Peloton stock plunges after 20,000 members canceled subscriptions while waiting for recall
A Peloton recall involving the adjustable seat on more than two million bikes is becoming a bigger headache than expected.
2023-08-23 21:27
Nvidia set the market alight last quarter. Can it repeat the trick?
Artificial intelligence darling Nvidia's upcoming earnings report could be a boost or a drag on a market already mired in the summer doldrums.
2023-08-23 19:53
How esports helped a snooker player go pro
Ishpreet Singh Chadha was a top shooter competitor, but his real dream was a career on the green baize.
2023-08-23 09:21
Zoom shares jump as CEO says company to develop and deploy AI tools
Shares of Zoom jumped in after-hours trading Monday after the company said it expects to rake in stronger-than-expected earnings in the rest of this fiscal year.
2023-08-22 06:52
Walmart's sales are surging
Target and Home Depot are slumping. But more shoppers are heading to Walmart for groceries and essentials.
2023-08-17 19:22
Target's sales fall for first time in six years
Target's quarterly sales fell for the first time in six years as consumers pulled back on home goods, clothing and other discretionary goods. Target has also been embroiled in the political culture wars over gender and sexual orientation.
2023-08-16 18:56
Home Depot sales fell as housing market cooled
Home Depot's sales dropped 2% during its latest quarter as the housing market cooled off.
2023-08-15 18:25
Disney reports lower-than-expected revenue for its fiscal third quarter
The Walt Disney Company reported slightly lower than expected revenue for its fiscal third quarter on Wednesday.
2023-08-10 04:17
WeWork says it has 'substantial doubt' about its ability to stay in business
"Substantial doubt exists" about WeWork's ability to continue to stay in business, due to the company's losses, projected cash needs, and increased member turnover, according to the company's second quarter earnings release.
2023-08-09 05:57
Here's what CEOs are saying about consumer spending
Consumer resilience has helped keep the economy strong through the Federal Reserve's interest rate hiking cycle. But is that strength holding, or is it faltering?
2023-08-08 19:26
UPS says its profit will fall after it reaches a Teamsters deal. Its stock is sinking sharply
UPS reported a sharp drop in revenue and profit in the second quarter. The company also cut its profit forecast, expecting narrower margins in the wake of its tentative deal with the Teamsters union.
2023-08-08 18:56
Beyond Meat earnings drop 30% with falling demand
Troubled plant-based meat company Beyond Meat posted a 30% revenue decline in the second quarter due to falling demand for its products, the company announced Monday.
2023-08-08 06:26