NYU's 'Dean of Valuation' says Peloton is worth only $19 with 'benefit of every doubt'
Peloton is worth $19 a share at most, according to Wall Street's valuation guru.
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Gap to hire fewer workers for holiday season
Gap Inc said on Thursday it plans to hire more than 30,000 seasonal workers for the upcoming holiday season, lower than the 65,000 target the apparel...
New York sues Dunkin' Donuts over cyberattacks
The parent of Dunkin' Donuts was sued on Thursday by New York Attorney General Letitia James, who accused the chain of failing to protect hundreds of...
Wall Street drops as Huawei report, Washington turmoil weigh
Wall Street's main indexes fell on Thursday after a report that the United States is unlikely to extend a waiver allowing American firms to supply China's...
Top telecom CEOs say China is building out 5G network with intense speed
The U.S. might be behind China in the race to 5G, and top American telecom executives are watching.
Commerzbank cuts revenue forecast as board approves overhaul
Commerzbank no longer expects a rise in underlying revenue this year, the German lender warned on Thursday, as its supervisory board approved plans announced last week...
Fitness startup Peloton's shares fall 7% in market debut
Shares of Peloton Interactive Inc , the fitness startup known for on-demand workout programs on its exercise bikes, slid as much as 7% in their market...
Fed's Clarida says inflation expectations in line with mandate
U.S. inflation expectations are currently in line with the central bank's 2% goal, Federal Reserve Vice Chair Richard Clarida said on Thursday, a remark that suggests...
Facebook wins dismissal of investor lawsuit over privacy breach
Facebook Inc and its chief executive Mark Zuckerberg on Thursday won dismissal of an investor lawsuit accusing them of deceiving investors about the likely impact of...
GM reverses decision, will pay striking union workers' healthcare coverage
General Motors Co said on Thursday it will pay for the health insurance of its striking hourly workers, reversing a decision to push the costs onto...
VW in final talks about new plant in Turkey: board member
German carmaker Volkswagen is nearing a decision on building a new plant in Turkey, a board member told reporters in Berlin on Thursday.
In Michigan steel towns, tariffs meant to revive industry cost jobs
Some steelworkers who cheered U.S. President Donald Trump's tariffs on foreign steel last year are now being laid off, an unintended consequence of his America First...
Its leash lengthened, China's yuan flirts with trade war role
China, having let the yuan cross the once sacred red line of 7 per dollar, will allow its currency to fall further and may even risk...
Exclusive: Texas signs ex-Microsoft lawyer, others to aid in Google antitrust probe
The Texas attorney general's office has hired three consultants for a multi-state probe it is leading into Alphabet Inc's Google, including an economist who worked with...
Huawei already producing 5G base stations without U.S. parts: CEO
Huawei Technologies Co Ltd's [HWT.UL] founder and CEO Ren Zhengfei said on Thursday the company is already producing 5G base stations that are free of U.S....