CNBC’s Jim Cramer examines Nike’s earnings and explains how the iconic apparel brand managed to deliver results in the face of tariffs. The “Mad Money” host sits down with the CEOs of messaging service provider Twilio and privately-held Apeel Sciences to get a read on their companies. Disney and Salesforce […]
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Peloton prices IPO on high-end of expectations, valuing digital fitness company at $8.2 billion
Peloton Cycle Source: Peloton Interactive Inc. At-home fitness company Peloton Interactive, Inc. on Wednesday priced its IPO at $29 a share, the top of its original range between $26 and $29. The offering raises $1.16 billion and values the digital fitness company at $8.2 billion. Peloton sold 40 million Class A […]
Peloton prices IPO on high-end of expectations, valuing digital fitness company at $8.1 billion
Peloton Cycle Source: Peloton Interactive Inc. At-home fitness company Peloton Interactive, Inc. on Wednesday priced its IPO at $29 a share, the top of its original range between $26 and $29. The offering raises $1.16 billion and values the digital fitness company at $8.1 billion. Peloton sold 40 million Class […]
Lululemon set to wind down Ivivva kids business, to close 7 remaining stores
The Ivivva brand was launched in 2009, nearly a decade ago, selling athletic apparel for young girls. Source: Ivivva Lululemon is planning to wind down its Ivivva kids business, which includes shuttering a handful of remaining stores, as part of a bid to grow men’s and international sales, CNBC has […]
CrowdStrike CEO says his company is ‘nonpartisan’ after Trump brought it up to Ukrainian president
George Kurtz Heidi Petty | CNBC George Kurtz, co-founder and CEO of cybersecurity company CrowdStrike, was at a meeting Wednesday morning when his email inbox was suddenly bombarded with news alerts. “I’m like ‘what, what? What’s going on?’” Kurtz told CNBC in an afternoon interview in San Francisco. “I had […]
Powerful group of US CEOs meet Modi, raise concerns with growth in India
Indian Prime Minister Narendra Modi hold a meeting at UN Headquarters in New York, September 24, 2019, on the sidelines of the United Nations General Assembly. Saul Loeb | AFP | Getty Images As the U.S. China trade fight drags on, a groups of powerful U.S. CEOs met with India’s […]
Josh Brown: I hope tobacco giant Altria’s stock ‘goes to zero’
Money manager and popular blogger Josh Brown told CNBC on Wednesday that he “hopes” tobacco giant Altria‘s stock eventually “goes to zero.” “It’s a moral position. I’m not predicting” the shares fall to zero, the CEO of Ritholtz Wealth Management said during an appearance on “Closing Bell.” “And I would […]
Whistleblower complaint delivered to Congress
Runners jog near the U.S. Capitol in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A whistleblower’s complaint reportedly about a phone call between President Donald Trump and Ukraine President Volodymyr Zelensky was delivered to Congress on Wednesday. The complaint was delivered by hand to a secure facility in […]
GM, Amazon partner to install Alexa voice assistant in cars
General Motors on Sept. 25, 2019 announced it is partnering with Amazon to enable the tech company’s Alexa voice assistant in millions of its vehicles. GM DETROIT – General Motors is partnering with Amazon to enable the tech company’s Alexa voice assistant in millions of its vehicles. The companies on […]
Here’s what happened to the stock market on Wednesday
Dow Jones Industrial Average jumps 162 points The Dow jumped 162.94 points, or 0.6%, to 26,970.71 on Wednesday. The S&P 500 climbed 0.6% to 2984.87. The Nasdaq Composite advanced 1.1% to close at 8077.38. The gains come after the S&P 500 and Nasdaq had their worst day in a month […]