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The only thing Carvana may be delivering in the months ahead is more pain to investors. The online used car seller — a former pandemic darling that has now become one of the most hated stocks on Wall Street as it fights for its survival — is on the cusp of running out of cash, Jefferies analyst John Colantuoni warned in a note. “For perspective, our model has Carvana running out of cash in 1Q23 without an additional infusion,” Colantuoni stated. “The deterioration in liquidity was… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 9, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Wall Street strategists are looking ahead to 2023. And like most years, this year’s outlooks contain a degree of similarity… Source link

Subscribe to the Yahoo Fantasy Football Forecast Matt Harmon is joined by Andy Behrens and Dalton Del Don to preview all of the week 14 games in the NFL with an eye towards fantasy football. They kick off the show with an appreciation of Jalen Hurts, who has been so good this season that he and Patrick Mahomes might screw up the Offensive Player of the Year award, and slightly less appreciation for Daniel Jones. The Jets upset the Bills with Zach Wilson as their QB, so why are the Bills so… Source link

Baker Mayfield has had a rough season. He was told by the Carolina Panthers on Monday that he’d be their third-string quarterback this week, and Mayfield asked to be released. The Panthers didn’t have a problem letting him go. It’s not like he’d played well at any point this season. The Rams took a shot on Mayfield. During a low point in his career, he had a comeback for the ages on Thursday night. Mayfield, claimed off waivers on Tuesday after the Carolina Panthers cut him, led a 98-yard… Source link

Elon Musk has been running Twitter since being forced to go through with his purchase of the social-media company in October. But Musk’s current post is not a permanent position, with the billionaire saying last month he intends to find someone else to run Twitter. And noted Elon Musk booster Cathie Wood has a potential candidate: ex-Twitter chairman Bret Taylor, who stepped down last week as co-CEO of Salesforce. Taylor “certainly understands” Twitter, Wood, the CEO and chief investment… Source link

Tom Pasquarello’s phone started buzzing around 7 a.m. on Thursday. “Did you hear the news?” a friend asked. “What news?” Pasquarello responded. The news turned out to be the undoing of one of Pasquarello’s proudest achievements from his tenure as a regional director with the Drug Enforcement Administration. The U.S. had released the notorious Russian arms trafficker who Pasquarello helped take down 14 years ago with an audacious sting operation. Viktor Bout, the so-called “Merchant… Source link

Fantasy football managers would be hard-pressed to complain about Josh Allen this season. Sure, turnovers have been a problem, but I don’t know about you all, the positives seem to wayyyy outweigh the negatives. He’s the third-highest-scoring fantasy football quarterback, behind only Jalen Hurts and Patrick Mahomes, respectively — and it’s tight at the top. He’s second in passing touchdowns (25), fourth in quarterback rush yards (581) and third in quarterback rushing touchdowns (five). [ Source link

He’s racked up the wins and the championships at an impressive pace, but professional boxing hasn’t always gone swimmingly for Teofimo Lopez. The former undisputed lightweight champion has been one of the sport’s most gifted fighters, but he’s been plagued by demons that have always left more questions than answers. He suffered his first, and only, loss to George Kambosos last year, fighting despite a medical condition known as pneumomediastinum, which can be fatal. He should have pulled out… Source link

The Securities and Exchange Commission is sending a letter to U.S. public companies asking firms evaluate their disclosure obligations, including a “specific tailored disclosure,” about how recent crypto bankruptcies and broader financial distress across the digital asset market may have hit their business. The letter is intended to illustrate the type of comments the securities agency might send to public companies. “In meeting their disclosure obligations, companies should consider the… Source link

Disney’s ad tier officially launched Thursday as the media giant looks to curb accelerating streaming losses. “We expect Disney to generate anywhere from about $500 million to even up to $1 billion dollars in ad-supported revenue on the Disney+ product in their first year of operation,” Geetha Rangathan, analyst at Bloomberg Intelligence, told Yahoo Finance Live. Rangathan said ad-supported revenue rise by up to $3 billion over the next three years, reiterating her confidence in the media… Source link