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Carvana Co. ’s bonds are touching all-time lows, spotlighting investors’ concerns about the used-car seller’s long-term trajectory as it burns cash and faces rising borrowing costs. Carvana’s long-term bonds have declined to distressed levels, with some now trading as low as 33 cents on the dollar on Wednesday, a sign that investors don’t believe they will be paid back in full. The yield on their 10.25% notes was over 30% as of Tuesday, according to MarketAxess , a sign that Carvana would struggle to…

After nearly four years of lawsuits, court decisions and recriminations between Larimer County and Thornton over the city’s efforts to pipe water from the Cache la Poudre River to fuel future growth, Colorado’s home builders are now weighing in with a warning that the ongoing standoff risks worsening the state’s affordable housing crisis. In a letter sent to Larimer County officials on Oct. 31, the Home Builders Association of Metro Denver and the Colorado Association of Home Builders wrote that the county’s February 2019…

A clutch of crypto exchange-traded funds launched with much fanfare in Australia are headed for delisting. A clutch of crypto exchange-traded funds launched with much fanfare in Australia are headed for delisting, becoming the latest casualties of the this year's digital-asset rout. The management teams behind the Cosmos Purpose Bitcoin Access ETF, Cosmos Purpose Ethereum Access ETF and Cosmos Global Digital Miners Access ETF applied to revoke their quotations on the exchange run by Cboe Australia Pty. Cosmos…

Rocked by its biggest energy shock since the 1970s, Europe is unpicking parts of a two-decade endeavor to foster a competitive market in natural gas.In coming weeks, the European Union will ask member states for the ability to cap gas prices in extreme market conditions. It wants energy companies to club together to gain price-negotiating clout against overseas exporters. And it is planning a new reference for gas prices in the region. Leaders of EU member states agreed Friday to push the planned market shake-up forward,…

A dangerous challenge spreading on TikTok and other social media platforms has car owners and police departments on alert across the country — challenging young teens to steal certain cars off the street using a USB cord.The target? Certain makes and models of 2010-2021 Kia and Hyundai vehicles that use a mechanical key, not a key fob and push-button to start the car. Investigators tell CNBC the trend started last year and the number of cars being stolen is continuing to surge across the country. In St. Petersburg,…

Overall, 74% of companies accelerated plans to move to the cloud by more than a year, jettisoning legacy technologies and operating models to embrace data and applications, according to business analysis firm ZK Research. A key part of that transformation relied on using applications, usually in the cloud, that integrated apps and data with low-code functionality to create more efficient workflows, more quickly than ever. Low-code is a software development approach for building processes and functionality with little or…