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Wall Street

Peloton lost more than $1.2 billion last quarter. Is the company spinning its wheels?

by Lily Jamali
Aug 26, 2022
The latest earnings from the popular fitness bike company may mean the company needs to switch directions to retain customers.
The fitness company reported a massive loss last quarter, spurring questions about the need for a revamped business strategy.
Ethan Miller/Getty Images
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When quarterly earnings "miss Wall Street expectations," whose expectations do we mean?

by Sabri Ben-Achour
Aug 17, 2022
Stock analysts set these expectations, and stock prices react to whether they are met.
Target's financial results fell short of Wall Street expectations, and the stock lost ground.
Robyn Beck/AFP via Getty Images
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Alexa, meet Roomba: Amazon buys robotic vacuum maker iRobot for $1.7 billion

by Stephanie Hughes
Aug 8, 2022
"Alexa, please tell the Roomba to stop scaring the cat."
Amazon's billion-dollar purchase of Roomba may see the company become even more involved in home smart technologies.
Eric Piermont/Getty Images
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Even amid the crash, there's some optimism about the future of crypto

by David Brancaccio , Jarrett Dang and Alex Schroeder
Jul 26, 2022
The co-founder of one financial services company is bullish on digital currencies even as uncertainty roils the market.
"Similar to the past so-called crypto winters, the underlying foundation, the development, the technology and the adoption [of crypto] has been continuing," said William Cai, co-founder and managing partner at Wilshire Phoenix.
Ina Fassbender/AFP via Getty Images
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JPMorgan pauses stock buybacks as profits slump

by Kristin Schwab
Jul 14, 2022
CEO Jamie Dimon also cited economic worries, including the Ukraine war and inflation, in the big bank's move to conserve cash.
JPMorgan Chase's quarterly financial results disappointed Wall Street, and CEO Jamie Dimon discussed risks to the economy.
Michael M. Santiago/Getty Images
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Commission-free stock trading has spurred retail investors. But its days might be numbered.

by Justin Ho
Jun 22, 2022
The head of the Securities and Exchange Commission has taken aim at the commission-free business model.
A large part of the boom in retail stock trading has been fueled by the advent of no-commission stock trading.
Spencer Platt/Getty Images
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Shelf Life

Why “the house” always wins on Wall Street

by Spencer Jakab
Feb 8, 2022
In a new book, Wall Street Journal editor Spencer Jakab argues that the GameStop short squeeze did little to change power dynamics on Wall Street.
In a new book, Wall Street Journal editor Spencer Jakab argues that the GameStop short squeeze did little to change power dynamics on Wall Street.
Chris Delmas/AFP via Getty Images
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Corporate boards became more diverse in 2021

by Meghan McCarty Carino
Jan 4, 2022
Representation of women and people from underrepresented racial and ethnic groups increased significantly after 2020's pledges, data shows.
The number of directors from underrepresented racial and ethnic groups jumped by 25% last year, according to data from ISS Corporate Solutions.
PeopleImages via Getty Images
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COVID-19

No noon meetings: Citigroup tries to address burnout

by Meghan McCarty Carino
Oct 20, 2021
Along with protecting the lunch hour, the bank also suggested meetings should be no more than 45 minutes.
Bloomberg reports that Citigroup told staff to reduce meeting times and avoid lunchtime meetings.
Mario Tama via Getty Images
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GameStop

Stirred by GameStop-Robinhood saga, Senate panel explores options for new regulation

by Katherine Wiles
Mar 9, 2021
Banking Committee weighs a financial transaction tax and questions payment for order flow during hearing.
Payment for order flow, a practice used by Robinhood, was also scrutinized during the hearing.
Olivier Douliery/AFP via Getty Images
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