DIRS.INFO The most relevant business & tech news

☆ What Cramer is watching Monday — midterm election, Apple in China, cloud collapse
▼ + stars: | 2022-11-07 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

What I am looking at Monday, Nov. 7, 2022 U.S. stock futures bounced after breaking multiweek weekly winning streaks. Club holding Apple (AAPL) issues with Covid restrictions slowing down iPhone production in China is supply not demand. Club holding Coterra Energy (CTRA) upgraded by Wolfe Research to peer perform from underperform (hold from sell). Club holding Wells Fargo (WFC) still cheapest and putting worst behind it. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Ashton Kutcher – and 50,000 other people – are running the New York City marathon Sunday
▼ + stars: | 2022-11-05 | by ( Zoe Sottile | ) edition.cnn.com time to read: +1 min

CNN —If you’re running in the New York City Marathon Sunday, watch out – you might just be running alongside actor Ashton Kutcher. Kutcher, 44, is using the marathon as an opportunity to raise funds for Thorn, the organization he founded alongside Demi Moore in 2012 to combat child sex trafficking, according to his Instagram. Kutcher is part of a team of 100 marathon runners who have pledged to raise funds for Thorn, the website says. Kutcher, alongside around 50,000 runners, will trot through all five of New York City’s boroughs, starting on Staten Island and finishing in Central Park. Actress Ellie Kemper, “Bachelor” star Matt James and former New York Giants running back Tiki Barber have also reported on their social media that they’re participating in the race.

☆ 15 open jobs at tech companies like Adobe, Amazon, and Microsoft that pay over $200,000
▼ + stars: | 2022-11-04 | by ( Britney Nguyen | Rachel Durose | ) www.businessinsider.com time to read: +1 min

Insider compiled a list of 15 high-paying technology industry jobs that are open right now. These jobs range from those at big-name businesses, like Adobe, to newer startups. Insider compiled a list of 15 tech-industry jobs paying over $200,000 that are available right now. Some of the positions listed below note that the salary range is for Colorado-based residents, which, as Insider previously reported, is the state with the most far-reaching laws around salary transparency. This law requires businesses to include the salary range in job postings.

☆ Layoffs are picking up. These are the first 3 steps to take after losing your job
▼ + stars: | 2022-11-04 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

In this article UALAALTSLANFLXSHOP-CALYFT Follow your favorite stocks CREATE FREE ACCOUNTWanan Yossingkum | Istock | Getty ImagesThe labor market is still strong, but layoffs are picking up. File to collect unemployment benefits ASAPYou should file for unemployment benefits as soon as possible after a layoff, said Andrew Stettner, the director of workforce policy and senior fellow at The Century Foundation. Even if you received unemployment benefits earlier in the pandemic and are facing joblessness again, you may qualify for more aid. (However, if you have less than $5,000 in the account, the money may be sent to an individual retirement account for you, she added.) However, you won't be able to continue contributing to a plan at a company you're no longer working for.

☆ This deep value golf stock is set to triple, Jefferies predicts
▼ + stars: | 2022-11-04 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

After a topline beat and raised fourth-quarter forecasts, there's big growth ahead for Topgolf Callaway , Jefferies says. While reiterating the stock as a buy, analyst Randal Konik boosted the price target to $56 – a 221% upside over the stock's last close. "The sport of golf is healthy, Topgolf is gaining massive share, and apparel brands are in early innings. Long considered a sport for the wealthy or business executives, golf experienced an image change during the pandemic. Topgolf Callaway's third-quarter sales were up 15% from a year ago to $989 million and above estimates of $945 million.

☆ Dozens of tech companies, from Lyft to Twitter, are laying off workers. Here are 5 concrete steps to take if you lose your job.
▼ + stars: | 2022-11-04 | by ( Rachel Durose | ) www.businessinsider.com time to read: +6 min

There are five steps two career experts say workers should take if they've lost their job. They suggest taking time for yourself, looking into legal counsel, and posting on social media. In 2022, more than 99,000 technology workers have been laid off, according to the tech-industry-layoffs tracker Layoffs.FYI. Workers need time to process their emotions before diving into the logistics of their severance and job hunting. "If you can, I always recommend utilizing legal counsel," she said.

