The CE 100 Index got a boost this week from China. The overall Index’s 2.2% rally came as two of our names — Pinduoduo and Tencent — soared double digit percentage points. Investor sentiment was buoyed as the the People’s Bank of China announced rate...
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and released a long-term strategic plan leveraging its assets like United Auto Credit Corporation (UACC), a...
It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore up the track last week. Solid Q2 earnings performances from Affirm and Sezzle led the CE 100 to a flat...
Earnings were everywhere this past week, propelling the CE 100 Index 4.7% higher, and any losses seen among our names were negligible. In fact, most of those declining stocks slipped less than 1%, except Tencent, which was down double digits. Vroom shares rallied by nearly...
October 07, 2024
The CE 100 Index slipped 0.6% as October’s first few days of trading brought investors firmly into the fourth quarter while reversing some of the gains seen in the past few weeks. The continuation of a trend — where Chinese names had led advancing issues through the past several sessions — was not enough to […]
September 30, 2024
The CE 100 Index got a boost this week from China. The overall Index’s 2.2% rally came as two of our names — Pinduoduo and Tencent — soared double digit...
September 23, 2024
In a move to redefine its future, used car digital marketplace Vroom on Tuesday (Sept. 23) said it completed the wind-down of its eCommerce and used vehicle dealership operations and...
September 02, 2024
It doesn’t have a dedicated heading in the Connected Economy, but the Buy Now, Pay Later sector of the “pay and get paid” pillar tore up the track last week....
July 02, 2024
Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. The Federal Trade Commission (FTC) said in a Tuesday (July 2) press release that Vroom agreed to the proposed settlement after the regulator took action against […]
April 05, 2024
Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all” of its used vehicle inventory...
January 22, 2024
Vroom is winding down its eCommerce operations and discontinuing its used vehicle dealership business. The company aims to preserve liquidity and maximize stakeholder value through its remaining businesses, Vroom said in...
November 09, 2023
Digital automotive platforms are adding features and cutting costs as they continue to cope with a challenging economic environment. CarGurus executives said Tuesday (Nov. 7) during a quarterly earnings call that...
