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Stagwell Appoints Bet Kaplan to Board of Directors
Stagwell (STGW) announced the appointment of Bet Kaplan to its Board of Directors. Kaplan previously served as President, Chief Operating Officer and a director of Rent the Runway (RENT).
Peloton Appoints Siddharth Thacker as CFO
Peloton Interactive (PTON) announced the appointment of Siddharth Thacker as the company's CFO, effective June 22, 2026. Thacker will oversee Peloton's global finance organization as well as corporate strategy. Under his leadership, Peloton will maintain its disciplined financial approach while pursuing broader market opportunities across the fitness and wellness landscape and delivering on its plans to return to sustainable, profitable revenue growth. Thacker will join the company following a successful tenure as CFO at Rent the Runway (RENT). Thacker will report to CEO Peter Stern and will be based at the company's New York headquarters. He succeeds interim CFO Saqib Baig, who will remain the company's Chief Accounting Officer.
Rent the Runway Co-Founder Hyman Steps Down as CEO
Rent the Runway announced that co-founder Jennifer Hyman will step down as CEO, president, and board member, effective May 15. She will remain an advisor to the company through January 2027. Teri Bariquit, current board member of Rent the Runway and a 37-year retail veteran, including serving as former chief merchandising officer at Nordstrom, has been appointed interim CEO and president. Bariquit will lead the company alongside the executive leadership team, and with the support of executive chairman Dhiren Fonseca and the board of directors, who will conduct a thorough search for the company's next CEO.
Rent the Runway Reaffirms FY26 EBITDA Margin of 4%-7%
backs FY26 adjusted EBITDA margin 4%-7%. The company said, "Rent the Runway also today reaffirmed the guidance it presented on April 14, 2026, with respect to its full year 2026 results."
Major Averages Rise on Renewed U.S.-Iran Diplomacy Optimism
The major averages closed broadly higher as investors shift from escalation fears to tentative optimism around renewed U.S.-Iran diplomacy. Crude slipped back below the $100 level as signals emerge that both sides are considering another round of negotiations, easing immediate supply fears tied to the Strait of Hormuz. The New York Times has reported that Pakistan is seeking to organize a second round of U.S.-Iran talks this week.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:AmazonGlobalstarfor $90 per share in cash or sharesWells Fargoreported, while big bank rivals Citiand JPMorganboth reported upbeat quarterly earnings and revenueJohnson & Johnsonprovided areport for Q1 and raised its quarterly dividend 3.1%CarMaxreported, noting it plans to open four new stores in FY27Microsoftintends tofor its datacenter in Cheyenne, Wyoming in partnership with Black Hills2. WALL STREET CALLS:Teslato Neutral from Sell at UBSDeutsche BankGeneral Motorsto Buy following pullbackFordto Buy from Neutral at UBSGFL Environmentalto Underweight at JPMorganCraig-HallumFastlyto Hold3. AROUND THE WEB:United AirlinesCEO Scott Kirby has floated the idea of a possible tie-up with American Airlines, Bloomberg reportsDelta Airlineshas removed a pair of key environmental sustainability targets from its web page, deleting its pledge to use sustainable aviation fuel for 10% of its jet fuel by 2030 and rephrased its quest to achieve net-zero emissions by 2050 as an "aspiration," not a goal, Bloomberg reportsAnthropic hired Ballard Partners, a lobbying firm with strong ties to the Trump administration days after the DOD designated the startup a supply chain risk, Bloomberg saysNetflix'shostility to cinematic releases has long since damaged its relationships with theater owners, but co-CEO Ted Sarandos is trying to recover them, NY Times saysU.S. President Donald Trump is pitching the idea of a U.S. naval blockade of the Strait of Hormuz as an opportunity for American oil-and-gas exporters, but the squeeze on supplies will likely poorly impact gas prices at the pump, WSJ says4. MOVERS:Avanoswas higher after announcing itby American Industrial Partners for $25.00 per shareTravere Therapeuticsincreased after announcingBloom Energygained afterwith OracleLucidwas lower after, providing guidance for Q1, and announcing $300M stock offeringAdobe, Figma, and GoDaddyall fell after The Informationthat Anthropic is working on an AI design tool5. EARNINGS/GUIDANCE:Rent The Runwayand provided guidance for Q1 and FY26Albertsons, with EPS beating consensusUnity Bancorp, with CEO James Hughes commenting, "We are pleased to report another strong quarter for Unity Bancorp, highlighted by solid profitability"BlackRock, with EPS and revenue beating consensusBlaizeprovidedand backed its guidance for FY26INDEXES:The Dow rose 317.74, or 0.66%, to 48,535.99, the Nasdaq gained 455.35, or 1.96%, to 23,639.08, and the S&P 500 advanced 81.14, or 1.18%, to 6,967.38.
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