Pton

Share to Twitter Share to Linkedin We continue looking at abortion’s impact on the midterm elections, as well as the latest district attorney who wants a crack at Donald Trump. MacKenzie Scott, Michael Bloomberg Among The Biggest Billionaire Donors To Abortion-Rights Groups “T hough the nation’s wealthiest philanthropists have been giving to reproductive rights groups for decades, the cause constitutes a relatively small portion of overall philanthropic giving,” reports Rachel Sandler: According to the National Committee for Responsive Philanthropy, $1.7 billion went to reproductive rights nonprofits from 2015 to 2019. That’s 2.2% of the $76 billion from foundations during that time period. Even less money, $361 million, was earmarked specifically for abortion rights and services, as opposed to other forms of reproductive healthcare. Much of that funding comes from the Susan Thompson Buffett Foundation, the largest single donor supporting … [Read more...] about Checks & Imbalances: Pro-Choice Billionaires, Abortion-Themed Ads

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

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