00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The U.S. oil industry is showing stress signals as tariff squeeze profits,
00:06consumer demand weakens, and lenders collapse, according to the Wall Street Journal.
00:09CarMax shares fell 20% Thursday after reporting steep declines in sales and earnings,
00:13with CEO Bill Nash noting that even strong credit buyers are holding back.
00:17Ford is discounting F-150 pickups, Honda is canceling an EV SUV,
00:21and other brands are slashing prices before tax credits expire.
00:25Subprime lender Tricolor filed for bankruptcy earlier this month.
00:27Not-O-Part Supplier First Brands is reportedly preparing its own bankruptcy filing.
00:32Bosch announced 13,000 job cuts as tariffs and trade uncertainty weigh on the supply chain.
00:37NLSA investors may struggle to interpret CarMax's results amid industry-wide disruption.
00:42For all things money, visit Benzinga.com.
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