An anticipated surge in defaults on auto loans could spell trouble for CarMax, a leading online car dealer. Despite having an Outperform rating on CarMax stock (KMX), Wedbush analyst Seth Basham has revised his price target from $90 to $80. This adjustment comes on the heels of an analysis of CarMax Auto Finance's latest auto-loan data. According to Basham, the delinquency rate … [Read more...] about Auto Loan Defaults May Pose Challenges for CarMax
The Changing Landscape of Australian Pension Funds
Pension funds in Australia have traditionally taken a less confrontational approach when it comes to corporate disagreements. They prefer to work quietly behind closed doors to bring about change. However, a recent development surrounding the US$10.50 billion takeover bid for Origin Energy by a consortium led by Brookfield Asset Management suggests that pension funds are … [Read more...] about The Changing Landscape of Australian Pension Funds
Expedia Group Stock Has Room for Growth, Airbnb Shares Have Limited Upside
According to an analyst at Evercore ISI, Expedia Group stock has more room to grow compared to Airbnb shares, which have seen solid gains this year. Expedia Upgraded to Outperform Mark Mahaney, in a research note, upgraded shares of Expedia (ticker: EXPE) to Outperform from In Line. He also increased his price target on the stock to $200 from $135. Mahaney stated that the … [Read more...] about Expedia Group Stock Has Room for Growth, Airbnb Shares Have Limited Upside
U.S. Flu Season Update
The United States is currently experiencing its flu season, with several states reporting a surge in illnesses and a rise in cases across the country, according to health officials. Flu Activity Levels The Centers for Disease Control and Prevention (CDC) released new data on Friday, highlighting the considerable flu activity in various areas. Louisiana recorded extremely high … [Read more...] about U.S. Flu Season Update
McDonald’s Expands Ownership Stake in Chinese Operations
McDonald's, the global fast-food giant, announced on Monday its plans to further expand its ownership stake in its Chinese operations. In an effort to continue growing in the world's second-largest economy, McDonald's will acquire the minority shareholder Carlyle Group, increasing its stake in its Chinese business from 20% to 48%. Carlyle Group initially acquired its stake in … [Read more...] about McDonald’s Expands Ownership Stake in Chinese Operations
