In Today’s News

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Carvana’s third-quarter results rise on used vehicle demand

Demand for used vehicles has remained strong as consumers flock to older cars to avoid hefty price tags on new ones caused by tariffs. “We believe tariffs have actually led us to a stronger used-vehicle market,” Cox Automotive Chief Economist Jonathan Smoke said in a report. Carvana’s shares nearly quadrupled … Read More »

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Microsoft’s high capital spending overshadows cloud business surge

(Reuters) -Microsoft said on Wednesday it spent nearly $35 billion on artificial intelligence in its fiscal first quarter, surpassing market expectations and overshadowing blockbuster growth in its cloud-computing business. Shares of the company dipped 3% in extended trading, as the higher-than-expected capit … Read More »

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Featured Article

Senate Democrats urge Trump not to ease national security restrictions on China for trade deal

“America’s export controls, investment safeguards, and our longstanding security partnerships must not be on the negotiating table,” the senators wrote, also calling on Trump not to limits efforts by the Treasury Department’s Outbound Investment Security Program, which aims to ensure U.S. firms do n … Read More »

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Other Headlines

Meta’s profit hit by about $16 billion one-time tax charge, shares fall

Shares of the company fell around 6% after the bell.Excluding the charge, Meta said its third-quarter net income would have increased by $15.93 billion to $18.64 billion, compared to the reported net income of $2.71 billion.The social media company now expects capital expenditure between $70 billion and $72 b … Read More »

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