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Tata plots big comeback in SA with new cars, confident it can beat Chinese brands

Tata plots big comeback in SA with new cars, confident it can beat Chinese brands

News2411 hours ago
Tata has returned to SA and is confident it can grow amid competition from Chinese brands that have also entered the market lately.
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Why Carvana (CVNA) Stock Is Trading Lower Today
Why Carvana (CVNA) Stock Is Trading Lower Today

Yahoo

time2 hours ago

  • Yahoo

Why Carvana (CVNA) Stock Is Trading Lower Today

What Happened? Shares of online used car dealer Carvana (NYSE: CVNA) fell 3.8% in the afternoon session after Hertz Global Holdings announced it will begin selling certified used cars on a move that introduces a significant new competitor into the online vehicle market. The move allows shoppers to browse, finance, and purchase Hertz's pre-owned vehicles through the e-commerce giant's platform, Amazon Autos. This development is viewed as a direct challenge to Carvana's online sales model, raising concerns about increased competition in the digital used car market. Investors appear worried that the partnership between Hertz and Amazon could negatively impact Carvana's sales and market share. Furthermore, the new arrangement could lead to fewer of Hertz's used vehicles being sold through the Carvana platform, directly affecting its inventory and sales channels. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Carvana? Access our full analysis report here, it's free. What Is The Market Telling Us Carvana's shares are extremely volatile and have had 42 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was about 22 hours ago when the stock dropped 4.3% on the news that investor apprehension intensified ahead of a key policy speech and perplexing inflation signals clouded the economic outlook, leading to a wider market retreat from growth-oriented stocks. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. Carvana is up 66.3% since the beginning of the year, but at $331.83 per share, it is still trading 15% below its 52-week high of $390.17 from July 2025. Investors who bought $1,000 worth of Carvana's shares 5 years ago would now be looking at an investment worth $1,638. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

Tiger Woods will head new PGA Tour competition committee, new CEO announces
Tiger Woods will head new PGA Tour competition committee, new CEO announces

New York Times

time2 hours ago

  • New York Times

Tiger Woods will head new PGA Tour competition committee, new CEO announces

ATLANTA — Brian Rolapp's first message as PGA Tour CEO: He's not afraid to change everything. Rolapp's first public move was to announce a Future Competition Committee, chaired by Tiger Woods, with the aim of a 'holistic relook at how we compete on the tour.' The committee, announced Wednesday before the Tour Championship, plans to find the 'optimal competitive model' for professional golf after several years of change and turmoil. Advertisement 'The goal is not incremental change,' Rolapp said. 'The goal is significant change.' Woods went as far on social media as to call it a 'new era' for the PGA Tour. This committee is a mixture of top player voices and business advisors, including Fenway Sports Group principal John Henry from the private equity consortium Strategic Sports Group, which invested $1.5 billion into PGA Tour Enterprises last year. It also includes former Boston Red Sox and Chicago Cubs executive Theo Epstein. Rolapp said he wants to ensure golf is the best version of a meritocracy, where top players compete together more often, and the regular season and postseason should be easy for fans to understand. The new CEO joined the tour this summer after spending the last two decades at the NFL, most recently serving as the league's chief media and business officer. For this news conference, he was introduced by his predecessor in all things but title, PGA Tour commissioner Jay Monahan, who will stay on through his contract's 2026 end despite Rolapp taking control. 'Time will demonstrate that (Rolapp) is exactly the right leader for the PGA Tour at this moment in time and this moment in its evolution,' Monahan said, 'and that's why he already enjoys such broad support from our players, partners and team members who have had the opportunity to spend time with him.' Honored to serve as Chairman of the Future Competition Committee. This is about shaping the next era of the PGA TOUR — for our fans, players and partners. Thanks to @BrianRolapp for his vision and leadership, and grateful to the committee members for their willingness to… — Tiger Woods (@TigerWoods) August 20, 2025 Only on the job for three weeks, Rolapp said he has not spoken with anyone from the Public Investment Fund of Saudi Arabia — talks between the two sides have stalled since multiple White House meetings in February — and did not offer any specifics on plans for the SSG investment. Much of his focus Wednesday was on the Future Competition Committee and setting a strong mandate. Advertisement 'I don't think fans should expect anything we're doing now to exist in perpetuity,' he said. For example, the PGA Tour announced in May that it decided to change the Tour Championship midway through the season, removing the staggered starting-strokes format it's used since 2019. That provided proof of the tour's willingness to make improvements quickly, and that there's no correct timeline for any further changes in the format. It will make changes when leadership agrees it's necessary. 'I think the right answer to that is we will take as much time as is needed to get it right, at least the initial time out, but we're going to aggressively move,' Rolapp said. 'So I would like to put in the right competitive model as soon as we can.' Regarding his core principle of parity, Rolapp said one of the best things golf has going for it is that the difference between the fifth and 35th best player in the world is razor thin. That's something he wants to lean into, although it's unclear how. As for simplicity, he alluded to a need for improvement in fans' understanding of the stakes of any tournament. 'If this person wins, if this person loses, if this person finishes here on the leaderboard, what does that mean and how does that tie to the postseason?' Rolapp said. The players on the committee are Woods, Patrick Cantlay, Adam Scott, Camilo Villegas, Maverick McNealy and Keith Mitchel, who are all either members of the PGA Tour policy board or the player advisory council. From the business side, it includes PGA Tour policy board chairman Joe Gorder, the former Valero Energy CEO, alongside Henry and Epstein. Rolapp said he wanted to announce this committee before its first meeting because he wants there to be immediate feedback from fans, media partners and players to help improve the discussions. 'If we had done a bunch of work and then announced it and gave the committee a baked cake, you're not getting a great result,' Rolapp said. 'I wanted the opposite.' Spot the pattern. Connect the terms Find the hidden link between sports terms Play today's puzzle

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