Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Bel...
Tag: business news
Peloton, Novavax, Harley-Davidson and more
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton CEO John Foley will be stepping down. The fitness equipment maker will also slash about 2,800 jobs or about 20% of ...
Peloton slashes full-year revenue outlook to $3.7 billion to $3.8 billion from $4.4 billion to $4.8 billion
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton on Tuesday slashed its financial outlook for the full year after the c...
Peloton CEO John Foley to step down, transition to executive chair as company cuts 2,800 jobs, says report
John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall...
China’s holiday box office plunges theaters raise movie ticket prices
Moviegoers line up in front of promotional posters for Chinese Lunar New Year films in Shanghai on Feb. 1, 2022. Costfoto | Future Publishing | Getty Images BEIJING — Chinese consumer spending on movi...
Bank of England’s Bailey faces backlash after discouraging pay rises
Andrew Bailey, governor of the Bank of England, speaks at a press conference on the Monetary Policy Report at the Bank of England on Feb. 3, 2022 in London, England. Dan Kitwood | Getty Images News | ...
Middle East’s growing popularity for winter sports
A skier performs a jump during a contest as part of the “DXB Snow Week” at the Ski Dubai indoor resort. KARIM SAHIB | AFP | Getty Images DUBAI, United Arab Emirates — Skiing in the desert ...
Number of rainy days and intense rainfall can affect economy: Study
A man walks through the floods towards destroyed houses in Schuld near Bad Neuenahr, western Germany, on July 15, 2021. Bernd Lauter | AFP | Getty Images Climate affects the “economic growth sto...
Tesla cut a steering component to deal with chip shortage
Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. U.S. electric car company Tesla in 2019 built its first Gigafactory outside the United States in the new Lingang area, w...
No Way Home’ could have hit $2 billion with China release
Tom Holland stars as Peter Parker in “Spider-Man: No Way Home.” Sony Since its release in December, “Spider-Man: No Way Home” continues to top box office expectations. The film...
Here’s what the Spirit and Frontier airlines merger means for travelers
Spirit Airlines and Frontier Airlines expanded aggressively over the last decade offering travelers no-frills service in exchange for ultra-low airfares. Their executives vow to keep it that way, even...
Stock futures inch higher after S&P, Nasdaq fall to start the week
U.S. stock index futures crept higher during overnight trading Monday, after the major averages moved between gains and losses during regular trading as the market awaits key inflation data later this...
Spirit Airlines, Peloton, Snowflake, Netflix and more
A Spirit Airlines aircraft takes off at Orlando International Airport. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Frontier Gro...
Arkansas’ Studio Theatre has a denied Covid relief grant overturned
The Studio Theatre in Little Rock, AR Jennifer Schlesinger | CNBC After months of limbo and mounting debts, the Studio Theatre in Little Rock, Arkansas, got some welcome news from the Small Business A...
USDA to spend $1 billion on agriculture projects tackling climate change
A wind farm shares space with corn fields in Latimer, Iowa, U.S. Jonathan Ernst | Reuters The U.S. Department of Agriculture will spend $1 billion on projects for farmers, ranchers, and forest landown...
Watch rocket builder Astra launch first Florida mission for NASA
[The company’s webcast began at 12:00 p.m. ET. Please refresh the page if you do not see the video player above.] Small rocket builder Astra is attempting to launch its first mission from Florid...
‘Matrix’ co-producer sues Warner Bros. over HBO Max streaming release
Keanu Reeves and Carrie-Anne Moss star in Warner Bros.’ “The Matrix Resurrections.” Warner Bros. Village Roadshow Entertainment, a co-producer of “The Matrix Resurrections,R...
Aging homes with higher values could help Home Depot and Lowe’s this spring
A customer wears a protective mask while looking at flowers in the garden center of a Home Depot store in Reston, Virginia. Andrew Harrer| Bloomberg | Getty Images Spring has already arrived at some H...
London’s mayor Sadiq Khan calls for register of foreign-owned property
Luxury residential townhouses stand overlooking Regents Park in London, U.K., on Friday, Nov. 29, 2019. U.K. house prices increased at their fastest pace in more than a year in November, according to ...
Sequoia leads $450 million investment in Polygon blockchain
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the...
Peloton shares up on takeover talks, here’s why a deal might not work
Peloton’s stock soared more than 25% Monday, putting it back above its IPO price, as the beaten down connected fitness equipment maker attracts interest from outsiders. Thus far, reports have na...
Spirit Airlines, Peloton, Energizer and more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit surged 11.4% in the premarket after announcing it would buy competitor Frontier Airlines in a stock swap dea...
Sequoia leads $400 million investment in crypto project Polygon
The logo of cryptocurrency network Polygon. Jakub Porzycki | NurPhoto via Getty Images Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the...
5 things to know before the stock market opens Monday, February 7
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street edged up after S&P 500, Nasdaq score best weeks of 2022 Traders work on the flo...
SoftBank-backed fintech DriveWealth is adding crypto to take on Coinbase’s ‘unsustainable’ fees
Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned....
Frontier and Spirit to merge creating 5th largest airline in U.S.
Frontier Airlines and Spirit Airlines, the two largest low-cost carriers in the U.S. have agreed to merge, creating what would become the fifth largest airline in the country. The boards of both compa...
The grandest mansions in France and Italy to buy, rent or visit
The Chateau de Chambord, in the Loire Valley region of France. DEA / C. SAPPA | De Agostini | Getty Images France and Italy are home to some of the most storied castles, palaces and grand homes in the...
Gold has remained steady as stocks and bitcoin have plunged
A worker removes cooled 12 kilogram gold ingots from their molds in the foundry at the Prioksky non-ferrous metals plant in Kasimov, Russia, on Thursday, Dec. 9, 2021. Andrey Rudakov | Bloomberg | Get...