Peloton’s Stock Soars 30% after Company Names Apple Fitness Co Founder As New Ceo

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 - 8 hours ago

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

Peloton has chosen Ford executive Peter Stern to be its next CEO after Barry McCarthy stepped down earlier this year.

Business - CNBC - 9 hours ago

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

Peloton on Thursday said it has appointed Peter Stern, a Ford executive and the co-founder of Apple Fitness+ to be its next CEO and president.

CVS cuts outlook yet again — while swapping out CEO for a company veteran

“The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.

Business - MarketWatch - October 18

Kraken Lays Off 15% of Workers and Names Arjun Sethi New Co-CEO

The influential cryptocurrency exchange has undergone several reorganizations in recent years.

Business - The New York Times - Yesterday

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 - 12 hours ago

B. Riley’s stock soars 30% after bank agrees to sell Great American to Oaktree for almost $400 million

Investment bank’s stock is down 73% in the year to date amid regulatory fallout over a loan

Business - MarketWatch - October 14

Centene’s stock soars 11% after earnings sweep past estimates and company backs guidance

Chief Executive Sarah M. London said the company had navigated a “dynamic landscape” in the quarter amid turmoil in the Medicaid business.

Business - MarketWatch - 6 days ago

Unity's new CEO pitches 'fundamentally different company' after rough year

Unity CEO Matt Bromberg, who joined in May, is overseeing his first big product launch since taking over the gaming software company.

Business - CNBC - October 17

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 - Yesterday

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

Longboard Pharmaceuticals’ stock soars amid Lundbeck’s $2.6 billion deal to acquire the company

H. Lundbeck plans to acquire Longboard Pharmaceuticals in a $2.6 billion deal, the companies announced Monday.

Business - MarketWatch - October 14

Google CEO names new search and ads boss, slides predecessor to role of chief technologist

Google is replacing Prabhakar Raghavan, the company's search and ads boss since 2018, with longtime executive Nick Fox.

Business - CNBC - October 17

Disney Taps Gorman as Next Chairman, Plans to Name New CEO in 2026

The Morgan Stanley exec leads the entertainment giant’s succession planning committee. Disney is screening internal and external candidates in preparation for Bob Iger’s departure.

Business - Inc. - October 22

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

Phunware’s stock tumbles more than 35% after CEO retires

Shares of Phunware Inc. were down more than 35% after the retirement of Chief Executive Mike Snavely from the mobile-advertising company.

Business - MarketWatch - October 24

Masimo Terminates Founder Kiani as CEO

Medical-device maker said Joe Kiani, who previously informed the board of his decision to resign as chief executive, has been terminated by the company, following a review by outside counsel.

Business - The Wall Street Journal - 2 days ago

Biogen’s stock hit by soft sales of Alzheimer’s treatment

“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.

Business - MarketWatch - Yesterday

Roku’s stock sinks after streaming company posts another quarterly loss

Roku Inc.’s stock fell in after-hours trade Wednesday, after the streaming platform posted another quarterly loss and flat average revenue per user.

Business - MarketWatch - Yesterday

EBay stock sinks after lackluster Q4 guidance, election distraction

EBay reported better-than-expected earnings for the third quarter, but the results were overshadowed by a disappointing forecast for the current period.

Business - CNBC - Yesterday

New Boeing CEO to give clues on company's future, while striking workers vote on new contract

Boeing's CEO Kelly Ortberg faces investors for first time at the helm of the troubled manufacturer.

Business - CNBC - October 22

New Boeing CEO to give clues on company's future, while striking workers vote on new contract

Boeing has already braced investors for a rough quarterly report.

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Business - MarketWatch - 2 days ago

Reddit stock price soars after social media player reports rare profit

Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.

Starbucks’ New CEO Only Needed 6 Words to Explain the Company’s Biggest Problem

Turning around the company’s problem starts with acknowledging this simple truth.

Business - Inc. - October 20

Google CEO says more than 25 percent of company's new code written by AI

More than a quarter of Google's new code is being generated by artificial intelligence (AI), CEO Sundar Pichai revealed during Tuesday's third-quarter earnings call for the leading tech company. ...

Politics - The Hill - Yesterday

Starbucks’s New CEO Just Revealed a Brilliant Master Plan to Turn the Company Around. It All Starts With 4 Words

Brian Niccol’s new four-word goal for Starbucks is brilliant in its simplicity. But there’s more than meets the eye.

Business - Inc. - 9 hours ago

From Beans to Bubbles: La Colombe’s Co-Founder Is Launching a Soda Line

Todd Carmichael has done coffee and water. Next up? Soda.

Business - Inc. - October 17

Grateful Dead co-founder Phil Lesh dies aged 84

The leading member of the US rock group passed away peacefully, his official Instagram account says.

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