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☆ Stocks making the biggest moves after hours: Micron, Peloton, Jefferies and more
▼ + stars: | 2023-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Micron Technology — The chip stock slid 4% in extended trading after Micron offered weaker-than-expected earnings guidance for the current quarter. Micron said to expect a loss of $1.07 per share, while analysts polled by LSEG, formerly known as Refinitiv, expected 95 cents. Fuller reported $1.06 in earnings per share, excluding items, on $900.6 million in revenue, while analysts polled by FactSet forecast $1.14 in earnings per share on $954 million in revenue. The consensus estimate of analysts polled by FactSet sat slightly higher at 70 cents per share. The company guided full-year revenue between $420 million and $430 million, less than the $432.8 million forecast by analysts.

Persons: Lululemon, Jefferies, Fuller, Duckhorn, FactSet Organizations: Micron Technology, Micron, LSEG, Jefferies, FactSet

☆ Peloton shares soar on digital content partnership with Lululemon
▼ + stars: | 2023-09-27 | by ( Jacob Pramuk | ) www.cnbc.com time to read: 1 min

In this articleJen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California. Peloton shares spiked Wednesday as the company announced a five-year partnership to develop digital fitness content for Lululemon . The fitness company's stock soared as much as 30% in extended trading. Lululemon said it will stop selling the Studio Mirror device by the end of the year. Please check back for updates.

Persons: Jen Van Santvoord, Lululemon Locations: San Anselmo , California

☆ Peloton co-founder and Chief Product Officer Tom Cortese is leaving the company
▼ + stars: | 2023-09-26 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Peloton co-founder and Chief Product Officer Tom Cortese is leaving the company and will be replaced by longtime Silicon Valley veteran Nick Caldwell, the company announced Tuesday. Cortese, who helped found the connected fitness company alongside former CEO John Foley in 2012, will move into an advisory role beginning Nov. 1, the company said. He'll oversee global product development and will start the new role Nov. 1. "I want to thank Tom for his tireless dedication since launching Peloton nearly 12 years ago as a Co-Founder of the business. "Nick brings impressive engineering, design, and product experience to the Peloton team.

Persons: Tom Cortese, Nick Caldwell, Cortese, John Foley, " Cortese, I'm, Caldwell, He'll, Tom, Barry McCarthy, Nick Organizations: Silicon, Twitter, Google, Microsoft

☆ Is Instacart really a tech company? The case for and against
▼ + stars: | 2023-09-22 | 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 EmailIs Instacart really a tech company? The case for and againstSome of the biggest, most highly-anticipated IPOs of the last few years have fallen short, burning investors who thought they were buying a technology stock. Peloton, WeWork, Blue Apron, and StitchFix all might have called themselves tech companies, but their growth ended up being hugely restricted by real-world limitations. So as a new wave of IPOs begin, investors might be struggling to determine where Instacart falls. This week on Tech Check, we dive into the grocery delivery app and ask, is Instacart really a tech company?

Persons: Instacart Organizations: Tech

☆ Gold bars, cash, and an air purifier: The 8 alleged bribes Sen. Bob Menendez and his wife took, ranked
▼ + stars: | 2023-09-22 | by ( Jacob Shamsian | Taylor Berman | ) www.businessinsider.com time to read: +7 min

The group, prosecutors alleged in a 39-page indictment, participated in a bribery conspiracy. Air purifierThe air purifier is another item Hana allegedly purchased for the Menendezes in "early 2021," according to the indictment. Home mortgage paymentsThe indictment, rudely, points out that Nadine Menendez was unemployed when she started dating the senator, in 2018. AdvertisementAdvertisementThe businessmen allegedly arranged to give Nadine Menendez the car in early 2019, which was before they allegedly arranged her mortgage payments. Nadine Menendez allegedly took these photos of gold bars on the same day she took them to a person referred to only as "The Jeweler" in the indictment.

