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☆ Here are Tuesday's biggest analyst calls: Nvidia, Tesla, Meta, Dell, Nike, SolarEdge, Planet Fitness & more
▼ + stars: | 2024-12-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Truist reiterates Meta Platforms as buy Truist says the Instagram owner is a top pick in 2025. " Morgan Stanley initiates Elastic NV as overweight Morgan Stanley says it sees "sustained growth." Morgan Stanley upgrades Shoals to overweight from equal weight Morgan Stanley upgraded the solar tech company after a series of management meetings. Morgan Stanley initiates Hims and Hers at overweight Morgan Stanley called the telehealth company a "compounding machine." Morgan Stanley upgrades Quest Diagnostics to overweight from equal weight The firm said in its upgrade of Quest that 2025 is the "year of the labs."

Persons: Goldman Sachs, Goldman, Piper Sandler, Piper, it's bullish, MARA, Stifel, Truist, Meta, monetization, Trump, it's, Morgan Stanley, Brandon Moss, Hims, Jefferies, Wells, JPMorgan, Wolfe, Rosenblatt, MongoDB Organizations: & Mara Holdings, MARA Holdings Inc, Inc, Mizuho, UBS, Manchester United, League, Premier League, Champions, Nike, BMO, Amazon, Jefferies, Walmart, Quest, WillScot Holdings Corporation, Timken Company, JPMorgan, Catalyst Watch, Dell, Arista, DELL, Nvidia, Albertsons, Kroger, Barclays Locations: Manchester, GenAI, gym's, OW

☆ Planet Fitness loses 11th hour bid to acquire bankrupt Blink
▼ + stars: | 2024-11-13 | by ( Brandon Gomez | In Brandon-Gomez | ) www.cnbc.com time to read: +1 min

Planet Fitness lost its bid in bankruptcy court to acquire budget fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness placed its competing eleventh hour bids early this month during a 48-hour challenge window. Late Tuesday, Delaware's bankruptcy court formally accepted PureGym's $121 million offer, which initially won at auction in late October. J. Kate Stickles, bankruptcy judge in the U.S. Bankruptcy Court of Delaware, said in Tuesday's hearing that PureGym's offer would avoid antitrust risks. PureGym's offer, assuming Blink's liabilities, also comes with 60 of Blink's fitness centers still operating in New York and New Jersey.

Persons: J, Kate Stickles, PureGym, Humphrey Cobbold Organizations: Holdings, CNBC, Bankruptcy Locations: Richmond , California, U.S, Delaware, New York, New Jersey, American

☆ Planet Fitness enters 11th hour bid for bankrupt Blink Fitness
▼ + stars: | 2024-11-06 | by ( Brandon Gomez | In Brandon-Gomez | ) www.cnbc.com time to read: +2 min

Planet Fitness wants to acquire bankrupt budget-fitness chain Blink Holdings, according to court filings viewed by CNBC. Planet Fitness previously lost out in a bankruptcy auction against U.K.-based, privately held fitness chain PureGym. Equinox Group-owned gym chain Blink Fitness filed for bankruptcy in August after a failed attempt by the luxury fitness group to enter the budget-friendly market. In making a subsequent play for Blink, Planet Fitness has submitted two offers, according to the filings. Planet Fitness did not return request for comment from CNBC.

Persons: PureGym, Piper Sandler Organizations: Holdings, CNBC, Equinox Locations: U.S, New York, New Jersey, Delaware

☆ Business Insider Subscriptions: Enjoy Premium News Stories
▼ + stars: | 2024-10-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

It isn't an accident that people who want to cancel a subscription often have to navigate a web of bureaucracy and confusion. "Actual affirmative consent from a consumer," Witte said, would establish trust between the consumer and the company, boosting loyalty. Along with litigation from the CFPB, state attorneys general have pursued legal action against big companies over hard-to-cancel subscriptions. Last year, Letitia James, New York's attorney general, sued SiriusXM over claims that the radio company trapped customers in subscriptions and maintained a complicated and burdensome cancellation process. AdvertisementIndustries have mastered techniques to maximize their profits by crafting their business models in confusing ways that can lure customers into a subscription without realizing it.

