Peloton earnings

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

Stocks for some of the largest tech companies are weighing down Wall Street after the Nasdaq closed down 4.3% on Monday. advertisement advertisement It’s mostly to do with tech companies that were favorites during an earlier stage of the coronavirus pandemic, when locked-down consumers flocked to such services as Netflix, Amazon, and Peloton. Since then, those same companies have seen steep declines in their stocks, in some cases wiping out all of their pandemic-era gains or worse. This means that many social media-savvy retail investors are losing money and coping the best way they know how: with memes. The dip among the aforementioned pandemic favorites has been noticeable since January. For instance, Al Jazeera reported that Netflix, Peloton, Zoom, and DocuSign were just some of the tech darlings that saw major decreases in the value of their shares earlier this year, along with Coinbase, electric car company Rivian, and a few more. The trend … [Read more...] about The dip keeps dipping: Stock market crash memes rise as Nasdaq tech darlings fall

Share to Twitter Share to Linkedin After Covid-19 restrictions were lifted and the economy reopened, the job market became hot. Businesses couldn’t find—and continue to not be able to find—enough talent to meet their needs. If you’re searching for a new job, you have an abundance of choices. However, the United States is starting to experience events that may cause the job market to slow down. Sadly, the good times cannot—and will not—last forever. What Is Spooking The Job Market? Within the past year, the labor market has seen a robust recovery. On Friday, the U.S. Department of Labor reported that 428,000 jobs were added in April, with the unemployment rate remaining steady at 3.6%. Last month, the New York Times reported, “The economy has recovered more than 90% of the 22 million jobs lost at the peak of the pandemic’s lockdowns in the spring of 2020—a far swifter rebound than forecasters initially expected.” The stock market was also … [Read more...] about Be Prepared For Hiring Freezes And Layoffs

U.S. equity markets are dropping to begin the new week, led lower by shares of Facebook parent Meta Platforms Inc. ( FB ) and other tech stocks. Key Takeaways Tech stocks, led by Facebook parent Meta Platforms, Google parent Alphabet, and Apple, declined, pushing markets lower. Spirit Airlines rose after it agreed to be bought for $6.6 billion by Frontier, creating the fifth largest U.S. carrier. Bond yields advanced past 1.9% and crude oil slipped after last week's gains. Meta shares are 5% lower, adding to steep losses that erased more than a quarter of the company's market value after the company last week said that it had lost daily active users for the first time. Apple Inc. ( AAPL ), Microsoft Corp. ( MSFT ) and Google parent Alphabet Inc. ( GOOG ) all fell. Hasbro ( HAS ) shares are falling on its earnings report. Shares of Verizon Communications Inc. ( VZ ) are down as the company announced it would now only offer three-year phone contracts. … [Read more...] about Tech Stocks Drop, Sending Markets Lower, as Meta Shares Fall Further

Moody's cut Russia's credit six notches as it expects "sustained disruption to the economy" as a result of global sanctions against the country after it invaded Ukraine. Russia's stock market remained closed. U.S. stocks are higher after yesterday's surge that came in the wake of Federal Reserve Chair Jerome Powell ’s congressional testimony signaling a Fed rate increase would be lower than what investors feared. Key Takeaways Top credit agency Moody's decreased Russia's credit by six notches. U.S. stocks are rising, following yesterday's surge that came after Fed statements that allayed fears of a big interest rate hike. Best Buy Co. Inc. and Kroger Co. shares rose after reporting better-than-expected earnings. Powell is set to testify before Senate lawmakers this morning after telling House lawmakers yesterday he would propose just a quarter-percentage-point rate hike at the central bank’s March meeting. All major U.S. stock indexes posted solid gains … [Read more...] about Moody’s Cuts Russia’s Credit, Wheat Prices Soar, Powell Allays Investors’ Fears