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A CarMax dealership in Santa Rosa, California, on April 11, 2023.Justin Sullivan | Getty ImagesDETROIT – Shares of CarMax Inc. fell more than 12% during morning trading Thursday after the used car retailer announced a weak preliminary outlook for its current fiscal quarter and said CEO Bill Nash would be unexpectedly stepping down.The preliminary outlook for its third fiscal quarter includes an 8% to 12% decrease in comparable store used unit sales and net earnings per diluted share of between 18 cents and 36 cents, including 9 cents in non-recurring expenses related primarily to the leadership shakeup and other workforce…

Peloton stationary bikes for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty ImagesPeloton is recalling its original Bike+ after receiving reports that the seat post broke and detached from the equipment during use, leading to two injuries, the Consumer Product Safety Commission said in a news release Thursday. The recall impacts 833,000 units, touching every original Bike+ the company sold that was manufactured between 2019 and 2022. The bikes were sold between January 2020 and April 2025 but Peloton stopped manufacturing them in 2022. The recall comes after Peloton received…

2025-11-06T11:49:51Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Chinese fast-fashion giant Shein opened its first physical store in the world in Paris on Wednesday. Protesters and shoppers faced off outside the French capital’s iconic BHV department store. It comes as the French government announced it would suspend Shein’s online site. Fast-fashion giant Shein’s arrival in Paris this…

Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023.Mike Blake | ReutersEli Lilly on Thursday said it will start late-stage trials on its experimental amylin obesity drug next month after it showed encouraging results in a mid-stage study.The highest dose of the weekly injection, called eloralintide, helped patients with obesity or who are overweight lose 20.1% of their body weight on average at 48 weeks. The results support the pharmaceutical giant’s efforts to bring next-generation treatments to the blockbuster weight loss drug market, and solidify its dominance in the segment. The data bolsters Eli Lilly’s chances of…

This as-told-to essay is based on a conversation with Matthew Hassett, founder and CEO of Loftie. The company makes its products, including a digital clock and lamp designed to promote sound sleep, in China. As a result of Trump’s tariffs, selling inside the US has become more expensive for Loftie. To boost its business, the company is shifting its focus to an international market. The following has been edited for brevity and clarity.Until mid-August, I was very stressed. It then became clear that our plan to pivot from the US to more international sales was working really well. We’re now…

It started in early 2019 when I heard a news segment on the radio that people were retiring in their 30s through a movement called FIRE: Financial Independence, Retire Early.The premise seemed simple: Live frugally and invest aggressively until you can live off your savings and the interest for the rest of your life.I was immediately intrigued. Six years earlier, my husband and I had opened a wine store and bar in the UK, where we’re from, and were exhausted from the long hours. Not working unless I wanted to was appealing.In July 2019, at age 34, I started investing…

This as-told-to story is based on a conversation with Elizabeth Davis, a 59-year-old based outside D.C., who previously worked in communications. Her identity and application count have been verified by Business Insider. This story has been edited for length and clarity.Just over a year ago, I was laid off from Broadcom. I did internal communications and employee engagement, and it was a total dream job.I started looking for a role in October 2024, and I’ve come close a number of times. But most of the jobs have either been less than half of my previous salary, or the company decided…

Bend the knee, or go work somewhere else.That’s the message a growing number of company leaders are preaching, now that a leaner workforce is in and DEI is out.Palantir is “the first company to be completely anti-woke,” chief executive Alex Karp said on an earnings call this week. AT&T’s John Stankey warned employees this summer that an “’employment deal’ rooted in loyalty” is dead. Also this summer from GitHub’s Thomas Dohmke: “Either you have to embrace the Al, or you get out of your career.”The rhetoric represents a stark shift in tone from a few years ago, when CEOs such…

Federal agents stand outside an immigration court at the Jacob K. Javits federal building in New York in September 2025. Yuki Iwamura/AP hide caption toggle caption Yuki Iwamura/AP For three immigration judges, the day took a similar turn. Kyra Lilien, who was hired in 2023, was presiding in a courtroom in Concord, Calif., in July when she paused the hearing of an immigrant seeking asylum to read an email. “I told them that we were not going to have a hearing because I had just been fired,” Lilien said. Present in the court was a court interpreter and an attorney…

The US Department of Agriculture is moving ahead with partial SNAP payments for November, despite President Donald Trump’s threat to cut them off.SNAP, or the Supplemental Nutrition Assistance Program, provides monthly food benefits to about 42 million low-income Americans.In a Wednesday court filing in Rhode Island, the USDA said it has complied with an earlier court order, issued on October 31, to “disburse the funds in its contingency fund” to support SNAP benefits.The agency said that although the contingency fund “has never before been used to fund benefits in a lapse due to Congressional opposition to continuing appropriations,” it “took…