Persons: Sen, Bob Menendez, US Sen, Nadine Menendez, Wael Hana, Jose Uribe, Fred Daibes, Menendez, Hana —, New Jersey —, Hana, HANA, Nadine, Daibes, Cash, envelops, It's, Uribe, Nadine Menendez texted Uribe, Nadine texted, John F Organizations: Service, US, Bob Menendez of New, Prosecutors, Air, Cash, Attorney's, AP, Mercedes, Benz, Kennedy, FBI Locations: Egypt, Wall, Silicon, Manhattan, Bob Menendez of, Bob Menendez of New Jersey, New Jersey

☆ 3 investors share the strategies they're using to earn passive income and build wealth while they sleep
▼ + stars: | 2023-09-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

Building a side hustle or working a part-time job is a great way to increase your income — but it can be time consuming. Whereas, with passive income, the idea is you do upfront work and then the gig pays you while you sleep. Insider has spoken with individuals and couples who have built passive income streams that are helping them build wealth without having to put in a ton of hours. "I 100% think that it can be a lucrative passive income stream," Erika said of investing in a franchise. Today, he's a full-time real estate investor but spends just two to three hours a week on short-term rental business.

Persons: Erika, Kareem Hall, They've, , Kareem, —, Erika Hall, Rachael Victoria, Kent Organizations: Soccer Shots, Emory, Soccer, he's Locations: Georgia, Scottsdale , Arizona, Scottsdale

☆ American Kuss crowned Vuelta champion, Groves wins in Madrid
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +4 min

The 29-year-old ended 17 seconds ahead of Denmark's Tour de France winner Vingegaard with Slovenia's Giro d'Italia winner Roglic one minute and eight seconds behind in third place. There was a celebratory mood amongst the Dutch team on the 101km 21st stage that concluded on a street circuit around the landmarks of Madrid. But the battle for the stage victory was a high-octane thriller as a small lead group featuring Groves and Remco Evenepoel was caught by the peloton in the final 500m. While Kuss celebrated the overall victory, Groves secured the green jersey for the points category -- the first Australian to achieve that in the Vuelta. When Kuss took the red jersey from Lenny Martinez (Groupama-FDJ) on stage eight, most thought he was just keeping it warm for either Vingegaard or Roglic.

Persons: Jumbo –, Sepp Kuss, Jumbo – Visma's Jonas Vingegaard, Australian Kaden Groves, Kuss, Jonas Vingegaard, Chris Horner's, Vingegaard, Groves, Remco Evenepoel, Filippo Ganna, Germany's Nico Denz, Lenny Martinez, Marc Reef, Sepp, Martyn Herman, Toby Davis, Hugh Lawson Organizations: Espana, Australian, de, Ineos, Giro, de France, Eurosport, Thomson Locations: Madrid, Spain, MADRID, Espana, Bora, Australian, Evenepoel

☆ Dainese escapes final km crash to win Vuelta stage 19, Kuss retains lead
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Sept 15 (Reuters) - Alberto Dainese of Team DSM-Firmenich narrowly avoided a massive crash in the final kilometre to sprint to victory in stage 19 of the Vuelta a Espana on Friday while American Sepp Kuss of Jumbo-Visma finished safely in the peloton to retain the overall lead. Filippo Ganna was in the ideal position at the front and opened up the final sprint but Dainese timed his sprint to perfection to edge out his fellow Italian by milliseconds. Dainese said the victory was special as he is leaving the team for Tudor Pro Cycling next term. "Today I felt a lot of pressure because I knew it was the last opportunity for a sprint. Kuss, two stages away from winning his first Grand Tour, was all smiles as he retained the red jersey.

