Tag: Marketwatch

Peloton Interactive Inc. PTON, -4.63% has announced new pricing across the fitness company’s offerings. The company is cutting prices on its bike and treadmill packages. The basic Peloton bike now starts at about $1,200, the Bike+ starts at about $2,000 and the Tread Basic starts at $2,395. But pricing for the all-access membership in North […]

Edible Garden AG EDBL, said Friday it was increasing the number of units in its initial public offering while trimming the price. In a Friday filing with the Securities and Exchange Commission, the controlled-environment agriculture company said it is offering 2.1 million units — consisting of one share of common stock and one warrant to […]

Published: April 15, 2022 at 4:25 p.m. ET The White House on Friday released 2021 tax returns for President Joe Biden and Vice President Kamala Harris as well as their spouses, saying the Bidens reported adjusted gross income of $610,702 and an effective federal income tax rate of 24.6%. This year’s federal income tax deadline […]

Twitter Inc. TWTR, -1.68% lost another bull, after KeyBanc Capital analyst Justin Patterson downgraded the social media company in the wake of Elon Musk’s buyout proposal. Patterson cut his rating to sector weight, after being at overweight since January 2021, saying that the potential for the Musk bid to “go up in smoke” will turn […]

Twitter Inc. TWTR, -1.68% announced on Friday that the company has adopted a shareholder rights plan, or “poison pill,” that will reduce the chances that a person or group will take control of the company. The announcement comes after Elon Musk’s offer of $54.20 per share was made public on Thursday. There were reports that […]

Senate Majority Leader Chuck Schumer said he plans to introduce the Cannabis Administration and Opportunity Act (CAOA) in the U.S. Senate before the August recess, according to reports on Thursday. The CAOA would legalize cannabis on the federal level and remove it from the list of controlled substances where it now resides as a Schedule […]

Twitter Inc. TWTR, -1.68% disclosed that Chief Financial Officer Ned Segal sold 5,000 shares in the social media company, representing less than 1% of his holdings, two days before Elon Musk went public with his buyout proposal. In a Form 4 filing late Thursday, Twitter said that on April 12, Segal sold 5,000 shares in […]

The daily average for new COVID-19 cases have climbed to a five-week high, with the East Coast mostly driving the increases and as the BA.2 subvariant continues to spread, but hospitalizations are still falling to the lowest levels seen since during the pandemic. The seven-day average of new cases rose to 36,830 on Thursday, the […]

Oil futures traded near Thursday’s highs, with global benchmark prices turning higher, after the New York Times reported that European Union officials are drafting a measure to embargo Russian oil products. The EU has been reluctant to issue a ban on Russian oil given that some of its members are highly dependent on those imports. […]

Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a recession is “the most likely thing” partly because the Federal Reserve “is going to have to keep going [in its effort to subdue inflation] until […]