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Jianpeng Holdings (01722.HK) rose more than 105%.Both U.S. and Brent crude oil prices fell by more than 1% during the day, and are now trading at $64.93 per barrel and $67.2 per barrel respectively.Japanese Deputy Chief Cabinet Secretary Kazuhiko Aoki confirmed that Japan-US tariff negotiations are still proceeding actively and Japan remains committed to seeking a mutually beneficial agreement.July 7th news, the market generally expects the Reserve Bank of Australia to cut interest rates for the third time this year on Tuesday, but there are also some voices calling for a more cautious approach. Although the latest inflation data is generally mild, there are still some "hot spots" - the quarterly core inflation rate recently entered the top of the 2% to 3% target range. Institutional analysis believes that the Reserve Bank of Australias Monetary Policy Committee may wait another month, when the latest inflation data will be obtained. The cautious Reserve Bank of Australia Chairman Bullock may lobby the committee to wait patiently, and the Reserve Bank of Australia will not lose anything by doing so.Zhisu Technology Group (01159.HK) rose more than 46%.

The 30% Rise in Carvana's Stock Price Attracted New StockTwits Followers

Aria Thomas

Dec 09, 2022 11:57

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On Thursday, shares of Carvana Co (NYSE:CVNA) increased by around 30%, erasing a chunk of the previous day's precipitous losses due to worries over the used vehicle seller's liquidity.


Carvana topped the list of companies that attracted the most new followers on StockTwits, a platform utilized by inexperienced traders.


Following a report by Bloomberg that Carvana was speaking with attorneys and investment bankers for debt management alternatives, the company's stock plunged by more than 40 percent on Wednesday to a new low.


This year, the company was obliged to downsize its employees owing to a decline in demand for used automobiles and high costs, hence cutting its expenses.


Its notes maturing in 2025 were under pressure at around 42 cents on the dollar, above the month-ago low of 40 cents but below Wednesday's closing price of almost 43 cents.

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