According to sources familiar with the matter, several private equity firms are considering a buyout of Peloton as the connected fitness company aims to refinance its debt and regain momentum following 13 consecutive quarters of losses. In recent months, Peloton, ...
Disney released its fiscal second-quarter earnings on Tuesday, surpassing analyst estimates after narrowing its streaming losses. However, shares of the company plummeted 10% as it fell short of revenue estimates for the fourth consecutive quarter and provided a softer outlook ...
After five years of strategic investment, Disney came close to achieving profitability in its streaming units during the fiscal second quarter, reporting a modest loss of $18 million across Disney+, Hulu, and ESPN+. This marks a significant improvement from the ...
The weight loss drug market, long dominated by Novo Nordisk and Eli Lilly, is on the brink of a significant shake-up as a new contender emerges. Amgen, a prominent player in the pharmaceutical industry, is leading a group of drugmakers ...
Uber’s first-quarter results, released Wednesday, edged slightly above analysts’ revenue estimates but came with an unexpected net loss, causing shares to drop over 6% in premarket trading. Uber’s revenue increased by 15% in the first quarter compared to the previous ...
Billionaire investor Stanley Druckenmiller disclosed on Tuesday that he significantly reduced his substantial investment in chipmaker Nvidia earlier this year, citing concerns that the rapid surge in artificial intelligence might be excessive in the short term. “We did cut that ...
“Big four” accountancy firms PricewaterhouseCoopers and EY have been fined a combined £9.3m for a series of failures in auditing the accounts of London Capital & Finance, the collapsed mini-bond firm that wiped out the investments of thousands of savers. ...
A consortium of leading Japanese telecommunications companies has revealed a groundbreaking achievement: the world’s first high-speed 6G prototype device. This technological marvel boasts data transmission rates reaching an impressive 100 gigabits per second (Gbps) over distances exceeding 300 feet. This ...
Small-cap stocks in the US are grappling with the specter of sustained high interest rates as the Federal Reserve grapples with inflationary pressures, casting a shadow over their performance compared to broader market indices this year. The end of 2023 ...
Microsoft is placing security as its top priority for all employees, in response to years of security challenges and increasing criticisms. Following a damning report from the US Cyber Safety Review Board, which highlighted inadequacies in Microsoft’s security culture, the ...