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October 22, 2021

Peloton Interactive Inc

Warby Parker soared in its market debut, setting a high bar for other online-first retailers

CNBC
CNBC – For more and to sign up click here Co-CEOs, Neil Blumenthal & Dave Gilboa of Warby Parker at the NYSE, September 29, 2021. Source: NYSE Warby Parker‘s debut Wednesday set a good precedent for a number of online-first retailers preparing to go public. Warby shares skyrocketed 36% on......

Altimeter’s Brad Gerstner cashes in travel trade, bought Peloton and Zoom on dip

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CNBC – For more and to sign up click here Altimeter Capital Chairman and CEO Brad Gerstner said his hedge fund sold stakes in United Airlines and Expedia, adding that easy gains from the rebound in travel stocks have been realized. “On July 1 this year after a big run-up......

Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options

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CNBC – For more and to sign up click here Supply chains are snarled and manufacturing is constrained. For weeks, headlines have been telegraphing a clear message to shoppers: This holiday season shop early. In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts......

Lululemon says Mirror CEO stepping down as fitness company searches for successor

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CNBC – For more and to sign up click here Mirror CEO Brynn Putnam appears on CNBC’s “Squawk Alley”. CNBC Brynn Putnam is stepping down as chief executive of connected fitness company Mirror, which is owned by Lululemon, CNBC has learned. Putnam, a former professional ballet dancer, founded Mirror in......

Rowing start-up Hydrow scores fresh financing from Lizzo, Justin Timberlake, as at-home fitness competition heats up

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CNBC – For more and to sign up click here Hydrow broadcasts some of its live content for at-home users from instructors rowing out on the water. Source: Hydrow Hydrow, the maker of a connected rowing machine, said Tuesday it has secured nearly $200 million in financing after its latest......

Why digital retail darlings Warby Parker and Allbirds are betting big on stores to grow ahead of public debuts

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CNBC – For more and to sign up click here A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images Retail darlings Warby Parker and Allbirds launched on the internet and paved the way for other brands to follow their playbooks and hope for similar......

Lower Manhattan turned into a 24/7 community after 9/11. Midtown NYC could heed this lesson post-pandemic.

CNBC Real Estate
People walk near the sight of Ground Zero and the Freedom Tower on the day that the United States officially ended its participation in the war in Afghanistan on August 30, 2021 in New York City. Spencer Platt | Getty Images Jay Neveloff recalls sitting in his office on 55th......

Affirm shares soar after Amazon partnership that lets consumers buy expensive things in installments

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CNBC – For more and to sign up click here An Amazon employee sorts boxes before loading them onto trucks for shipping at Amazon.com’s fulfillment Center in Fernley, Nevada. Ken James | Bloomberg | Getty Images Shares of Affirm on Monday jumped more than 44% after the buy now, pay......

Peloton investors face a new reality as fitness company’s costs eat into profits

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CNBC – For more and to sign up click here Jen Van Santvoord rides her Peloton exercise bike at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton investors were in for a rude awakening on Thursday. Many expected to see the connected......

Affirm shares soar more than 40% on news of Amazon partnership for buy now, pay later

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CNBC – For more and to sign up click here Affirm founder and CEO Max Levchin David Paul Morris | Bloomberg | Getty Images Amazon is getting into the buy now, pay later space. The e-commerce giant is partnering with Affirm for its first-ever installment payments option on the popular......

Peloton says it has been subpoenaed by DOJ, DHS over reporting of treadmill injuries

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CNBC – For more and to sign up click here A detail shot shows the running deck of a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Peloton said Friday that the U.S.......

Peloton is slashing the price of its Bike by hundreds of dollars to $1,495

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CNBC – For more and to sign up click here Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton said it’s lowering the price of its less expensive Bike machine by about 20% to $1,495,......

Stocks making the biggest moves after hours: Gap, Peloton, HP and more

CNBC
CNBC – For more and to sign up click here Check out the companies making headlines after the bell:  Peloton Interactive — Shares of Peloton sunk about 10% in extended trading after the exercise equipment company reported a wider-than-expected quarterly loss. The company posted a loss of $1.05 per share......

Peloton shares tank after cycle maker posts disappointing earnings and outlook; cuts Bike price

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CNBC – For more and to sign up click here Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton said Thursday its fiscal fourth-quarter loss widened as......

One lagging Nasdaq 100 stock looks ‘ridiculously cheap,’ trader says. Why it may be time to buy

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CNBC – For more and to sign up click here The Nasdaq 100 may have hit a record Tuesday, but not all of its components are keeping pace. As of Tuesday’s close, 19 stocks in the tech-heavy index were 20% or more off their 52-week highs, including popular names such......

Peloton to begin selling less expensive treadmill in U.S. next week, following recall and delayed launch

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CNBC – For more and to sign up click here A detail shot shows the running deck of a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Following a monthslong delay, Peloton said......

Fed officials will seek to avoid a tantrum as they keep ‘taper talk’ going at Jackson Hole

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CNBC – For more and to sign up click here Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as......

FuboTV CEO David Gandler thinks 5 million people could subscribe to its bundle of TV networks by 2026

CNBC
CNBC – For more and to sign up click here While most of the global media and entertainment world is focused on transitioning from legacy pay TV to subscription streaming video, FuboTV is swimming upstream. The company has earned a $4 billion market capitalization by consistently adding subscribers to a......

Peloton is starting to repair the touchscreens on its recalled treadmills

CNBC
CNBC – For more and to sign up click here A Peloton Interactive Inc. Tread exercise machine for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton said it beginning to install a repair to its Tread......

Minorities and women are finally getting a seat at the IPO underwriting table

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CNBC – For more and to sign up click here Cynthia DiBartolo, CEO, Tigress Financial Partners, at the New York Stock Exchange. Source: NYSE Robinhood’s highly anticipated IPO last month was led by Wall Street heavy hitters Goldman Sachs and JPMorgan Chase. But the extensive list of underwriters also included......

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