Peloton stock continues falling on recall of over 2 million bikes
source link: https://finance.yahoo.com/video/peloton-stock-continues-falling-recall-193948443.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Peloton stock continues falling on recall of over 2 million bikes
Peloton stock continues falling on recall of over 2 million bikes
Yahoo Finance Live discusses a drop in shares of Peloton stock after the company announced a recall of more than 2 million bikes.
-
Peloton stock continues falling on recall of over 2 million bikes
-
Krispy Kreme still testing 'the rigor' of its McDonald's partnership across regions: CEO
-
Why telehealth companies may be impacted by the official end to the COVID-19 public health emergency
-
Hyatt Hotels forecasts 'sustained' travel demand throughout 2023, CEO says
-
Google stock rises following AI integration announcements at I/O conference
-
Beyond Meat stock sinks on weakened guidance ahead of the summer
-
Smaller banks will have to consider 'open bank deals', consolidation amid banking shakeups: Analyst
-
Inflation: April CPI print is 'pretty good news' for Fed's disinflationary outlook, strategist says
-
Rao's is the 'driver of the momentum of the business', Sovos Brands CEO explains
-
1-800-FLOWERS seeks to give 'choice of price point, product' for every budget, occasion: CEO
-
Peloton stock falls following recall of over 2 million bikes tied to injuries, faulty seats
-
Google Pixel Fold has its own 'short-term challenges' amid low demand for foldable phones: Analyst
-
Google unveils new AI features to compete with Microsoft
Yahoo Finance Live discusses a drop in shares of Peloton stock after the company announced a recall of more than 2 million bikes.
- CoinDesk
Bitcoin Miner Marathon Digital First-Quarter Earnings Beat Expectations
Marathon Digital Holdings (MARA), one of the largest publicly traded crypto miners in North America, reported a narrower-than-forecast first-quarter loss per share as a rising bitcoin price and increased production helped lift the Las Vegas-based company back toward profitability. This comes as the SEC is investigating related party transactions that may have violated federal securities laws.
3h ago - The Wall Street Journal
Peloton Stock Skids After Bike Recall
Peloton shares are down around 8% in afernoon trading following the company's [recall](https://www.wsj.com/articles/peloton-recalls-2-2-million-bikes-due-to-seat-defect-996b56dd) affecting roughly 2.2 million bikes.
57m ago - Yahoo Finance
Disney stock sees biggest decline in six months after subscribers miss estimates
Disney reported quarterly earnings after the bell on Wednesday. Here's what to know.
10m ago - AP Finance
Adidas to sell Yeezy shoes and donate proceeds months after Kanye West split
After months wrestling over the fate of milions of unsold Yeezy shoes, Adidas has decided to sell a portion of its remaining inventory and donate the proceeds to chartitable organizations, CEO of the German sportbrand Bjørn Gulden said Thursday. Adidas cut ties with Ye, the rapper formerly known as Kanye West, in late October, following his antisemitic comments on social media and in interviews. As a result, the fate of 1.2 billion euros ($1.3 billion) worth of the unsold Yeezys, a lucrative sneaker line launched with Ye, was unknown.
1h ago - The Telegraph
Peloton recalls 2m bikes after seats falls off
Peloton is recalling 2.2m exercise bikes after some users injured themselves when the seats broke off.
2h ago Trump: U.S. Will ‘Have to’ Default on Debt Without Spending Cuts
During a CNN town hall Wednesday, Donald Trump said Republicans should allow the U.S. to default on its debt if Democrats didn’t agree to “massive” spending cuts. Photo: CNN
5h ago- Reuters
Musk says he has found a new CEO for Twitter
The move is likely to allay Tesla investors' concerns, who have been increasingly worried about the time that Musk is devoting to turning around Twitter. Tesla Inc shares jumped 2.4% in volume spike on the news.
