Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey.Michael Loccisano | Getty ImagesPeloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue.The company's shares fell nearly 10% in morning trading Thursday. As…
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Holding out for one of the best Black Friday TV deals? Well, you might not have to. Some of the best deals are already available from the likes of Amazon and Best Buy. As of right now, there's a 48-inch LG OLED TV that's just $569 at Best Buy (opens in new tab) as well as…
Stock close lower, but finish October with gainsStocks finished Monday's session lower, but posted strong gains for October.The Dow Jones Industrial Average fell 128.85 points, or 0.39%, to settle at 32,732.95. The S&P 500 shed 0.75% to finish at 3,871.98, while the Nasdaq Composite tumbled 1.03% to 10,988.15.For the month, the Dow gained 13.95%, while…
A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022.Brittany Hosea-Small | ReutersCheck out the companies making headlines before the bell.Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64…
Stocks close up in second day of gainsThe three major indexes ended the trading day up, continuing to gain steam coming off a strong day Friday.The Dow added 417 points, which translates to 1.3%.The S&P 500 gained 1.2%, while the Nasdaq ended up 0.9%.— Alex HarringHow to read a company's earnings 'report card'As earnings season…
An employee works at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 13, 2022.Toru Hanai | Bloomberg via Getty ImagesIn Japan, the Nikkei 225 lost 0.92% to 27,006.96 and the Topix shed 0.51% to 1,895.41. The S&P/ASX 200 in Australia declined 1.02% to 6,730.70.South Korea's Kospi…
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Trevor Milton CEO of NikolaMassimo Pinca | ReutersTrevor Milton, the founder and former chairman and CEO of electric heavy truck maker Nikola, was found guilty in federal court Friday of three of four counts of fraud relating to false statements he made to drive up the value of Nikola's stock.Milton was charged with two counts…
Walgreens Boots Alliance on Thursday exceeded fiscal fourth-quarter sales expectations, as the drugstore chain turns itself into more of a health-care focused company.The company said it anticipates full-year adjusted earnings per share of $4.45 to $4.65 in the coming fiscal year, which is about in line with what Wall Street expected. Yet Walgreens said its…