SAN FRANCISCO, Nov. 24, 2025 (GLOBE NEWSWIRE) -- On November 6, 2025, investors in CarMax ( KMX ), Inc.  saw shares plummet $9.93 (-24%) after the company announced that it fired CEO Bill Nash and issued its new Q3 2026 preliminary outlook on comparable store used unit sales, calling for a decline of 8%-12% from a year ago. The developments...

03:19 PM EST, 11/24/2025 (MT Newswires) -- UBS (UBS) should be split into separate domestic and US-centered units because Switzerland cannot shoulder the bank's risk alone, Bloomberg reported Sunday, citing former minister Christoph Blocher's interview with Sonntagszeitung. Blocher suggested shareholders could receive one share in each company and said a breakup would be technically straightforward, Bloomberg reported. He argued the...

03:19 PM EST, 11/24/2025 (MT Newswires) -- Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) falling 1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 1.6%. In corporate news, Philip Morris ( PM ) and other tobacco stocks were lower in recent Monday trading after California Attorney General Rob Bonta...

Nov 24 (Reuters) - The U.S. State Department has approved the possible sale of Navy Multiband Terminals, a maritime military satellite communications system, and related equipment to the United Kingdom for an estimated cost of $200 million, the Pentagon said in a statement Monday. The principal contractor for the sale is RTX Corporation ( RTX ), the Pentagon said. (Reporting...