A sign is posted in front of a CarMax dealership on April 10, 2025 in Santa Rosa, California. Justin Sullivan | Getty Images News | Getty ImagesDETROIT — Shares of CarMax were down by more than 20% in early trading Thursday after the used auto retailer missed Wall Street’s quarterly earnings and revenue expectations.CarMax shares were trading early Thursday under $45 — the stock’s lowest price since March 2020, when the coronavirus pandemic closed down U.S. auto production and many retailers. The stock is down around 46% this year, with a less than $6.7 billion market cap. The company’s results included earnings…
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It was sunny days for Oracle earlier this month after the company issued a massive cloud revenue growth forecast. Now, investors are getting worried. Oracle shares have fallen for two straight days on worries that the artificial intelligence trade may be running out of steam. Sky-high valuations and potentially risky circular relationships in the industry have also raised flags for investors. The stock has fallen 6% over the past two sessions, putting it in correction territory — down 10% from an all-time high reached Sept. 10. Shares were down again on Thursday. To be sure, this could just be a…
A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesSales of previously owned homes were essentially flat in August, coming in 4 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. That is a 0.2% drop from July and an increase of 1.8% from August of last year. Sales were strongest in the Midwest and weakest in the Northeast.This count is based on closings, so people signing their deals in June and July, when mortgage rates were about 50 basis…
A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021.Matt May | Bloomberg | Getty ImagesU.S. startup airline Breeze Airways is planning to fly internationally for the first time early next year, aiming to win over sun-seeking travelers as the carrier enters its fifth year of flying.The airline’s host of seasonal service kicks off on Jan. 10 with a Saturday-only route between Norfolk, Virginia, and Cancun, Mexico, followed by roundtrips between Charleston, South Carolina, and Cancun on Jan. 17, also only on Saturdays.Other routes include Saturday service to Cancun starting from New…
Databricks co-founder and CEO Ali Ghodsi.DatabricksOpenAI and Databricks are two of the most highly valued tech startups on the planet. Now they’re working together.Databricks, a data analytics software vendor, said Thursday that it has committed to spending $100 million over multiple years with OpenAI. Databricks is making it easier for customers to connect their data stored in its cloud service with GPT-5, announced in August, and other OpenAI models.OpenAI, which was recently valued by private investors at $500 billion, has become a household name in the years since the launch of its ChatGPT in late 2022. In partnering with Databricks,…
In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.”Starbucks executives had previously said that the company would be slowing new openings in favor of remodeling existing locations this year. The renovated cafes are meant to encourage customers to linger, taking the coffee chain back to its roots as a “third place” for consumers, outside of home and the office.Following Thursday’s announcement, share of Starbucks were roughly flat…
Check out the companies making the biggest moves in premarket trading: Oracle — The database software company fell 3% as worries around the AI trade continue to drag the stock lower. Rothschild & Co Redburn initiated coverage of Oracle with a sell rating, saying the market is “materially” overestimating Oracle’s contracted cloud revenues. It sees a 40% drop ahead for the stock. Intel — Shares moved 2% higher following a Bloomberg report that Intel has approached Apple about investing in the chipmaker. Talks are in the early stages, the report said, citing sources. Transocean — The stock tumbled 15.7% after…
JIMMY KIMMEL LIVE! “Jimmy Kimmel Live!” airs every weeknight at 11:35 p.m. ET and features a diverse lineup of guests that include celebrities, athletes, musical acts, comedians and human interest subjects, along with comedy bits and a house band. Randy Holmes | Disney General Entertainment Content | Getty ImagesA group of Disney investors is demanding access to company records, alleging that the entertainment giant’s handling of late-night host Jimmy Kimmel’s suspension reflected political pressures rather than the best interests of shareholders.In a letter sent Wednesday to CEO Bob Iger, lawyers representing the American Federation of Teachers, AFL-CIO, a federation of labor…
A sign at a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty ImagesInitial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger.First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the Dow Jones consensus estimate for 235,000, the Labor Department reported Thursday.Continuing claims, which run a…
Former French president Nicolas Sarkozy arrives for the verdict in his trial for illegal campaign financing from Libya for his successful 2007 presidential bid, at the Tribunal de Paris courthouse in Paris, on September 25, 2025. Julien De Rosa | Afp | Getty ImagesFormer French president Nicolas Sarkozy will soon be imprisoned after he was sentenced to five years in jail on Thursday by a court that found him guilty of criminal conspiracy over dealings with Libya, an unprecedented punishment for a leading French political figure.The sentence was harsher than many expected, and a first in modern French political history.…
