Latest in Peloton shares soar 35% as turnaround plan takes hold, losses shrink
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Reddit shares close up 42% on profitability, rosy guidance
Reddit shares popped Wednesday, one day after the company reported rosy third-quarter results.Business - CNBC - October 30 -
Yankees shouldn't hold their breath for a Judge turnaround
The Dodgers have been doing a good job of getting ahead in the count on Judge, and once they've gotten him to two strikes, Judge has been going down swinging.Sports - Yahoo Sports - October 28 -
Walgreens’ stock has best day in 16 years as company plans to close 1,200 stores
Walgreens’ stock has been hammered this year as consumer shopping patterns have changed, but its CEO says store closures “will realign our footprint to a healthier store base.”Business - MarketWatch - October 15 -
Peloton Interactive Names Peter Stern as CEO; Narrows 1Q Losses
Peloton Interactive appointed Peter Stern as chief executive officer following a months-long search for a new leader to continue its turnaround efforts.Business - The Wall Street Journal - October 31 -
Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO
Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.Business - MarketWatch - October 31 -
FirstFT: HSBC overhaul to divide businesses along east-west lines
Also in today’s newsletter, EY fires staff for ‘cheating’ and Mubadala Capital’s private equity pushWorld - Financial Times - October 22 -
Shares of Peloton surge 11% after David Einhorn says stock is significantly undervalued
Peloton has been in the middle of a turnaround and Greenlight Capital's David Einhorn thinks the stock is significantly undervalued.Business - CNBC - October 24 -
Nvidia and Apple supplier TSMC shares pop after quarterly profit soars on AI demand
TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.Business - CNBC - October 18 -
Trump Media’s Soaring Share Price Masks Truth Social’s Internal Strife
Employees have complained to the board about hiring and management practices at the parent company of Truth Social, which serves as the main online megaphone for former President Donald Trump.Business - The New York Times - October 23 -
Tokyo Metro Shares Soar in First Day of Trading for Century-Old Subway
Tokyo Metro had raised over $2 billion in one of Japan’s largest initial public offerings in years.Business - The New York Times - October 23 -
Reddit shares soar 25% as it turns its first profit
Social media platform says it has attracted nearly 100mn daily active users with its ad tech investments starting to pay offBusiness - Financial Times - October 29 -
Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.Business - CNBC - October 29 -
Reddit shares soar after company turns first-ever profit
Monthly users rose by nearly half thanks to AI translation feature, and deals for AI training with Google and OpenAI boosted revenue. Reddit on Tuesday reported a quarterly profit for the first ...World - The Guardian - October 30 -
Trump Win Sends Trump Media and Tesla Shares Soaring
Companies linked to the president and his prominent supporter Elon Musk shot up after the election, as did U.S.-focused small cap shares.Business - Inc. - 3 days ago -
Lyft shares soar 20% on results and autonomous-vehicle partnership
Lyft reported third-quarter sales that beat expectations while offering an upbeat demand forecast, after the ride-hailing platform earlier in the day announced an autonomous-vehicle partnership ...Business - MarketWatch - 2 days ago -
Travelers’ stock soars as earnings triple despite record catastrophe losses
ravelers’ stock surges toward another record after earnings beat expectations by a wide margin, amid a sharp improvement in underlying profitability.Business - MarketWatch - October 17 -
Senators take aim at big private equity landlords as rents soar
With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes.Top stories - NBC News - October 24 -
With ‘season on the line,' Garrett Wilson and Davante Adams sparked Jets, Aaron Rodgers. Now what?
Rodgers and his two star wideouts finally clicked in the second half of Thursday's win. But do the Jets have enough time to dig out of a hole this season?Sports - Yahoo Sports - November 1 -
Trump calls for investigation of 'rumors' he plans to sell Trump Media stock
Donald Trump, majority owner of the Truth Social operator Trump Media, defeated Kamala Harris in the 2024 presidential election.Business - CNBC - Yesterday -
Lamar Jackson leads Ravens back as Baltimore hold off Bengals in 35-34 thriller
Jackson shines as Ravens beat Bengals 35-24 Baltimore rally from 21-7 third-quarter deficit Lamar Jackson threw for three fourth-quarter touchdowns, and the Baltimore Ravens stopped Cincinnati ...World - The Guardian - Yesterday -
Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier
Ernst & Young resigned over accounting and governance concerns at the buzzy AI firm, which has faced regulatory scrutiny before.Business - CNBC - October 30 -
Healthy Returns: Covering weight loss drugs could cost Medicare $35 billion through 2034
Medicare coverage of the drugs would up federal spending by $35 billion from 2026 to 2034. Meanwhile, CNBC tests Abbott's continuous glucose monitor Lingo.Business - CNBC - October 15 -
Huge loss on Malibu property doesn’t stop Kanye West from buying a $35 million Beverly Hills mansion
Kanye West isn’t letting a $36 million loss on his most recent home sale stop him from throwing himself back into the real estate market.Business - MarketWatch - 3 days ago -
Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk's electric vehicle company
Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White HouseTech - ABC News - 2 days ago -
E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain
E.l.f. Beauty raised its full year guidance after posting a 40% jump in sales.Business - CNBC - 2 days ago -
Shares in weight-loss drugmaker Eli Lilly fall on disappointing sales
US group revises down upper end of full-year revenue estimatesBusiness - Financial Times - October 30 -
Serco shares fall on Australian contract loss and changes to UK national insurance
UK operator of prisons and asylum accommodation expects a combined £38mn hit in 2025World - Financial Times - Yesterday -
Viking Therapeutics’ stock soars 18% as data on oral weight-loss drug looms
Viking Therapeutics Inc.’s stock soared 18% Thursday, after the biotech, which is developing a weight-loss drug in pill form that has raised high hopes among analysts and investors, posted earnings ...Business - MarketWatch - October 24