29m ago - Bloomberg
Peloton Slides on Recall of 2.2 Million Bikes; Home Fix Offered
(Bloomberg) -- Peloton Interactive Inc. slid to the lowest in almost seven months Thursday after the fitness company announced a recall of about 2.2 million exercise bikes due to a safety hazard posed by the device’s seat.Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as Candidate Withdraws Days Before VoteDimon Jabs at Trump on Debt Ceiling, Says JPMorgan Has War RoomTraders Embrace Bonds as Recession Angst Builds: Markets WrapFamily Builds $90
5h ago - Yahoo Finance
Stocks mixed as investors weigh inflation data, regional bank turmoil: Stock market news today
Stock fell on Thursday afternoon as investors digested more inflation data and regional bank turmoil.
14m ago - Investor's Business Daily
Is Chevron Stock A Buy Or A Sell Right Now After Warren Buffett Reduced His Holdings?
Chevron is down 12% since the end of 2022 as Warren Buffett sold $6 billion worth of CVX in the first quarter.
45m ago - Investor's Business Daily
Entegris Stock Rockets After Chip Gear Supplier Smashes Estimates
Semiconductor equipment supplier Entegris crushed Wall Street views for sales and earnings in the first quarter. Shares surged on the news.
14m ago - The Wall Street Journal
Biden, Republicans Dig In on Debt Ceiling
With just weeks to go until the U.S. potentially defaults on paying its bills, some Democratic lawmakers floated ways to make progress toward raising the borrowing limit.
1d ago - Bloomberg
Mercedes-Backed ProLogium Seeking Funds at $2 Billion Value, Sources Say
(Bloomberg) -- Taiwanese solid-state battery maker ProLogium Technology Co. is considering raising fresh funding at a valuation of about $2 billion to ramp up growth and investments, people familiar with the matter said.Most Read from BloombergItaly Intends to Exit China Belt and Road Pact as Ties SourSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimVanguard’s Trillion-Dollar Man Leads a Fixed-Income RevolutionTrump Liable for Sex Abuse, Must Pay $5 Million to CarrollNew York
2d ago - Bloomberg
Beyond Meat Plans to Raise Up to $200 Million in Offering
(Bloomberg) -- Beyond Meat Inc. seeks to raise as much as $200 million in an equity offering as the plant-based burger maker contends with falling sales and a decline in cash reserves. Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimAbu Dhabi Royal’s Firm Shorts US Stocks on Global Recession FearsTurkey Markets Rally as Candidate Withdraw
11h ago - Investor's Business Daily
Cathie Wood Calls Elon Musk 'Renaissance Man.' Says Tesla Self-Driving 'Almost There.'
Cathie Wood has purchased 1.64 million TSLA shares so far in 2023, with her firm projecting Tesla will reach a $2,000 per share price in 2027.
8m ago - Zacks
Should Invesco S&P SmallCap Value with Momentum ETF (XSVM) Be on Your Investing Radar?
Style Box ETF report for XSVM
1d ago - Zacks
Dynatronics Corporation (DYNT) Reports Q3 Loss, Misses Revenue Estimates
Dynatronics Corporation (DYNT) delivered earnings and revenue surprises of -125% and 11.17%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
7h ago - Reuters
Peloton recalls 2.2 million exercise bikes over seat issue
The voluntary recall piles on more pressure on Peloton as it works to tackle waning demand for its fitness equipment amid an uncertain economy. "We have identified 35 reports of seat posts breaking out of 2,160,000 units sold in the United States, as of April 30," Peloton said in a statement, after disclosing the defect earlier this month. During the January to March quarter, Peloton said it had accrued $8.4 million as an estimated expense related to "voluntary corrective action plan" involving the defect.
7h ago - Yahoo Finance
This is what it would look like for retirees if Social Security’s surplus ran out
The sudden decline in monthly checks from 12 a year to nine could upend retirement budgets.
23h ago - Reuters
Activist investor Elliott pushes for changes at Goodyear, shares jump
Activist investor Elliott Investment Management L.P. disclosed a large investment in Goodyear Tire & Rubber Co on Thursday and said it wants the company to strengthen its financial position by refreshing the board, selling its stores and conducting an operational review. Elliott holds a 10% stake in the 125-year-old company, making it one of Goodyear's biggest investors. The investment firm, which manages $55 billion in assets, is proposing that five new directors join the 12-member board.