☆ Peloton Shares Slump on Weak Sales Forecast
▼ + stars: | 2022-11-03 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

Peloton Interactive Inc. reported a steeper-than-expected 23% drop in quarterly sales, and executives said the company must stop burning through cash before it can fully focus on growing the business. The maker of connected fitness equipment estimated sales for the current quarter, which includes the crucial holiday selling season, could be roughly 37% lower than a year ago.

☆ Peloton Sales Tumble Again, but Quarterly Losses Narrow
▼ + stars: | 2022-11-03 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

Peloton Interactive Inc. reported a steeper-than-expected 23% drop in quarterly sales, but the company also narrowed its losses after slashing jobs and restructuring its operations. Revenue declined to $617 million in the quarter ended Sept. 30, coming in below the company’s forecast of $625 million to $650 million. Executives estimated sales for the current quarter, which includes the crucial holiday selling season, could be roughly 37% lower than a year ago.

☆ Stocks making the biggest moves midday: Under Armour, Robinhood, Peloton, Lincoln National and more
▼ + stars: | 2022-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The real estate tech company reported earnings of 38 cents per share on revenue of $483 million. Robinhood — Shares of the trading app soared 9.7% after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. Lincoln National — Shares dropped 33% after Lincoln National missed earnings per share expectations in its third quarter, despite surprising to the upside on its sales forecast. The company reported adjusted earnings per share of $3.13, in line with Wall Street expectations. Otherwise, the company reported a strong third-quarter earnings report, beating on the top and bottom lines.

☆ Peloton forecasts weak revenue for holiday quarter, shares slump
▼ + stars: | 2022-11-03 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Peloton Interactive Inc (PTON.O) on Thursday forecast second-quarter revenue below Wall Street estimates as the company grapples with weak demand for its fitness equipment amid a challenging macro-economic environment. The exercise bike maker expects current-quarter revenue between $700 million and $725 million, compared with analysts' estimates of $874 million, according to Refinitiv data. But with people returning to gyms the company saw demand for its fitness equipment dwindle. The company's revenue for the first quarter fell to $616.5 million from $805.2 million a year earlier. Peloton posted cash burn of $246.3 million in the quarter, compared with $651.9 million a year earlier.

☆ How edtech startup Paper recruited a Disney creator to build a kids' streaming service that's like Peloton — but with math
▼ + stars: | 2022-11-03 | by ( Elaine Low | ) www.businessinsider.com time to read: +4 min

Paper Live, a interactive, educational live-streaming platform, launched in September 2022. The streamer is part of remote tutoring service Paper, which partners with school districts. This fall, it premiered Paper Live, a live-streaming service that includes an interactive element — and has a Hollywood-seasoned writer/executive producer at the helm. The newly expanded Paper Live launched around the start of the 2022-2023 academic year in the US. "We're seeing an uptick in not just usage of Paper Live but Paper in general because they're more familiar with the platform," said Cutler.

☆ Peloton shares tumble after company offers weak holiday quarter outlook
▼ + stars: | 2022-11-03 | by ( Jack Stebbins | ) www.cnbc.com time to read: +4 min

Peloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue. Loss per share: $1.20 vs. 64 cents, expected$1.20 vs. 64 cents, expected Revenue: $616.5 million vs. $650.1 million, expected. Peloton's revenue outlook for the holiday quarter, between $700 million and $725 million, would mark a quarter-to-quarter increase, but it's well below analysts' estimates of $874 million. Peloton reported 6.7 million total members, up from 6.3 million last year, but down from 6.9 million the prior quarter. The company reported $199 million in first quarter recall reserves, restructuring and impairment expenses as it continues embarking on its turnaround.