Persons: Alberto Dainese, Sepp Kuss, Visma, Kaden Groves, Filippo Ganna, Dainese, Jumbo, Dane Jonas Vingegaard, Kuss, Rohith Nair, Ken Ferris Organizations: DSM, Firmenich, Ineos Grenadiers, Bahrain Victorious, Tudor Pro Cycling, Thomson Locations: Movistar, Bahrain, Bengaluru

☆ Retailers are losing $100 billion a year from return fraud, bots and coupon stacking, study says
▼ + stars: | 2023-09-14 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

This type of "friendly fraud" might feel harmless and seem like a small drop in the bucket for powerful corporations. But taken together with more nefarious forms of fraud, it's costing retailers more than $100 billion per year, according to Riskified , which published a new study on the problem on Thursday. Riskified uses artificial intelligence and automation to fight fraud and boost revenue at major retailers including Wayfair , Peloton , Revolve and Canada Goose . For the study, it surveyed over 300 global companies with more than $500 million in total annual revenue. The firm found retail policy abuses, such as return fraud and using fake email addresses for promo codes, is rising for some retailers.

Persons: Robert, there's, they've, Eido Gal, Gal Organizations: Hulu, CNBC Locations: Long, , New York

☆ Kuss close to overall Vuelta victory as Evenepoel wins stage 18
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Sept 14 (Reuters) - Belgium's Remco Evenepoel claimed his third victory in this year's Vuelta a Espana with a solo attack on a mountainous stage 18 and Jumbo-Visma's Sepp Kuss moved a step closer to winning his first Grand Tour on Thursday. Evenepoel's hopes of fighting the Jumbo-Visma riders for the overall title evaporated on stage 13 when he was dropped on the Col d'Aubisque and lost 27 minutes. "It was a super good opportunity to take the points for my jersey -- I took all the points -- and my third stage win is amazing to end the Vuelta with." Provided he avoids any mishaps on Friday and Saturday, Kuss will be a popular champion in Madrid. Vingegaard, who has been helped often by Kuss, warned that there is still a tough stage on Saturday and that the team needed to keep fighting.

Persons: Remco Evenepoel, Sepp Kuss, Evenepoel, La Cruz de, Pola de Allande, Kuss, Jonas Vingegaard, Primoz Roglic, rojo, Vingegaard, It's, Evenepoel's, d'Aubisque, Italy's Damiano Caruso, Denmark's Andreas Kron, Roglic, Juan Ayuso, Sepp, Dane, Martyn Herman, Toby Davis Organizations: La, La Cruz de Linares, Pola de, de France, Giro, Eurosport, UAE Team Emirates, Enric, Thomson Locations: Puerto, Pola, Madrid, Bahrain, American

☆ Evenepoel redeems himself with brilliant Vuelta stage win
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

American Kuss retained the red jersey and his one minute 37 seconds advantage over three-times Vuelta winner Roglic while Vingegaard is 1:44 adrift. From the beginning of the stage he was in every attack and once the escape group became established it was clear he was the boss of it -- making a tough day look like a breeze. "Yesterday was a very difficult day and also the evening with a lot of negative thoughts in my head," Evenepoel said. "It was a super tough stage but really nice to take my second stage win. Sunday's stage is a hilly route from Pamplona to Lekunberri.

Persons: Remco Evenepoel, Romain Bardet, France's, masterclass, Sepp Kuss, Primoz Roglic, Jonas Vingegaard, Kuss, Roglic, Juan Ayuso, Evenepoel, Martyn Herman, Ed Osmond, Hugh Lawson Organizations: Belgian, Jumbo, UAE Team Emirates, Thomson Locations: Espana, Belgian, France, Spain, Vingegaard, Kuss, Pamplona, Lekunberri

☆ A mother is suing Peloton claiming her son was killed when his bike fell on him
▼ + stars: | 2023-09-08 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Johanna Furtado is suing Peloton, alleging its bike caused her son's death in 2022. Ryan Furtado was later found by the New York Police Department. Johanna Furtado alleges in the suit that Peloton did not provide enough warning that the bike could cause injury if people used it to pull themselves off the floor. On the bike Ryan was using, the lawsuit claims there was only a single warning label, which the suit calls "inadequate." The lawsuit is only one of the issues Peloton has faced over the past few years.