7h ago - Bloomberg
SoftBank Vision Fund Loses Money Again Despite Tech Rebound
(Bloomberg) -- SoftBank Group Corp. lost money in its Vision Fund investment unit again despite a rebound in tech stocks, as the Japanese conglomerate suffered losses on unlisted startups in its portfolio.Most Read from BloombergJamie Dimon Says US Needs to 'Finish' the Bank CrisisTurkey Markets Rally as Candidate Withdraws Days Before VoteHedge Funds Drive Credit Suisse CDS Higher on Bets of a PayoutSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimFamily Builds $900 Million
10h ago - Exec Edge
Sovos Q1 Sales Jump on Rao’s Brand; Raises Full Year Sales and Profit Guidance
By Exec Edge Editorial Staff Sovos Brands, Inc. (Nasdaq: SOVO) said first-quarter sales rose 20.4%, driven by strong Rao’s revenue, leading it to raise full-year guidance. “Sovos Brands delivered another exceptional quarter, with 27% volume-led organic net sales growth and 30% adjusted EBITDA growth,” commented Todd Lachman, President and Chief Executive Officer. “We are updating […]
23h ago - Zacks
Is Trending Stock SoFi Technologies, Inc. (SOFI) a Buy Now?
SoFi Technologies, Inc. (SOFI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
7h ago - TipRanks
‘This Is Beyond Anything I’ve Seen’: Mark Cuban Says He’s Amazed by the Potential Impact of AI — Here Are 2 Stocks That Wall Street Likes
With the rise of ChatGPT, AI (artificial intelligence) has been generating an enormous amount of buzz this year, based on the tech’s potential to impact so many facets of everyday life and the way we interact with the world around us. But is it really a seismic development or just overhyped tech? Billionaire entrepreneur Mark Cuban falls resolutely in the former camp. Having recently waded in on the conversation, Cuban has said the tech’s potential is “beyond anything I’ve ever seen,” comparing
7h ago - Barrons.com
BUD Stock Has Fallen for Five Days. The Boycott Blues Have Kicked Back In.
Shares of beer maker Anheuser-Busch InBev stock are down again as a conservative boycott continues to loom over the company.
1h ago - Zacks
KeyCorp (KEY) Hurt by Rising Expenses & Loan Concentration
A lack of loan diversification and a steady rise in operating expenses are major near-term headwinds for KeyCorp (KEY).
6h ago - Zacks
Veru Inc. (VERU) Reports Q2 Loss, Tops Revenue Estimates
Veru Inc. (VERU) delivered earnings and revenue surprises of -33.33% and 66.06%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
8h ago - Zacks
Catalyst Pharmaceutical (CPRX) Misses Q1 Earnings Estimates
Catalyst (CPRX) delivered earnings and revenue surprises of -13.33% and 2.80%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
22h ago - Zacks
Insiders Are Diving Into These 3 Stocks
When an insider buys, it can deliver a positive message to shareholders, indicating that they're confident in the long-term picture of the business.
23h ago - Investor's Business Daily
8 'Pure' Growth Stocks Are Stealthily Making Investors Rich Fast
Everyone knows just a handful of giant stocks are driving the S&P 500's market value gains. But investors are making gains on pure growth.
1d ago - The Wall Street Journal
EV Startups Are Proving Warren Buffett Right
Polestar became the latest electric-vehicle manufacturer to cut its forecast for 2023 deliveries on Thursday, sending its stock down 11%.
3h ago - Reuters
Brazil's Petrobras to pay $5 billion in dividends, but hints at changes
SAO PAULO (Reuters) -Brazil's state-run oil company Petrobras said on Thursday its board approved dividends later this year of about 24.7 billion reais ($4.94 billion), but also hinted at future changes in its payout policy. Petroleo Brasileiro SA, as the firm is formally known, said in a filing with regulators that it will pay dividends of 1.893577 reais per share in two installments on August 18 and September 20. The Brazilian oil giant noted that the payouts are in line with its current shareholder remuneration policy, which allows distributions to investors of 60% of the difference between operating cash flow and investments.
