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☆ Peloton Co-Founder Maxed Out Pledged Shares to Cover Margin Calls
▼ + stars: | 2022-10-28 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

John Foley , the former CEO of Peloton Interactive Inc., nearly doubled the amount of shares that he has pledged to cover personal loans taken out against his stake in the fitness-equipment maker. Mr. Foley pledged as collateral more than 6.7 million Class A and Class B shares, or 41% of his 16.4 million holdings, as of Oct. 4, a securities filing shows. Peloton’s policy limits such pledges to 40% of an executive’s or board member’s holdings.

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ On Instagram, Kanye West jokes about being dropped by companies
▼ + stars: | 2022-10-27 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —If Kanye West is worried about the multiple businesses that have ended relationships with him following his antisemitic comments, he’s not acting like it. The controversial artist and entrepreneur on Thursday posted a meme on his verified Instagram account that featured the headline, “Ye has reportedly cut ties with Kanye West.”“Had to cut ties bro,” he wrote in the caption. He also posted a note, captioned “Love speech,” to Endeavor Chief Executive Officer Ari Emanuel. “This is love speech. Earlier this month, West’s Instagram account was restricted and some content was deleted for violating the company’s policies.

☆ Peloton tells members it will no longer use Kanye West’s music in new classes
▼ + stars: | 2022-10-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Peloton has “indefinitely paused” playing Kanye West’s music from its streaming workout classes. Peloton said it takes this issue “very seriously” and that it made this decision “immediately following his remarks.”A Peloton spokesperson confirmed that it is sending that message to members who contact them about West’s music. Those classes won’t be deleted from the platform, however they won’t be recommended in its algorithm to users. Other platforms haven’t pulled West’s music. Apple Music did not immediately respond to CNN Business’ request for comment regarding Ye’s music.

☆ How startup Hilma raised a $3 million seed round from backers, including a former Nike exec and a Bonobos cofounder, to make running shoes more inclusive for women
▼ + stars: | 2022-10-27 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

The problem: Running shoes historically have been based off the shape of a man's foot. Hilma's shoes are made in varying shapes and widths in order to provide the perfect fit for every runner, regardless of foot shape or ability. Woman in Hilma running shoes. Hilma's launch follows Lululemon's footwear launch, which similarly prioritized female consumers and continues to exceed the company's expectations. Hilma's shoes are made in China and warehoused in the US before shipping to consumers.

☆ Microsoft could be in for a rough end to the year, says Cleo Capital's Sarah Kunst
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft could be in for a rough end to the year, says Cleo Capital's Sarah KunstSarah Kunst, managing director at Cleo Capital, joins CNBC's 'Squawk Box' to react to the disappointing earnings from Microsoft and Alphabet. Kunst also explains why she would consider buying shares of Peloton.

☆ Stock picking isn't dead. But it might as well be for most investors
▼ + stars: | 2022-10-25 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

Index funds tend to be cheaper. Obviously, index provider S&P Global (SPGI) has a vested interest in promoting passive funds backed to various benchmark indexes. Even legendary investing guru Warren Buffett of Berkshire Hathaway (BRKB) has extolled the virtues of index funds for average investors. He noted that just one of every four active funds beat their passive benchmarks over the ten years ending in June. That’s why some investors aren’t singing a funeral dirge for active stock picking – just yet.

☆ The decider: Jill Biden’s unparalleled influence and impact on the president
▼ + stars: | 2022-10-21 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +17 min

WASHINGTON — Whenever his aides are pressed about President Joe Biden’s political future, they’ll often point to one person as the true decider: his wife of 45 years, Jill Biden. Eager to introduce herself to Gina McCarthy, then the president’s chief climate adviser, she gathered some flowers from a White House garden and brought them to her office, according to White House aides. When the realization of her new security restrictions sunk in, Jill Biden told her staff she didn’t want to become isolated. Journeys outside the protective cocoon of the White House expose her to the vitriol coursing through the nation’s politics. “I don’t pay attention because I just don’t want to hear it,” Jill Biden said.

☆ Top investors say it's foolish to ignore the value in tech stocks right now. What to buy and when
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +25 min

Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.

☆ U.S. container imports tumble as supply stress gives way to slack
▼ + stars: | 2022-10-20 | by ( Lisa Baertlein | ) www.reuters.com time to read: +3 min

LOS ANGELES, Oct 20 (Reuters) - After more than two years of surging demand, the volume of container imports coming through U.S. ports has tumbled sharply, raising questions about where a sector once tracked as a supply-chain stress point will hit bottom. Container import volumes across all U.S. ports hit an all-time high in May and pulled back slightly before plunging in August and September. Volume surged as much as 40% from 2019 levels during the pandemic as retailers raced to meet soaring demand for goods. As recently as March, the Biden administration supply chain task force had tracked container imports as part of a "dashboard" to monitor the distress in the distribution of goods and a contributor to higher prices. Kemmsies said the August and September pullbacks in the volume of container imports is the result of retailers like Walmart (WMT.N) and Amazon.com (AMZN.O) cancelling billions of dollars of orders earlier this year.

