Stock Market

Business • Consumer & Service
Peloton announced its first-ever quarterly profit amid Covid-19 pandemic-demand spike
Peloton Bike
Peloton Bike Credit: Peloton

Peloton, the connected fitness-equipment company, reported a fiscal fourth-quarter profit of $89.1 million, the first-ever since the company went public a year ago. The company revenue totalled $607.1 million, up from $223 million a year ago.

During a conference call Thursday, the company CEO James Foley said: "The strong tailwind we experienced in March as the COVID-19 pandemic took hold has continued to propel the demand for our products into the fourth quarter and the first couple of months of the Q1 fiscal year 2021."

Business • Economy
Report: 45 of 58 Austrian publicly traded companies have all-male boards
Report: 45 of 58 Austrian publicly traded companies have all-male boards
Credit: unsplash.com / M. B. M.

According to a report from the consultancy Ernst & Young out of 58 Austrian companies that are publically traded at the stock exchange, only 13 have a female board member. In total out of 191 board members, only 14 are female.

Every fourth company does not fulfill the quorum of 30%.

Business • Markets
German startup factory Rocket Internet to delist its shares from the Frankfurt and Luxembourg Stock Exchanges
Rocket Internet Logo
Rocket Internet Logo Credit: Rocket Internet

Almost six years after its IPO, German startup factory Rocket Internet announced Tuesday its plan to delist its shares from the Frankfurt and Luxembourg Stock Exchanges.

The company, now valuated at 2.6 billion, is offering investors 18.57 euros per share.

Technology • Internet & Web
Apple becomes first U.S. company to reach a $2 trillion market cap
Apple becomes first U.S. company to reach a $2 trillion market cap
Credit: Apple

Apple hit a market cap of $2 trillion Wednesday, doubling in valuation in just over two years to become the first publicly traded U.S. company to reach the milestone.

The stock market value of Apple company has doubled since March in the midst of the technology rush and equals the Italian GDP.

Transportation • Cars & Automobiles
Tesla stock falls after CEO tweets "stock price too high"

The CEO of the car company Tesla, Elon Musk, has tweeted that in his opinion the stock price for his company is "too high". Following this, the market value of the company has fallen around $14 billion, with Elon Musk's personal loss being around $3 billion.