Retail
Peloton shares plunge after company reports wider-than-expected loss
Hits: 4Peloton reported subscription growth despite its ninth straight quarter of losses. Source
Month: May 2023
Wealth
Ferrari profit jumps 24% as demand pushes waiting list into 2025
Hits: 9 Ferrari Roma Source: Ferrari Ferrari said on Thursday that its first-quarter profit jumped 24% to 297 million euros ($328.8 million), on a 10% increase in shipments as huge demand for its latest models […]
Personal Finance
What is the debt ceiling? Why it’s important and how it affects you
Hits: 9 The U.S. may default on its debt within a month — an event that could threaten severe financial harm for American households and the economy at large, experts warn. To avoid that outcome, […]
Investing
Berkshire Hathaway is outperforming during turmoil, but Warren Buffett’s favorite child Geico is in trouble
Hits: 37 Display showing Gecko character for GEICO Insurance during the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska. Yun Li | CNBC Berkshire Hathaway shareholders attending this year’s meeting will want to know more […]
Retail
Club meeting recap: Equities slide, J&J consumer IPO, Costco sales
Hits: 20The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET. Source
Personal Finance
How to buy your first car: Tips for navigating an ‘unprecedented’ market, according to auto experts
Hits: 13 Thomas_eyedesign | E+ | Getty Images This story is part of CNBC’s College Money Guide 2023, a series to help students and recent graduates understand their money and start their adult life off […]
Retail
Olive Garden parent Darden Restaurants bets on fine dining with $715 million Ruth’s Chris deal
Hits: 14Darden Restaurants believes fine-dining restaurants’ sales growth will outpace that of casual-dining eateries through 2026. Source
Earnings
Shopify cuts 20% of its workforce; shares surge on earnings beat
Hits: 11 An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify on Thursday announced it’s cutting 20% of its workforce. The news came as it reported first-quarter earnings that […]
Financial Advisor
3 financial risk areas for consumers to watch ahead of a possible recession
Hits: 14 Holger Scheibe | The Image Bank | Getty Images A recession may be in the forecast for the U.S. economy, but the big question is when. The Federal Reserve has said the banking […]
Wealth
Billionaire Richard Branson defends space travel, argues it can benefit planet
Hits: 12 Richard Branson on board Virgin Galactic’s VSS Unity in July 2021. The billionaire believes the environmental costs of space travel are set to “come down even further.” Virgin Galactic | via Reuters British […]