The direct-to-consumer boom is coming to an end. A once-bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021.…
Read more Why direct-to-consumer darlings such as Casper, Allbirds and Peloton are now strugglingAmazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively. The tech…
Read more Amazon unveils buy now, pay later option from Affirm for small business ownersJen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California. Ezra Shaw | Getty Images Peloton shares spiked Wednesday after the company announced…
Read more Peloton shares soar on digital content partnership with LululemonPeople walk past a Peloton store in Coral Gables, Florida, on Jan. 20, 2022. Joe Raedle | Getty Images Peloton co-founder and Chief Product Officer Tom Cortese is…
Read more Peloton co-founder and Chief Product Officer Tom Cortese is leaving the companyInstacart, the grocery delivery company that slashed its valuation during last year’s market slide, filed its paperwork to go public on Friday in what’s poised to be the…
Read more Instacart files to go public on Nasdaq to try and unfreeze tech IPO marketSocial audio platform Clubhouse announced Thursday that it was laying off half its staff in order to “reset” the company. It shouldn’t come as a surprise. If there…
Read more The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainableStocks that traded heavily or had substantial price changes Tuesday: Tesla, Southwest, Peloton fall; Las Vegas Sands, Hess rise NEW YORK — Stocks that traded heavily or had…
Read more Tesla, Southwest, Peloton fall; Las Vegas Sands, Hess risePedestrians walk past the NASDAQ MarketSite in New York’s Times Square. Eric Thayer | Reuters It seems like an eternity ago, but it’s just been a year. At…
Read more Tech’s reality check: How the industry lost $7.4 trillion in one yearTesla shares could decline dramatically — and that could mean disaster for a number of stocks that have already seen deep share-price cuts, according to equity research firm…
Read more A Tesla stock plunge could destroy ‘zombie stocks’ such as GameStop and Peloton, warns equity research firm New ConstructsThe U.S. is at risk of prolonging the COVID pandemic if it fails to back an initiative that aims to get vaccines, diagnostics and treatments to lower-income countries,…
Read more U.S. risks prolonging pandemic if it doesn’t back WTO push to get vaccines and treatments to lower-income countries, lawmakers warnOPEC+'s 2 million barrels-per-day oil production cut to boost prices. U.S. delivers an angry rebuke. Source link
Read more What Cramer is watching Thursday — OPEC+ surprise, Corona beer maker beat, Costco’s salesA Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check out the companies making…
Read more Stocks making the biggest moves midday: Peloton, Tesla, Viasat, Wells Fargo, Box and more
