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As the company searches for a new CEO, Peloton Chairperson Karen Boone and Peloton Director Chris Bruzzo will serve as interim co-CEOs. How much you'd have if you invested $1,000 in PelotonPeloton has come a long way from when the company was founded in 2012. If you had invested $1,000 in Peloton in 2019, 2021 or 2023, here's how much it would be worth now. CNBC's calculations are based on the company's May 2 closing share price of $3.13. And if you had invested $1,000 in Peloton in 2019 when it first went public, your investment would have decreased by about 89% and be worth about $108 as of May 2.
Persons: it's, Barry McCarthy, John Foley, He'll, Karen Boone, Chris Bruzzo Organizations: Interactive Locations: New York
CNN —For South Dakota Gov. A bipartisan group of members of Congress set up a Congressional Dog Lovers Caucus in a not so subtle dig to the South Dakota governor. Some Republicans came to her defense, like South Dakota Rep. As many questioned why she volunteered this story in her book, Noem said it demonstrates how she doesn’t run from the truth. As governor of South Dakota during the height of the Covid-19 pandemic, she resisted lockdowns.
Persons: Kristi Noem, , Donald Trump’s, , Noem, Dusty Johnson, Dakota Sen, Mike Rounds, , ” Noem, ” Trump, Stephen Colbert, Kim Jong, Emmanuel Macron, Kim, Nikki Haley, Haley, Ian Fury, ” Fury, ” Jesse Hunt, Trump, She’s, Corey Lewandowski, That’s, ” Nancy Pallozzi, Matt Gorman, Gorman, it’d Organizations: CNN, South Dakota Gov, Cricket, The Guardian, Caucus, South Dakota Rep, Fox News, Dakota Scout, US House Armed Services Committee, North Korean, Scout, Politico, South Carolina Gov, Republicans, Republican, Republican Governors Association, National Rifle Association, Trump, Trump loyalists, Mar, California GOP, Jefferson County Republicans, Jefferson County Republican Party Locations: Dakota, America, Texas, South Dakota, California, Denver, Jefferson
Kristi Noem is facing concerns about her forthcoming book beyond her bizarre anecdote that she killed the family's 14-month-old dog because it was too aggressive. "We've been made aware that the publisher will be addressing conflated world leaders' names in the book before it is released," Noem spokesperson Ian Fury told the publication. Advertisement"Hi, Governor, this is Ambassador Nikki Haley, and I just wanted to introduce myself and have a conversation," Noem wrote of the talk. After the conversation, Noem claims she called an aide. "Nikki has long called and written notes supporting other women when they go through challenging times," Haley spokesperson Chaney Denton told Politico.
Persons: , Kristi Noem, Kim Jong Un, We've, Noem, Ian Fury, Donald Trump's, I've, Steve Bannon, Donald Trump Jr, Kim mixup isn't, Nikki Haley, Haley, Haley's, Trump, Nikki, Chaney Denton Organizations: Service, Dakota Gov, Politico, North, Business, South, Republicans, Trump, White, GOP Locations: South Dakota
HGTV's new show "Zillow Gone Wild" premieres May 3rd. AdvertisementHost Jack McBrayer tours one "Zillow Gone Wild" home with its owner Tracy Turco. Zillow Gone Wild is now driven by mostly user submissions, its founder tells BI. The "Pink Palace" is one home featured on HGTV's new show "Zillow Gone Wild." "Zillow Gone Wild" airs 10:30 p.m. on Fridays on HGTV and is streaming on Max.
Persons: , Jack McBrayer, Kenneth, Tracy Turco, Samir Mezrahi, Mezrahi, perusing, Dan Latu, Magda Gabor, Gabor, glamor, McBrayer Organizations: Service, HGTV, NBC, Hollywood Regency, Hollywood, Max Locations: Instagram, North Carolina, California, Palm Springs, Hollywood, Florida
CNBC's Jim Cramer on Friday analyzed Cracker Barrel 's business over the past few years, telling investors they should wait to buy the stock until the company gives a progress update on its conference call in two weeks. So as the competition raises prices to combat inflation, Cracker Barrel has less room to do so. Cramer also said he wants to know whether the company will cut its dividend. "I want to recommend Cracker Barrel, I really do," Cramer said. Cracker Barrel did not respond immediately to CNBC's request for comment.
