Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 12, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they … Read more
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price. The used equipment activation fee for subscribers in the U.S. and Canada comes as Peloton starts … Read more
Here are the most important news items that investors need to start their trading day: 1. Rate rally After a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors anticipated an interest rate cut at the Federal Reserve’s September … Read more
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters. The beleaguered connected fitness company, which is currently being run by two board members after former CEO Barry McCarthy resigned earlier this year, saw sales grow by 0.2% during its … Read more
Shauntil Cox lifts weights with the help of her trainer, Deano Troost, at a Planet Fitness in New Caney, Texas, on Sept. 19, 2023. Jason Fochtman | Houston Chronicle | Hearst Newspapers | Getty Images A growing share of gym users is looking to build muscle, leading major fitness companies to refocus their efforts beyond … Read more
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2. Michael Nagle | Bloomberg | Getty Images Peloton no longer faces an imminent liquidity crunch after a massive debt refinancing, but the company still has a long road … Read more
Kena Betancur | Corbis News | Getty Images Pfizer had a “phenomenal” first quarter — and Wall Street took notice, CEO Albert Bourla told thousands of employees during a companywide town hall on May 2, according to a recording heard by CNBC. A day earlier, the pharmaceutical giant’s stock had closed 6% higher after its … Read more
A pedestrian walks by a Peloton store on May 08, 2024 in Palo Alto, California. Justin Sullivan | Getty Images Peloton shares plunged on Monday after the connected fitness company said it’s launching a “global refinancing,” as it looks to stave off a cash crunch amid falling sales. The company is offering $275 million in … Read more
Connected fitness company Hydrow, which Peloton once tried to buy, is growing sales and has acquired a majority stake in strength training company Speede Fitness as gymgoers move away from cardio exercises in favor of weights, the company told CNBC on Thursday. Hydrow also announced that its CEO and founder Bruce Smith will step back … Read more
