Why Ford believes its $1.9 billion EV shift will benefit the automaker
A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT – Ford Motor‘s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to […]
Fresh off $1.6 billion loss, Intel prepares for possible activist investors: report
Intel Corp. has hired advisors, including those with Morgan Stanley, to help defend the company against potential shareholder activism, according to a report Friday.
Delta chief operations officer departing for another company
Delta Air Lines planes sit parked at Hartsfield-Jackson Atlanta International Airport in Atlanta on June 28, 2024. Andrew Harnik | Getty Images Delta Air Lines‘ chief operating officer is leaving at the end of the month, the company said in a securities filing Friday. CEO Ed Bastian said in an employee memo that Chief Operating […]
Edgar Bronfman’s Paramount bid could keep Shari Redstone involved
Edgar Bronfman, Jr. Cameron Costa | CNBC Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium’s […]
Peloton’s stock has rallied too much to justify buying any more, analyst says
Peloton’s stock followed a record rally with another gain on Friday, but J.P. Morgan recommended investors stop buying because although quarterly results were encouraging, the outlook remains too uncertain.
U.S. will offer free at-home kits starting late September
Images By Tang Ming Tung | DigitalVision | Getty Images The Biden administration on Friday said it will resume offering free at-home Covid-19 tests to American households in late September as the virus has gained a stronger foothold in the U.S. this summer. Americans will soon be able to use COVIDtests.gov to request four free […]
Analysts cheer Cava after a successful rollout of grilled-steak option
Restaurant chain Cava reported second-quarter earnings that more than doubled, and analysts credited a new food option.
Peloton to charge $95 activation fee for used bikes
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price. The used equipment activation fee for subscribers in the U.S. and Canada comes as Peloton starts […]
My girlfriend and I are having a symbolic ‘wedding.’ She does not want to lose her health benefits — and I don’t want to lose my shirt. Is that wise?
“I have this gnawing feeling that I’m setting myself up for disaster.”
Peloton (PTON) earnings Q4 2024
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The company’s shares spiked 35% on Thursday. The beleaguered connected fitness company, which two board members have run since former CEO Barry McCarthy resigned […]
