business news
Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO
Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon’s Alexa fund as backers, is cutting 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs about 750 people today, compared with a little more than 110 before the Covid-19 […]
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We’re adding shares of a health-related company with a resilient revenue stream in rough times
With this stock around our overall cost basis, we want to take the opportunity to get some cash to work and increase our exposure. Source
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Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
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How ‘revenge travel’ is causing packed airports, surging airfares and crowded beaches
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Inflation is hitting many parts of everyday life for Americans. Fuel prices are soaring and airlines are pushing skyrocketing jet fuel costs to consumers. That hasn’t dampened the desire for travel from Americans who suffered through two years of COVID lockdowns. This […]
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Apple hovers above competition even as smartphone market stumbles, sources say
Tim Cook introduces iPhone 13 Source: Apple Inc. The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple is expecting its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the forthcoming iPhone 14 underscore a growing belief among Wall Street analysts […]
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Here are Twitter’s biggest accusations against Musk in its lawsuit
NEW YORK, NEW YORK – MAY 02: Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Theo Wargo/WireImage) Theo Wargo | Wireimage | Getty Images Twitter has filed suit against Elon Musk to seek […]
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Unity shares down 13% on lowered 2022 guidance, merger agreement with IronSource
IronSource at the NYSE Source: NYSE Shares of Unity fell 13% Wednesday morning after it lowered 2022 guidance and announced a merger agreement with IronSource. IronSource shares surged nearly 50%. The company lets game developers manage advertising and marketing, and view engagement through dashboards and other tools that show how agame is performing. In tandem […]
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Spirit Airlines delays vote on Frontier deal again amid concerns about lack of shareholder support
Passengers check in at the Spirit Airlines counter at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Spirit Airlines has delayed a vote on its planned tie-up with Frontier Airlines for a fourth time as concerns mount about a lack of shareholder support. Spirit said […]
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Polestar says it’s still on track to deliver 50,000 vehicles this year despite Covid-19 disruptions
Attendees view a Polestar 2 electric vehicle (EV) during the Electrify Expo in Irvine, California, U.S., on Saturday, Sept. 18, 2021. Jill Connelly | Bloomberg | Getty Images Swedish electric vehicle maker Polestar said Wednesday that it still expects to deliver 50,000 vehicles in 2022, in line with its earlier guidance, despite Covid-related production challenges […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. The Dow Jones Industrial Average fell in morning trading as investors continue to worry about inflation and other global issues. Spencer Platt | Getty Images Here are the most important news items that investors need […]
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