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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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Mar 4, 2026
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Israeli Attacks Kill at Least Six Palestinians in Gaza as IDF Continues Constant Ceasefire Violations
The Israeli military launched heavy attacks across Gaza on Sunday, killing at least six Palestinians, as it continues its constant violations of the US-backed ceasefire deal. Medics told Reuters that at least four people were killed and several others were wounded by an Israeli airstrike near a hospital in northern Gaza’s Jabalia refugee camp. Israeli […]
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Apr 22, 2026 / Tyler Durden
Coinbase Now Lets UK Users Borrow Against Their Bitcoin And Ethereum
Coinbase Now Lets UK Users Borrow Against Their Bitcoin And Ethereum
Via Decrypt.co,
Coinbase launched crypto-backed USDC lending for U.K. users on Monday.
Bitcoin holders can borrow up to $5 million in USDC, with Ethereum-backed loans capped at $1 million.
The service uses Morpho, an open-source lending protocol on Ethereum layer-2 network, Base.
Crypto exchange Coinbase has expanded its lending service, now allowing U.K. customers to borrow USDC stablecoins using their Bitcoin or Ethereum holdings as collateral.
The service operates through Morpho, an open-source lending protocol on Base—the Coinbase-backed Ethereum layer-2 network—that powers Coinbase's crypto-backed loans.
U.K. users can pledge cryptocurrency as...
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