Straits Times Index
3,296.89 +4.20 (+0.13%) S&P 500
5,023.59 +5.20 (+0.10%) Dow
37,988.08 +84.79 (+0.22%) Nasdaq
15,661.46 +55.98 (+0.36%) Bitcoin USD
59,258.44 +2,011.11 (+3.51%) CMC Crypto 200
1,264.75 -5.99 (-0.47%)
PTON Jul 2024 8.000 call
| Previous close | 0.0600 |
| Open | 0.0600 |
| Bid | 0.0000 |
| Ask | 0.1900 |
| Strike | 8.00 |
| Expiry date | 2024-07-19 |
| Day's range | 0.0600 - 0.0600 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.14k |
- Yahoo Finance Video
Peloton setback: CEO resigns, Q3 earnings miss
Peloton Interactive Inc. (PTON) delivered a disappointing third quarter earnings report on Thursday, missing Wall Street's estimates on the top and bottom lines. The fitness equipment company reported revenue of $717.7 million, falling short of analyst estimates of $719.2 million. Additionally, Peloton's adjusted earnings per share (EPS) loss of $0.45 per share was wider than the Street's expected loss of $0.35 per share. This comes as the company undergoes a leadership shake-up, with CEO Barry McCarthy announcing his resignation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Reuters
US STOCKS-Wall St set to open higher as Fed allays rate-hike concerns
U.S. stocks were poised for a higher open on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a spate of earnings reports through the day. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again. On Wednesday, U.S. stocks initially rose, but the S&P 500 and the Nasdaq closed lower for the day after the Fed decision.
Associated Press FinancePeloton cutting about 400 jobs worldwide; CEO McCarthy stepping down
Peloton is cutting about 400 jobs worldwide as part of a restructuring effort and its CEO Barry McCarthy is stepping down after two years as the company continues to work on turning around its business. Peloton has been working on a significant rebranding since last year, shifting its identity as a seller of luxury exercise bikes and equipment to heath technology for all.
