Posts Tagged: traders

Look at Carvana Stock Surge!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to theStreet.com, Carvana stock surged as much as 33% today! But why? Questions: 1. What do some traders speculate that the change is due to? Explain. 2. What happened to Carvana stock in 2022 and why? 3. During the COVID pandemic, how many times did Carvana go into debt? Source: Chang, E. (2023). Carvana… Read more »

LIBOR Scandal Widens

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

Bank of America, the second largest U.S. bank, has received subpoenas from the U.S.Justice Department, the Commodity Futures Trading Commission, and U.K. Financial Services Authority requesting information about the company’s possible role in the rigging of a key international lending benchmark, LIBOR. Regulators have queried at least a dozen banks worldwide about their roles in… Read more »