☆ Beware of fad stocks. Truly owner, Snap & Zoom have plunged
▼ + stars: | 2022-10-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +4 min

The Sam Adams brewer, which also owns the hard seltzer brand Truly, is struggling as the popularity of alcoholic seltzer appears to be fading fast. “The continuing decline of the hard seltzer segment … is deeper than previously expected,” said Boston Beer founder and chairman Jim Koch on the company’s earnings call in July. Sam Adams owner Boston Beer made a big bet on Truly Hard Seltzer. Sales have slowed, the company is still losing money, its founders have left, and the stock has plunged nearly 80% this year. E-signature software company DocuSign (DOCU) and virtual health company Teladoc (TDOC) have also plunged this year after getting huge boosts from Covid in 2020.

☆ Executives from Google, NBCUniversal, Uber, and others have poured $7 million into a new fund to turn 15 women-led companies into billion dollar businesses
▼ + stars: | 2022-10-19 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +3 min

Princeton classmates Lynda Clarizio and Joy Marcus are aiming to create a new ecosystem for funding women-led businesses. The $7 million fund is still raising money to help 15 women-led businesses have a chance at success. Clarizio and Marcus hope to fund women-led companies around media, advertising, and content — areas that they both know well. The98 also hopes to create even more proof in the market that women-run businesses can be billion dollar companies, said Marcus. In the first half of 2022 start-ups with female founders raised $20.8 billion of venture funding, according to Pitchbook.

☆ Caraway to sell cookware in Target stores in its biggest brick-and-mortar push yet
▼ + stars: | 2022-10-18 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Some of Caraway's pots and pans are now sold by Target stores. Online cookware company Caraway is making its biggest push yet into brick-and-mortar stores, with its pots and pans debuting in 350 Target stores this week. Target will become the largest retailer to sell the brand in stores. Select Caraway products also are sold in 80 Crate & Barrel stores, 80 Bed Bath & Beyond stores and 20 Nordstrom outlets. Over time, he said he expects Caraway to get about half of sales from other retailers' websites or stores.

☆ Peloton's top human resources executive is leaving the company
▼ + stars: | 2022-10-18 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Peloton 's Chief People Officer Shari Eaton is leaving the company for another opportunity, she announced in a LinkedIn post Tuesday. Former CEO John Foley left his board chair position alongside fellow co-founder and Chief Legal Officer Hisao Kushi in mid-September. Previously at Amazon, Eaton was at Peloton for more than three years, joining as a vice president in the human resources division just months before the company's pandemic boom. She rose to become senior vice president of people, safety and security officer, and then global head of people. McCarthy elevated Eaton to chief people officer when he became CEO, which was a time of mass layoffs and personnel changes for the company.

☆ Peloton extends refund period for recalled Tread+ for another year
▼ + stars: | 2022-10-18 | by ( Jack Stebbins | ) www.cnbc.com time to read: +1 min

Liza Lecher works out on her Peloton Tread+ treadmill on May 24, 2021 in Williamstown, New Jersey. Peloton agreed to extend a refund period for its recalled Tread+ for another year, the company and the U.S. Consumer Product Safety Commission jointly announced Tuesday. Peloton recalled around 125,000 of its Tread+ machines and of its 1,050 Tread products. Following the recall, then CEO John Foley apologized for Peloton's inaction, and said it should have engaged with the Consumer Product Safety Commission's initial request for a recall more productively. The Tread+ was originally called the Tread, but was rebranded to prepare for the release of a less expensive version, which was then delayed by the recall.

☆ Workers at these 15 companies are happiest with their pay, says a new report—here’s why
▼ + stars: | 2022-10-14 | by ( Jennifer Liu | ) www.cnbc.com time to read: +3 min

California-based tech giants dominate the list of companies where workers feel most satisfied with their pay, according to Comparably's sixth annual report based on employee reviews. 1, Adobe employees report being happy with their compensation across pay, benefits, bonus structures, equity and more. 4 Microsoft said that beginning July 1, it would nearly double its budget for employee salary increases and boost stock compensation to help workers cope with inflation. Top companies have also been able to persevere through a volatile stock market. "The biggest trend we see is that as the overall stock market has been affected, so too does people's perspective of their compensation," Nazar says.

