Getty Images North America Peloton, best known for at-home fitness equipment and accompanying streaming fitness services, revealed Tuesday growing sales but widening losses ahead of its IPO, in documents filed with regulators. Peloton reported $915 million in sales for fiscal year ended June 30, 2019, up 110% from $435 million in fiscal 2018. In fiscal
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Behind the wheel of the 2018 Kia Stinger GT1 Mack Hogan | CNBC Some consumers are turning off driver safety systems because the technologies are “annoying or bothersome,” an emerging problem for the auto industry, according to a study released Tuesday by J.D. Power. Automakers are spending significant capital on semi-autonomous and driver-assist systems that are
Johnson & Johnson, the conglomerate that makes every thing from pharmaceutical drugs to consumer packaged goods, was dealt a $572 million set back by an Oklahoma judge for having a hand in igniting the state’s opioid epidemic. It’s the first court case where an American drugmaker was found responsible for influencing the opioid crisis, which
Art Cashin told CNBC on Monday that President Donald Trump may have learned his lesson in response to market volatility amid the trade tensions. “I don’t know how long the lesson will last but I think he’ll be more modified from now on,” Cashin, UBS director of floor operations at the New York Stock Exchange, said on
A shopper searches her purse outside a Dollar Tree store in Encinitas, Calif. Lenny Ignelzi | AP Retail discounters Dollar General and Dollar Tree will pay $1.2 million in fines for selling expired products, the New York Attorney General announced Monday. The investigation also called out Family Dollar, which was acquired by Dollar Tree in
Todd Wawrychuk | Disney Parks In the days leading up to Disney’s D23 Expo panel on its parks and resorts, the company announced several major additions to its line up of destinations. On Sunday, the company is expected to expand on those reveals as well as detail a number of other exclusive updates about its
Twenty-five Disney stores will open at Target stores across the country this Oct. 4, ahead of the holiday season, in cities including Philadelphia, Denver and Chicago. Source: Target Target on Sunday announced it’s opening dozens of permanent Disney stores within its own stores over the next year, as it invests in more unique ways to
Brian Jacobs, founder of Moai Capital, in front of the moai statues on Easter Island. Moai Capital As a venture capitalist, Brian Jacobs has spent almost three decades betting on software designed to make businesses more productive — from Salesforce to videoconferencing company Zoom. As a parent, he’s found that better technology isn’t always enough.
Enrique Torrendell joined LinkedIn as a software developer in the company’s Reach engineering apprenticeship program in 2017, and he remains with the company more than two years later. LinkedIn Enrique Torrendell was stumped. It was 2017, and Torrendell, who previously managed a food truck business in New York, had just started a new gig at
R2-D2 and BB-8 attend Go Behind The Scenes with Walt Disney Studios during D23 Expo 2019 at Anaheim Convention Center on August 24, 2019 in Anaheim, California. Frazer Harrison | Getty Images Entertainment | Getty Images Disney is the king of the box office. The company, which houses a half dozen studios under its film