Peloton shares surge 15% as it partners with TikTok to offer short-form fitness classes, other content

Peloton shares surge 15% as it partners with TikTok to offer short-form fitness classes, other content

Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall.  The partnership will create a new fitness hub on the social media platform dubbed “#TikTokFitness…

Online holiday spending jumps nearly 5% to record, Adobe Analytics says

Online holiday spending jumps nearly 5% to record, Adobe Analytics says

A UPS worker sorts packages in New York on Dec. 18, 2017. Adam Jeffery | CNBC Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics. Sales…

Ford reports 7.1% increase in U.S. new vehicle sales as industry marks best year since 2019

Ford reports 7.1% increase in U.S. new vehicle sales as industry marks best year since 2019

2024 Ford F-150 PowerBoost Platinum hybrid Ford DETROIT – Ford Motor’s U.S. sales increased about 7% last year, marking the automaker’s best sales since 2020 but coming in lower than the overall industry’s growth. Ford on Thursday reported sales of nearly 2 million vehicles in 2023, a 7.1% increase from the previous year. The company…

JD Sports shares plunge 20% after profit warning

JD Sports shares plunge 20% after profit warning

Shares in JD Sports have plummeted by more than 20% after the sportswear seller issued an profit warning. The company said its profits would be about £125m lower than previously predicted after a worse-than-expected festive trading period. It blamed more promotions and price discounting than anticipated, which it said reflected “more cautious consumer spending”. It…