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Peloton shares drop after it announces refinancing to stave off cash crunch
A pedestrian walks by a Peloton store on May 08, 2024 in Palo Alto, California. Justin Sullivan | Getty Images Peloton shares plunged on Monday after the connected fitness company said it’s launching a “global refinancing,” as it looks to stave off a cash crunch amid falling sales. The company is offering $275 million in […]
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Jamie Dimon says JPMorgan stock is too expensive: ‘We’re not going to buy back a lot’
Jamie Dimon thinks shares of JPMorgan Chase are expensive. That was the message the bank’s longtime CEO gave analysts Monday during JPMorgan’s annual investor meeting. When pressed about the timing of a potential boost to the bank’s share repurchase program, Dimon didn’t mince words. “I want to make it really clear, OK? We’re not going […]
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JPMorgan CEO Jamie Dimon signals retirement is closer than ever
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the UK Global Investment Summit at Hampton Court Palace in London, UK, on Monday, Nov. 27, 2023. Bloomberg | Bloomberg | Getty Images Jamie Dimon’s days as CEO of JPMorgan Chase are numbered — though its unclear by how much. In a response to […]
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Activist Boaz Weinstein says BlackRock funds are ‘crushing shareholder rights’
Boaz Weinstein, founder and chief investment officer of Saba Capital Management, during the Bloomberg Invest event in New York, US, on Wednesday, June 7, 2023. Jeenah Moon | Bloomberg | Getty Images Boaz Weinstein, the hedge fund investor on the winning side of JPMorgan Chase’s $6.2 billion, “London Whale” trading loss in 2011, is now […]
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CNBC Daily Open: Dow briefly tops 40,000 for the first time, meme stocks down but not out
Omar Marques | Lightrocket | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Dow breaks through […]
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British neobank Monzo boosts funding round to $610 million to crack U.S. sector, start pensions
British neobank Monzo said Wednesday that it’s lifted a different $190 million, lifting the overall it can be lifted so far this year to $610 million. The organization instructed CNBC it raised the funds from new buyers which include Hedosophia, a backer of top rated European fintechs which includes N26 and Qonto. CapitalG, Alphabet’s unbiased […]
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Personal fairness corporations circle Peloton for potential buyout
A quantity of private fairness firms have been thinking of a buyout of Peloton as the linked fitness organization seems to refinance its financial debt and get back to development following 13 straight quarters of losses, CNBC has acquired. In recent months, the pandemic darling has had talks with at least one particular agency as […]
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Berkshire Hathaway’s big mystery stock wager could be revealed soon
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter of last year. The identity of the stock — or stocks — that […]
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Walmart to shutter health centers, virtual care service in latest failed push into health care
Walmart on Tuesday said it will close all of its health-care clinics across the country, a stunning reversal of its plans to bring its low-priced reputation to the dentist and doctor’s office along with the grocery aisle. The big-box retailer said it would also shutter its telehealth provider, which it acquired for an undisclosed amount […]
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L’Occitane’s billionaire operator to acquire firm non-public in $1.8 billion offer
A L’Occitane Global SA cosmetics retail outlet in central Paris, France, on July 31, 2023. Benjamin Girette | Bloomberg | Getty Photos Hong Kong-mentioned L’Occitane Intercontinental‘s chairman and managing shareholder will take the French pores and skin-care agency non-public, valuing it at a greatest of HK$13.91 billion (US$1.78 billion), the firm reported on Monday. Reuters […]
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