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Peloton's CEO steps down as the company cuts 15% of staff

Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday.

Grace Dean   


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Wharton Professor Jeremy Siegel's 2024 outlook: Stocks and home prices will jump, interest rates will tumble, and recession won't hit

The "Wizard of Wharton" sees the Fed cutting interest rates five or six times next year, driving up…

Theron Mohamed   


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Peloton crumbles 20% to a record low after third-quarter earnings miss reveals a 'thinly capitalized' company

"We finished the quarter with $879 million in unrestricted cash and cash equivalents, which leaves …

Matthew Fox   


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Peloton stock jumps 12% after CEO John Foley steps down and the company says it will slash 2,800 jobs

Peloton slashed full-year revenue guidance to $3.7 billion to $3.8 billion, down from a prior outlo…

Shalini Nagarajan   


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Peloton drops 25% to trade below its IPO price after report says company will halt production of its bikes due to weak demand

"Morale is at an all-time low. The company is spinning out so fast," an anonymous Peloton employee …

Matthew Fox   


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Peloton's 81% decline gets it kicked out of the Nasdaq 100 just one year after its inclusion

The swap between Peloton and Old Dominion sums up the ongoing rotation in the stock market out of g…

Matthew Fox   


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Peloton stages a rebound after stock plunge as the CEO says it is resetting production for sustainable growth

"We feel good about right-sizing our production," Peloton CEO John Foley told employees in a letter…

Carla Mozée   


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Peloton recovers after sinking on company's plan to sell $1 billion in stock

The $1.1 billion in capital raising comes after the maker of high-end exercise bikes posted weak qu…

Carla Mozée   


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US stocks climb as bond yields slip from 16-year highs

The Dow gained over 100 points, while the S&P 500 and the Nasdaq edged higher amid a decline in key…

Phil Rosen   


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Peloton sheds $8 billion in value after earnings show the reopening is hitting sales hard

"We underestimated the reopening impact on our company," Peloton chief John Foley told shareholders…

Harry Robertson   


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Peloton sinks after issuing downbeat outlook as it slashes $400 off the price of its original exercise bike

The company said Friday it received a federal subpoena stemming from reports about injuries from it…

Carla Mozée   


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Cathie Wood's Ark bought the dip in Peloton as the bike maker tumbled amid a larger than expected drop in its earnings

The Ark Next Generation ETF bought an additional 115,515 shares of PTON on Monday.

Emily Graffeo   


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Isabelle Lee   


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US stocks surge as bond yields tumble amid signs of slowing growth in the US and Europe

The sharp decline in interest rates calls into question the underlying strength of the economy whil…

Matthew Fox   


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Here's why a Peloton acquisition by Apple would make strategic sense for the iPhone maker, Wedbush says

"Acquiring Peloton would be a major strategic coup and catalyze [Apple's] aggressive health and fit…

Matthew Fox   


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Peloton's 15% sell-off amid treadmill woes has created a ripe buying opportunity, Credit Suisse says

Buy the dip in Peloton's shares as future sales will be "delayed, not lost," due to treadmill recal…

Emily Graffeo   


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The maker of NordicTrack exercise equipment files to go public and wants to raise $100 million from its IPO

iFit Health charges $15 a month to individuals to access its live and on-demand fitness content.

Carla Mozée   


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Peloton stock extends loss after disclosing that a child was fatally injured by one of its treadmills

"There are no words to express the shock and sadness everyone at Peloton feels as a result of this …

Matthew Fox   


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Peloton can rally 12% as demand continues to surpass supply in early 2021, Bank of America says

Peloton deliveries were delayed 10 weeks as of January 6, signaling demand still outstripped supply…

Ben Winck   


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Peloton drops 7% after the cycle-maker said it's struggling to keep up with surging demand for its flagship fitness products

Over the past year, Peloton's customers have complained of months-long waits, delivery delays, and …

Shalini Nagarajan  Â