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☆ 9 questions you should always ask when buying a car
▼ + stars: | 2023-03-15 | by ( Alexa St. John | ) www.businessinsider.com time to read: +9 min

Many of the car brands with more inventory on lots than others might also have higher loan payments. "The role of a dealer isn't just to sell them a car, it's to help them find the lowest interest rate possible, and that's both new car dealers and used car dealers. "Even based on the specific car, one bank may provide a lower interest rate on a specific sort of make and model." The used car market might be even more complicated for car shoppers than the new market right now. As a result, far fewer car shoppers have opted to lease a car in recent years.

☆ Automakers abandoned the 'starter car' — and it's raising prices for everyone
▼ + stars: | 2023-03-07 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Many car companies are prioritizing high-profit vehicles over starter cars. Though those figures are averages, it's clear that lower-end vehicles are more costly than they used to be — a direction automakers have been moving in for years. "There is definitely a void happening in the market for those vehicles," Kunes added. What car buyers can look out forThe used market isn't much better, Kunes noted — the average used vehicle transaction price was $29,226 last month, per J.D. Power — "which really puts a lot of pressure on that lower-end market, and there's no manufacturers really stepping up to fill that void."

☆ The days of sky-high trade-in values are over. Here's how to tell what your car is worth.
▼ + stars: | 2023-03-07 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

During the peak of car inventory problems, drivers could have traded in used cars for thousands. Meanwhile, the average transaction price for a used vehicle peaked at $31,300 in April 2022, J.D. But, "These used car values have been dropping over the last year. Car buying won't ever revert to normal, but that's all to say, it's no longer the best environment to get thousands of dollars for your used car that's probably worth a lot less (no offense). "While we've seen some cooling since their peak, used prices remain extremely elevated still," Paris said.

☆ Spring training roundup: Mets win Kodai Senga’s debut start
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +6 min

Cardinals catcher Tres Barrera was responsible for the only hit and run Senga allowed, a solo shot to left in the second. Francisco Lindor and Pete Alonso hit solo home runs and Tim Locastro hit a pair of RBI doubles and scored on a throwing error for New York. The Rays got their two runs from solo homers by Jose Siri and Randy Arozarena. Jake Rogers hit his third home run of spring training for the Tigers. The Athletics, who have flirted with a move to Las Vegas, played a two-game spring training series this weekend at Las Vegas Ballpark.

☆ Car buyers rejoice: Discounts are making a comeback — but you might have to ask for them
▼ + stars: | 2023-03-01 | by ( Alexa St. John | ) www.businessinsider.com time to read: +5 min

Car buyers didn't see the end-of-year blowout sales in November and December that they had been used to in holiday seasons' past. Instead, shoppers had to settle for new and used vehicles with markups above sticker price and no wiggle room. That puts discounts now at around $1,297, about 1% higher than the same time in 2022, Deutsche Bank analysts estimated this week. Where buyers might find the best incentivesLuxury vehicles saw the highest incentives at 6.2% in January, KBB said. "There's also some loyalty cash, and there's a pretty decent amount of rebates on some of the higher end vehicles.

☆ Spring training roundup: Pirates, O’s play unneeded bottom of 9th
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +5 min

Orioles catcher Maverick Handley called balls and strikes thrown by teammate right-hander Ofreidy Gomez during the half inning. The Pirates opened a 5-0 lead before the Orioles put up four runs across the fifth and sixth innings, thanks in part to Franchy Cordero's two-run home run. Kevin Pillar had a two-run homer and an RBI single to power the Braves' offense. Phillies 7, Blue Jays 2Trea Turner hit a two-run single and finished 2-for-3 with a run as host Philadelphia took care of Toronto in Clearwater, Fla. Jace Peterson cracked a three-run homer for the Athletics.

