Consumer Portfolio Services, Inc. (NASDAQ:CPSS) recently closed a $50 million securitization of residual interests from its previous securitizations. This specialty finance company focuses on providing indirect automobile financing to individuals with limited credit histories or past credit problems. Their business model involves purchasing retail installment sales contracts from franchised automobile dealerships, mainly secured by late
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It’s hard to believe that it has been 25 years since George Lucas’ Star Wars: Episode I – The Phantom Menace first graced our screens. Now, Disney is preparing to re-release this iconic film on May 3, just in time for fans to celebrate Star Wars day on May the 4th. As part of the
Sony’s latest installment in the Ghostbusters franchise, Frozen Empire, managed to pull in $4.7M from Thursday night previews across 3,561 theaters. This figure is on par with the previous film, Ghostbusters: Afterlife, which collected $4.5M in previews. It’s also worth noting that the previews for Frozen Empire outperformed 2016’s Ghostbusters, which earned $3.4M in previews
Stellantis, an automaker facing challenging market conditions, has announced that it will be laying off approximately 400 salaried employees in the U.S. These job cuts will primarily affect employees in the engineering, technology, and software units, amounting to about 2% of the total workforce in those areas. The layoffs are part of the company’s efforts
The Justice Department’s top antitrust official, Jonathan Kanter, emphasized the importance of competition on the merits in the tech industry. He stated that Apple shareholders should push the company to engage in fair competition, which benefits businesses, consumers, and the economy as a whole. This message echoes the core principles of antitrust laws, which aim
Nike, the iconic sneaker brand, experienced a significant slump of 6.2% in its stock after reporting a slowdown in growth in China during the fiscal third quarter of 2024. Despite posting better-than-expected earnings and revenue, with a boost from North American sales and price adjustments, the company faced challenges in the Chinese market. Athletic apparel
Fanatics, a prominent sports merchandise company, and DraftKings, a leading sportsbook giant, are embroiled in a legal battle over the hiring of a top executive. The feud escalated when Michael Hermalyn, a former senior vice president at DraftKings, accepted a position at Fanatics. DraftKings alleges that Hermalyn stole confidential documents and attempted to poach employees,
The dollar has been making significant gains this week, heading for a second week of increases against a variety of currencies. Even with a rate hike in Japan and a surprise cut in Switzerland, the dollar’s momentum remains strong, showcasing a divergence in interest rate policies among different central banks. This week, there has been
Kevin O’Leary, known for his ventures in business, is currently putting together a syndicate for a potential purchase of TikTok. The starting bid for the short video-sharing platform is set to be between $20 billion to $30 billion, which marks a significant cut in valuation from the company’s last funding round. TikTok, valued at $220
Japan’s core inflation accelerated in February, but an index measuring the broader price trend slowed sharply. This discrepancy highlights uncertainty regarding when the central bank will hike interest rates again. While factors such as rising wages and import costs could support price growth, analysts predict that inflation may dip below the Bank of Japan’s 2%