CarMax Shares Slide as Used Car Sales Slow and Carvana Gains Ground
CarMax shares drop sharply after weak used car sales, shrinking profits, and rising pressure from fast-growing rival Carvana.
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FTC Investigates Instacart Over AI Pricing Practices
The FTC is investigating Instacart's AI-powered pricing tool after studies showed different shoppers received different prices for identical groceries at the same stores.
Birkenstock Warns of Slower Growth as Tariffs and Dollar Weigh on Margins
Birkenstock forecasts reduced profit margins and slower sales growth for FY2026, citing US tariff pressures and unfavorable currency headwinds despite strong Q4 performance.
Trump Media Merges with Google-Backed Fusion Energy Firm in $6B Deal
Trump Media & Technology Group announces major merger with TAE Technologies to build America's first utility-scale fusion power plant by 2026.
Morgan Stanley Downgrades PayPal, Cuts Target to $51
Morgan Stanley downgraded PayPal to Underweight, citing slow checkout improvements, weak Venmo monetization, and sluggish growth outlook.
Data Centers Drive Electricity Prices to Record Highs in 13-State Region
PJM's electricity auction hits record $333.44/MW-day as data center demand outpaces supply, threatening higher bills for 65 million consumers across 13 states.