1h ago - Zacks
Tenaya Therapeutics, Inc. (TNYA) Is a Great Choice for 'Trend' Investors, Here's Why
Tenaya Therapeutics, Inc. (TNYA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
8h ago - Zacks
Should You Buy ImmunoGen (IMGN) After Golden Cross?
Is it a good or bad thing when a stock experiences a golden cross technical event?
6h ago - Zacks
The Trade Desk (TTD) Q1 Earnings and Revenues Top Estimates
The Trade Desk's (TTD) first-quarter 2023 results reflect gains from solid customer retention and a growing innovative product pipeline.
4h ago - Reuters
JPMorgan CEO Dimon says bank is convening a 'war room' on debt ceiling
NEW YORK (Reuters) -JPMorgan Chase & CO CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss the implications of a potential U.S. default, according to an interview on Bloomberg TV. Turning to the banking crisis, Dimon said regional banks are "quite strong" after reporting good earnings. Despite those concerns, Dimon blamed the recent banking crisis on CEOs and boards of failed lenders.
7h ago - Bloomberg
Topgolf Sinks Most Since 2020 on Concern Golf Boom Is Fading
(Bloomberg) -- Topgolf Callaway Brands Corp. tumbled by the most since October 2020 on Wednesday after the company cut its profit forecast for the year, signaling that interest in golf is cooling following a pandemic-fueled surge.Most Read from BloombergTucker Carlson’s Twitter Move Wipes $235 Million From RumbleSteve Schwarzman Holds Off Giving Money to DeSantis After Meeting HimUS Inflation Shows Signs of Moderating, Giving Fed Room to PauseTreasuries Advance After CPI; Stocks Edge Higher: Mar
1d ago - Zacks
Is It Worth Investing in Energy Transfer LP (ET) Based on Wall Street's Bullish Views?
The average brokerage recommendation (ABR) for Energy Transfer LP (ET) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
7h ago - Barrons.com
Icahn Enterprise Stock Has Tumbled 36%. The Short-Seller Saga Isn’t Over.
Hindenburg Research’s claims about the company have forced investors to pay attention to a problem that was lurking in plain sight.
3h ago - Investor's Business Daily
Dow Jones Slides 350 Points After Cool Inflation Data, Rising Jobless Claims; PacWest Plunges 30% On Falling Deposits
The Dow Jones Industrial Average dropped 350 points Thursday on cool inflation data and surging weekly initial jobless claims. PacWest plunged 30% on falling deposits.
6h ago
Recommend
-
9
Inside 'Project Tinman': Peloton's Plan To Conceal Rust In Its Exercise Bikes 6793 members Technology The latest news, reviews and feat...
-
4
Fe2O3 — Inside “Project Tinman”: Peloton’s plan to conceal rust in its exercise bikes Company insiders say execs hatched a scheme to cover up corrosion, avoid costly recall.
-
5
Peloton Bikes And Treadmills Are Getting Cheaper — But There's A Catch ...
-
2
RetailPeloton is raising subscription fees while cutting prices for its Bikes and other equipmentPublished Thu, Apr 14 202211:00 AM EDTUpdated Thu, Apr...
-
3
Peloton will stop building treadmills and bikes in-house to reduce costs The troubled fitness company is still trying to slim down By...
-
7
You might not know if your blender will kill you America’s messy, screwed-up product recall system, explained. ...
-
5
The Hoverboards Are Still ExplodingThe U.S. Consumer Product Safety Commission issued a recall of 53,000 hoverboards manufactured by Jetson Electric Bikes.
-
5
Peloton Recall Nightmare: 2.2 Million Bike Owners Told To Stop Riding
-
5
Peloton Bike Recall: How To Keep Your Streak Going And Maintain Your Fitness Goals ...
-
6
Peloton Bike Recall 2023: When Will Your Replacement Seat Post Ship? ...
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK