Carvana Faces Consumer Complaints, Government Scrutiny and Fines

Some buyers report months-long delays getting paperwork and other problems; Carvana says it remains committed to improvement

 
Trump Social-Media SPAC Poised for Second Day of Huge Gains

Shares of a blank-check company that is taking former President Donald Trump's new social network public surged in premarket trading after more than quadrupling on Thursday.

 
Pfizer-BioNTech Covid-19 Vaccine for Kids Was Safe and 90.7% Effective, Companies Say

U.S. health regulators are expected to weigh in soon on the evidence for giving the Pfizer-BioNTech Covid-19 vaccine to children 5 to 11 years old.

 
American Express Posts Earnings and Revenue Beats. The Stock Moves Higher.

The credit card giant earns $1.83 billion in the third quarter vs. $1.07 billion a year earlier.

 
Honeywell Earnings Beat Expectations. It's a Shame About the Guidance.

The industrial giant's third-quarter profit was fine, but higher costs forced the company to lower its full-year forecast.

 
BTS Drops Sony for Universal

South Korean boy band BTS has agreed to a distribution and marketing deal with Universal Music Group for the U.S. and other regions, parting ways with Sony Music's Columbia Records.

 
Evergrande Makes Overdue Payment, State Media Says

The unexpected payment to international bondholders allows the struggling Chinese property giant to stave off what threatens to spiral into the biggest corporate default in Asia.

 
Instacart Needs to Ring Up Grocers in Store

To compete against the likes of Amazon.com in grocery shopping, Instacart must smartly serve retailers, both in store and out.

 
Intel Gets the Bad News Out Early

The chip maker's early warning of a gross margin hit allows it to focus on revival, but questions remain.

 
Apple's Privacy Change Is Hitting Tech and E-Commerce Companies

Apps in which many users have opted out of being tracked are getting less data on consumers' habits and interests and can't target ads at users as effectively.

(END) Dow Jones Newswires

October 22, 2021 09:00 ET (13:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.