November 2022

Carvana falls as rising rates, inflation cut used car sales

DETROIT (AP) — Shares of upstart used-vehicle chain Carvana tumbled another 16% Monday, undercut by the company’s struggles with falling prices and waning demand for its products. The latest downturn comes after the shares fell almost 40% on Friday following Morgan Stanley analyst Adam Jonas’s move to suspend his rating and price target for the company’s stock.

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Biden’s next 2 years: changes afoot whatever midterms bring

WASHINGTON (AP) — Joe Biden’s record is on the ballot even if his name isn’t. And no matter what Tuesday’s midterm elections bring, his presidency is set for profound changes. In public, Biden professed optimism to the end, telling Democratic state party officials on election eve that “we’re going to surprise the living devil out of people.” In private, though, White House aides have been drawing up contingencies should Republicans take control of one, or both, chambers of Congress — a scenario Biden said would make his life “more difficult.”

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