Oil prices rose more than 1% on Tuesday on hopes for a U.S.-China trade agreement and optimism that Washington could roll back some of the tariffs it has imposed on Chinese imports.
(Bloomberg) — Peloton Interactive Inc. tumbled after frustrating investors with a focus on growth rather than profitability.“For us, profitability is a managed outcome,” Chief Executive Officer John Foley said on a call with analysts. “I believe if we pulled back on growth, we could be profitable tomorrow, but that is not what the board and the leadership of Peloton believes we should do.”The stock sank following the call, after being up more than 7% in early trading when the earnings were published.Wall Street is increasingly looking for realistic paths to profitability over growth-at-all-costs. Investors have shunned other IPOs this year …read more […]
U.S. stocks took a breather on Tuesday, weighed down partially by losses in healthcare stocks, after a rally driven by hopes of a trade truce between Washington and Beijing propelled the three main indexes to record highs a day earlier.
Tapestry Inc reported quarterly profit above market expectations on Tuesday, but warned of weakness at its Kate Spade business due to tariffs on apparel and jewelry imported from China.
We can readily understand why investors are attracted to unprofitable companies. For example, although… …read more […]
The plant based food company’s shares rose after Bernstein analysts said Beyond Meat would outperform market expectations. Yahoo Finance’s Dan Roberts, Anjalee Khemlani and Scott Gamm discuss on YFi AM. …read more […]
Yahoo Finance’s Dan Roberts, Anjalee Khemlani and Scott Gamm discuss Shake Shack’s plummeting shares on YFi AM. …read more […]
Lufthansa said its Chief Executive Carsten Spohr had invited representatives of three unions for talks on a wage dispute that threatens to ground the airline’s German fleet for 48 hours from late on Wednesday.
Wall Street’s top regulator is poised on Tuesday to propose a long-awaited rule that would set new limits on shareholders’ ability to call for change at companies on thorny issues like climate change disclosures and executive compensation.
Conflicting signals make it difficult to get a handle on the true health of the U.S. economy and reducing uncertainty for businesses would provide a shot in the arm to growth, Richmond Fed Reserve Bank President Thomas Barkin said on Tuesday.
The U.S. Federal Reserve should hold interest rates steady for the time being after last week’s cut in borrowing costs and assess how the economy evolves, Richmond Fed President Thomas Barkin said on Tuesday.
Under the agreement, Nio will manufacture and produce at mass scale a self-driving system designed by Mobileye, which will be integrated into Nio’s electric-vehicle consumer lines, as well as Mobileye’s driverless ride-hailing services. The self-driving kit provided by Israel-based Mobileye includes the vision processing chip, camera, radar and lidar sensors, as well as safety and mapping software. …read more […]
Costco’s Black Friday sale includes deals on televisions, appliances, Xbox gaming systems, Apple MacBook and other laptops. …read more […]
The exercise equipment company released its first fiscal quarter earnings report after going public. Peloton’s President William Lynch joins Yahoo Finance’s Brian Sozzi and Alexis Christoforous to discuss the growth and profitability of Peloton. …read more […]
We wouldn’t blame Zuora, Inc. (NYSE:ZUO) shareholders if they were a little worried about the fact that Robert Traube… …read more […]
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