Persons: CNBC's Jim Cramer, Cramer, Julie Felss Masino, Masino Organizations: Taco Bell
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailModerna CEO Stephane Bancel on Q1 results: The vaccine platform is coming together very nicelyModerna CEO Stephane Bancel joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid vaccine topped estimates, vaccine pipeline, growth outlook, and more.
Persons: Stephane Bancel Organizations: Email Moderna
“If we work with our physiology knowing that women are women and men are men, knowing that women are not small men, then imagine the (health) outcomes,” she said at a 2019 TED talk. Women of all ages should focus on strength training to help reduce risk of dementia, said exercise physiologist and nutrition scientist Dr. Stacy Sims (not shown). Dr. Stacy Sims said women should prioritize eating more protein to support building muscle, especially as bodies age. But if we have that lean mass from strength training, it really helps calm down that rate of change. Drinking something cold right after exercise helps bring that blood back centrally, reduces metabolites and starts the reparation process.
Persons: Joe Biden, , Stacy Sims, , MoMo, Sims, Darwin, that’s, Alzheimer’s, haven’t, It’s, , Melanie Radzicki McManus Organizations: CNN’s, CNN, TED, National Institutes of Health, Women’s, US National Institutes of Health Locations: Mount Maunganui , New Zealand
New York CNN —Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. Regulators say Sheffield, then the CEO of Pioneer Natural Resources, used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group that includes Russia. Unlike with OPEC nations, US oil production is supposed to be decided by the free market, not by coordination among the major players. The FTC said that while Sheffield was discussing efforts to coordinate output with other Texas producers, the Pioneer CEO said: “If Texas leads the way, maybe we can get OPEC to cut production. Exxon said that in response to the FTC’s concerns, it will not add Sheffield to its board.
Persons: New York CNN — Scott Sheffield, “ Mr, , Kyle Mach, Sheffield “, Douglas Farrar, Sheffield, , Exxon Organizations: New, New York CNN, OPEC, Federal Trade Commission, Sheffield, Organization of, Petroleum, Saudi Arabia, Regulators, Pioneer Natural Resources, FTC, ExxonMobil, Competition, CNN, Railroad Commission, Texas, Exxon Locations: New York, American, Saudi, Sheffield, Texas, OPEC, Russia, FTC’s, Saudi Arabia
Earnings per share rose 1% to $1.53, a March quarter record, and exceeded the LSEG consensus estimate of $1.50. This resulted in stronger-than-expected free cash flow, which is more important than operating cash flow because it is cash Apple can ultimately return to shareholders via buybacks and dividends. During the reported quarter, Apple paid over $27 billion to shareholders, including $3.7 billion in dividends and equivalents and another $23.5 billion via the repurchase of 130 million shares. Quarterly results Apple's services sales notched another record, which offset a slight miss in product sales and led to beats on gross and operating income. iPad sales are expected to gain double digits year over year, much better than the 5.9% expected on Wall Street.
Persons: Tim Cook, Cook, we're, Apple, Luca Maestri, Maestri, Jim Cramer's, Jim Cramer, Jim Organizations: Apple, Management, MacBook, MacBook Air, Apple Watch, Fortune, Apple Vision, KLM Airlines, CNBC, Apple Inc, Visual China, Getty Locations: China, Greater China, America, East, Canada, India, Spain, Turkey, Indonesia, WWDC, U.S, Australia, France, Germany, Japan, Shanghai
Footwear company Crocs has strong momentum, making it a solid play for investors ahead of earnings out next week, according to Bank of America. Analyst Christopher Nardone reiterated his buy rating and $150 price target, saying the stock is a winner in a "price-sensitive consumer environment." Nardone expects Crocs' international business, which accounts for 40% of its total sales, to be "the driver of outsized growth" for the quarter and full year. He forecasted total Crocs sales growth of 8% in the first quarter and 6% in the full year. "Nearer term, we think the market will be most focused on signs of improvement in both DTC and margins," for Heydude, Nardone said.