☆ Amazon shoppers shrug off second Prime Day sale
▼ + stars: | 2022-10-14 | by ( Annie Palmer | ) www.cnbc.com time to read: +3 min

For Amazon, the event tested how members of its Prime subscription program would respond to two major discount events in the same year, after the company's main Prime Day sale in July. They estimate Amazon brought in $5.7 billion in revenue from the Prime Early Access Sale vs. $7.5 billion in July. The average spend per order during the Prime Early Access Sale was $46.68, down from $60.29 on Prime Day, according to market research firm Numerator. Discount events such as the Prime Early Access sale are a relatively low cost way to goose sales, Kaziukenas said. WATCH: Amazon gets in front of holiday shopping with second Prime Day of the year

☆ Popular ex-Peloton instructor alleges executive mocked him for being Irish and seeking Covid exemption
▼ + stars: | 2022-10-13 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

A popular former Peloton instructor sued the company for $1.8 million Wednesday, alleging an executive disparaged his Irish ethnicity and ridiculed him for seeking a Covid-19 vaccine exemption. The leave was at odds with the culture of “corporate America,” the suit alleges Cotter said. McKenna was invited to audition for the company after building a following as a personal fitness instructor, the suit says. He experienced an "80 percent growth in followers and highest percentage growth of any Peloton instructor," the suit claims. After McKenna was vaccinated, the suit alleges Cotter "forced" him to observe a 14-day quarantine while he repeatedly tested negative.

☆ Saga of Wall Street's pandemic darlings ends with tears
▼ + stars: | 2022-10-12 | by ( Sinéad Carew | ) www.reuters.com time to read: +5 min

Its problems put a spotlight on other pandemic hot-shots like Zoom Video Communications (ZM.O), Nautilus Inc (NLS.N), DocuSign Inc (DOCU.O) and DoorDash Inc (DASH.N). Register now for FREE unlimited access to Reuters.com RegisterGrowth investors pushed Peloton stock to a $171.09 record in early 2021. Others bought exercize gear from Nautilus during the pandemic, sending its stock up to $31.30 in early 2021. So, while people might still be using the Peloton, not enough people are buying the Peloton," said Forrest. While one possible outcome for pandemic favorites with slowing growth could be a buyout by a larger company, Schleif is wary of making this bet.

☆ Amazon October Prime Day: 50+ best deals to shop ahead of Black Friday
▼ + stars: | 2022-10-12 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +15 min

For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.7-star average rating from 2,378 reviews on AmazonThis indoor gardening system allows you to grow herbs indoors year round. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.

Amazon’s second Prime Day-like sale this year is now on — for the first time in Prime Day history. Prime Early Access Sale: The best deals on products at their lowest price everBelow, we’re sharing the best products — based on our previous coverage and reporting — that are at their lowest price ever during the Early Access Prime Sale. 4.7-star average rating from 522,925 reviews on AmazonAmazon's smart plug is designed to be compact so it won't block a second wall outlet, the brand says. It has a 5,000mAh battery that, according to the brand, should last for more than a day on a single charge. 4.4-star average rating from 618 reviews on AmazonUnlike razors that only trim hair at the skin’s surface, epilators remove hair from the roots.

☆ Squarespace, a Website-Development Firm, Names Amazon Executive as CFO
▼ + stars: | 2022-10-12 | by ( Mark Maurer | ) www.wsj.com time to read: +4 min

Mr. Gooden most recently led the finances of the unit behind Alexa, Amazon’s virtual assistant, and Echo, which sells the online retailer’s smart-speaker products. At Squarespace, Mr. Gooden is set to succeed Marcela Martin, who held the CFO role from November 2020 until July of this year. Photo: Squarespace Inc.Liz Coddington, the former vice president of finance for Amazon Web Services, in June joined exercise equipment company Peloton Interactive Inc. as CFO. Squarespace declined to make Mr. Gooden available for an interview, nor did he immediately respond to a request for comment via LinkedIn. Prior to joining Amazon, Mr. Gooden held CFO roles at companies such as payments firm SpacePointe and defunct commerce platform Solavei LLC.

☆ October Prime Day: 45+ best deals from Crest, Keurig and more
▼ + stars: | 2022-10-12 | by ( Zoe Malin | Zoe Malin Is The Associate Updates Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +14 min

For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.6-star average rating from 72,050 reviews on AmazonThe Keurig K-Mini is one of our favorite single-serve coffee makers. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.

When you buy through our links, Insider may earn an affiliate commission. Learn more. It's the second and last of Amazon's Prime Early Access Sale, and from now until tonight, you can save on all kinds of fitness supplies. Like this year's first Prime Day, the Prime Early Access Sale features steep discounts on everything from Peloton gear to NordicTrack treadmills and protein supplements. Check out our favorite fitness and workout deals below.

☆ Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped
▼ + stars: | 2022-10-11 | by ( Sharon Terlep | Suzanne Vranica | ) www.wsj.com time to read: 1 min

John Foley , the co-founder and former chief executive of Peloton Interactive faced repeated margin calls on money he borrowed against his Peloton holdings before he left the fitness company’s board last month, according to people familiar with the situation. As Peloton’s shares slumped over the past year, Goldman Sachs Group asked Mr. Foley several times to provide fresh funds or additional collateral for personal loans the bank had extended to him, the people said. The company’s share price has fallen nearly 95% from its $160 peak in December 2020.

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