Persons: Doug Mattison, Mattison, —, he'd, I've, Florencia Marotta, Wurgler, Erin Witte, Witte, you've, TransUnion, Cuban, hadn't, it's, Rachel VonSiebenhoven, VonSiebenhoven, I'm, we've, Letitia James, SiriusXM Organizations: Federal Trade Commission, New York University, Consumer Federation of America, Consumer Financial, Bureau, Association of National, FTC, Cuban, Companies, Industries Locations: Ohio, Colorado, New

Despite doing well enough to pay for his parent's retirement, the 28-year-old tells CNBC Make It he found himself without purpose, feeling depressed, and needing to make a change. Lee moved to Bangkok, Thailand in 2021. Despite lower grocery costs in Bangkok, Lee eats out for every meal and spends $500 a month on food. Lee tells CNBC Make It he chose to leave America because he found himself materialistic and living in an "environment that was just very individualistic, very doggish, and very hyper-aggressive." Lee has made a new life for himself in Thailand, he says, and returning to the U.S. doesn't feel likely.

Persons: Paul Lee, Lee, Marc Aziz Ressang, it's, Thailand — Organizations: CNBC Locations: Thailand, United States, Georgia, New York City, Bangkok, Soho, New York, America, South Korea

☆ Mom of 2: My husband supercommuted from Minneapolis to NYC for 10 years—how we made it work
▼ + stars: | 2024-06-01 | by ( Megan Bearce | In Meganbearce | ) www.cnbc.com time to read: +7 min

The author, Megan Bearce, and her husband, Ian, had just moved from Los Angeles to Minneapolis when he got a job offer in New York City in 2010. I heard this question so many times over the 10 years my husband, Ian, flew weekly from our home in Minneapolis to his job in New York City. Ian posted photos and art on the walls of the New York City apartments he stayed in during the week when he supercommuted from Minneapolis. Visits to New York City helped the kids get a glimpse of Ian's life during the week, Megan says. The logistics of multiple activities felt too overwhelming for me to handle with Ian away during the week.

Persons: Megan Bearce, Ian, We'd, we'd, Ian didn't, Megan, Ian couldn't Organizations: New Locations: Los Angeles, Minneapolis, New York City, Brooklyn, Manhattan, Minnesota, Cape Cod

☆ I tried the Megaformer Pilates workout, loved by Kim Kardashian and Michelle Obama. It targeted my thighs in a whole new way.
▼ + stars: | 2024-05-23 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.

Persons: —, Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe

☆ As a recent college grad, I've built my career from my childhood bed. I feel like I'm missing out on the professional world.
▼ + stars: | 2024-04-28 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +5 min

I'm on the extreme end of the Gen Z remote worker movement; I've quite literally built my career from under my covers. It's comfortable, but I'm missing out on part of the professional world. I'm in a stronger financial situation because I've been able to stay outside London, and I've still made some genuinely wonderful long-distance connections. I've missed out on having that safety net that most professionals develop in the workplace. I've missed out on all the office dynamics, and there's no denying it; sometimes, staring at a laptop screen alone can feel like Groundhog Day.

Persons: —, I've, I'd, I'm, That's, It's, craves Organizations: Service, Business Locations: London

☆ The 'Ozempic effect' is weighing on gym stocks. But it could turn out to be a boom for the industry
▼ + stars: | 2023-11-16 | by ( Brian Evans | ) www.cnbc.com time to read: +5 min

Will gym stocks be hurt by an "Ozempic effect" similar to the blow that has rocked the medical device and food sector? Stock in Planet Fitness has slipped more than 16% from the start of the year, while Life Time has added roughly 20%. Planet Fitness sunk to a 52-week low in September after the company's board ousted Chris Rondeau as chief executive officer . PLNT YTD mountain Planet Fitness stock. At Life Time, anti-obesity medication is being incorporated into the weight loss programs it offers to members.

Persons: Simeon Siegel, it's, Jefferies, Chris Rondeau, Bahram Akradi, Warren Cheng, PLNT, Cheng, Jeff Zwiefel, Alexander Perry's, Perry, Curtis Harman, Harman, It's, Piper Sandler, Korinne Wolfmeyer, Wolfmeyer Organizations: BMO Capital Markets, ISI, Bank of America, GLP, Wellness, CNBC, Holdings, Nordisk's Ozempic

When Planet Fitness CEO Chris Rondeau was fired, it was a surprise to nearly everyone. AdvertisementAdvertisementWhen Chris Rondeau , ten-year CEO of Planet Fitness, was fired by the company's board of directors, he told Insider he was "seriously blindsided." AdvertisementAdvertisementInsider spoke with six former Planet Fitness employees. Former Planet Fitness CEO Chris Rondeau on the floor of the New York Stock Exchange in 2015, after the company's IPO. AdvertisementAdvertisementA spokesperson for Planet Fitness previously told Insider Rondeau's departure was not because of "any material or unexpected financial events."