Persons: Crocs, Christopher Nardone, It's, Nardone, Terence Reilly's, Stanley, Steve Madden Organizations: Bank of America Locations: Asia, China, India
Research dating back decades has found that emotional intelligence is the greatest predictor of success in the workplace. Having a high EQ can also help you manage stress and curb burnout, according to Kandi Wiens, director of the University of Pennsylvania's Master's in Medical Education program. For her new book, "Burnout Immunity," Wiens interviewed hundreds of people thriving in high-stress environments, including hospital employees and police chiefs who remained motivated and optimistic while working as first responders at the height of the Covid-19 pandemic. Wien suggests paying close attention to how you cope with stress to gauge your emotional intelligence at work. As Wiens explains in "Burnout Immunity," cultivating healthier responses to stress can prevent burnout, which stems from chronic, unmanaged stress.
Persons: Kandi Wiens, Wiens Organizations: University of Pennsylvania's, Medical, CNBC Locations: Kandi, Wien
Jeff Bridges has been married to his wife Susan for 48 years, and she supported him through cancer. He credits his long, happy life to their relationship: "Marriage is a wonderful thing." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And spoiler alert: A lot of that has to do with his wife, Susan Geston Bridges, who was with him. Bridges' sentiment is sweet, but also backed by scienceJeff and Susan Bridges in 1977.
Persons: Jeff Bridges, Susan, , Chaplin, Alice Tully, Bridges, Susan Geston Bridges, I've, it's, Jeff, Susan Bridges, Ron Galella, Sue, COVID, BI's Hilary Brueck, Robert Waldinger Organizations: Service, Lincoln, Business, AARP, Bridges, Harvard, Development Locations: New York City, Montana
The hallmarks of a state dinner were there: lavish floral displays festooning the White House, the first lady arriving in a floor-length sequined gown, and members of Congress and cabinet secretaries mingling with attendees. But the honored guest was not the president of France or the prime minister of Japan. It was Missy Testerman of Rogersville City School in rural Tennessee. Jill Biden, the first lady, kicked off a new format for delivering the National Teacher of the Year award on Thursday by hosting this year’s winner, Ms. Testerman, and dozens of other teachers from across the country at the White House with a ceremony emulating the pomp normally reserved for foreign dignitaries. “Tonight we celebrate you because teaching isn’t just a job, it’s a calling,” Dr. Biden said, adding, “To answer this call of service is in itself an act of hope.”
Persons: Missy Testerman, Jill Biden, Testerman, Dr . Biden, isn’t, it’s, ” Dr, Biden, Organizations: Rogersville City School, White Locations: France, Japan, Tennessee
But the Hollywood strikes pushed the release date for "Deadpool & Wolverine, so "The Fall Guy" stepped in. 2012's "The Avengers" brought in $207 million opening weekend and grossed over $1.5 billion worldwide. 'The Fall Guy' doesn't need to earn what past Marvel titles did to be successfulRyan Gosling in "The Fall Guy." There have to be other big winners, and that's where "The Fall Guy" comes in. "The Fall Guy" is tracking in the mid-$30 million range for this weekend, multiple industry sources told BI.
Persons: Guy, , David Leitch, Ryan Gosling, Emily Blunt, Tim Handren, Hadren, Jeff Bock, Bock, Max Organizations: Marvel, Service, WGA, SAG, Santikos Entertainment, Marvel Studios, Hollywood Locations: Hollywood, Antonio
Wayfair's sales slid during its first fiscal quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. The steepest drop off came from Wayfair's international segment, where sales fell nearly 6% to $338 million compared to the year-ago period. The restructuring – the third Wayfair implemented since summer 2022 – was expected to save the company about $280 million, it said previously. During the quarter, Wayfair's active customers grew 2.8% to 22.3 million, slightly ahead of the 22.1 million that analysts had expected, according to StreetAccount. On average, orders were valued at $285 during the quarter, compared to the $275.07 that analysts had expected, according to StreetAccount.
