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Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO

Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO

Business News

Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024.  David Paul Morris | Bloomberg | Getty Images Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the cofounder of Apple Fitness+ to be its next CEO and president.  Stern, the president of Ford Integrated Services, […]

Peloton announces Ford exec, founder of Apple Fitness+ Peter Stern as its next CEO Read More »

Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected

Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected

Business News

A Peloton bike is displayed at a Dick’s Sporting Goods store on May 08, 2024 in Daly City, California.  Justin Sullivan | Getty Images Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in costs and looks to improve the unit economics behind

Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected Read More »

Here’s what to know before Comcast reports third-quarter earnings

Here’s what to know before Comcast reports third-quarter earnings

Business News

NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers and growth for both broadband and streaming platform Peacock. Investors in recent quarters have homed in on the broadband

Here’s what to know before Comcast reports third-quarter earnings Read More »

Microsoft CFO says OpenAI investment will cut into profit this quarter

Microsoft CFO says OpenAI investment will cut into profit this quarter

Finance News

Microsoft CEO Satya Nadella, right, speaks as OpenAI CEO Sam Altman looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023. Justin Sullivan | Getty Images Microsoft‘s massive investment in OpenAI is weighing on earnings. Following Microsoft’s quarterly earnings report on Wednesday, CFO Amy Hood said she expects the company to

Microsoft CFO says OpenAI investment will cut into profit this quarter Read More »

Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations

Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations

Business News

A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC Carvana on Wednesday raised its 2024 earnings guidance after the online used-car retailer significantly topped Wall Street’s third-quarter expectations. Here’s how the company performed in the third quarter, compared with average estimates compiled by LSEG: Earnings per share: 64 cents vs. 25

Carvana raises 2024 earnings guidance after topping Wall Street’s Q3 expectations Read More »

Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter

Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter

Business News

Brian Niccol speaking on CNBC’s Squawk Box on Oct. 30th, 2018.  Anjali Sundaram | CNBC Starbucks on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as sales in the U.S. and China, its two biggest markets, disappointed. The company previously released a preliminary report of its quarterly results on Oct. 22 and announced

Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter Read More »

Eli Lilly’s Zepbound and Mounjaro are no longer in shortage. Here’s where their sales still disappointed

Eli Lilly’s Zepbound and Mounjaro are no longer in shortage. Here’s where their sales still disappointed

Business News

Eli Lilly’s blockbuster weight loss drug Zepbound and diabetes treatment Mounjaro posted weaker-than-expected sales for the third quarter, even as supply of both medicines has largely recovered from widespread shortages in the U.S.  The reason for the disappointing sales, according to the company, is not an issue of demand or supply.  During an earnings call

Eli Lilly’s Zepbound and Mounjaro are no longer in shortage. Here’s where their sales still disappointed Read More »

Novo Nordisk’s Ozempic and Wegovy now available in the U.S. after shortages, FDA says

Novo Nordisk’s Ozempic and Wegovy now available in the U.S. after shortages, FDA says

Business News

Weight loss syringes of the brands “Wegovy”, “Ozempic” and “Mounjaro” are sold at In der Achat Apotheke in Mitte, Germany. Picture Alliance | Picture Alliance | Getty Images All doses of Novo Nordisk‘s highly popular weight loss injection Wegovy and diabetes drug Ozempic are now available in the U.S., according to an update on the

Novo Nordisk’s Ozempic and Wegovy now available in the U.S. after shortages, FDA says Read More »

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