Peloton co-founder John Foley, who has overseen the firm for its entire 10-year history, is stepping down as CEO and will become executive chairman. Barry McCarthy, the former CFO of Spotify and Netflix, will take over as CEO and President of Peloton and join the board of directors.
Go Deeper (2 min read)Constellation Software is a software conglomerate based in Canada. The firm is based in Toronto, Canada. It is traded on the Toronto Stock Exchange and is a component of the S&P/TSX 60 index.
Go Deeper (7 min read)Amazon's profit nearly doubled during the holiday season, thanks to better-than-expected labor and supply cost control, as well as advances in its cloud computing and advertising divisions.
Go Deeper (2 min read)According to Labor Department figures released Tuesday, job postings totaled roughly 11 million in December all while the Great Resignation slowed.
Go Deeper (1 min read)What changed in the last quarter was what retail investors were trading. They shied away from meme stocks, opting instead for more conservative exchange-traded funds.
Go Deeper (2 min read)In a webinar on Tuesday, ARK Invest's Cathie Wood doubled down on her prediction that deflation, not inflation, will be the most important driver in the US economy in the coming year.
Go Deeper (3 min read)In 1990, Marc Bürki and Paolo Buzzi founded Marvel Communications SA, an enterprise that focused on financial software and web applications. Marvel would form the foundation for Swissquote (founded in 1996), an enterprise that promised to be the world’s most pioneering and intuitive online bank.
Go Deeper (8 min read)After a relatively large miscalculation of inflation, supply chain bottlenecks and labour shortages, the Fed is now trying to work back against some of its mistakes. Yet, this time, many investors fear that the Fed might act too strongly and push the economy into recession.
Go Deeper (2 min read)In 2021, the S&P 500 gained 27%, capping a third year of double-digit gains. Stocks are still cheaper than a year ago: the S&P 500 is currently selling at 21 times analysts' estimated earnings for the next 12 months, down from 22.8 times at the end of 2020.
Go Deeper (3 min read)The January meme-stock mania and a rally in smaller and cheaper stocks boosted optimism that active investing would make a comeback this year. However, as the year comes to a close, most professional stock pickers are finding themselves at the same spot, again: lagging the S&P 500 index.
Go Deeper (2 min read)activist investor Starboard Value LP has purchased a 6.5% interest in web services provider GoDaddy valued at around $800 million and accounting for around 10,000 shares. This became Starboard's largest holding.
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