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Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters. The beleaguered connected fitness company, which is currently being run by two board members after former CEO Barry McCarthy resigned earlier this year, saw sales grow by 0.2% during its fiscal fourth quarter. While only a modest uptick, it’s the first time Peloton posted year-over-year revenue growth since its 2021 holiday quarter. The company also indicated it’s ready to focus on profitability over growth with signifcant cuts to its marketing and sales spending and meaningful increases to…

The newly announced boss of Starbucks, Brian Niccol, has come under fire after it was revealed he will commute almost 1,000 miles (1,600km) from his family home in Newport Beach, California, to the firm’s headquarters in Seattle on a corporate jet. Critics on social media have noted what they see as a discrepancy between the company’s public stance on green issues and the lifestyles of its top executives.Mr Niccol is due to take up the role at the helm of the world’s biggest coffee shop chain on 9 September.Starbucks has not responded to requests for comment from the BBC.Mr Niccol’s…

Dimitrios Kambouris/Getty Images for Warner Bros. Discovery When Mindy Kaling took the stage at the Democratic National Convention, she could not resist delivering a special message to Ben Affleck. Kaling, 45, addressed the delegation of her home state of Massachusetts at the DNC in Chicago on Wednesday, August 21, a day after Affleck’s estranged wife, Jennifer Lopez, filed for divorce after two years of marriage. “I love you, Massachusetts!” the actress and producer said, drawing wild applause. “Everyone is always hating on us. But they just don’t get it. Go Sox! … Ben Affleck, hang in there! Dunkin Donuts, you’re…

The CEO of Douglas Elliman was elected a director of the company alongside David K. Chene and Patrick J. Bartels during an annual stockholders meeting on Wednesday, much to the dismay of some disgruntled stockholders. Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. During an annual stockholders meeting on Wednesday morning, Douglas Elliman stockholders did not call for Howard…

When Claudia Shivers thinks of a great cup of coffee, she imagines the home kitchen of her grandmother, Queen Esther. The air would be warm from the heat of the oven and she can almost smell her grandmother’s fresh-baked blackberry cobbler.Shivers, 49, is a founder of Queen Coffee Bean, a coffee company in High Point, North Carolina. Her menu is creative — customers can flavor their espresso drinks with Ethiopian cinnamon buttercream, candy apple, chocolate cherry, and more. The coffee shop is cozy, often cluttered with board games and customers who like to stay and talk for a while. Shivers…

Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm. Source link

(CelebrityAccess) — The Armed, the Detroit-based hardcore-punk band, announced the cancellation of their upcoming tour with ho9909 amid financial challenges. “This is incredibly painful to do. But the domino effect of some cancellations beyond our control (weather, health, etc) in combination with some personal emergencies had forced costly, drastic pivots over the summer. This led to a financial situation that we were hoping to quietly outmaneuver in the background over the last couple of months. However, as the tour moving into pre-production has called for resources we simply do not have, we’ve had to…

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina, didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. Having experience in the health care field prior to entering the mortgage business, it mainly meant reorienting himself from serving the physical health needs of older Americans to now serving their financial health needs. Heilman recently sat down with HousingWire’s Reverse Mortgage Daily (RMD) to go over his journey into the business for the newest edition of the ongoing “Origins” series, which traces the paths that…

A photo shows the company’s logo on the headquarters of Danish biotechnology company Bavarian Nordic in Hellerup, north of Copenhagen.Liselotte Sabroe | Afp | Getty ImagesShares of Danish biotech company Bavarian Nordic jumped more than 12% in early deals on Thursday after it reported stronger-than-expected earnings and announced a bumper vaccine order from an unnamed European country amid the ongoing mpox outbreak.Bavarian Nordic reported second quarter revenues of 1.43 billion Danish krone ($213 million) and operating profit of 420 million krone, ahead of analyst expectations cited by Reuters.Shares were up 11.3% by 9:44 a.m. London time.In a statement on Wednesday,…

Israeli forces have carried out near-daily raids in the territory, killing more than 600 Palestinians since October.Three Palestinians have been killed in an Israeli air attack on a house in the Tulkarem refugee camp in the occupied West Bank, the Palestinian Ministry of Health says. The attack on Thursday came as the Qassam Brigades, the military wing of Hamas, said fighters from its Tulkarem Battalion clashed with Israeli soldiers in the camp and detonated explosive devices targeting military vehicles. “Our fighters continue to clash with the occupation forces and we have achieved direct hits among them,” the Qassam Brigades said.…