Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic. The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes
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The world of cryptocurrency moves at a whirlwind pace but Twitter CEO Jack Dorsey remains committed to its earliest lodestone, Bitcoin (BTC). In an interview with Reuters on Sept. 10, Dorsey, who also founded the mobile-payment platform Square, said he believes the coin’s potential still outshines later developments: “I think the internet warrants a […]
EUR/USD price action is trapped in between its key hourly moving averages The pair is sitting a little higher on the day, trading around 1.1820-30 levels in European morning trade so far but the technical bias isn’t hinting at much for now. The bounce from yesterday comes after the pair met daily support from the
NYSE:KODK rises 5.24% after a renowned investment firm initiates a new position. Investors anticipate the federal loan being released and Kodak to begin supplying the U.S. with active pharmaceutical ingredients. It has been a strange year for a multitude of reasons but not the least of which has been the sudden resurgence of Eastman Kodak
The advice also says that would allow the commission to take legal action against the UK on several grounds A thread by RTE reporter, Tony Connelly: For bank trade ideas, check out eFX Plus 1/ The advice says the UK’s attempt to override elements of the NI Protocol are a “clear breach” of the Withdrawal
NEW DELHI: Gold and silver prices were trading on a flat note in Thursday’s session ahead of European Central Bank (ECB) policy meet outcome later in the day while non-stop rise in the coronavirus cases supported the prices. The ECB is set to announce its rate decision at 1145 GMT on Thursday. Investors will watch
Sterling remains the weakest one for the week, without a doubt in the otherwise mixed forex markets. Overall risk sentiments stabilized with the overnight rebound in US stocks. Dollar has pared back much of this week’s gains together with Yen. Euro is currently the stronger one for today, as helped by cross buying against the
People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images The official unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in the coronavirus pandemic, the Bureau of Labor Statistics reported Friday. That’s the lowest rate since
Lululemon Athletica store logo and sign in Philadelphia. Gilbert Carrasquillo | Getty Images Lululemon on Tuesday reported surprise revenue growth, despite lockdowns during the height of the coronavirus pandemic, as stores started reopening in the fiscal second quarter and consumers stocked up on workout apparel and yoga accessories. But its stock fell by more than 6% in
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Little support seen in cable as the fall under 1.30 continues For bank trade ideas, check out eFX Plus The bill has caused a major ruckus among EU and UK lawmakers over the past week, and in turn has sent the pound into a tailspin as the decline continues today. Cable is down 0.4% to
After the UK’s Internal Market Bill sounded all alarms for the European Union (EU) policymakers, Telegraph came with news suggesting the bloc’s readiness to file a suit against its ex-neighbor. It was also confirmed that European Commission Vice-President Maroš Šefčovič will meet with the UK’s Michael Gove on Thursday to seek clarifications on the full
UK PM Johnson is maneuvering to do just that with the accord as part of his reneging on the agreement he signed with the EU. Pelosi with the threat of no trade deal with US if he does. Johnson places what appears to be implacable opposition to his current plan of withdrawing from the agreement
By Diptendu Lahiri Gold firmed on Wednesday on lingering uncertainties stemming from the coronavirus pandemic, but gains were limited as the dollar too gained from safe-haven inflows driven by worries about a delay in the development of a vaccine. Spot gold was up 0.3 per cent at $1,936.47 per ounce by 1302 GMT, shaking off
The Pound’s selloff continues today as the UK government’s so called internal market bill draws wide criticism, from EU to Scotland and Wales. Traders continue to off-load Sterling on no-deal Brexit risks. European markets, though, somewhat stabilized and recovered from yesterday’s selloff. US stocks futures also point to recovery at open. Yen and Dollar turns
Job openings rose 10% in July to a pandemic high even though the rate of hiring saw a sharp slump, according to a Labor Department report Wednesday. The total for available positions hit 6.6 million for the month, above the 6 million expected from economists surveyed by FactSet. The estimate effectively would have been no