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Rental Companies Buy Up Used Cars as Chip Crisis Get Worse Bloomberg 4 hrs ago David Welch (Bloomberg) -- The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction. Popular Searches This is uncharted territory for the likes of Hertz Global Holdings Inc. and Enterprise Holdings Inc., which have made their profits by purchasing new vehicles cheaply in bulk, renting them out for as much as a year and selling them at auction. In the past, they have bough...

Rental car agencies rush to build back fleets — by buying used cars Autoblog 5/3/2021 Bloomberg Rental cars stored on the parking lot of Dodger Stadium in May 2020 in Los Angeles. They were sold off as the pandemic hurt the travel industry. (AP)     The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction. This is uncharted territory for the likes of Hertz Global Holdings Inc. and Enterprise Holdings Inc., which have made their profits b...

Markets So far Monday, April 26, NASDAQ is up 0.09% and the S&P is up 0.01%. Here are this morning’s most active stocks: Microvision (MVIS – Research Report), Sangamo Biosciences (SGMO – Research Report), Navios Maritime Partners (NMM – Research Report), Novavax (NVAX – Research Report) and Cree (CREE – Research Report). Microvision is up 13.41% in midday trading to $22.67. Shares opened today at $19.99. The company has a 52-week low of $0.24 and a 52-week high of $24.18. Sangamo Biosciences is up 5.84% in midday trading to $12.33. Shares opened today at $11.65. The company has a ...

Photo: Peloton Congestion at US ports has become a mainstream issue not simply confined to shipping people. Retail supply chains, which gets to the items that consumers are buying in stores - or, these days, through online shopping - have been greatly impacted. The New York Times, for example, where maritime coverage is reserved for major oil spills or other “crisis” events, discussed container shipping in an early March “top of the fold/ webpage report. When inventories of sneakers, or trainers, at the FootLocker  stores are down by a reported 30%,...

Candace Owens, 31, welcomes baby boy with her British husband saying 'the whole world stops when your child is born' - as Megyn Kelly and Lara Trump offer their well wishes Candace Owens, 31, revealed Saturday she welcomed her first child on January 13 this year with her British husband George Farmer  'It’s true what they say— the whole world stops when your child is born. 1/13/21 My first born son,' she shared on Twitter on Saturday with a snap of her baby She had announced her pregnancy on August 28 on Instagram Owens and Farmer married in August 2019 at Trump Winery near Charlottesvil...