Persons: Johanna Furtado, Ryan Furtado, Ryan, Furtado, Global Communications Ben Boyd Organizations: Service, New York Police, Global Communications Locations: Wall, Silicon

☆ New York man was killed 'instantly' by Peloton bike, his family says in lawsuit
▼ + stars: | 2023-09-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. The family of a New York man claims he was killed by his Peloton bike just six months after buying it, but the company insists that his own negligence caused his death, according to a lawsuit filed in state court. The lawsuit, filed in March 2023 in Brooklyn civil Supreme Court by Furtado's mother Johanna Furtado, is several months old. While at least one child was killed by Peloton's treadmill in March 2021, Furtado's death is the first known fatality linked to the company's ultra-popular exercise bike. Peloton's exercise equipment has gone through numerous recalls over the last few years.

Persons: Gundee, Ryan Furtado, Furtado, Furtado's, Johanna Furtado, Ben Boyd, plaintiff's decedent's Organizations: New York Police, Daily, Consumer Product Safety Locations: San Anselmo , California, New York, Brooklyn

☆ Insider Today: Y Combinator's Demo Day decline
▼ + stars: | 2023-09-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +10 min

Y Combinator's Demo Day, which will wrap up today, was long considered the event for early-stage startups. AdvertisementAdvertisementInvestors front-running Demo Day was previously considered a major faux pas. You might ask yourself: Who cares if startups line up investments before Demo Day? And companies that get investments before Demo Day might regret it in the long run. The new rating system for performance reviews determines pay — and managers were instructed to not share it with employees.

Persons: I've, that's, Madeline Renbarger, haven't, It's, it's, Samantha Lee, Madeline, There's, Martin, Ryan Reynolds, LeBron James, they're, Ed Yardeni, Jeremy Grantham, Brevan Howard, Peter Hornick, Eduardo Munoz, Sapna Chadha, Shopify, Arantza Pena Popo, YIMBYism, Elon Musk, Katy Perry, Hozier, Hayao Miyazaki's, Heidi Tissenbaum's, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NFL, Tech, Bank, Getty Images, REUTERS, Google, Google Asia Pacific, The Kansas City Chiefs —, Detroit Lions, 48th Toronto, Getty Locations: Wall, Silicon, Silicon Valley, Nevada, The, New York City, San Diego, London, New York

☆ Frenchman Soupe surprise winner of Vuelta stage seven
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

Sept 1 (Reuters) - Geoffrey Soupe came out on top in the predicted sprint finish to win a crash-ridden stage seven of the Vuelta a Espana on Friday. "I didn't think it was possible to win a stage because it's really, really, really fast in the sprint," Soupe said. "Yet today it's really nervous in the final (sprint), we have a lot of roundabouts, a lot of wind also. Groves, winner of stages four and five, managed to win the intermediate sprint to maintain his grip on the Green jersey. An earlier crash saw Geraint Thomas and Kim Heiduk of Ineos Grenadiers involved, with the Welshman needing treatment before returning to the bunch.

Persons: Geoffrey Soupe, Aular, Edward Theuns, Kaden Groves, it's, Soupe, Sepp Kuss, Thymen Arensman, Oliva, Ander Okamika, Jose Herrada, Herrada, Okamika, Groves, Frenchman Lenny Martinez, Marc Soler, Geraint Thomas, Kim Heiduk, Trevor Stynes, Ken Ferris Organizations: Ineos Grenadiers, Thomson Locations: Utiel, Burgos, Denia, Xorret

That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. "This puts us in a bleak setting, thinking about the parts of the world that are labor rich but capital poor," he said. "I do remember a time, maybe a more naive time...when more trade would create friends," said Ben Broadbent, deputy governor of the Bank of England. If there was a potential bright spot, it was around the discussion of advances in artificial intelligence as a possible driver of higher productivity. Reporting by Howard Schneider; Editing by Dan Burns and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: JACKSON, Pierre, Olivier Gourinchas, Gourinchas, Maurice Obstfeld, Barry Eichengreen, Eswar Prasad, Donald Trump, Biden, Jared Bernstein, Bernstein, Ben Broadbent, Ngozi Okonjo, Iweala, Trump, Nela Richardson, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Kansas City Federal Reserve, U.S, Monetary Fund, Fed, Peterson Institute for International Economics, International Monetary Fund, University of California, Cornell University, U.S . White House Council, Economic, Biden, Bank of England, Trade Organization, Thomson Locations: , Wyoming, Ukraine, China, West, Washington . China, U.S, Berkeley, Japan, Nigeria, Russian, Europe

