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Carvana Crashes After Earnings Outlook Disappoints Wall Street
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...
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Jul 23, 2026 / Tyler Durden
Boasberg's Law: Chief District Court Judge Under Renewed Scrutiny Over Pattern Of Unilateral Actions
Boasberg's Law: Chief District Court Judge Under Renewed Scrutiny Over Pattern Of Unilateral Actions
Authored by Jonathan Turley,
Chief Judge James Boasberg is frustrated … and he is not alone.
Recently, the D.C. federal judge reportedly “groused” that the D.C. appellate court had ordered him to reconsider a case about whether the D.C. government engaged in biased enforcement against political graffiti.
Conversely, the litigants are equally irked over what they see as Boasberg’s bias after he responded by, again, dismissing their claims without a trial.
For a second time, Boasberg has barred pro-life groups...
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Apr 29, 2026 / Joseph Solis-Mullen
The Case Against the “Free Bankers”
Despite support from some economists in the free market camp, fractional reserve free banking is doomed for failure, as Murray Rothbard pointed out.
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Jul 20, 2026 / Tyler Durden
US Gas Prices Cross Politically Sensitive $4 Level Closely Watched By Trump
US Gas Prices Cross Politically Sensitive $4 Level Closely Watched By Trump
The U.S. national average for a gallon of regular 87-octane gasoline has climbed back above the politically sensitive $4 threshold as U.S. military forces and Tehran enter a ninth day of tit-for-tat strikes. This level is significant because it is where fuel costs begin to alter spending and driving behavior among working-poor households, while also weighing more broadly on consumer sentiment, making it a key pressure point closely watched by the Trump administration ahead of the midterm...
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