Latest News Updates From Rachel Phua

BusinessEquipment

Struggling CarMax Reports Lower Used Car Sales

鈥淚t is clear CarMax needs change,鈥 interim CEO David McCreight said. The used car retailer terminated its former CEO William D. Nash at the start of December.

December 18, 2025
BusinessPrivateTop 100

Sysco Says Consumer Woes Hamper Long-Term Outlook

Consumers are cutting back on restaurant spending as they cope with economic uncertainties, causing Sysco to forecast annual sales at the lower end of its target range, CEO Kevin Hourican said.

July 29, 2025
BusinessPrivateTop 100

Sysco Slashes Outlook as Wary Americans Tighten Budgets

Sysco Corp. lowered its outlook as weakening consumer confidence causes Americans to dine out less.

April 29, 2025