In an earnings call Wednesday morning, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the US economy right now: “This is truly one of the most complex environments we’ve ever seen in our industry to operate in. Because we’re not just … Read more
Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon’s Alexa fund as backers, is cutting 35% of its workforce, affecting all levels of its business, CNBC has learned. The company employs about 750 people today, compared to a little more than 110 before the Covid-19 … Read more
What I am looking for at July 12, 2022 No bottom until the price targets are cut and the downgrades are made? The PT cuts are endless, but they are all too far from where stocks are actually trading. KeyBanc lowers Club holding Apple (AAPL) price target to $ 173 per share from $ 191; … Read more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap – Shares of the apparel retailer dropped more than 3% after Gap announced Monday that CEO Sonia Syngal is stepping down from her position. Wells Fargo downgraded the stock to equal weight … Read more
Check out the companies making headlines before the bell: PepsiCo (PEP) – The beverage and snack giant reported an adjusted quarterly profit of $ 1.86 per share, 12 cents above estimates, and revenue topped Wall Street forecasts. The company also raised its full-year forecast as consumer demand holds up even as prices rise. PepsiCo gained … Read more
People walk by the NYSE in New York City. Spencer Platt | Getty Images News | Getty Images Here are the most important news items that investors need to start their trading day: 1. Futures slide Stock futures fell Tuesday morning, setting up a second straight day of losses. Markets are coming off a winning … Read more
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, US, on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton said Tuesday that it plans to exit all of its in-house manufacturing and instead will expand its current relationship with Taiwanese manufacturer Rexon Industrial, in … Read more
In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton sweetened incentives for its workers with one-time cash bonuses and changes to its stock compensation plan as it fights to hold onto employees and fix its struggling business, according to internal memos seen … Read more
The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, US, on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix is laying off 15% of salaried positions within its workforce, mostly in corporate roles and styling leadership … Read more
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target announced a series of moves to “right-size” its inventory levels, including additional markdowns and canceling orders. It cut its operating margin guidance for the current quarter to 2% from the prior 5.3% but said the margin would recover to … Read more