Peloton stationary bikes for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty ImagesPeloton is recalling its original Bike+ after receiving reports that the seat post broke and detached from the equipment during use, leading to two injuries, the Consumer Product Safety Commission said in a news release Thursday. The recall impacts 833,000 units, touching every original Bike+ the company has ever sold. The bikes were sold between January 2020 and April 2025 but Peloton stopped manufacturing them in 2022. The recall comes after Peloton received two reports of injuries “due…
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Stifel is moving off the sidelines when it comes to Biogen . The investment firm upgraded the biotech stock to buy from hold. It also hiked its target price to $202 per share from $144, which signals upside of nearly 32% from Wednesday’s close. Analyst Paul Matteis’ forecast implies that the stock could rally nearly 32% from here. BIIB YTD mountain BIIB YTD chart “For a cheaper, ‘value-y’ large cap, Biogen offers unique optionality even if clinical catalysts still have risks,” he wrote. “Valuation isn’t a thesis in its own right in biotech, but on a EV/sales basis Biogen trades…
A banner is displayed for Forge Global Holdings Inc. to celebrate the company’s listing at the New York Stock Exchange (NYSE) in New York City, U.S., March 22, 2022. Brendan Mcdermid | ReutersCharles Schwab on Thursday agreed to buy private shares platform Forge Global in a deal valued at $660 million as Wall Street firms seek to meet growing investor demand for access to high-growth startups.Major financial institutions are expanding services that give clients access to private companies and liquidity in pre-IPO shares, seeking to tap rising investor demand for early exposure to fast-growing startups.The per-share deal value of $45 represents…
Qualcomm delivered a fiscal fourth-quarter earnings and revenue beat , but that may not have been enough to satisfy some investors. The chip provider earned an adjusted $3 per share on revenue of $11.27 billion during its fiscal fourth quarter. That exceeded LSEG estimates for earnings per share of $2.88 and $10.79 billion in revenue. Qualcomm also issued a strong forecast for its current quarter. The company new expects revenue of between $11.8 billion and $12.6 billion, higher than the average analyst estimate of $11.62 billion. Adjusted earnings should come in at $3.30 to $3.50 per share, while analysts had…
KANSAS CITY, MISSOURI – NOVEMBER 02: Nichelle Prince #8 of Kansas City Current celebrates with teammates after scoring the team’s second goal during the NWSL match between Kansas City Current and San Diego Wave at CPKC Stadium on November 02, 2025 in Kansas City, Missouri. (Photo by Amy Kontras/NWSL via Getty Images)Amy Kontras | Nwsl | Getty ImagesNational Women’s Soccer League Commissioner Jessica Berman is tapping into star power to guide the league’s growth.The NWSL announced on Thursday it’s formed a star-studded advisory board that will meet twice a year to focus on key areas of opportunity related to marketing,…
The City of London skyline at sunset.Gary Yeowell | Digitalvision | Getty ImagesLONDON — European stocks opened lower on Thursday, as investors reacted to another flurry of corporate earnings.The pan-European Stoxx 600 was 0.3% lower 20 minutes into the session, with most sectors and major bourses in negative territory. France’s CAC 40 led losses among major regional indexes, with a decline of 0.7%.It’s a busy day for earnings with third-quarter reports due from a slew of regional companies.AstraZeneca CEO: ‘We decided to be cautious’AstraZeneca held its guidance steady on Thursday morning, after reporting better-than-expected third-quarter revenues and profit. Total revenue,…
Americans are feeling a credit crunch: U.S. consumers held a record $1.21 trillion in credit card debt in the second quarter of 2025, according to the New York Fed. Nearly half of cardholders carry a balance from month to month and the portion who are behind on even the minimum payment has risen to 12.3%, up from 10.9% in 2024 and 8% in 2023.Credit cards and Buy Now, Pay Later plans make it easy for balances to balloon. And high interest rates mean it’s hard to make a dent in the principal.If you’re facing this challenge, a debt relief company…
A U.S. Supreme Court police officer stands guard on the first day of their new session in Washington, D.C., U.S., Oct. 6, 2025. Jonathan Ernst | Reuters The U.S. Supreme Court on Wednesday heard a case on the Trump administration’s “reciprocal” tariffs, and both liberal and conservative judges appeared skeptical of the legal basis of those tariffs.Following the hearing, traders on the prediction market Polymarket think there’s only a 25% chance that Trump’s tariffs will hold, down from roughly 50% a day ago.Markets rose after the hearing, with major U.S. indexes rebounding from Tuesday’s losses. Still, the end of tariffs…
Jensen Huang attends a reception for the 2025 Queen Elizabeth Prize for Engineering, at St James’ Palace in London, Brirain, Nov. 5, 2025. Yui Mok | Via ReutersNvidia CEO Jensen Huang reportedly told the Financial Times on Wednesday that “China is going to win the AI race,” only to release a notably softer statement soon after. The prolific tech leader was speaking on the sidelines of the FT’s Future of AI Summit, where he warned that China would beat the U.S. in artificial intelligence thanks to lower energy costs and looser regulations.The comments, which CNBC could not verify independently, would represent…
Maersk and HMM container ships at the Port of Los Angeles in Los Angeles, California, US, on Wednesday, Sept. 24, 2025.Bloomberg | Bloomberg | Getty ImagesDanish shipping giant Maersk on Thursday posted stronger-than-expected third-quarter operating profit and raised the lower-end of its full-year guidance, bolstered by increasing container volumes.The company, widely regarded as a barometer of global trade, reported preliminary underlying earnings before interest, tax, depreciation and amortization (EBITDA) of $2.68 billion for the July-September period.That’s above the $2.6 billion expected by analysts in an LSEG-compiled consensus but down sharply from $4.8 billion over the same period a year earlier.Maersk…
