The bad news flywheel continues to be spinning in warp speed at Peloton (PTON).  Shares of Peloton crashed 22% to $26 on Thursday after a CNBC report that the struggling fitness company would temporarily halt production of its bikes and treadmills due to sluggish consumer demand. Shares fell below the company’s September 2019 IPO price of $29.  The company will reportedly stop producing its bikes for two months and treadmills for six weeks.  A Peloton spokeswoman didn’t return Yahoo… Source link

A top Wall Street analyst thinks Apple’s stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity.  “Apple shares are up 19% since the October 4 low (vs. 5% for the S&P 500) suggesting December quarter upside is largely priced in,” warned Morgan Stanley tech analyst Katy Huberty in a new research note Thursday. Huberty expects Apple to report a better than expected quarter on Jan. 27, and guide to a relatively in line March quarter.  If the stock… Source link

Microsoft (MSFT) shook the tech and gaming industries on Tuesday when it announced its planned purchase of Activision Blizzard (ATVI) for $68.7 billion. The deal, slated to close in 2023, would instantly turn Microsoft into the owner of one of the biggest franchises in the world, “Call of Duty,” and make it a key mobile gaming player. But according to Jefferies analyst Brent Thill, the deal is also a huge win for Activision Blizzard and its employees, who have had to contend with an… Source link

Meta may be the loudest company building AR and VR hardware. Microsoft has HoloLens. Apple is working on something, too. But don’t count out Google. The search giant has recently begun ramping up work on an AR headset, internally codenamed Project Iris, that it hopes to ship in 2024, according to two people familiar with the project who requested anonymity to speak without the company’s permission. Like forthcoming headsets from Meta and Apple, Google’s device uses outward-facing… Source link

Did you know that Tampa Bay Buccaneers quarterback Tom Brady co-founded an NFT agency? Well he did! It’s called Autograph, and you won’t be surprised to find out that it’s doing pretty well.  The company told TechCrunch on Wednesday that it had just completed its Series B funding round and had raised $170 million from venture capital firms Andreessen Horowitz and Kleiner Perkins, among several others. Both firms have been investing in cryptocurrency related projects and Autograph is the… Source link

Yandex stock value has remained on a downtrend in the first couple of weeks of 2022 as shares have shed more than 15% of their value since the start of January amid tighter macroeconomic conditions. A spike in interest rates in the US amid elevated inflation readings and hawkish remarks from Federal Reserve officials has contributed to depress tech stock valuations. As of 19 January, the yield of US 10-year Treasury Notes stood at 1.83% – the highest reading since the pandemic started –… Source link

Google has a reputation for quality, and Google Voice certainly lives up to the company’s high technical standards. In fact, Google Voice is one of Forbes’ picks for the best VoIP Services. To get started with Google Voice, you’ll need to choose the business or personal plan that’s right for you. You can port an existing phone number or select from a list of numbers with specific area codes from around the country. As long as you’re connected to a Wi-Fi network… Source link

Yandex NV (YNDX) is up Thursday morning, with the stock rising 1.26% in pre-market trading to 48.95. YNDX’s short-term technical score of 14 indicates that the stock has traded less bullishly over the last month than 86% of stocks on the market. In the Internet Content & Information industry, which ranks 135 out of 146 industries, YNDX ranks higher than 24% of stocks. Yandex NV has fallen 19.86% over the past month, closing at $59.99 on… Source link

Buffalo Bills at Kansas City Chiefs is a phenomenal divisional round matchup. You can tell by the point spread.  The Chiefs opened as 2.5-point favorites at BetMGM, and that moved to -1.5 by Wednesday. Think about that: The team that has Patrick Mahomes, has played in the past two Super Bowls and has won 10 of 11 is seeing the betting line move against them.  Just because it’s a big game — and this could well be the biggest game of the entire season before the Super Bowl — doesn’t mean… Source link

Weekly new jobless claims unexpectedly jumped last week by the most since October, with some renewed virus-related disruptions at least temporarily impeding the labor market’s recovery.   The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended Jan. 15: 286,000 vs. 225,000 expected and a revised 231,000 during prior… Source link