Bloomberg Business

Carvana Shares Soar on Forecast of Better Financial Results

Shares in used-car retailer Carvana Inc. soared in Thursday trading after the struggling company said its operations are improving in the second quarter. The company’s stock was up 55% at 2:38 p.m. in New York.

SEC Seeks ‘Alternative Means’ to Serve Papers to Binance’s Zhao

The US Securities and Exchange Commission asked a federal court for permission to use “alternative means” to serve papers to Binance Holding Ltd. and Changpeng Zhao, noting that the crypto executive is “famously protective of revealing his whereabouts.”

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