☆ What Cramer is watching Thursday — No Fed reset, Qualcomm rough guide, iPhone waits
▼ + stars: | 2022-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Short-term inventory "reset," meaning there's a chip glut that must be dealt with before the price-to-earnings multiple can be determined. Wall Street was looking for fiscal first-quarter (current quarter) revenue of $12 billion, but company guide was $9.2 billion to $10 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Three stock lunch: PTON, AMZN and MRNA
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree stock lunch: PTON, AMZN and MRNAAptus Capital's David Wagner joins 'Power Lunch' to present his picks for the three stock lunch: Peloton, Amazon, and Moderna.

☆ Stocks making the biggest moves premarket: Restaurant Brands, Under Armour, Peloton and more
▼ + stars: | 2022-11-03 | by ( Peter Schacknow | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell:Restaurant Brands (QSR) – The parent of Burger King, Tim Hortons and Popeyes saw its stock rally 4% in premarket trading after the company reported better-than-expected quarterly results. Under Armour (UAA) – Under Armour jumped 4.2% in premarket action after the apparel maker reported better-than-expected earnings for its latest quarter, along with revenue that was roughly in line with Street forecasts. The chip maker also reported quarterly revenue and profit that were in line with Wall Street forecasts. The forecast is weighing on shares despite Roku reporting better-than-expected revenue and a larger-than-expected number of active accounts. eBay (EBAY) – eBay surged 6.7% in premarket trading after the e-commerce company reported better-than-expected results for its latest quarter, boosted by sales of refurbished goods and luxury offerings.

☆ Will a Peloton Bike Drive You to Pick One Hotel Over Another?
▼ + stars: | 2022-11-02 | by ( Dawn Gilbertson | ) www.wsj.com time to read: 1 min

SCOTTSDALE, Ariz.—Your next hotel workout might remind you of those at-home gyms we all hastily set up during Covid lockdowns—minus the cramped quarters, mismatched weight sets and kids clamoring for attention. With business and vacation travel bouncing back, Hyatt Hotels Corp., Hilton Worldwide Holdings Inc. and other chains are betting that travelers want hotels that help them take their pandemic-inspired fitness routines on the road. More hotels are bragging about their Peloton bikes and private exercise suites to lure travelers with the hope that they might actually work out on their next trip.

☆ Hotels Pitch Peloton Bikes, Private Gyms to Lure Guests
▼ + stars: | 2022-11-02 | by ( Dawn Gilbertson | ) www.wsj.com time to read: 1 min

SCOTTSDALE, Ariz.—Your next hotel workout might remind you of those at-home gyms we all hastily set up during Covid-19 lockdowns—minus the cramped quarters, mismatched weight sets and kids clamoring for attention. With business and vacation travel bouncing back, Hyatt Hotels Corp., Hilton Worldwide Holdings Inc. and other chains are betting that travelers want hotels that help them take their pandemic-inspired fitness routines on the road. More hotels are bragging about their Peloton bikes and private exercise suites to lure travelers with the hope that they might actually work out on their next trip.

☆ Elon Musk fired CEO Parag Agrawal after taking over Twitter. He joins a growing list of executive departures in 2022, including Meta's Sheryl Sandberg and a slew of retail CEOs.
▼ + stars: | 2022-11-02 | by ( Samantha Delouya | ) www.businessinsider.com time to read: 1 min

In February, John Foley, Peloton's co-founder, announced that he would step down as CEO. He was at the helm during the company's pandemic-fueled rise and its subsequent sharp drop in demand. Barry McCarthy, who was once CFO of both Spotify and Netflix, took over the top spot. Peloton co-founder John Foley Mark Lennihan/AP

☆ Here are Wednesday's biggest analyst calls: Tesla, Netflix, Carvana, Exxon, Meta, Apple & more
▼ + stars: | 2022-11-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Bernstein reiterates Tesla as underperform Bernstein said shares of Tesla remain extremely overvalued. Needham reiterates Netflix as hold Needham said the streaming giant could see "negative revenue growth near-term" due to its new ad-based product. Bank of America downgrades Twilio to underperform from buy Bank of America double downgraded the communications tools company due to rising competition. Bank of America reiterates Peloton as buy Bank of America said it's standing by shares of Peloton heading into earnings on Thursday. Bank of America reiterates Carvana as buy Bank of America said in a note on Wednesday that it's standing by shares of Carvana.

