Carvana inches toward reworking debt
Carvana is consulting with lawyers and investment bankers about options for managing its debt load amid plunging used car prices......»»
Warming climate will affect streamflow in the northeast, says study
Over the past 25 years, the Northeast has experienced the largest increase in extreme precipitation nationally. Prior research has shown that the amount of extreme precipitation— rain or snow that results in one- to two inches of water in a day—.....»»
Rising debt costs crimp cash flow at automotive suppliers
Just as the supply chain is smoothing out and the cadence of production improves, automotive suppliers are now seeing red where balance sheets had long been stable. The soaring cost of money and tightening credit conditions are hurting liquidity,.....»»
The Galaxy Watch 6 screen may rival the Apple Watch by shrinking its bezel
New leaks from a reliable source suggests Samsung is upping the Galaxy Watch6 display to 1.47-inches......»»
Used-car retailer Carvana expects smaller core loss, shares jump
Carvana Co. said on Wednesday it expects a smaller core loss in the current quarter due to a raft of cost-cut measures it implemented amid falling used-car sales, sending its shares up nearly 16 percent in early morning trading Wednesday. Carvana.....»»
When LLMs Collide With Software Development and Economics
Paul Kedrosky and Eric Norlin of SK Ventures wrote an interesting and important essay titled Society’s Technical Debt and Software’s Gutenberg Moment. The abstract follows. I encourage you to read the full essay. There is immense hyperbol.....»»
iPhone 15 Pro Max may get the world"s thinnest screen bezels
Apple's forthcoming iPhone 15 Pro Max is rumored to feature a front display that has bezels of only 1.55mm (0.06 inches), making it by far the thinnest bezel in any smartphone ever made.Recent rumors about the iPhone 15 Pro Max have included a claim.....»»
Rushed cloud migrations result in escalating technical debt
While 93% of CIOs expect an increase in IT budgets for 2023, 83% of them are feeling pressured to stretch their budgets even further than before, with a focus on managing cloud costs more efficiently and addressing the growing issue of technical debt.....»»
Car debt is piling up as more Americans owe thousands more than vehicles are worth
Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his wife were already $14,000 underwater on their two vehicles. So the couple proposed an unusual two-for-one deal with an Atlanta-area auto dealer in.....»»
Carvana backs Illinois bill to codify home vehicle delivery, e-signatures
The embattled retailer is supporting Illinois S.B. 1896, a bill introduced Feb. 9. If passed, it would amend the Illinois Vehicle Code to add specific language pertaining to home vehicle delivery and electronic signatures......»»
Lenovo demos laptop that rolls from 13 to 15 inches with the flip of a switch
OLED laptops with daringly versatile form factors have been a long time coming. Enlarge / A 12.7-inch screen unrolls from under the keyboard to grow to 15.3 inches. (credit: Lenovo/YouTube) Lenovo's laptop with a screen.....»»
Carvana debt bills come due with business "firmly in retreat;" shares plunge
The quarterly loss reported Thursday caps a disastrous year in which Carvana’s stock plummeted 98 percent, erasing almost almost $37 billion of market capitalization. Shares plunged nearly 20 percent in morning trading......»»
Tata reportedly to raise fund for debt reduction and EV business
As a leader in India's emerging EV market, Tata Motors is reportedly looking to raise funds for the EV expansion as the carmaker is grappling with debt reduction in the automotive business......»»
Carvana net loss widens to $806 million in Q4
The company's growing tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers' used-vehicle demand. .....»»
Carvana stock gets slight respite ahead of Q4 earnings, but uncertainty remains
Carvana Co. is set to release fourth-quarter and full-year 2022 results Thursday. Analysts say investors are feeling a bit more optimistic that the online used-vehicle retailer can avoid bankruptcy......»»
Fear of judgment is keeping consumers indebted, but a new study shows peer groups can help turn that around
Consumers who are honest about their level of debt and join peer-supported debt counseling groups are more likely to get their finances in order than those who keep it a secret, according to a new study in the Journal of Marketing Research co-authore.....»»
Governments target medical debt with COVID relief funds
Millions of Americans mired in medical debt face difficult financial decisions every day—pay the debt or pay for rent, utilities and groceries. Some may even skip necessary health care for fear of sinking deeper into debt......»»
Asset, wage protections may help debtors in a tough economy
States could take steps now to soften the impact of a recession by protecting residents with unsecured debt, according to a new study that reveals an inequitable patchwork of protections for Americans who are behind on their bills......»»
Worldwide silicon wafer shipments and revenue set new records in 2022, says SEMI
According to SEMI Silicon Manufacturers Group (SMG) in its year-end analysis of the silicon wafer industry, worldwide silicon wafer shipments in 2022 increased 3.9% to 14,713 million square inches (MSI), setting new all-time highs, while wafer revenu.....»»
Worldwide silicon wafer shipments and revenue set new records in 2022, SEMI says
Worldwide silicon wafer shipments increased 3.9% to 14.71 billion square inches in 2022, with revenue rising 9.5% on year to US$13.83 billion, according to SEMI. Both results hit record highs......»»
It’s still not cheap, but Samsung’s 120-inch 4K projector is $500 off today
The Samsung The Premiere 4K laser projector, which can display images as large as 120 inches, is on sale from Samsung for $3,000 following a $500 discount......»»