Americans increasingly upside down on auto loans as used car values fall
As used car prices gradually edge down, more Americans are underwater on their auto loans and the average amount consumers are upside down is at a record high, a new report found.
Carvana allegedly leaving car buyers on the hook after selling cars without title
Some buyers have claimed to have waited about a year for the title, well over the 30 days allowed by law in some states for a company to provide the documents
Mortgage lenders see increase in applications from week earlier before ‘rates go even higher’
Mortgage lenders in the US saw a 12% increase in applications from a week earlier — with the average contract interest rate for 30-year fixed mortgages increasing to 3.86% from 3.69%, according to the Mortgage Bankers Association.
Coal shortages push up prices, weigh on economies
Coal supply shortages are pushing prices for the fuel to record highs and laying bare the challenges to weaning the global economy off one of its most important—and polluting—energy sources.
AutoNation CEO set to retire after 22 years
AutoNation CEO Mike Jackson will retire after 22 years, the company announced on Tuesday.
How much more will your Oreos cost? Companies test price increases
American companies are starting to test the extent of their pricing power.
Car demand to remain strong into next year: AutoNation CEO
Strong demand for automobiles is showing no sign of slowing, according to AutoNation CEO Mike Jackson.
Blue Origin spaceflight, Bitcoin, Elon Musk's Tesla-SolarCity trial top week ahead
Investors will take in a wave of earnings this week from big names including IBM, Netflix, Chipotle Mexican Grill, Coca-Cola, Twitter, American Express, American Airlines, Southwest Airlines, AT&T, Intel, Snap, Verizon and Domino's Pizza.
AutoNation's new Texas store kicks off national expansion
According to the automotive retailer, AutoNation USA San Antonio is one of five new stores that will open in 2021. Meanwhile, an additional 12 AutoNation USA stores will open in 2022. The company is aiming to have a total of 130 AutoNation USA stores open across the country by the end of 2026.
Melinda Gates divorce payday nears $2.4B after Coca-Cola FEMSA transfer
Melinda Gates now has a larger stake in two Mexican bellwethers.