Peloton posted a worse-than-expected holiday quarter on Thursday after shoppers failed to shell out for its new AI-driven product line and turned away from higher subscription prices. The connected fitness company missed Wall Street’s estimates on the top and bottom lines and fell short of its own internal sales targets in the three months ended…
A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025. Kirill Kudryavtsev | Afp | Getty Images The European Central Bank on Thursday kept policy rates unchanged for the fifth consecutive meeting, with its key interest…
Check out the companies making the biggest moves in premarket trading: Qualcomm — The chipmaker sank nearly 11% as a global memory shortage hurt its forecast . Qualcomm expects fiscal second-quarter adjusted earnings of between $2.45 and $2.65 per share on revenue of $10.2 billion to $11 billion. Analysts polled by LSEG were expecting $11.11…
Flamengo’s sporting director has jokingly suggested that Vinícius Júnior is next on his transfer wishlist following the return of Lucas Paqueta. During the playmaker’s official unveiling in Rio, the club chief could not resist a dig at Real Madrid regarding a free transfer for their superstar, hinting that the “project” to reunite the academy graduates…
An Amazon Go store in New York, US, on Tuesday, Jan. 27, 2026. Michael Nagle | Bloomberg | Getty Images Layoff plans hit their highest January total since the global financial crisis while hiring intentions reached their lowest since the same period, outplacement firm Challenger, Gray & Christmas reported Thursday. U.S. employers announced 108,435 layoffs…
Key Points Investment firms of the ultra-rich started the new year with buzzy investments, including in a motorcycle racing team. But 2026 is hardly off to a roaring start, with family offices making 32% fewer direct investments in January on an annual basis, according to Fintrx. While family offices are making fewer bets, their appetite…
People walk along Bank Junction next to the Bank of England in the City of London, the capital’s financial district. Vuk Valcic | SOPA Images | Lightrocket | Getty Images The Bank of England kept interest rates on hold at 3.75% at its first meeting of 2026 on Thursday. The central bank’s nine-member Monetary Policy…
BondBloxx ETFs has been making a big bet in private credit. Even with Wall Street fears of an impending meltdown in the space, the firm’s co-founder and chief operating officer is confident private credit is a sensible way for investors to pursue income. “What you’re seeing in the press… maybe a fund of one manager and…
Bitcoin briefly dropped below $70,000 on Thursday amid a broader sell-off of risk assets. The move, which happened around 6:27 a.m. ET, was the first time bitcoin fell below $70,000 since November 2024. Bitcoin bounced off that low and was trading at around 70,453.68 at 6:40 a.m. ET, according to CoinMetrics data. Some market watchers…
Manchester City ran riot against Newcastle to rubber-stamp their place in the Carabao Cup final against Arsenal. Pep Guardiola again rang the changes but still watched his side ease to a 3-1 win on the night to complete a 5-1 drubbing on aggregate over last year’s winners. Omar Marmoush scored two quick-fire goals while Tijjani…
