Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton‘s revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home
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Peloton machine Source: Peloton Many on Wall Street were convinced the usual playbook would occur when this market and economic downturn hit. Bubble-like tech stocks that led the way up would get crushed as a bear market exposed their hype and sent stock speculators scrambling. But the opposite has happened. The names skeptics used to
The coronavirus pandemic has forced schools to shut their doors and forced students to take their classes — and exams — online. This year, some 3.4 million students are registered to take AP Exams, which are designed to test high school students’ understanding of college-level material, online between May 11 and May 22. With schools across
US President Donald Trump speaks about COVID-19, known as coronavirus, after signing a Proclamation in honor of National Nurses Day in the Oval Office of the White House in Washington, DC, May 6, 2020. Saul Loeb | AFP | Getty Images The White House is weighing a second Tax Day delay, according to NBC News.
By singling out state and local pensions as undeserving of coronavirus relief, McConnell has … [+] redirected national attention to the pre-existing public pension underfunding crisis. Americans are rallying in support of police, firefighters, and school teachers. ASSOCIATED PRESS By singling out state and local pensions as undeserving of coronavirus relief, Mitch McConnell has redirected
Odds are the screen you are using to read this was hauled in a truck at some point. More than 70% of freight in the U.S. is moved by truckers, making the job an essential part of the economy. Eight years ago, April Coolidge decided in her mid-40s to stop selling real estate and start
The Fed’s historic $500 billion intervention will help stabilize the muni market. But it won’t solve the plummeting state and local budgets caused by the pandemic recession. Federal Reserve Chairman Jerome Powell is overseeing a historic intervention in municipal bond … [+] markets. (Photo by Federal Reserve via Getty Images) Getty Images Among the extraordinary policy
CHICAGO, ILLINOIS – MAY 07: A closed sign hangs in the window of a Neiman Marcus store that has been … [+] shuttered by the COVID-19 pandemic on May 07, 2020 in Chicago, Illinois. Neiman Marcus filed for bankruptcy today, making it the first major retailer to seek bankruptcy protection since the economic collapse brought
Governments and health officials are trying to strike a balance between reopening economies and staving off a second wave of infections. Meanwhile drugmaker Moderna received a “crucial” FDA approval for phase 2 trials of its vaccine candidate. Weekly jobless claims data lies ahead. This is CNBC’s live blog covering all the latest news on the
Jeff Lawson Abigail Stevenson | CNBC Twilio shares were up as much as 25% in extended trading on Wednesday after the company reported first-quarter results and quarterly guidance that surpassed analysts’ estimates. The company’s shares exceeded the $149.95 record close from July 2019. The company reported: Earnings: 6 cents per share, adjusted Revenue: $364.9 million Revenue grew
Mark Cuban, billionaire investor on ABC’s “Shark Tank,” says the so-called American Dream is “why I do the show and that kind of drives what I invest in.” “You can be anywhere in the country and start a company and make it to the carpet in front of us and potentially get a deal,” he
A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Please check back for updates: 8:01 am: Moderna surges 16% in premarket after FDA approves vaccine phase 2 trial
A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to
null Getty As you look around for projects to dive into during the enforced isolation and shelter-in-place directive, look around your home and ask yourself “is this the house I can safely grow older in?” This may be the perfect time to make your home more age-proof and suitable for you and your family as
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post The Small Business Administration is applying
Selling a house in the age of COVID-19 is tricky, but the real estate business is finding ways to … [+] move forward. Getty COVID-19 hit the home-selling market during the usually robust spring season. Data from Realtor.com shows a big drop in sales and new listings. The outlook for home sales is uncertain and
Back in mid-April an independent report suggested that estate agents, along with cafes and … [+] restaurants, should be among the first to reopen – with business leaders adding that property is a key economic ‘multiplier’. Getty Back in mid-April an independent report from GlaxoSmithKline Chairman Sir Jonathan Symonds and Conservative Peer Lord Gadhia suggested
People dine in a restaurant on March 27, 2020 in Stockholm during the the new coronavirus COVID-19 pandemic. JONATHAN NACKSTRAND Sweden’s decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy. But now the country is past the peak of infections, its chief epidemiologist says, and there
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China. The