☆ Cactus League roundup: Padres hang 18 runs on Diamondbacks
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

[1/4] Feb 26, 2023; Peoria, Arizona, USA; Arizona Diamondbacks right fielder Pavin Smith (26) bats against the San Diego Padres during the third inning at Peoria Sports Complex. Mandatory Credit: Joe Camporeale-USA TODAY SportsFebruary 27 - The host San Diego Padres exploded for nine runs in the second inning en route to an 18-6 victory over the Arizona Diamondbacks on Sunday in Peoria, Ariz.Juan Soto went 3-for-4 and drove in five runs to headline San Diego's 20-hit effort, while Pavin Smith went 2-for-3 with a homer and a pair of RBIs for the Diamondbacks. Rangers 13, Guardians 4Corey Seager had a homer and three RBIs, and Texas struck for five runs (four earned) off Zach Plesac in a victory over host Cleveland in Goodyear, Ariz.Royals 8, Mariners 7Kansas City used a three-run sixth inning to take a lead it wouldn't relinquish, edging visiting Seattle in Surprise, Ariz.Dodgers 9, Cubs 4Hunter Feduccia went 2-for-3 with a home run and five RBIs to lift host Los Angeles over Chicago in Glendale, Ariz.Giants 7, Reds 6Will Wilson hit a walk-off RBI single in the bottom of the ninth as San Francisco rallied from a four-run, eighth-inning deficit to slide past visiting Cincinnati in Scottsdale, Ariz.Angels 7, White Sox 0Eight pitchers combined to throw a five-hitter as host Los Angeles blanked Chicago in Tempe, Ariz. Athletics 11, Brewers 4Ryan Noda and Shea Langeliers each went deep as visiting Oakland blew by Milwaukee in Phoenix. Rockies 12, Brewers 6Host Colorado brought up five runs in the seventh inning and tacked on four more in the eighth to tackle Milwaukee in Scottsdale, Ariz.--Field Level MediaOur Standards: The Thomson Reuters Trust Principles.

☆ Cactus League roundup: Seth Lugo leads Padres to win
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +2 min

Lugo hasn't started a major league game in the regular season since 2020 and has just 38 career starts. Trent Grisham went 2-for-3 and Aaron Brooks got the win for the Padres, as they held the White Sox to four hits. Athletics 12, Diamondbacks 7Kevin Smith went 2-for-3 with three RBIs and Jace Peterson drove in two as host Oakland beat Arizona in Mesa. McLain went 2-for-2. Brewers 7, Dodgers 4Garrett Mitchell hit two home runs and had four RBIs to lead host Milwaukee past Los Angeles in Phoenix.

☆ Fact Check-Video shows a Goodyear blimp, not a UFO or alien spacecraft
▼ + stars: | 2023-02-15 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A video of a Goodyear blimp flying over New Jersey in 2020 is being shared online as if it is recent footage of a UFO. A tweet sharing the video said: “UFO BREAKING: REAL ALIEN SPACECRAFT CAPTURED ON HIGHWAY” (here). CBS 8 San Diego aired a closer view of the Goodyear blimp at the time, acknowledging that residents confused the blimp for a UFO (here). In 2018, an alleged UFO sighting turned out to be a Goodyear blimp covering a NASCAR race, according to news reports at the time (here) and (here). The object in the video is a Goodyear blimp in New Jersey in 2020, not a recent UFO sighting.

☆ Goldman says these overlooked companies will play a key role in a more sustainable economy
▼ + stars: | 2023-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

Goldman analysts highlighted several service-oriented companies that they view as drivers of the inner loop of the circular economy transition. 'Inner loop' companies Here are the companies Goldman identified, and what Wall Street thinks about them. Impinj has an average target price of $128.86, which means the company stands to gain 4.2% from its close on Monday. Tupperware 's stock price is up 1.8% so far this year, sliding into the green after its shares declined by 73% over the past year. Caterpillar 's stock price has edged up 5% this year, and gained over 25% in the past year.

☆ Did investors learn nothing from last year’s market meltdown?
▼ + stars: | 2023-02-05 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +6 min

Shares of movie theater chain AMC (AMC) have soared nearly 65% so far in 2023, and AMC (AMC)’s companion preferred stock (which trades under the ticker APE as a nod to the nickname AMC (AMC) fans have given themselves on social media) has more than doubled. So did investors learn nothing from last year’s market meltdown? I don’t agree with this market rally in meme stocks,” said Erik Ristuben, chief investment strategist with Russell Investments. Another strategist agrees this recent rally for meme stocks and other speculative bets may not end well. If they’re upbeat about spending, that could keep the rally in consumer stocks going.

