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Isabelle Lee   


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1 min read

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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2 mins read

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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1 min read

Peloton's founder is no longer a billionaire after the stock's violent post-earnings sell-off

CEO John Foley's net worth was slashed to around $850 million during Friday's dramatic sell-off fol…

Max Adams   


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1 min read

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   


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1 min read

DocuSign falls as much as 39.3% in early trading after downbeat Q4 guidance

The e-signature company expects a much weaker fourth quarter than analysts expected, as many remote…

Amanda Cooper   


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11 mins read

The rise and fall of Peloton, from pandemic-era success story to its stock hitting a record low

Peloton's CEO Barry McCarthy is out after two years as the stock hit a record low. The fitness bran…

Avery Hartmans   


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2 mins read

Berkshire Hathaway and Adidas check every box as a potential Peloton buyer, according to the activist firm that pushed for CEO's resignation

In a 65-page presentation to the Peloton board, Blackwells Capital named 19 potential acquirers of …

Isabelle Lee   


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2 mins read

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 reportedly freezing hiring after shedding billions in market value as home-exercise interest fades

Peloton shares dropped by 34% Friday in its biggest one-day drop ever, shedding as much as $8 billi…

Lauren Frias   


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2 mins read

Peloton downgraded at Goldman Sachs after 458% rally as firm cites shipment delays and near-term opportunity that's already priced-in

Peloton recently notified customers who expected a bike delivery in the second half of October that…

Matthew Fox   


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4 mins read

These are the market's biggest winners and losers of a hectic election week

The likelihood of a Republican Senate blocking tax hikes and regulation led tech, financial, and he…

Ben Winck   


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2 mins read

Nasdaq drops 3.7% as Meta earnings disaster sends investors fleeing tech shares

In addition to Meta's dive, other social media stocks sold off as did stocks with exposure to the m…

Isabelle Lee   


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Workday leaps 12% after beating earnings expectations on work-from-home demand

The firm's better-than-expected results point to strength in the workplace-software sector as compa…

Ben Winck   


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2 mins read

Most CEOs are already preparing for a recession, with plans including laying off staff and cutting spending on environmental issues, a major survey shows

91% of CEOs of big US companies said there will be a recession within the next year, and only a thi…

Grace Dean   


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6 mins read

Insider Today: Y Combinator's Demo Day decline

Y Combinator's Demo Day has lost some of its luster due to VCs cutting deals ahead of time. Microso…

Dan DeFrancesco   


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3 mins read

Morgan Stanley details 3 reasons why stock investors should stay defensive and avoid getting too optimistic

After a volatile start to the year, US equities have further downside, and investors should maintai…

Isabelle Lee   


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3 mins read

US stock sell-off deepens as Nasdaq falls nearly 3% on fears of higher rates and weak tech results

The Dow Jones Industrial Average fell over 400 points while the S&P 500 slumped to its worst weekly…

Isabelle Lee   


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2 mins read

Lululemon spent $500 million on high-tech fitness startup Mirror but the deal is losing its shine, analysts say

As the home fitness market has become more crowded with new players, leading brands have seen growt…

Mary Hanbury   


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2 mins read

10 things before the opening bell

Big banks have a mixed forecast for the market, a new potential deal for Joe Rogan, and a bitcoin p…

Phil Rosen