☆ Instacart files to go public on Nasdaq to try and unfreeze tech IPO market
▼ + stars: | 2023-08-25 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

Instacart, the grocery delivery company that slashed its valuation during last year's market slide, filed its paperwork to go public on Friday in what's poised to be the first significant venture-backed tech IPO since December 2021. In May, Instacart said it was leaning into the generative AI boom with Ask Instacart, a search tool that aims to answer customers' grocery shopping questions. Instacart will try and crack open the IPO market, which has been mostly closed since late 2021. In March of last year, Instacart slashed its valuation to $24 billion from $39 billion as public stocks sank. Apoorva Mehta, Instacart's founder and executive chairman, plans to transition off the board after the company's public market debut, according to a 2022 release.

Persons: Instacart, Fidji Simo, haven't, Japan's SoftBank, Uber, They've, Simo, Mark Zuckerberg, Apoorva Mehta, Barry McCarthy, Snowflake, Frank Slootman, Andreessen Horowitz's Jeff Jordan, Shipt, Goldman Sachs, Nick Giovanni Organizations: Nasdaq, PepsiCo, Maplebear Inc, Target, Walmart, Meta, Walmart Grocery, Google, Sequoia Capital, DJ Capital Partners, Norges Bank Investment Management, TCV, D1 Capital Partners, Valiant Capital Management Locations: what's

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Splunk, Peloton, Rivian, AMC & more
▼ + stars: | 2023-08-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's standing by it's buy rating after Nvidia's strong earnings report on Wednesday. Stifel upgrades Nvidia to buy from hold Stifel upgraded the stock after its strong earnings report Wednesday. Bank of America upgrades Williams-Sonoma to neutral from underperform Bank of America said that the downside scenario is now "off the table" for Williams-Sonoma. Bank of America downgrades Vizio to underperform from buy Bank of America double downgraded the stock on concerns about a weakening consumer. Bank of America downgrades Peloton to neutral from buy Bank of America said it sees "limited visibility on growth initiatives" for Peloton .

Persons: Needham, Rivian, it's, Oppenheimer, Goldman Sachs, Goldman, Morgan Stanley, Wedbush, Johnson, Splunk, Raymond James, Piper Sandler, Piper, Wolfe, Charles Schwab, Bernstein, Estee Lauder, Snowflake, Rosenblatt, Read Organizations: Nvidia, Center, Stifel, AMC, Bank of America, underperform Bank of America, Williams, Sonoma, Vizio, Johnson, Prudential, DFS, ADI Locations: CY2024, Williams, Sonoma, Snowflake

☆ Bank of America downgrades Peloton, slashes price target in half after earnings sell-off
▼ + stars: | 2023-08-24 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Expectations for underwhelming future growth have pushed Bank of America onto the sidelines with Peloton . Analyst Justin Post downgraded the workout stock to neutral from buy and cut his price target in half to $6.50. Still, Post's shaved target still implies an upside of 20.1% from where the shares finished Wednesday. Peloton beat revenue expectations in the fiscal fourth quarter when reporting Wednesday, but it also posted a bigger-than-anticipated loss . Peloton shares have tumbled nearly 23% so far this week.

Persons: Justin Post, Post, Needham, Bernie McTernan, — CNBC's Michael Bloom Organizations: of America

☆ Peloton misses target of positive cash-flow by end of 2023, shares fall
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegri/File Photo/File Photo Acquire Licensing RightsAug 23 (Reuters) - Peloton Interactive (PTON.O) on Wednesday pushed back its cash-flow positive target to 2024 after it failed to achieve it this year as expected earlier, sending its shares tumbling down 26% in premarket trading. "We do expect to achieve this objective once again in the second half of FY24," Peloton CEO Barry McCarthy said in a letter to shareholders on Wednesday. Peloton's revenue in the fourth quarter fell to $642.1 million from $678.7 million a year earlier. Revenue from connected fitness products fell to $220.4 million from $295.6 million, while subscription revenue were up to $421.7 million from $383.1 million a year earlier.