☆ A flurry of earnings reports, Fed rate hike, signs of a bull market
▼ + stars: | 2023-02-04 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Earnings season continues next week, with Club holdings Linde (LIN), Emerson Electric (EMR) and Walt Disney (DIS) all set to report. Similarly, shares of Meta Platforms (META) have surged over 20% since CEO Mark Zuckerberg reassured investors Wednesday evening that 2023 would be the technology giant's "year of efficiency." The bull case is further supported by continued signs inflation is easing, a still-robust job market and the breadth of market-buying activity since the start of the year. Lastly on Wednesday, the Fed's Federal Open Market Committee raised the federal funds rate by 25 basis points, in line with expectations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall
▼ + stars: | 2023-01-27 | by ( Colin Kellaher | ) www.wsj.com time to read: 1 min

Goodyear Tire & Rubber Co. said it would cut about 500 jobs and warned that its fourth-quarter results would miss expectations amid a challenging environment and higher costs. The Akron, Ohio-based tire maker on Friday said it is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming their head counts and tightening their belts as concerns about a slowing economy mount.

Companies Goodyear Tire & Rubber Co FollowJan 25 (Reuters) - The U.S. Justice Department is investigating Goodyear Tire & Rubber Co (GT.O) for its handling of a recalled tire that has been linked to eight deaths and dozens of injuries, the Wall Street Journal reported, citing people with knowledge of the matter and documents reviewed by the newspaper. "We cooperated fully with the National Highway Traffic Safety Administration's (NHTSA) review of the G159 275/70R22.5 tire, which concluded in June, 2022," the company said in an emailed statement to Reuters. In June last year, Goodyear said it would recall 173,000 G159 tires used on recreational vehicles because of the potential of catastrophic tread separations. However, the company said in October that it did not believe its tires were defective. Reporting by Aishwarya Nair in Bengaluru, additional reporting by Priyamvada C; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Justice Department Probes Goodyear’s Handling of Recalled Tire
▼ + stars: | 2023-01-25 | by ( Ryan Felton | ) www.wsj.com time to read: 1 min

The Justice Department is investigating Goodyear Tire & Rubber Co. for its handling of a recalled tire that has been linked to eight deaths and dozens of injuries, according to people with knowledge of the matter and documents reviewed by The Wall Street Journal. As part of the probe, federal prosecutors have sought company records and depositions from an Arizona plaintiffs’ attorney produced as part of civil litigation filed against Goodyear years ago, according to a copy of a grand jury subpoena seen by the Journal. The lawyer, David Kurtz, confirmed receipt of the subpoena, which was dated Jan. 4.

Jan 4 (Reuters) - Microsoft Corp (MSFT.O) is in advanced talks to invest in Gatik, a California-based autonomous driving startup, as part of its cloud partnership with the company, two people familiar with the discussions told Reuters. Microsoft plans to invest over $10 million in a financing round that values Gatik at more than $700 million, the sources added. As part of the deal, Gatik will use Microsoft's cloud and edge computing platform Azure in developing autonomous delivery technology for trucks. Like other big tech companies, Microsoft has recently been putting funds into self-driving technology. In November, Ford and Volkswagen shut down their self-driving technology unit, Argo AI, saying that creating self-driving "robotaxis" would be "harder than putting a man on the moon."

☆ Alabama woman sues FedEx, blames faulty tires after her husband was killed in crash with a delivery truck that had a blowout
▼ + stars: | 2022-12-17 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Kelsie Platt is suing FedEx, Goodyear, and more for the death of her husband Hamilton. Platt alleges faulty tires were the cause of the fatal accident. Hamilton Platt, 32, died after he slammed into a FedEx truck that had blown a tire on Interstate 10 Sept. 21. According to local news, Kelsie Platt's lawsuit alleges FedEx's faulty retread tires caused the fatal accident. Although neither FedEx nor Goodyear immediately responded to Insider's request for comment on the suit, FedEx provided a statement to local news outlets.

A Florida sheriff stunned many of his constituents this week by appearing to endorse spanking students, his comments coming during a press conference in which county officials announced plans to tighten discipline in Brevard County schools. Sheriff Wayne Ivey spins the "Wheel of Fugitive" board at the Brevard County Sheriffs Office in 2017. And he is a Brevard County political powerbroker who helped get two Republicans, Megan Wright and Gene Trent, elected to the county school board. Shortly after they were sworn in Nov. 22, Wright and Trent teamed up with school board chair Matt Susin to oust longtime superintendent Mark Mullins. There was agreement among the Brevard County school officials interviewed that disruptive students are a problem in the system.