Persons: Chris Rondeau, —, Rondeau, Richard Drew, Casey Willard, Beers, Peers, Dunkin, Willard Organizations: Planet, Service, Planet Fitness, Fitness, New York Stock Exchange Locations: Hampton , New Hampshire

☆ Planet Fitness's long-time CEO says he was 'blindsided' by abrupt firing that sent gym's stock plummeting — and barred him from talking to staff
▼ + stars: | 2023-09-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +5 min

Planet Fitness' board of directors asked its CEO Chris Rondeau to step down last week. Rondeau told Insider he was "blind sided" by the board's decision. Jefferies, JP Morgan, and other analysts have downgraded the stock due to concerns over Planet Fitness' executive transition. Rondeau has been a fixture at Planet Fitness nearly since the gym's founding. The former employee, Casey Willard, called Planet Fitness a "debaucherous" workplace.

Persons: Chris Rondeau, Rondeau, Katherine Long, Jack Newsham, Rondeau's, Jefferies, JP Morgan, hasn't, Casey Willard, Willard, Beers, Peers, Donald Trump, Mike Grondahl, Grondahl Organizations: Service, Planet Fitness, Fitness, Company, Wall Street, Trump, Better Locations: Wall, Silicon, New Hampshire

☆ Why Jim Cramer agrees with a Wall Street firm’s downgrade of this gym stock
▼ + stars: | 2023-09-19 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Planet Fitness (PLNT) tumbled more than 5% on Tuesday on a slew of Wall Street downgrades. JPMorgan and Jefferies both cut their rating for the gym franchise following long-time CEO Chris Rondeau's abrupt departure from the company. If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. CNBC's Jim Cramer agrees with analysts, adding that the market's reaction is telling of how vital the veteran executive was to the workout chain. "He was the company for heaven's sake," Cramer said, citing Rondeau's long tenure, where he worked his way up from a front desk position nearly 30 years ago at the gym's first location.

Persons: Chris Rondeau's, Jim Cramer's, Jefferies, CNBC's Jim Cramer, Cramer, Rondeau's Organizations: JPMorgan, Jefferies, Fitness

Planet Fitness said it is searching for its next chief both internally and externally. He's a franchisee of both Planet Fitness and Dunkin' Donuts and has been on Planet's board for six years. During his time as CEO, Rondeau led Planet Fitness's IPO and tripled its club base from about 700 to about 2,400 locations. "As we enter the next chapter of Planet Fitness' journey, the Board felt that now was the right time to transition leadership," Planet Fitness Chairman Stephen Spinelli Jr. said in a press release. "In today's evolving environment, Planet Fitness is continuing to enhance our competitive advantage, capitalize on our size and scale, and drive further shareholder value."

Persons: Chris Rondeau, Craig Benson, He's, Rondeau, William Blair, Sharon Zackfia, Zackfia, Rondeau couldn't, Michael, Marc Grondahl, it's, " Rondeau, Stephen Spinelli Jr Organizations: Planet Fitness, Planet Locations: New Hampshire, Dover , New Hampshire

☆ People would rather work anywhere but the office — including their gyms
▼ + stars: | 2023-08-16 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

It shows how remote workers, or hybrid workers, crave a third space that isn't work or home. As the Wall Street Journal reports, gyms are the latest venture to break into offering coworking space. Its website touts that the gym's members lounge "offers communal work tables and social lounge spaces available from open until close for all club members," where members can "catch up on some work" or "just relax after your workout." As research on remote workers' time use shows, more are using their breaks to work out or participate in other leisure activities. That could explain why a gym-based coworking space is so appealing: You get the ability to socialize, work out, and still get your work done.

Persons: crave, Chelsea, Chelsea Piers, Nick Bloom, Bloom Organizations: Service, Wall Street Journal, Chelsea, Stanford Locations: Wall, Silicon, Brooklyn

I refused to pay the fee for years, but the resulting delinquency on credit report is lowering my credit score. However, Blink Fitness claimed I owed them $187 in gym membership fees; I insisted that I had canceled my membership. So I had a perfect friendship credit score, but my VantageScore credit score was another story. When I checked my credit report, my VantageScore credit score was 675. After paying my debt, the debt collectors said the delinquency should be erased from my credit report when the credit bureaus update their records.

☆ Police raided a gym after Siri called emergency services because it misheard a boxing instructor's words, owner says
▼ + stars: | 2023-01-19 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Siri called emergency services after mishearing a boxing instructor, a gym owner told Insider. The term is similar to the number for emergency services in Australia and other countries. He said the digital assistant then called 112, which is an alternative emergency number in Australia and other countries. If the message is not dismissed it sends an automated message to the nearest emergency call center. Last week, a spokesperson for Apple told The New York Post that the company was getting feedback from emergency call centers, which have reported a spike in automated calls.

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