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Investors in online used-car seller Carvana Co. CVNA 15.29% say they are frustrated at how executives handled the company’s downturn and are anxious about being pushed aside in a restructuring that could potentially involve the chief executive’s father, the company’s biggest shareholder.Carvana soared in the pandemic and like other big winners of that time it vastly overestimated its growth potential. Carvana, though, loaded up on debt to fund the expansion, leaving it…

For nearly two years, car dealers have been focused on getting more cars onto their lots amid a severe inventory crunch. Now, some are worried about how quickly they will be able to move them off. But as new-vehicle stocks are slowly replenished, some dealers say there are signs that an uncertain economic outlook and higher interest rates are starting to dampen demand. “There is pent-up demand from people who’ve been in the market for six or nine months and haven’t been able to find a car,” said Peter…

Europe is bracing for a confrontation with Washington over a new law that encourages businesses to invest more in the U.S., an initiative European officials say threatens the region’s economy as it teeters on the verge of a recession. President Biden and French President Emmanuel Macron discussed the issue in Washington last week, and Mr. Biden signaled he was open to talks but made no commitment to amend the legislation. European leaders are now considering their response. Europe is…

Traders on the floor of the NYSE, June 27, 2022.Source: NYSEU.S. stock futures were little changed after hours Monday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter earnings season this week.Dow Jones Industrial Average futures fell by 12 points, or 0.03%. S&P 500 and Nasdaq 100 futures dipped 0.03% and 0.03%, respectively.Shares of Gap fell more than 3% in extended trading after the apparel retailer said CEO and president Sonia Syngal is stepping down from her…