up on the day but down more than 40% from a week ago.Used car prices have been falling from record highs in recent months as higher interest rates have made used cars unaffordable for many potential buyers. Carvana (CVNA), a relatively new player in the used car field, has lost money most quarters since it went public in 2017 as it aimed for sales growth a rather than short-term profitability. But its losses have widened amid the recent downturn in the sector.…

Russia’s Wagner Group, a private military mercenary force, has seen each of its fighters reportedly burn an average of 2,000 rounds of ammunition per day in an attempt to fight off a fierce Ukrainian counteroffensive.Wagner Group fighters attempting to hold onto gains in Ukraine’s Donbas region have faced an onslaught of attacks by Ukrainian forces looking to take back lost grounds, and heavy fighting is depleting ammunition at an alarming rate, according to an Institute for the Study of War analysis released Wednesday.The U.S.-based think tank’s report detailed the fighting around the city of Bakhmut, with Ukrainian forces attempting to…

Numis warned bonuses would be lower for its staff this year after a sharp decline in IPOs, equity raisings and other capital market activity.The UK corporate broker said UK investor sentiment would remain weak into 2023, as it posted a more than 70 per cent drop in full-year pre-tax profit.The slump followed a similar warning from rival Peel Hunt, which last week said activity had fallen to a “multi-decade low”, all but wiping out its pre-tax profits in the six months to September.Brokers and investment banks have taken a hit as a result of the slowdown in equity-raising activity and…

On December 3, Nayib Bukele, the president of El Salvador who is also a Bitcoin influencer and the self-dubbed “coolest dictator in the world”, took to his favourite platform for governance, Twitter, to announce that 10,000 soldiers had surrounded the Salvadoran municipality of Soyapango. According to the tweet, which came accompanied by a video set to dramatic music, “extraction teams” from the police and army had been tasked with removing gang members from the area “one by one”. The following day, Bukele tweeted another annoying video to accompany the news that “more than 140 gang members” had already been arrested in Soyapango,…

Washington CNN  —  The Biden administration awarded $36 billion Thursday to prevent cuts to the pensions of roughly 357,000 union workers and retirees. It’s the largest federal award of its kind, according to the White House. The funding comes from the American Rescue Plan, a federal pandemic aid package passed by Congress in 2021 that allowed some struggling multiemployer pension plans to apply for financial assistance. The money announced Thursday goes to the Central States Pension Fund, which has been struggling financially for many years. The private pension fund covers workers and retirees from more than 1,000 companies across a…

Deion Sanders has landed his first FBS coaching position, and he’s building a staff with experience coaching under the greatest coach in college football history.Sanders hired Alabama associate defensive coordinator and safeties coach Charles Kelly to be the defensive coordinator at Colorado, according to ESPN. Kelly joined Nick Saban’s staff in 2019 after one season as special teams coordinator and safeties coach at Tennessee. He was Florida State’s defensive coordinator under Jimbo Fisher for four seasons, with his 2017 defense ranked No. 18 in the country. KENT STATE HEAD COACH JOINING DEION SANDERS’ STAFF AS OFFENSIVE COORDINATOR: REPORTColorado’s defense was atrocious…

The Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history. The administrative complaint filed Thursday by the FTC alleges that the blockbuster deal, which would make Microsoft the third-largest video game publisher in the world, would give Microsoft “both the means and motive to harm competition” — claiming it could negatively affect prices of video games as well as game quality and player experiences on consoles and gaming services, according to an agency release. “We continue to believe that this deal will expand competition and…

Many people struggle to sleep through the night due to congestion, coughing, sneezing and other allergy-like symptoms. You might even find yourself waking up with a stuffy nose and sore throat.Chronic nasal congestion is a common problem affecting almost one in four Americans, a recent survey found. Over half of these people, 60%, reported that it affects their ability to get a good night’s sleep.So, what causes so many people to experience these symptoms at night and in the morning? One corner of TikTok is peddling the notion that it’s an allergy to dust mites. Products you can purchase to…

CNN  —  WNBA star Brittney Griner on Thursday was freed from Russian detention after a prisoner exchange for convicted arms dealer Viktor Bout. Griner, a championship-winning player with the WNBA’s Phoenix Mercury who for years played for a Russian basketball team in the WNBA’s off-seasons, had been held in the country since February after she was arrested on drug possession charges at a Moscow airport. Her release comes nearly eight months after Trevor Reed, a former US Marine who had been detained in Russia since 2019, was released during a prisoner swap for Russian citizen Konstantin Yaroshenko. The Biden administration…

The Defense Department has named Amazon, Google, Microsoft and Oracle as the winners of a multibillion-dollar cloud computing contract whose predecessor the Pentagon had to cancel amid Amazon’s allegations that then-President Donald Trump had interfered in the award process. The contracts announced Wednesday evening for the Joint Warfighting Cloud Capability (JWCC) call for providing the military with “globally available cloud services across all security domains and classification levels, from the strategic level to the tactical edge,” through mid-2028. The multiple winners are eligible to receive a combined total of up to $9 billion under the program. Each of the four…