Avis Budget: Q1 Earnings Snapshot
PARSIPPANY, N.J. — PARSIPPANY, N.J. — Avis Budget Group Inc. (CAR) on Wednesday reported a loss of $505 million in its first quarter.
On a per-share basis, the Parsippany, New Jersey-based company said it had a loss of $14.35.
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CBS News
an hour ago
- CBS News
Photos show aftermath of car that accidentally reversed into Kohl's in Turnersville, New Jersey
Uber launches accounts for seniors, Trump sends National Guard to LA, more news Uber launches accounts for seniors, Trump sends National Guard to LA, more news Uber launches accounts for seniors, Trump sends National Guard to LA, more news It was an action-packed afternoon at a South Jersey Kohl's after a driver accidentally reversed into the department store on Sunday. Washington Township police said a male driver accidentally backed into the front entrance of the Kohl's store, located on Route 42 in Turnersville, New Jersey, at around 1:15 p.m. Fortunately, neither the driver nor any other shoppers or Kohl's workers were injured, police said. The Washington Township Building Inspector was called to the store to assess the structural damage to the building. Shoppers were asked to avoid the area as response crews remained on site Sunday afternoon.
Yahoo
an hour ago
- Yahoo
London must ‘market its successes better' to avoid another Wise
Britain must emulate the success of Nasdaq and get better at trumpeting its business success stories if it wants to attract more companies to list in London, one of the UK's top fintech venture capital investors has said. Speaking to City AM the day that payments darling Wise revealed plans to ditch its primary listing for New York, Anthemis founder Amy Nauiokas said the London Stock Exchange (LSE) should try emulate the support promotion the US's tech-heavy bourse gives its new constituents. 'It's not brain surgery,' said Nauiokas, whose firm has been an early-stage backer of fintech success stories like Etoro, Zoopla and Tide. 'They [the LSE] need to promise UK entrepreneurs that there's a path here, and that they'll support them, build an ecosystem around them, and give the perks that the Nasdaq gives them.' London capital markets have been locked in a multi-year struggle to attract and retain some of its brightest companies. Since the start of 2024 alone, cherished listed firms like Darktrace, TUI and most DS Smith have all delisted or been taken private from the capital's stock market. And promising UK-headquartered scale-ups like Arm have opted to list in New York over London, with other darlings like Revolut and Klarna looking likely to follow suit. Departed firms have tended to cite London's stubbornly low valuations and lower liquidity relative to its US rivals, but Nauiokas argued that the lengths to which New York goes to promote and celebrate its new additions was just as important a factor. Commenting on the Nasdaq's custom of advertising its fresh listings in New York's Time Square, she said: 'Half the reason why people go there is so they get to see their their picture on 45th Street.' Her comments ring true with the rationale for ditching London given by Wise, which floated in the UK to great fanfare in 2021. Billionaire cofounder Kristo Kaarmannder said a US listing would help raise Wise's profile in the country as it joins the many London-based fintech giants looking to expand their services in the world's largest market. 'We believe the addition of a primary US listing would help us accelerate our mission and bring substantial strategic and capital market benefits to Wise and our owners,' he said in the firm's statement announcing its planned departure. Nauiokas, whose firm invests in start-ups in both the US and UK with offices in both New York and London, said she understood the Wise board's decision, adding that were she a secondary capital and pre-IPO dealmaker, she 'would probably say the best option right now was either a dual listing or a US-based IPO'. But despite the downbeat rhetoric surrounding the London Stock Exchange, she added that the ongoing political turmoil in America was something on which London – and Europe as a whole – should be poised to capitalise. 'It strikes me that all the opportunity is here [in London],' she said. 'This is a moment. A moment for investors to find great entrepreneurs and make money, but also a moment for regulatory navel gazing – government navel gazing – private partnership navel gazing – to say we could do something here. Let's do something.' Family offices and institutional money are increasingly looking to reduce the weighting of US assets in their portfolio in response to the capricious and unpredictable policy directives from the White House, Nauiokas said. Many ultra-rich families have re-weighted their portfolios from an '80/20 North America to Europe to now 50/50'. 'I'm super excited about the UK specifically. But it needs to take this moment of market geopolitical dislocation,' she said, adding: 'The LSE can do a much better job of reshaping its proposition, and the government needs to get rid of stamp duty on shares.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fox News
an hour ago
- Fox News
Booker won't accept money from Elon Musk for campaign, but urges him to 'sound the alarm' on Trump-backed bill
Sen. Cory Booker, D-N.J., told NBC News on Sunday that he wouldn't accept money from Elon Musk for his re-election campaign, but urged the former Department of Government Efficiency (DOGE) official to "sound the alarm" on the "big, beautiful bill" endorsed by President Donald Trump. "Meet the Press" host Kristen Welker asked Booker on Sunday if he would accept money from Musk after the billionaire and the president traded barbs. "I will partner with anyone like I did in the last Congress, putting my vote alongside of John McCain's, Lisa Murkowski and Susan Collins to stop the tearing down of the Affordable Care Act. This is not about right or left. It's about right or wrong. And this bill is disastrous for the average American, driving up this cost. This bill is disastrous for our long-term economy. This is an American issue, and I welcome Elon Musk, not to my campaign, I welcome him right now, not to sit back and fire off tweets, to get involved right now in a more substantive way, in putting pressure on Congresspeople and senators to not do this," Booker said. Welker asked Booker again if he would accept money from Musk. "I would not accept money from Elon Musk for my campaign, but I would be supportive of anybody, including Elon Musk, putting resources forward right now to let more Americans know, sound the alarm, treat this like a Paul Revere moment. More Americans have to understand that if this bill passes, average Americans are going to see their costs skyrocket, as this president, again, pushes legislation that is indicative of his chaos, corruption and cruelty towards Americans," Booker said. Musk criticized the Trump-backed bill as a "disgusting abomination." "This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination," Musk said in a post on X. "Shame on those who voted for it: you know you did wrong. You know it." Welker also pressed Booker on the state of the Democratic Party, asking the liberal senator about former White House press secretary Karine Jean-Pierre's decision to register as an Independent, which she announced along with a new book about her time in the White House. "Do you think Democrats have to distance themselves from the party brand in order to win?" Welker asked, noting some of New Jersey's gubernatorial candidates have also been critical of the party, ahead of the primary election on Tuesday. "I think the Democrats right now all across America should be less concerned about the Democratic Party and more concerned with the American people. There's a trust problem for Republicans and Democrats. Most Americans voted against both of the presidential candidates in the last election. We need to start standing up and show we're fighting for Americans right now," Booker responded. Booker also said he was going to endorse whoever wins the Democratic gubernatorial primary in New Jersey.
