In July, the housing market witnessed a notable shift as closed sales of previously owned homes experienced an uptick. According to the National Association of Realtors, these sales rose by 1.3% when compared to June, reaching a seasonally adjusted, annualized rate of 3.95 million units. This increase marked the first gain in five months, although it’s important to note that sales were still 2.5% lower compared to the same period last year.

Peloton has made an important announcement regarding its subscriber model. On Thursday, it revealed that new subscribers who purchased their fitness hardware through the secondary market will now be charged a one-time $95 activation fee. This decision comes in response to the growing trend of consumers opting to buy lightly used Peloton equipment at a much lower cost compared to the typical retail prices. The Rise of Secondary Market Subscribers The activation fee is applicable to subscribers in the U.

The Food and Drug Administration (FDA) took a significant step on Thursday by approving updated Covid vaccines from Pfizer and Moderna. With the virus experiencing a summer surge, these new shots are set to reach a large number of Americans in the coming days. Vaccine Target and Effectiveness The newly approved vaccines target a strain known as KP.2, which is a descendant of the highly contagious omicron subvariant JN.1 that started circulating widely in the U.

Peloton, the once-struggling connected fitness company, is showing signs of a significant turnaround. On Thursday, the company announced that it’s emerging from the red, achieving a slight sales increase for the first time in nine quarters while also reducing its overall losses. This positive news led to a remarkable 35% spike in its shares on the same day. Quarterly Performance Highlights Sales Growth: During its fiscal fourth quarter, which ended on June 30, Peloton managed to grow its sales by 0.

Macy’s, a well-known department store operator, has faced significant hurdles as it tries to navigate the current retail landscape. On Wednesday, the company slashed its full-year sales forecast, citing difficulties in attracting shoppers who have become more selective and the need for increased promotions. Adjusted Forecast and Expectations The retailer’s updated full-year net sales forecast now ranges between $22.1 billion and $22.4 billion. This is lower than the previous anticipated range of $22.

The future of Paramount Global hangs in the balance as the company navigates a complex web of merger offers. On Wednesday, Paramount’s special committee announced a significant move: it would extend by 15 days the pre-agreed “go shop” period of its merger deal with Skydance. This decision comes as the committee meticulously assesses a competing bid from Edgar Bronfman Jr. Bronfman initially entered the fray late on Monday, presenting a $4.

In the ever-evolving fitness landscape, a significant shift is underway as an increasing number of gym-goers set their sights on building muscle. This growing trend has spurred major fitness companies to recalibrate their strategies, moving beyond the traditional focus on cardio workouts. Life Time’s annual survey of 3,000 respondents revealed a striking finding: for 2024, building muscle emerged as the top fitness goal, surpassing weight loss and general movement. This revelation has sent ripples through the industry, prompting companies like Peloton and Planet Fitness to take notice and adapt.

In the highly competitive retail sector, there is simply no place for price gouging, declared Target CEO Brian Cornell on Wednesday. During an interview on CNBC’s “Squawk Box,” the retail leader firmly refuted the campaign accusations that grocers have been inflating prices. He emphasized that retailers must be acutely responsive to customers’ needs; otherwise, they risk losing valuable business. CNBC’s Joe Kernen brought up the remarks made by Democratic presidential nominee Vice President Kamala Harris and posed the question to Cornell: whether Target or its competitors have ever reaped benefits from price gouging.

In the ever-evolving retail landscape, Foot Locker has been on a journey of transformation, striving to adapt and thrive. On Wednesday, the company announced a significant milestone as its comparable sales grew for the first time in six quarters. This growth, a 2.6% increase in same-store sales during its fiscal second quarter, surpassed the 0.7% uptick that analysts had expected according to StreetAccount. Moreover, its gross margin expanded for the first time in over two years, signaling positive progress in its financial health.