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Peloton Lowers FY21 Revenue Guidance Marginally To Reflect Treadmill Recall Impact: Bloomberg
Friday, May 7, 2021 - 6:37am | 452Read More...Peloton Interactive Inc (NASDAQ: PTON) lowered the FY21 revenue guidance from $4.075 billion to $4 billion to reflect the short-term impact of the treadmill recall, Bloomberg reports. The sales stoppage of the Tread+ and Tread and the recall costs is estimated to reduce revenue by...
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Be Prepared To Lose Crypto Investments: Bank Of England Governor
Thursday, May 6, 2021 - 2:54pm | 228Read More...Bank of England Governor Andrew Bailey is advising investors to only buy Bitcoin (CRYPTO: BTC) and other crypto assets if they are ready to lose everything. What Happened: According a Thursday Bloomberg report, Bailey warned investors about crypto assets and said to "buy them...
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WallStreetBets Subreddit Targeted By Scammer Who Is 'Buying Lambo' After Raking In $2.25M
Wednesday, May 5, 2021 - 12:35pm | 354Read More...Members of the trading subreddit WallStreetBets fell victim to a targeted scam. What Happened: According to a Tuesday's Bloomberg report, a scam targeting WallStreetBets could have left its victims with at least $2 million in losses. A Telegram group named “WallStreetBets...
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Gym Owner And Peloton Rival Equinox In Talks With Chamath's Social Capital For SPAC Deal: Report
Tuesday, May 4, 2021 - 6:57pm | 404Read More...One of the most popular names in the SPAC world is Chamath Palihapitiya. After months of not announcing a deal or financing the PIPE on an announced deal, Palihapitiya’s name has popped up on a rumor Tuesday night. What Happened: Equinox, an owner of gyms and the majority owner of SoulCycle...
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Uber Peer Bolt Launches Car-Sharing Project In Tallinn: Bloomberg
Tuesday, May 4, 2021 - 9:06am | 288Read More...Uber Technologies Inc (NYSE: UBER) ride-hailing peer, Bolt Technology OU, will initially launch a car-sharing project, Bolt Drive, in the Estonian capital, Tallinn, at steeply lower prices compared to the competition, Bloomberg reports. It will follow by subsequent expansion...
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Drake, Ryan Reynolds And Other Celebs Join WealthSimple's $610M Funding Round At $4B Valuation: Bloomberg
Monday, May 3, 2021 - 2:07pm | 340Read More...Canada’s Power Corporation Of Canada’s (OTC: PWCDF) online brokerage, Wealthsimple, has raised $610 million (C$750 million) at a $4 billion valuation, over three times its October valuation, Bloomberg reports. Existing investors Meritech Capital Partners and...
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Intel, TSM Anticipate Semiconductor Crisis To Extend Beyond 2021: Bloomberg
Monday, May 3, 2021 - 1:29pm | 336Read More...Intel Corp (NASDAQ: INTC) CEO Pat Gelsinger expects the pandemic-induced home gadget-led global semiconductor chip crisis for the different industries to extend for several years, Bloomberg reports. The company was reworking some of its factories to drive production and counter the...
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Car Rental Companies Are Buying Used Cars Due To Chip Crisis: Bloomberg
Monday, May 3, 2021 - 12:47pm | 290Read More...The semiconductor chip crisis-fueled car production cuts have compelled the rental-car companies like Hertz Global Holdings Inc (OTC: HTZGQ) and Enterprise Holdings Inc to purchase used cars from auctions, Bloomberg reports. The rental car companies...
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Emergent BioSolutions Has Supply Of 60M Johnson & Johnson COVID-19 Vaccine Doses Awaiting Approval: Bloomberg
Friday, April 30, 2021 - 2:35pm | 500Read More...Emergent BioSolutions Inc (NYSE: EBS) has manufactured over 115 million doses of drug substance used in the Johnson & Johnson (NYSE: JNJ) COVID-19 vaccine, 60 million doses of which are in vials and ready to deploy at U.S. regulators’ discretion, reports...
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Turkish Delivery App Getir Seeks To Raise $500M At $7B Valuation: Bloomberg
Friday, April 30, 2021 - 1:04pm | 236Read More...Turkish retail delivery app, Getir is planning at least $500 million at a minimum valuation of $7 billion to fund its U.S. expansion, Bloomberg reports. Getir is aiming for a U.S. initial public offering after two years. Startups like Getir and Berlin’s grocery delivery app Gorillas...
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Bausch Health Exploring Potential Divestiture Of Eye Care Units: Bloomberg
Thursday, April 29, 2021 - 12:36pm | 269Read More...Bausch Health Companies Inc (NYSE: BHC) said in August that it would spin off its eye-care unit and operate it as an independent, publicly traded company. As a standalone company, Bausch + Lomb could be valued at $20 billion to $30 billion, according to Bloomberg Intelligence. The...
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Philip Morris Ponders Joining Booming Cannabis Space
Wednesday, April 28, 2021 - 4:16pm | 457Read More...The Swiss-American multinational Philip Morris International Inc. (NYSE: PM), may join other cigarette producers that have already jumped into the cannabis industry. What Happened Marlboro is analyzing key components of the industry, such as the “toxicity of cannabis, efficacy...
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Peloton Peer Ergatta Raises $30M At $200M Valuation: Bloomberg
Wednesday, April 28, 2021 - 2:55pm | 308Read More...Brooklyn’s $2,199 rowing machine start-up, Ergatta, has raised $30 million at a $200 million valuation, Bloomberg reports. Ergatta focuses on unique home workout trends with a sporty flavor, offering respite from instructor-led classes. Peloton Interactive Inc (NASDAQ: ...
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MessageBird Set To Acquire Twilio Competitor For $600M Cash: Bloomberg
Wednesday, April 28, 2021 - 2:18pm | 477Read More...A Dutch software company, MessageBird, is set to acquire email marketing firm SparkPost for $600 million in an all-cash deal to strengthen its North American focus and competition with Twilio Inc (NYSE: TWLO), Bloomberg reports. Twilio’s value has grown from $1.23 billion...
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Sony Targets $1.8B Share Repurchase To Make Up For The Profit Miss: Bloomberg
Wednesday, April 28, 2021 - 11:32am | 547Read More...Sony Group Corp (NYSE: SONY) will repurchase up to $1.8 billion (200 billion yen) shares after posting quarterly profit below expectations, Bloomberg reports. Earnings: The March quarter operating profit of 66.5 billion yen missed the analyst estimate of 74 billion yen. Sony...