Persons: Wayfair, Niraj Shah, Shah, Organizations: LSEG
Trump repeatedly attacked Kennedy over social media this past weekend, despite the former president's claim that he knows little about Kennedy. Trump's refusal to debate Kennedy may not be entirely in his hands. But Trump and his allies have been harshly critical of the debate commission. AdvertisementBiden recently told radio host Howard Stern that he would like to debate Trump, but there is rampant speculation such a debate will never occur. The second debate was canceled after Trump refused to accept a virtual format after the then-president tested positive for COVID-19.
Persons: , Donald Trump, Robert F, Kennedy Jr, Trump, Kennedy, Biden, He's, Nicole Shanahan, MAGA, Joe Biden, Ross Perot, Howard Stern Organizations: Service, RFK, Business, NBC News, Trump voters, Capitol, Politico, Republican National, Texas State University, Trump Locations: Manhattan, Texas, San Marcos , Texas
I spoke with Latina chefs about their culinary crafts at a Latin food festival in New Jersey. On a warm, sunny April day in Paramus, New Jersey, the Westfield Garden State Plaza parking lot transformed into a Latin food festival. Children enjoy the warm weather and live music during a Latin food festival in Paramus, New Jersey. Cynthia Soto, owner of Empanada Lady stands for a portrait near her food stand during the Latin food festival. Honestly, I wasn't expecting much when I heard about a Latin food festival in Paramus.
Persons: , Hurricane Maria, Alvarado Jr, Cynthia Soto, Soto, I've, Franny Reyes, Kathy Quiroga —, Reyes, Sweets, they've, they're, Quiroga, Kathy Quiroga, Karla, Bianca, Margarita, Amores, Fernandez, Sofía Viera Organizations: Puerto Rican, Service, Westfield Garden, Hurricane, BI, BI Entrepreneurship, Latina, Puerto Locations: New Jersey, Puerto, Paramus , New Jersey, Puerto Rico, Jersey, José, Puerto Rican, Piñones , Puerto Rico, Dominican, Long, Kathy Quiroga — Dominican, Reyes, Puerto Rican Cuban, East Coast, mayo, Paramus, Brooklyn
Case in point: the PowerPoint party, where people get together to show each other presentations on various topics in the name of having fun. It's a chance to be creative and turn something you do at work into something silly and social. The rise of the PowerPoint party also speaks to the workification of our day-to-day lives. Perhaps it's no surprise that young adults who had their childhood activities scheduled down to the minute are embracing the PowerPoint party. If you absolutely insist on having a PowerPoint party, God bless.
Persons: , it's, we've, hotness, It's, Anna North, Emily Stewart Organizations: Harvard, it's Harvard, Cosmopolitan, Microsoft, Google, Monopoly, Business Locations: Canada
The Dutch princess faced a kidnapping threat while studying at the University of Amsterdam in 2022. AdvertisementThe heir to the throne of the Netherlands, Princess Amalia, said that her fear of being kidnapped forced her to move countries. AdvertisementShe moved to a regular accommodation block in 2020, even though the Dutch royals have a palace in Amsterdam. As a result, she moved back to the main Dutch royal residence in The Hague. Princess Amalia of The Netherlands at the University of Amsterdam on September 5.
Persons: Princess Catharina, Amalia of, Catharina, , Princess Amalia, Amalia, Princess Amalia of The, van Katwijk, King Willem, Alexander, Per, Britain's Princess Anne, Michael Fagan, Fagan Organizations: University of Amsterdam, Service, BBC, Bild, Guardian, NOS, People, Royals, Royal Locations: Netherlands, Spain, Amsterdam, The Hague, Rotterdam, Princess Amalia of The Netherlands, Corona, Madrid, Dutch, Buckingham
Bill Gross says bond prices will be higher rather than lower in the near term as Treasury issuance surges. Gross also said the "total return" bond strategy he helped develop in the 1980s is dead. AdvertisementThe high level of US debt issuance signals to investors that they should expect yields to move higher, not lower, according to "bond king" Bill Gross. AdvertisementGross explained that while Treasury debt has been growing at a rapid rate, other types of debt, including business and household debt, have been growing more slowly. As a result, in order to make up for this difference, the government must ramp up Treasury debt by over 10% to uphold 5.5% nominal GDP growth, he wrote.
