Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers

Dealership are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies, like Carvana, that grew fast in recent years. Source link

China’s Business Elite See the Country That Let Them Thrive Slipping Away

The business class, which shunned politics, is now questioning if there is still a place for it in a system dominated by one ruler, Xi Jinping. Source link

White House calls Exxon record profit ‘outrageous’

"The latest earnings reports make clear that oil companies have everything they need, including record profits and thousands of unused but approved permits, to increase production, but they're...

Black Americans Are Much More Likely to Face Tax Audits, Study Finds

A new report documents systemic discrimination in how the I.R.S. selects taxpayers to be audited, with implications for a debate on the agency’s funding. Source link

Superman Is Driving DC Studios’ New Strategy

The yet-to-be-cast “Superman: Legacy” will begin a story that unfolds across at least 10 interconnected movies and TV shows, with Batman, Swamp Thing and others. Source link

Biden Demands Details on Budget Cuts From McCarthy

Ahead of a meeting at the White House on Wednesday, administration officials demanded that Republicans commit to avoiding a default on federal debt. Source link

Elizabeth Holmes Is Denied New Trial in Theranos Fraud Case

The founder of the failed blood testing start-up Theranos faces a maximum sentence of 20 years in prison. Source link

More than 2,000 roles at risk at Tesco

"These are difficult decisions to make, but they are necessary to ensure we remain focused on delivering value for our customers wherever we can, as well as ensuring...

IMF Upgrades Global Economic Outlook as Inflation Eases

The International Monetary Fund said the world economy was poised for a rebound as inflation eases. Source link

Andrea Riseborough’s Path to Surprise Oscar Nomination Is Scrutinized

Andrea Riseborough got the nod for the little-seen “To Leslie.” The Academy of Motion Picture Arts and Sciences is reviewing whether her A-list campaign violated rules. Source link