Persons: Carlo Allegri, Barry McCarthy, Kannaki, Shinjini Organizations: REUTERS, Wednesday, Thomson Locations: Manhattan, New York City, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Traders in the U.S. equity options market are bracing for a larger-than-usual swing in Nvidia shares following the chipmaker's earnings, which are due after markets close on Wednesday. ET, Dow e-minis were up 34 points, or 0.1%, S&P 500 e-minis were up 4.25 points, or 0.1%, and Nasdaq 100 e-minis were up 4.75 points, or 0.03%. Peloton Interactive (PTON.O) shares plunged 27% after the fitness equipment maker forecast first-quarter revenue below estimates. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Foot, Susannah Streeter, Hargreaves Lansdown, Jerome Powell, Roche, Armour, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Nvidia, Sports, Dow, Nasdaq, Wall, Hargreaves, Traders, Reuters, Federal Reserve, Treasury, Dow e, Biosciences, Merck & Co, Sport, Nike, Thomson Locations: New York City, U.S, Swiss

☆ Peloton Stock Plunges 20% as It Warns of Continued Losses
▼ + stars: | 2023-08-23 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Stocks making the biggest moves midday: Nvidia, Peloton, Foot Locker, Dick's Sporting Goods and more
▼ + stars: | 2023-08-23 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Nvidia has been one of the biggest winners on the back of the AI boom with shares rising nearly 220% this year. Peloton reported a loss of 68 cents per share, versus the 38-cent loss per share expected by analysts polled by Refinitiv. Foot Locker — The athletic retailer plunged 33% after cutting its outlook again for the year and suspending its quarterly dividend. Advanced Auto Parts — Advance Auto Parts rose 1% after beating analysts' revenue expectations for its second quarter. The auto retail company reported revenue of $2.69 billion, greater than the consensus estimate of $2.66 billion, according to Refinitiv.

Persons: Locker, Fitch, Abercrombie, Charles Schwab —, Schwab, Oppenheimer, Brown, Forman —, Morgan Stanley, Avery Dennison, Davidson, Safehold, Goldman Sachs, Goldman, it's, Shane O'Kelly, — CNBC's Hakyung Kim, Samantha Subin, Yun Li, Sarah Min, Jesse Pound Organizations: Nvidia, Refinitiv . Revenue, Dick's, Goods, Abercrombie, Pharmaceuticals, Nike —, Urban Outfitters, Refinitiv, Revenue, Netflix, Bank of America, UBS, DA, Marvell Technology, Susquehanna Locations: Louisiana, Pacific

☆ Peloton stock plunges after 20,000 members canceled subscriptions while waiting for recall
▼ + stars: | 2023-08-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: 1 min

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☆ Stocks making the biggest moves premarket: Nvidia, Foot Locker, Safehold, Kohl's and more
▼ + stars: | 2023-08-23 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in premarket trading. Nvidia -- Shares of the chipmaker ticked up 0.7% in heavy premarket trading. The company reported adjusted earnings of 52 cents per share, while analysts polled by Refinitiv expected 22 cents. Foot Locker -- The stock plunged more than 32% before the bell after the sneaker retailer slashed its outlook for the second time this year. Dicks Sporting Goods -- Shares were trading 2% lower a day after the company reported lower-than-expected earnings and cut its forward guidance.

Persons: Refinitiv, Apellis, Locker, Goldman Sachs, —, Samantha Subin, Jesse Pound, Sarah Min Organizations: Nvidia, Revenue, Apellis Pharmaceuticals, Dicks Sporting Goods Locations: Santa Clara , California

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