For all the outcry about the Peloton holiday ad, some of the company’s enthusiasts are scratching their heads. Haworth told CNBC her Peloton bike, a birthday gift last year, has helped her prioritize her health as she juggles work, family and everything else. While Peloton has been widely criticized this week, she and other Peloton users are defending the ad and the company behind it. “I love this ad, because, in it, I see me,” she wrote, sharing the posts to the official Peloton member group on

In other words, big health-care stocks have underperformed the broader stock market to a greater degree since May whenever investors believed Warren’s odds of nomination are rising. The exchange-traded fund follows the stock performance of big, household U.S. health-care names including Johnson & Johnson, Pfizer and UnitedHealth. In fact, health-care stocks have been among the worst-performing sectors this year, rising just 6.8% over the last 12 months compared with the market’s 15.1%. “Meanwhil

Attorneys for President Donald Trump asked the Supreme Court to hear arguments in a case over whether his longtime accounting firm will be required to turn over his financial records to Congress, Trump attorney Jay Sekulow said Thursday. The petition, authored by William Consovoy, argues that the court should hear the case because it “raises important separation-of-powers questions concerning Congress’s authority to subpoena the personal records of a sitting President for legislative purposes.”

IAG Cargo, the cargo handling division of British Airways parent International Airlines Group, says it has carried out a trial of autonomous drone technology at a warehouse in the Spanish capital of Madrid. A cargo business which serves more than 350 destinations globally, IAG Cargo employs over 2,400 people. When required, the drones used by IAG Cargo automatically fly back to charging stations to self-charge. In September, autonomous drone technology was used to deliver diabetes medication to

With oil-producing nations looking to put a floor under prices, mulling perhaps the deepest output cuts this decade to prevent a glut, sources close to Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman say he is primarily focused on building consensus. “This meeting will likely showcase HRH’s formidable velvet glove skills,” said Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets”He is used to brokering deals behind the scenes and brings the ful

OPEC kingpin Saudi Arabia has denied pursuing a deeper round of production cuts, one senior oil official told CNBC on Thursday, despite intense speculation the global oil-producing group was on the cusp of imposing further output curbs. The oil-rich kingdom was widely considered to be pushing for other OPEC members to sign up for at least an additional 400,000 barrels per day (bpd) of production cuts. But, one anonymous Saudi oil official told CNBC on the sidelines of a meeting in Vienna, Austri

Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad. The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold. Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday. Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price. U.S. advertising spending continues to o

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.” Apple shares rose 0.7% in premarket trading from its previous close of $261.74. Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels. “We believe consensus is underappreciating the Apple Watch and Apple Air

Goldman said China would be a key driver of growth for Nike. “We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital. In this report, we present a deep dive analysis across several facets of the Nike model. In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled om

Ex-con man says every scam has one of these red flags1 Hour AgoEx-con man Frank Abagnale, made famous in the movie “Catch Me If You Can,” says technology may have changed the ways scammers operate, but it has not changed how scams work. Watch this video to learn about the two red flags you will see in almost every scam.

Stifel is betting on Facebook and Alphabet as businesses increasingly spend more on advertising both in the U.S. and abroad. The firm upgraded shares of Google’s parent company Alphabet and social media giant Facebook to buy from hold. Stifel hiked its price target for Alphabet to $1,525 from $1,325, a 14% upside to the stock’s closing price on Wednesday. Stifel raised Facebook’s price target to $240 from $215, a 20% upside from Wednesday’s closing price. U.S. advertising spending continues to o

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.” Apple shares rose 0.7% in premarket trading from its previous close of $261.74. Citi has a buy rating on Apple and the firm’s new price target represents a 15% climb in the stock from its current levels. “We believe consensus is underappreciating the Apple Watch and Apple Air

Shares of biotech Aurinia Pharmaceuticals surged on Thursday after the company announced positive results from a trial for its lupus-related drug. Some analysts expect the stock to quadruple on the better-than-expected trial results. “The data were better than we expected,” Alethia Young, biotech analyst at Cantor Fitzgerald, said in a note on Thursday. “We think that shares will be up at least 300-400% based on this news. If we conservatively assume VCS is a $1B drug, we think that investors co

About 2 in 3 companies anticipate giving workers a year-end bonus or perk, according to new data from Challenger, Gray & Christmas. Consider that a quarter of the HR professionals polled anticipate rewarding select workers with a year-end performance bonus, Challenger found. Depending on the size of the payment, getting a bonus could bump you into an even higher income tax bracket. By deferring receipt of the money, you lower your income tax obligation for 2019. Withhold moreThe IRS has been ban

You decide on an amount in advance and use the funds throughout the year to pay for medical expenses. But you have to use the money by a certain date — generally as soon as Dec. 31 — or it’s gone. Now might be a good time to stock up on travel sizes of eligible items, such as contact lens solution. These items qualify for FSA spending, but you must have a doctor’s written prescription. But if you want to pay for them out of flex spending, you’ll need one.

Discount store operator Dollar General raised its full-year profit forecast on Thursday after reporting its best quarterly same-store sales rise in nearly five years, benefiting from a wider selection of products and revamped stores. The efforts boosted same-store sales growth to 4.6% in the third quarter ended Nov. 1, above the average analyst estimate of 3.34% increase, according to IBES data from Refinitiv. The company now expects full-year same-store sales to grow in the mid-to-high 3% range

Tiffany shares were down slightly on Thursday after the luxury jeweler reported earnings and revenue that fell short of analyst expectations. Revenue was unchanged at $1.015 billion from a year earlier, but lower than the $1.037 billion analysts were expecting. The earnings report came a week after French luxury giant LVMH reached a deal to acquire Tiffany for $16.2 billion, or $135 a share, in cash. For its fiscal year ending Jan. 31, 2020, Tiffany was originally calling for net sales globally

Honoree Hal Lawton accepts award on stage during the 2019 Fashion Scholarship Fund Awards Gala on January 10, 2019 in New York City. Macy’s said Thursday that the president of the department store chain, Hal Lawton, is resigning, effective Friday. Lawton will be leaving to join Tractor Supply as its CEO, succeeding Greg Sandfort, effective Jan. 13. He will also join Tractor Supply’s board. Before joining Macy’s in 2017, Lawton, 45, was a senior vice president of North America for eBay.

Target is bolstering its presence in the Big Apple with a store in the heart of Times Square, CNBC has learned. The discount retailer has signed a lease to open a small-format store on 42nd Street between 7th and 8th Avenues. The store, projected to open in 2022 at roughly 33,000 square feet, will be Target’s 10th small-format shop in the Manhattan area. Its small-format shops can be as tiny as 15,000 square feet, with the average being 40,000 square feet, or a third of a full-size store. That w

CVS CEO Larry Merlo: We are a health-care company todayCVS CEO Larry Merlo joins CNBC’s “Squawk Box” team to discuss the company’s progress after its merger with Aetna.