☆ Stocks making the biggest moves midday: Uber, Abiomed, Peloton, Carvana, Molson Coors and more
▼ + stars: | 2022-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Uber – Shares of Uber jumped 12% after the company reported revenue that exceeded Wall Street's expectations. J&J shares fell 1%. Molson Coors Beverage – Shares of Molson Coors fell 3.8% after the beer giant reported earnings that fell short of expectations. Goodyear Tire – Shares fell 13% after the tire company's earnings fell short of expectations due in part to higher costs and a surging dollar. Gartner – The research firm was up 7.5% after it beat per-share earnings expectations, according to StreetAccount, and issued positive full-year guidance.

☆ A wave of layoffs is sweeping the US. Here are the major companies that have announced cuts so far, from Twitter to Peloton.
▼ + stars: | 2022-11-01 | by ( Avery Hartmans | Samantha Delouya | ) www.businessinsider.com time to read: +1 min

A wave of layoffs has swept across American business in 2022. The cuts stem from slower business growth, paired with rising labor costs. Even traditionally layoff-resistant companies like Netflix have made cuts, and now companies that saw a pandemic-era boom, like Shopify, are cutting hundreds of jobs. The reason, broadly, is twofold: business growth is slowing, while labor costs are increasing. The combination is causing American companies across a variety of industries to slash headcount.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Nike, Monster, AMD, Carvana, CVS & more
▼ + stars: | 2022-11-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Tuesday's biggest calls on Wall Street: Bank of America reinstates Deckers as buy Bank of America called Deckers a "rare, consistent compounder." Deutsche Bank reiterates Amazon as buy Deutsche said "macro challenges are no doubt pressuring ad budgets" for Amazon, but the company continues to be well positioned. JPMorgan upgrades Carvana to neutral from underweight JPMorgan said in its upgrade of the stock that risks are now better understood. JPMorgan upgrades Monster to outperform from neutral JPMorgan said the beverage giant has an "attractive narrative." Bank of America reiterates Advanced Micro Devices as buy Bank of America said shares of AMD are attractive heading into earnings Tuesday afternoon.

I recently discovered that my health insurance plan offers 3 benefits that can save me money. Last week, when I started putting together this spreadsheet, I was reminded of how expensive health insurance can be. That's why I decided to look into my health insurance plan to see if there are any perks offered to me that can help me cut costs in other areas of my life. I recently discovered a sweat equity program my health insurance plan offers as a way of encouraging members to focus on their physical health. When I got on my husband's health insurance plan, I didn't check if mental health services were included.

☆ Elon Musk says he was not involved in Twitter lifting restriction on Ye's account following antisemitic post
▼ + stars: | 2022-10-29 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

One user, however, questioned why Ye's account — which was temporarily restricted over an "anti-Jewish" comment — was "already restored." The Tesla CEO said in response that "Ye's account was restored by Twitter before the acquisition" and that he was not consulted about it. The tweet is no longer on Ye’s account, which has more than 31 million followers. Edward Berthelot / GC Images fileThe comment led to Instagram also restricting Ye's account. Ye's Twitter account was placed in a "read-only mode," which limits the user's ability to post tweets, re-tweets or like content.

☆ Nets owner says he is 'disappointed' after Kyrie Irving appeared to promote antisemitic film
▼ + stars: | 2022-10-29 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

Brooklyn Nets owner Joe Tsai said he is "disappointed" after all-star guard Kyrie Irving appeared to promote a film deemed antisemitic. "I want to sit down and make sure he understands this is hurtful to all of us, and as a man of faith, it is wrong to promote hate based on race, ethnicity or religion," Tsai tweeted Friday. Irving tweeted a link Thursday to the 2018 movie "Hebrews to Negroes: Wake Up Black America." The Nets said in a statement that it strongly condemns and has zero tolerance for the promotion of hate speech. We thank those, including the ADL, who have been supportive during this time," the Nets said.

Search resuls for: "Peloton"

25 mentions found