Financial services giant Carson Group adds its 40th wholly-owned office with the acquisition of New Hampshire-based ZeroCelsius Wealth Studio, a move signaling continued consolidation in the independent advisory space.
Wall Street analysts are bullish on Cars.com Inc. (NYSE:CARS), with hedge funds positioning it as a top pick in the used-car sector. The company's rollout of new AI-powered advertising and expansion tools aims to transform dealer sales strategies.
In a CNN interview, Rep. Andre Carson (D-IN) criticized recent anti-Muslim comments from Republican lawmakers as "absolutely unacceptable," while arguing that data shows domestic terrorism is predominantly fueled by white supremacist groups.
Cars.com reported fourth-quarter revenue in line with Wall Street estimates, though earnings fell short of expectations. Despite modest sales growth, shares tumbled nearly 10% as investors questioned the online auto marketplace's ability to reignite expansion.
Despite a significant hit from a stronger Mexican peso, Mexican conglomerate Grupo Carso outlines a strategic path forward through key energy acquisitions and a robust construction pipeline, aiming to offset near-term forex pressures.
The wealth management sector kicks off the year with strategic acquisitions and rebranding moves. Corient expands its Silicon Valley footprint, Carson integrates a long-time partner, and Cetera lures a team from Raymond James, highlighting the ongoing consolidation and competition for advisor talent.
As rivals AutoNation and Penske Automotive shy away from aging vehicles, Lithia Motors is pushing its dealerships to acquire and sell more cars aged nine years or older, advocating for higher prices despite longer inventory turns.
Exclusive Reuters analysis reveals a booming gray-market trade, with tens of thousands of foreign-brand vehicles flowing from China into Russia, exploiting loopholes to bypass sanctions imposed after the Ukraine invasion.
Shares of the online auto marketplace Cars.com have slumped 10% over the past six months, starkly underperforming the broader market. With growth stagnating and profitability under pressure, analysts are questioning its near-term prospects. We examine the key concerns and highlight a more compelling investment opportunity.
B. Riley Securities has significantly cut its price target for Cars.com (CARS) from $22 to $13, citing a weaker-than-expected advertising environment impacting profitability. While maintaining a Buy rating, the firm points to disappointing EBITDA and soft long-term guidance as key concerns for the online automotive marketplace.
The online automotive marketplace Cars.com reported stronger-than-expected quarterly revenue of $183.9 million, with adjusted earnings of 44 cents per share, signaling resilience in a competitive digital auto sales sector.
Laurence des Cars, the first woman to lead the Louvre in its 230-year history, has resigned following last year's multi-million euro crown jewel theft and mounting institutional pressures, the Élysée Palace confirmed Tuesday.
As Carson Group's assets under management triple to nearly $60 billion, CEO Burt White reveals how a strategic bet on AI and unified technology is boosting advisor capacity by 18% without compromising service—a potential blueprint for the industry's future.
A provision in the recently passed 'Big Beautiful Bill' creates a new annual tax deduction for interest paid on loans for qualifying American-assembled vehicles, potentially shifting consumer demand and boosting domestic auto sales.
UBS Group proposes Agustín Carstens, former head of the Bank for International Settlements, and Apple CFO Luca Maestri for its board, signaling a sharper focus on navigating post-Credit Suisse integration regulatory hurdles and capital discipline. The refresh comes as Vice Chairman Lukas Gähwiler and directors William Dudley and Jeanette Wong plan to step down.
With repair costs soaring and car prices stubbornly high, drivers face a tough calculus: keep pouring money into an aging vehicle or take on a hefty new payment. We break down the tipping point.
Laurence des Cars has resigned as director of the Louvre Museum, months after a brazen daylight robbery saw over $100 million in royal jewels stolen. President Macron accepted her resignation, framing it as a responsible move to allow the institution a fresh start.
The president of the Louvre Museum, Laurence des Cars, has stepped down following a series of high-profile crises, including a multi-million-dollar jewel heist and mounting criticism over institutional security failures.
Tesla is discontinuing its flagship Model S and Model X vehicles, ending a production run that sold over 630,000 units and helped establish the company as an automotive and technology leader. The move signals a strategic shift toward robotics manufacturing and a planned autonomous 'Cybercab' service.
Major automakers are scaling back ambitious electric vehicle plans after facing billions in losses, as consumer adoption lags behind regulatory targets and fierce competition from China reshapes the global market.
