Pelton CEO will step down after the group posted a $266.5 million second quarter loss and unveiled a major cost-cutting overhaul many see as a move to make the fitness equipment maker more attractive for Read more…
Pfizer said combined sales of its Covid vaccine and treatment drugs would rise to $54 billion this year, around half of its total projected revenues. Updated at 7:24 am EST Pfizer Inc. (PFE) – Get Read more…
Softbank will retain a pre-paid $1.25 billion breakup fee after the collapse of its planned $40 sale of chip designer Arm Holdings to Nvidia. Nvidia (NVDA) – Get NVIDIA Corporation Report shares slipped lower Tuesday after Read more…
The Wall Street Journal is reporting that CEO John Foley will step down from the company, potentially paving the way for a sale of the connected fitness equipment maker. Peloton (PTON) – Get Peloton Interactive, Read more…
Bond yields climb to fresh highs as inflation and tighter policy fears grip markets Equities nevertheless perk up globally but Wall Street on shaky ground Dollar regains front foot, oil prices pressured by optimism around Read more…
The euro is slightly lower on Tuesday, after little movement on Monday. In the European session, EUR/USD is trading at 1.1409, down 0.28% on the day. It’s a light day on the economic calendar, with Read more…
You need to find these kinds of stocks for this kind of market. How can traders react to an “extreme inconsistency” between indexes and individual stocks? The answer, says TheStreet’s James “Rev Shark” Deporre, is Read more…
Stock futures edge higher, with earnings, inflation in focus; Peloton shares slide amid report CEO john Foley will step down; Meta shares extend slide as early investor Peter Thiel leaves board; Nvidia shares slip after Read more…
EURGBP opened the week on a negative note, keeping its footing around the Ichimoku cloud and the 0.8400 handle. Trend signals remain daunting as the price continues to trade comfortably below its 200-day simple moving average (SMA), Read more…
GBPAUD has found bid due to the divergence in the monetary policy between RBA and BOE. Bank of England (BOE) this year has hiked interest rate twice to fight against inflation. However, BOE indicates that Read more…