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Shares of Peloton surge 13% as it edges closer to profitability, posts better than expected sales

Shares of Peloton surge 13% as it edges closer to profitability, posts better than expected sales

Peloton told investors Thursday it still has a “steep hill to climb” to achieve profitable growth under its new CEO, but the connected fitness company beat holiday sales expectations, thanks in part to its partnership with Costco.  The bike maker posted mixed fiscal second-quarter results, as it topped Wall Street’s sales estimates but lost more […]

Shares of Peloton surge 13% as it edges closer to profitability, posts better than expected sales Read More »

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China

People shop for clothes at a Calvin Klein store at a mall in Beijing on Feb. 5, 2025. Adek Berry | AFP | Getty Images China has blacklisted the owner of Calvin Klein and Tommy Hilfiger, which could force the company to shut down stores and manufacturing in an early repercussion of President Donald Trump’s

How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China Read More »

Ford CEO calls for ‘comprehensive’ tariff analysis for all countries

Ford CEO calls for ‘comprehensive’ tariff analysis for all countries

Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters DETROIT — Ford Motor CEO Jim Farley on Wednesday said

Ford CEO calls for ‘comprehensive’ tariff analysis for all countries Read More »

Salesforce picks board member Robin Washington to be its next finance and operating leader

Salesforce picks board member Robin Washington to be its next finance and operating leader

FILE PHOTO: Robin Washington speaks on stage during 2019 Watermark Conference for Women Silicon Valley at San Jose McEnery Convention Center on February 22, 2019 in San Jose, California. Marla Aufmuth | Wireimage | Getty Images Salesforce on Wednesday said former Gilead Sciences finance chief Robin Washington will join the software maker to become president

Salesforce picks board member Robin Washington to be its next finance and operating leader Read More »

Qualcomm tops estimates for earnings and revenue on strong smartphone demand

Qualcomm tops estimates for earnings and revenue on strong smartphone demand

Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm reported better-than-expected fiscal first-quarter results on Wednesday and issued strong guidance for the current period. Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ending Dec. 29: Earnings per share: $3.41, adjusted,

Qualcomm tops estimates for earnings and revenue on strong smartphone demand Read More »

Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts

2024 Lincoln Nautilus  Ford DETROIT — President Donald Trump’s move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers. The U.S. in recent years has imported roughly $15.4 billion

Trump’s China tariff increase affects Ford and GM vehicles, billions of dollars in auto parts Read More »

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