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Source: TradingView.comKey TakeawaysCarvana shares soared in extended trading on Wednesday after the online car dealer blew past Wall Street’s third-quarter earnings estimates and raised its full-year outlook.The stock has recently reclaimed the 200-week moving average and sits poised to break out above the upper trendline of a rising wedge pattern following the company’s better-than-expected quarterly results.Investors should monitor key overhead price levels on Carvana’s chart around $240, $300, and $365.During retracements, investors should closely monitor the $165 level, a location where the shares would likely attract buying interest near the September 2020 pullback low and January 2022 countertrend high.Carvana (CVNA)…

Jason Redmond / AFP / Getty Images Microsoft CEO Satya Nadella speaks during the Microsoft Build conference in Seattle, Washington, on May 21, 2024After Microsoft (MSFT) reported fiscal first-quarter earnings that topped analysts’ estimates, CFO Amy Hood told investors on the company’s earnings call that demand for artificial intelligence (AI) “continues to be higher than our available capacity.”Microsoft’s Intelligent Cloud segment, which includes the Azure cloud computing platform, led growth in the quarter. Its revenue was up 20% year-over-year to $24.09 billion as demand for AI surged, though shares fell after a warning growth could slow in the second quarter.The…

David Paul Morris / Bloomberg / Contributor / Getty Images Meta CEO Mark Zuckerberg speaks at Meta Connect, Meta’s annual event on its latest software and hardware, in Menlo Park, California, on Sept. 25, 2024Meta Platforms (META) CEO Mark Zuckerberg said in Wednesday’s earnings call that more spending on artificial intelligence (AI) products and infrastructure “is maybe not what investors want to hear in the near term,” but that he feels it’s necessary for the tech giant to seize opportunities in the industry.The earnings call followed an estimate-topping third quarter from Meta, with net income coming in more than $2…

Tesla CEO Elon Musk.Steve Granitz/FilmMagic via Getty ImagesA lawsuit by the Philadelphia DA could halt Musk’s $1M-a-day voter giveaway Thursday.By then, the purpose of the giveaway will have been served.Musk has used the giveaway to encourage voter registration and push swing-staters to the polls.The Philadelphia district attorney will take Elon Musk’s America PAC to court on Thursday morning in an effort to shut down a $1 million daily giveaway that the DA called an “illegal lottery” in a lawsuit filed Monday.”If not enjoined, their lottery scheme and unfair and deceptive conduct will irreparably harm Philadelphians (and others in Pennsylvania) as…

Xinhua News Agency / Getty ImagesKey TakeawaysDespite the devastating impact of the pandemic, the U.S. economy is now growing faster than forecasters had expected before COVID-19 hit.Resilient consumer spending and employer hiring have powered the economy through every bump in the road.Economists are optimistic about the growth continuing in the near term.The economy is doing better than almost anyone thought possible a few years ago and has even exceeded pre-pandemic expectations.A report on third-quarter Gross Domestic Product released Wednesday hammered home the U.S. economy’s rapid recovery from the pandemic and the burst of high inflation that followed it. The 2.8% annual growth…

Starbucks will stop charging extra for non-dairy milks, the company announced.AP Photo/Lindsey Wasson, FileStarbucks will stop surcharges on non-dairy milk ahead of the holidays.CEO Brian Niccol announced the change during a Wednesday earnings call.The new policy will save some customers as much as 10% on their orders, Niccol said.Starbucks is giving almond milk lovers and oat milk enthusiasts a holiday gift this year.The coffee chain will stop charging extra for non-dairy milk substitutions next month, CEO Brian Niccol said during a Wednesday earnings call.Beginning November 7, Starbucks will cease surcharges for US customers, which could save some consumers more than…

Bloomberg / Contributor / Getty Images Key Takeaways The S&P 500 slipped 0.3% on Wednesday, Oct. 30, as the latest GDP data showed an unexpected deceleration in economic growth during the third quarter. Super Micro Computer shares plummeted after accounting firm EY resigned from its role as auditor for the server and data storage provider. Shares of Garmin surged after the maker of fitness monitors and other wearable devices beat quarterly estimates and lifted its full-year outlook. Major U.S. equities indexes traded in positive territory for much of the session on Wednesday before losing ground in the afternoon and closing…

OpenAI’s Sam Altman and Microsoft CEO Satya Nadella.Justin Sullivan/Getty ImagesMicrosoft disclosed an equity investment in OpenAI for the first time, SEC filings show.Microsoft previously disclosed its relationship with OpenAI as only a “partnership.”Microsoft and OpenAI’s relationship has evolved in recent months.Microsoft disclosed an equity investment in OpenAI for the first time, according to its latest SEC filings.On Wednesday, the company released its quarterly results. In legally required disclosures, Microsoft included information about its relationship with OpenAI.”We have an investment in OpenAI Global, LLC (“OpenAI”) and have made total funding commitments of $13 billion,” Microsoft wrote in the SEC filing on…

Tesla CEO Elon Musk.Ryan Collerd/AFP via Getty ImagesTesla’s falling California sales point to bigger problems for the car company.Changes to the EV market are finally catching up to Tesla.Some customers and investors are losing patience with Musk’s political antics.Tesla is losing some ground in its home state of California, signaling more trouble ahead for the world’s largest electric car company.As electric car sales rose 2% in California, Tesla’s sales in the state fell 3.5%, according to third-quarter figures from the California New Car Dealers Association. That’s not an anomaly. It’s the third straight quarter of Tesla sales declines in the…

When you buy through our links, Business Insider may earn an affiliate commission. Learn moreOn the left, I’m wearing Lululemon’s Smooth Fit Pull-On High-Rise Pants. On the right, I’m wearing the Halara Paper Bag Suit Pants.Talia Ergas/Business InsiderTwo things can be true at once: You can look polished and professional in an office setting and dress like you’re kicking back in your favorite sweatpants. One item among the best women’s workwear that’s in-demand now more than ever is a comfortable work pant. Below are our favorite stretchy work pants for women, made especially for anyone like us who works best…