Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton investors are fleeing after the company’s...
Tag: Breaking News: Business
Peloton (PTON) reports Q4 2022 losses mount
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton on Thursday reported widening losses and slumping sales for its fisc...
Sky-high rents hit the aircraft market as Boeing jets top $300,000 a month
An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in Mobile, Alabama. Michael Spooneybarger | Reuters Passengers aren’t the only ones ...
‘Aquaman,’ ‘Shazam’ postponed amid Warner Bros. Discovery slate shuffle
Aquaman Source: Warner Bros. | DC Comics The release dates for the sequels to “Aquaman” and “Shazam” are being shuffled, as Warner Bros. Discovery seeks to cut costs following ...
Peloton to sell fitness equipment, apparel on Amazon
Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In...
Macy’s (M) reports fiscal Q2 2022 earnings
Macy’s Herald Square Flagship Department Store in Midtown Manhattan New York. Nicolas Economou | NurPhoto | Getty Images Macy’s on Tuesday cut its full-year forecast, saying it anticipates...
‘House of the Dragon’ is largest HBO series premiere in history
Milly Alcock as Rhaenyra Targaryen in HBO’s “House of the Dragon,” a prequel to “Game of Thrones.” Warner Bros. Discovery HBO’s “House of the Dragon” ha...
Ford to eliminate 3,000 jobs in an effort to cut costs
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor is cutting about 3,000 jobs from its global workforce, as the automaker attempts to lower costs as part of r...
McDonald’s board adds three new directors in shake-up
The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s board is gaining three new members and losing one longtime dir...
House of the Dragon and Rings of Power are coming: What’s at stake
Promos for HBO MAX Game of Thrones: House of the Dragon (L), and Prime Video Lord of the Rings: The Rings of Power. HBO Max | Amazon As summer comes to an end, two expensive fantasy series filled with...
Take a look at Ford’s futuristic vision for its luxury Lincoln brand
Lincoln Model L100 Concept Lincoln Ford Motor on Thursday unveiled a sleek, futuristic concept car to showcase the company’s vision for its Lincoln luxury brand. The Model L100 concept pays homa...
Investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock falls 30%
Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures du...
Home Depot CEO Ted Decker to replace retiring Craig Menear as chair
Ted Decker, Home Depot Source: PRNewswire Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. He replaces former CEO Craig Menear, who will retire as chair S...
Airline unions urge carriers not to resume buybacks when bailout ban ends this fall
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The largest U.S. airlines...
NFL suspends Deshaun Watson for 11 games over sexual misconduct claims
Deshaun Watson #4 of the Cleveland Browns takes off his helmet during Cleveland Browns training camp at CrossCountry Mortgage Campus on August 09, 2022 in Berea, Ohio. Nick Cammett | Getty Images The ...
Taco Bell tests its own meat substitute ahead of Beyond Meat launch later this year
Taco Bell’s new Crispy Melt Taco, made with a plant-based meat substitute Source: Taco Bell Taco Bell is testing a plant-based meat substitute made from soy and pea protein at its restaurants in...
People aren’t cutting back on tips even as inflation surges
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, talks to customers at an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | MediaNews G...
Child polio vaccination rate low in some New York areas, increasing outbreak risk
Nurse Lydia Fulton prepares to administer the measles, mumps, and rubella (MMR) vaccine as well as a vaccine used to help prevent the diseases of diphtheria, pertussis, tetanus, and polio at Children&...
Bed Bath & Beyond shares fall after investor Ryan Cohen reveals intent to sell stake
Bed Bath & Beyond shares tumbled in premarket trading Thursday after activist investor Ryan Cohen said in a filing he intends to sell his entire stake in the retailer through his firm RC Ventures....
Vince McMahon paid $5 million to Donald Trump’s foundation, WWE finds
Vince McMahon (R) and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport on June 22, 2009 in Green Bay, Wisconsin. Mark A. Wallenfang | Getty Images Ente...
This $3.8 billion hedge fund is shaking up the industry with its pay-for-performance model
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, K...
Hedge funds are sitting on a record level of bearish bets on the stock market
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Hedge funds are getting increasingly skeptical about this big rally that broke out in the m...
Dodge unveils electric muscle car concept Charger Daytona SRT
Dodge Charger Daytona SRT concept car Dodge DETROIT — Dodge on Wednesday unveiled a new concept car called the Charger Daytona SRT as a preview of its first all-electric muscle car, expected in 2024. ...
CDC admits Covid response fell short, launches reorganization
Rochelle Walensky, MD, MPH, Director, United States Centers for Disease Control and Prevention; speaks during the COVID Federal Response Hearing on Capitol Hill on June 16, 2022 in Washington, DC. Joe...
‘Flash’ star Ezra Miller’s apology is not a get out of jail free card, experts say
Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ ‘Justice League’ at Dolby Theatre on November 13, 2017 in Hollywood, California. Axelle/bauer-griffin | Filmmagic ...
Target (TGT) Q2 2022 earnings: Profit falls nearly 90%
A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and...
This is Dodge’s first electrified vehicle
2023 Dodge Hornet GT Dodge DETROIT – The first electrified vehicle for the Dodge brand under Stellantis will be a plug-in hybrid crossover called the Hornet, a resurrected name most recently used for ...
Walmart (WMT) earnings Q2 2023
A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart on Tuesday said sales grew more than 8%, but profits tighte...