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CarMax names Barr as next CEO
Goochland County-based CarMax on Thursday named Keith Barr as its next president and CEO, who will take over the helm at the Fortune 500 used car retailer as it navigates a turnaround plan and lower demand.
Wall Street closes mixed after strong US jobs report shifts Fed rate cut outlook
Wall Street ended mixed following a stronger-than-expected US jobs report that tempered expectations for Federal Reserve rate cuts. The Dow and Nasdaq fell slightly while the S&P 500 was flat.
US Federal Reserve reviews flagged bank oversight issues under new standards
The US Federal Reserve is reviewing previously flagged bank shortcomings to align with new supervision standards focused on material financial risks under Vice Chair Michelle Bowman.
Crypto lender BlockFills halts withdrawals amid bitcoin price drop
Crypto lender BlockFills suspends withdrawals due to bitcoin price decline, impacting liquidity and client operations. The pause is temporary as the firm works to restore stability.
Activist investor Ancora opposes Netflix-Warner Bros deal, backs Paramount bid
Activist investor Ancora Holdings opposes Netflix's acquisition of Warner Bros Discovery, supporting Paramount's higher-value bid amid regulatory concerns.
US economists predict Fed rate hold through May, June cut under Warsh
The Federal Reserve is expected to hold interest rates steady through May, with economists forecasting a cut in June under new chair Kevin Warsh, who may adopt looser policy.
US job growth rises in January as unemployment falls to 4.3 percent
U.S. job growth accelerated in January with nonfarm payrolls increasing by 130,000 and unemployment rate dropping to 4.3%, indicating labor market stability.
Blackstone boosts stake in AI startup Anthropic to about $1B, source says
Blackstone is boosting its investment in Anthropic to about $1 billion, valuing the Claude chatbot maker at roughly $350 billion as investor appetite for leading generative AI companies remains strong.
Boeing plans to open fourth 737 production line in midsummer
Boeing plans to open a fourth 737 MAX production line in Everett, Washington, as it ramps up output toward as many as 63 jets a month, signaling a gradual production increase amid strong demand for single-aisle aircraft.
S&P 500, Nasdaq dip with economic data, earnings in focus
Feb 10 (Reuters) – The S&P 500 and the Nasdaq closed lower on Tuesday as investors digested disappointing retail sales figures and waited for a key labor market report. The S&P 500 communication services sector was weighed down by Alphabet shares after Google‘s parent said it sold bonds worth $20 billion. The announcement came as […]
