Feds Launch Probe Into California's Elections

Here's What Happened Inside Convenience Stores When Gas Hit $4 Continuing our coverage of consumer behavior shifts at petrol stations and convenience stores, the U.S. national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for three weeks. Goldman analysts have released a new note indicating that a majority of convenience stores are seeing drivers buying less fuel and trading down in-store. Bonnie Herzog, managing director and senior consumer analyst at Goldman, penned a note titled Q1 "Beverage Bytes," which covers a survey of 32,000 retail locations, or...

After the 9/11 attacks, US officials used the “emergency” to wield and exercise extraordinary totalitarian-like powers. This was reflected by such totalitarian-like measures as the USA PATRIOT Act, warrantless telecommunications surveillance, torture, indefinite detention, assassination, the TSA takeover of the airports, and the undeclared wars of aggression against Afghanistan and Iraq. Of course, that isn’t […]

Carvana Crashes After Earnings Outlook Disappoints Wall Street Carvana shares plunged in premarket trading after the online used-car retailer issued full-year earnings guidance that may fall short of Wall Street expectations, as vehicle sales growth slowed and profit per car declined. The outlook raises questions about whether Carvana's rapid expansion can justify its high stock valuation. Carvana reported a record second-quarter adjusted EBITDA of $769 million, narrowly beating the $766.2 million consensus estimate among analysts tracked by Bloomberg, as vehicle sales rose 38% to more than 197,300. Still, sales growth slowed...