WSJ News Exclusive | Carvana, once market darling, forced to turn to Apollo for cash

WSJ News Exclusive | Carvana, once market darling, forced to turn to Apollo for cash

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carvana Co. CVNA -1.95% Financial problems spread to debt markets this week when the online used-car dealership struggled to sell bonds and was forced to turn to Apollo Global Management Inc. APO 2.67% for $1.6 billion to salvage the case. The giant investment firm has agreed to buy about half of the $3.275 billion in…

Dow drops 700 points, Nasdaq tumbles on megacap tech earnings

Dow drops 700 points, Nasdaq tumbles on megacap tech earnings

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U.S. stocks were trading sharply lower on Tuesday afternoon, failing to capitalize on the rebound from the previous session, as investors scanned a series of corporate earnings reports and awaited earnings reports expected after the bell. tech giants including Microsoft Corp. and Alphabet Inc., parent company of Google. How are stock market indices changing? The…

Rohit laments hitters’ ‘irresponsible shooting’, urges them to take ‘more responsibility’

Rohit laments hitters’ ‘irresponsible shooting’, urges them to take ‘more responsibility’

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Many theories have linked the Mumbai Indians’ disastrous start to the season to their mega betting strategy, especially the one surrounding Jofra Archer. The consensus was that “Archer spending” could put Mumbai in a position of dominance for 2023 and beyond, but for IPL 2022 bowling ended up becoming overly dependent on Jasprit Bumrah for…

‘A recession over the next 12 months is not in our base case’: Stocks were battered on Friday. Why smart investors focus on the long game

‘A recession over the next 12 months is not in our base case’: Stocks were battered on Friday. Why smart investors focus on the long game

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The stock market ended a volatile week on a gloomy note on Friday, with the three major U.S. indexes plunging as investors were gripped by worries like inflation, the Fed’s fight against it and fears of a landing brutal in recession. As confidence also took a hit, financial experts advised investors not to panic but…