Carvana acquires Adesa US auction business for $2.2B to jump-start used car sales

Carvana, the online used car marketplace, has agreed to buy Kar Global’s Adesa U.S. auction subsidiary for $2.2 billion in cash, an acquisition aimed at adding another revenue stream as well as a network of physical sites that could help bolster

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Why the Russian invasion will have huge economic consequences for American families | CNN Business

  New York CNN Business — Russia’s invasion of Ukraine is happening thousands of miles away from the closest major US city. And yet millions of American families will feel the economic consequences. That’s because the world economy and financial

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A Free Solution to Protect Your Business from 6 Biggest Cyber Threats in 2022

For the last few years, the cybersecurity threat landscape has gotten progressively more complex and dangerous. The online world is now rife with data thieves, extortionists, and even state actors looking to exploit vulnerabilities in businesses’ digital defenses. And unfortunately

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Ford CEO says automaker has no plans to spin off its electric vehicle business

Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters Ford Motor has no plans at this time to spin off its electric vehicle or gasoline-powered vehicle businesses,

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Biden to bar Americans from business with Ukraine rebels after Putin backing

The White House announced Monday that Americans will soon be barred from doing business in two separatist regions of eastern Ukraine recognized as independent by Russian President Vladimir Putin. Putin bemoaned the collapse of the Soviet Union as he recognized

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Amazon’s sprawling grocery business has become an ‘expensive hobby’ with a cloudy future

In this Feb. 21, 2020 photo, Dilip Kumar, vice president of physical retail and technology for Amazon, poses for a photo inside an Amazon Go Grocery store set to open soon in Seattle’s Capitol Hill neighborhood. Ted S. Warren |

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Chamath Palihapitiya resigns as chairman of Virgin Galactic | CNN Business

New YorkCNN Business—   Billionaire investor Chamath Palihapitiya, who was one of the executives to help take Virgin Galactic public, has stepped down as chariman of the company. The company didn’t say why Palihapitiya was leaving. Evan Lovell, the chief

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Is your business optimized for Google Discover? This guide is for you!

Would you turn down an opportunity to acquire new customers without breaking the bank? Google Discover currently supports 800M users in exploration and is a great way to attract new audiences Joe Dawson covers the “why” and “how” in this

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US business leaders sound the alarm on US-Canada border blockade

In a joint statement Thursday night, the US Chamber of Commerce, Business Roundtable and National Association of Manufacturers urged a swift resolution to the blockages. “The disruptions we are seeing at the US-Canada border — at the Detroit-Windsor Ambassador Bridge

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An Overview of the State of the Swiss Watch Business in 2021

Rolex Oyster Perpetual Cosmograph Daytona. Image: Rolex The Federation of the Swiss Watch Industry (FH) reports that 2021 was a record year for the trade, with Swiss watchmakers registering CHF22.3 billion in export value, which is a new record. This

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Amazon has a $31 billion a year advertising business

Amazon revealed Thursday just how big its advertising business has become. It generated $31.2 billion in revenue in 2021, with fourth-quarter sales rising 32%, according to the retailer’s fourth-quarter earnings statement. The disclosure follows years of Amazon investing in the

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