☆ How airlines plan to create a new generation of pilots amid fears of decade-long cockpit crisis
▼ + stars: | 2022-11-11 | by ( Bob Woods | ) www.cnbc.com time to read: +12 min

Focusing more long-term, though, airlines are boosting training programs to unprecedented levels and trying to attract a younger and more diverse next generation of aviators. That formula has been adopted by regional airlines, too, such as Mesa Air Group , Republic, Envoy, Cape Air and SkyWest . The regionals have always been an entry point for the mainline airlines' pilots, providing them the requisite number of hours of flight time needed before advancing. "The pilot shortage has abated to some extent," Murray said, "but at the expense of lower frequencies and fewer connection opportunities for travelers." Regional airline Republic has its own flight school, the Leadership in Flight Training Academy, in Indianapolis.

☆ Rising Rates Boost Companies’ Focus on Working Capital Management
▼ + stars: | 2022-11-03 | by ( Nina Trentmann | Kristin Broughton | ) www.wsj.com time to read: +5 min

Higher interest rates are putting more pressure on companies to free up cash from their operations, a cheaper option than relying on credit. PREVIEWRising financing costs are one of several factors pushing companies to improve how they manage working capital, alongside high inventory levels and persistent inflation. “The only difference now is that with your cost of capital being higher, sometimes the economics change, but we’re always looking at working capital,” he said. “Working capital management comes more in focus,” Mr. Fracassa said, as it costs more for companies to draw on their revolving lines of credit with today’s higher rates. “It was kind of the unique rebuild period for working capital,” Mr. Wells said.

☆ Rising Rates Boosts Companies’ Focus on Working Capital Management
▼ + stars: | 2022-11-03 | by ( Nina Trentmann | Kristin Broughton | ) www.wsj.com time to read: +6 min

☆ Stocks making the biggest moves midday: Uber, Abiomed, Peloton, Carvana, Molson Coors and more
▼ + stars: | 2022-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Uber – Shares of Uber jumped 12% after the company reported revenue that exceeded Wall Street's expectations. J&J shares fell 1%. Molson Coors Beverage – Shares of Molson Coors fell 3.8% after the beer giant reported earnings that fell short of expectations. Goodyear Tire – Shares fell 13% after the tire company's earnings fell short of expectations due in part to higher costs and a surging dollar. Gartner – The research firm was up 7.5% after it beat per-share earnings expectations, according to StreetAccount, and issued positive full-year guidance.

☆ Stocks making the biggest moves in the premarket: Abiomed, Uber, SoFi, Pfizer and more
▼ + stars: | 2022-11-01 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Uber Technologies (UBER) – Uber rallied 8.8% in the premarket after it reported better-than-expected quarterly revenue as gross bookings surged compared to a year ago. SoFi Technologies (SOFI) – SoFi surged 14.3% in premarket trading, following a smaller-than-expected quarterly loss and revenue that exceeded analysts' forecasts. Pfizer (PFE) – Pfizer jumped 4% in premarket trading following a better-than-expected quarter and an improved financial outlook. Avis Budget (CAR) – Avis Budget shares gained 3.7% in the premarket following better-than-expected quarterly earnings from the rental car giant amid continued strong travel demand. Trex (TREX) – Trex shares tumbled 7.5% in premarket trading after the maker of decking and railing materials missed both top and bottom line estimates for its latest quarter.

☆ Stocks making the biggest moves after hours: Avis, Stryker and more
▼ + stars: | 2022-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Avis reported adjusted per-share earnings of $21.70, compared to expectations of $14.64 per share, according to Refinitiv. Stryker posted adjusted earnings per share of $2.12, compared to estimates of $2.23, according to Refinitiv. Goodyear Tire & Rubber Company – Shares of the tire company tumbled more than 8%. Goodyear posted quarterly earnings per share of 40 cents on revenue of $5.31 billion. Analysts expected per-share earnings of 55 cents on revenue of $5.36 billion, according to Street Account.

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