Tag: business
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Carvana Takes a Step Towards Profitability With New Ad Campaign and Debt Ceiling Deal
The used car dealer Carvana (CVNA 19.16%) is seeing a boost in its share prices following a successful debt-ceiling deal and the launch of a new national ad campaign. Is this a sign that the company is on the upswing? Carvana, an online used car dealer, had seen a sharp pullback in spending in recent…
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Elon Musk Regains Title as Richest Person on Earth
Elon Musk, the charismatic founder of Tesla Inc., has recaptured his title as the world’s richest person, overtaking luxury tycoon Bernard Arnault. The two have been locked in a tight race for the top slot in the Bloomberg Billionaires Index. This challenge began in December, when Arnault overtook Musk on the list due to the…
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State Farm Pulls Home and Business Insurance from California
Climate change is driving up the cost of business in California — and now one of the leading insurers in the state has had enough. On Friday, State Farm announced that it would no longer be accepting new applications for home and business insurance in California. This historic shift, which has come in response to…
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