Peloton hires McKinsey to review cost structure as equipment sales slow

Peloton hires McKinsey to review cost structure as equipment sales slow

Peloton is working with the management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. The potential job cuts were discussed in a recent call with members of Peloton’s management team, according to a recording obtained by CNBC. The apparel division, which has seen particularly weak sales, […]

Here are Tuesday's biggest analyst calls of the day: Apple, Tesla, Nike, SoFi, Six Flags & more

Here are Tuesday's biggest analyst calls of the day: Apple, Tesla, Nike, SoFi, Six Flags & more

Here are the biggest calls on Wall Street on Original news source Credit: www.cnbc.com

Microsoft to buy Activision

Microsoft to buy Activision

A gamer plays the video game ‘Call of Duty: Black Ops’ developed by Treyarch and published by Activision during the ‘Paris Games Week’ on October 25, 2018 in Paris, France. Chesnot | Getty Images Shares of Activision soared about 37% in pre-market trading Tuesday following a Wall Street Journal report that Microsoft would buy the […]

Alibaba, Citrix, 23andMe and others

Alibaba, Citrix, 23andMe and others

Check out the companies making headlines before the bell: Alibaba (BABA) – Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the China-based company’s cloud unit to see if it poses a risk to US national security. The probe is said to focus on how the e-commerce giant […]

Deutsche Bank hikes price target for Apple, sees more than 15% upside for tech giant

Deutsche Bank hikes price target for Apple, sees more than 15% upside for tech giant

A more normalized supply chain could create upside for Apple, according to Deutsche Bank. Original news source Credit: www.cnbc.com

Morgan Stanley downgrades Gap, says retailer will face major margin pressure in 2022

Morgan Stanley downgrades Gap, says retailer will face major margin pressure in 2022

It could be a tough year for retail stocks, and Gap could be particularly at risk, according to Morgan Stanley. Original news source Credit: www.cnbc.com

Wells Fargo downgrades Sherwin Williams as supply chain issues take a bite out of earnings

Wells Fargo downgrades Sherwin Williams as supply chain issues take a bite out of earnings

Sherwin Williams announced preliminary earnings results last week, cutting earnings guidance because of inflation and supply chain issues. Original news source Credit: www.cnbc.com

BlackRock CEO Larry Fink says stakeholder capitalism is not ‘woke’

BlackRock CEO Larry Fink says stakeholder capitalism is not ‘woke’

Larry Fink, chief executive officer of BlackRock Inc., in Zurich, Switzerland, on Thursday, March 7, 2019. Stefan Wermuth | Bloomberg via Getty Images The chief executive of BlackRock has sought to defend a shareholder movement focused on putting the interests of wider society ahead of profits, saying so-called “stakeholder capitalism” is neither political nor “woke.” In […]

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