Bloomberg Business

Carvana Soars Most Since 2020 on Narrower-Than-Expected Loss

Carvana Co.’s shares surged the most since the start of the pandemic after the debt-ridden automobile retailer topped Wall Street’s earnings estimates and predicted a return to an adjusted pretax profit this quarter.

Fed Rate-Hike Pause No Reason to Buy Stocks, BofA Says

The Federal Reserve may be signaling its willingness to pause rate hikes, but Bank of America Corp.’s Michael Hartnett says it’s not yet time to buy equities as outflows accelerate amid elevated inflation and recession fears.

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