CNBC Business

Peloton said it expects to slash roughly $800 million in annual costs and reduce capital expenditures by about $150 million this year.

Peloton on Tuesday slashed its financial outlook for the full year as the company announced CEO John Foley will be stepping down.

"We're optimistic for the balance of the year," Edgewell Personal Care CEO Rod Little told CNBC on Tuesday, as the company's stock sold off post-earnings.

Pfizer expects to sell $32 billion of its Covid-19 shots and $22 billion of its antiviral coronavirus treatment pill Paxlovid.

The Italian automaker's new subcompact Tonale SUV will include a NFT and based on blockchain technology, the company said Tuesday.

The L.A. District Attorney's Office had been probing the woman's claims against Dodgers pitcher Trevor Bauer, which were made last summer.

The Department of Defense has warned that climate change poses a threat to U.S. military operations and will cause new sources of global political conflict.

Former Spotify CFO Barry McCarthy is replacing Peloton co-founder John Foley as chief executive officer.

The downgrade was due to GM's 2022 guidance being "well below" Morgan Stanley's forecast as well as concerns over the pace of the automaker's EV transition.

"We own it. I own it. And we are holding ourselves accountable," Peloton founder John Foley. "That starts today."

"I think the chances are very high FDA to approve it," Bourla told CNBC, saying he believes the agency will be pleased with the data.

"I'm very, very optimistic that we're going to have another great year in 2022," the Toyota North America sales chief told CNBC on Tuesday.

The only Johnson & Johnson facility making usable batches of the company's Covid vaccine has temporarily halted its production, The New York Times reported.

Most EV start-ups that went public through SPAC deals have performed horribly in 2022 – falling by double-digits and trading at or near 52 week lows.

"Money disorders" is an umbrella term for recurring problems people have with their finances. Here's how to identify if you have a problem.

The 2022 Super Bowl between the Cincinnati Bengals and the Los Angeles Rams could reach 117 million viewers, according to demand-intelligence company PredictHQ.

The nominations for the 94th annual Academy Awards were announced Tuesday morning.

While "Power of the Dog," "Dune" and "West Side Story" nabbed Academy Award nominations on Tuesday, there are many films and actors that didn't make the list.

U.S. government officials said synthetic opioids are akin to “a slow-motion weapon of mass destruction.”

U.S. stock futures were relatively flat Tuesday. The 10-year Treasury yield rose to 1.96%, a high not seen since November 2019.