Persons: Bill Gross, Gross, , PIMCO Organizations: Service, Treasury, Federal
Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The biotech company booked first-quarter sales of $167 million, with revenue from its Covid shot dropping roughly 90% from the same period a year ago. The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from its RSV vaccine. For the first quarter, Mock said the company is "more encouraged by what we're seeing from a productivity perspective" than the higher sales of its Covid vaccine. Cost of sales was $96 million for the fourth quarter, down 88% from the same period a year ago.
Persons: we've, Stéphane Bancel, Jamey Mock, Mock, OpenAI Organizations: Moderna, LSEG, CNBC, Research, Mock, Merck Locations: Moderna, U.S, America
In a letter to staff, McCarthy said the company needed to implement layoffs because it wouldn't be able to generate sustainable free cash flow with its current cost structure. "Achieving positive [free cash flow] makes Peloton a more attractive borrower, which is important as the company turns its attention to the necessary task of successfully refinancing its debt," McCarthy said in the memo. McCarthy had also expected Peloton to reach positive free cash flow by June — a goal the company said it reached early during its third quarter. In a letter to shareholders, Peloton said it generated $8.6 million in free cash flow but it's unclear how sustainable that number is. The company didn't provide specific guidance on what investors can expect with free cash flow in the quarters ahead but said it does expect to "deliver modest positive free cash flow" in its current quarter.
Persons: Barry McCarthy, McCarthy, Karen Boone, Chris Bruzzo, Jay Hoag, It's, John Foley, hasn't, Goldman Sachs, Boone, Barry, Bruzzo, , hadn't, Creditsafe, it's, Foley Organizations: Interactive, Allen & Company Sun Valley Conference, Spotify, Netflix, JPMorgan, LSEG, outperformance, CNBC Locations: Sun Valley , Idaho, lockstep
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTanger came out of COVID like a gunshot, 'company continues to grow', says CEO Stephen YalofTanger President and CEO Stephen Yalof joins 'Mad Money' host Jim Cramer to talk the health of the consumer, quarterly results, and more.
Persons: Tanger, Stephen Yalof Tanger, Stephen Yalof, Jim Cramer
The Supreme Court denied military chaplains' lawsuit claiming retaliation for refusing the COVID-19 vaccine. The appellate court ruled that the Defense Department's decision in January 2023 to rescind the vaccine mandate rendered the chaplains' case moot. The Defense Department was later ordered to pay $1.8 million in legal fees as settlement for two lawsuits over the mandate. An aeromedical technician fills a syringe with the COVID-19 vaccine at the Pittsburgh International Airport Air Reserve Station in Pennsylvania. US Air Force photo by Joshua J. SeybertThe Defense Department began requiring service members to get the COVID-19 vaccine in August 2021.
Persons: , recrimination, Mauricio Campino, Israel Alvarado, Joshua J, Johnson Organizations: Defense Department, Service, Appeals, Fourth Circuit, Defense, Airmen, Dover Air Force Base, US Air Force, Austin, Pentagon, Navy, Fifth Circuit, US, The Defense Department, Pittsburgh International Airport Air Reserve, Moderna, Pfizer, Johnson, Air Force, Space Force Locations: Delaware, Israel Alvarado et, Pennsylvania, COVID, China
The one person we know of so far who has tested positive for infection (a mild case) was a Texas dairy worker. Agricultural workers have always been an underprotected population for zoonotic diseases, including influenza viruses of animal origin. So far, bird flu testing of this cohort has been woefully inadequate. The exact number of dairy workers and other people who have so far been tested for H5N1 is not publicly available at the federal level. There is no excuse to continue only limited testing of this vulnerable population.
Persons: Organizations: for Disease Control Locations: United States, Texas, slaughterhouses
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