CarMax Shakes Up Leadership Amid Steep Sales Drop
The nation's largest used car seller, CarMax, is replacing CEO Bill Nash following disappointing financial performance and weak sales forecasts for the third quarter.
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Meta Earns Billions from Scam Ads, Internal Documents Reveal
Leaked documents show Meta made up to 10% of its 2024 revenue — about $16 billion — from scam and banned ads, despite knowing the risks.
Under Armour Cuts Outlook, Faces Tariff Headwinds and Leadership Change
Under Armour (UAA) forecasts lower revenue and profit for fiscal 2026 amid weak demand and rising tariff costs. CFO David Bergman to step down, replaced by Reza Taleghani from Samsonite.
Celsius Holdings Shares Drop 24% Amid Alani Nu Distribution Shift
Celsius Holdings shares plunged as sales may be disrupted by shifting its Alani Nu brand to PepsiCo’s distribution network.
ESPN Switches Betting Partners: DraftKings is In, Penn is Out!
ESPN Bet (Penn) is out due to low popularity. ESPN switches to DraftKings as the exclusive betting partner starting in December.
Datadog Forecasts Strong Q4 Growth on Surging AI and Cloud Demand
Datadog expects fourth-quarter revenue of up to $916 million—above Wall Street forecasts—driven by rising demand for AI-powered cloud security and monitoring tools. Shares jump over 20% in premarket trading.