The chief executive of Carvana, which sells used cars online, said President Trump’s tariffs could help his company by increasing demand for its vehicles.
Category: Carvana Co
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Carvana, Used Car Dealer, Reaches Deal to Restructure Debt
Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.
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Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers
The New York Times – Business:Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.
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Tech Layoffs Continue as Shares Fall and Interest Rates Rise
The New York Times – Business:Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world. But in 2023, reality bites.
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For Tech Companies, Years of Easy Money Yield to Hard Times
The New York Times – Business:Rock-bottom rates were the secret engine fueling $1 billion start-ups and virtual attempts to conquer the physical world. But in 2023, reality bites.