In this article PTON WEED-CA REYN CMG LYFT NKLA Check out the companies making headlines before the bell: Peloton (PTON) – Peloton added 1% in premarket trading after surging more than 20% in each of the past two sessions. Yesterday’s gains came after the fitness equipment maker announced that CEO John Foley was stepping down
Short-term luxury rental company Wander announced today a Series A raise of $20 million and the opening of their booking platform to the general public. Founded just nine months ago, by Forbes’ 30 Under 30 alum John Andrew Entwistle, the startup has already surpassed 30,000 users on their waitlist and over 2,000 founding members who
A sign advertising an open house in Corona Del Mar, California. Scott Mlyn | CNBC Mortgage rates have been rising since the start of the year, but buyers at first seemed unfazed, some even rushing to get in before rates moved higher. Now buyers are pulling back. Mortgage applications to purchase a home dropped 10%
Puerto Rico bankruptcy Judge Laura Taylor Swain struck down a challenge to the Oversight Board’s privatization of Puerto Rico’s electrical system, granting the board’s motion to withdraw a complaint filed by the Puerto Rico Senate nearly two years ago. Puerto Rico Senate President José Luis Dalmau Santiago and the Puerto Rico Senate filed their original
Municipals were weaker Tuesday amid another spike in U.S. Treasury yields while equities rallied. The primary market was active, with Washington selling $743.5 million of general obligation bonds at similar spreads to its last deal in November. The South Carolina Public Service Authority priced $930 million of revenue refunding bonds while the state of Ohio
Today, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for EUR and GBP on-ramp integration. Bybit crypto exchange platform users can now use EUR and GBP to buy cryptocurrency directly on the system through Cabital’s fiat on-ramp solution, with no transfer fees between their Bybit and Cabital wallets. According to
Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge funds crushed the market in January as a spike in volatility and a steep sell-off in growth stocks created an ideal environment for fast-money traders. Citadel’s multistrategy flagship fund Wellington gained 4.71% last month, according to a person familiar with
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton CEO John Foley will be stepping down. The fitness equipment maker will also slash about 2,800 jobs or about 20% of its corporate staff and also cut $800 million in annual costs. Foley’s replacement will be former Spotify and
It’s early days for the 2022 housing market, but new data shows home buyers are already off to the real estate races. In the first month of the year, the typical home sold faster than in any prior January, according to the Realtor.com Monthly Housing Report released today. Compared to January’s national pace, homes sold
China’s property troubles will make it harder for developers in the country to gain access to U.S. debt markets, according to Moody’s Investors Service. “We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance,” Annalisa Di Chiara, a senior vice president at Moody’s, told CNBC “Squawk Box Asia”
Two Companies With Upward Pointing Trends.
Claire G. Cohen, 87, one of the first women professionals in the municipal bond industry, whose career in public finance spanned over 49 years died at home on Feb. 3. “She was a pioneer in many ways, never shy to express an opinion which was always thoughtful and without rancor,” said Hy Grossman, who began
Cryptocurrency exchange FTX.US will be giving away free Bitcoin as part of its upcoming advertising campaign at the Feb. 13 Super Bowl LVI. However, the amount of Bitcoin given away has yet to be determined because it will depend on what time the ad runs on the East Coast. For example, if the ad runs
Municipals were mostly steady Monday in light trading, with some slight weakness on the long end, while U.S. Treasuries were little changed and equities ended mixed. Triple-A benchmark yields rose a basis point or two in spots while UST were little moved from Friday’s levels. The municipal to UST ratio five-year was at 66%, 75%
Bob Cortright of DriveWealth Source: DriveWealth DriveWealth, the SoftBank-backed start-up that helps fintech firms like Revolut offer stocks, is getting into cryptocurrency trading, CNBC has learned. The New Jersey based start-up, valued at $2.85 billion in a recent fundraising, is acquiring a crypto firm founded by Harvard-trained quants and launching two subsidiaries to handle and
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit surged 11.4% in the premarket after announcing it would buy competitor Frontier Airlines in a stock swap deal valued at $6.6 billion including assumed debt. Shares of Frontier’s parent company Frontier Group (ULCC) fell 2.4%. Peloton (PTON) –
Bring your architect! This, along with similar code phrases, means that the apartment you’re about to view needs work — and probably a lot of it. To compensate for future headaches, sellers tend to offer buyers a lower price upfront. Since the pandemic, however, interest in fixer-uppers has waned considerably compared to move-in ready units
Prospective home buyers tour a model home at the PulteGroup Mirehaven housing development in Albuquerque, New Mexico. Sergio Flores | Bloomberg | Getty Images Consumers are feeling far more negative about the housing market this winter, as home prices continue to rise and now mortgage rates move higher as well. A monthly survey from Fannie
Idaho received its second rating upgrade in four months when Moody’s Investors Service elevated the state’s issuer rating to Aaa from Aa1 on Thursday. The upgrade reflects the state’s continued positive economic and demographic outlook and efforts to increase reserves to protect against the state’s volatile economic and revenue structure, Moody’s analysts wrote. Also upgraded
U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has