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PELOTON PRODUCTION HALT
Wall Street ends higher, with all eyes on Jackson HoleInvestor are now focused be on the Jackson Hole symposium that begins on Thursday, with remarks from Fed Chair Jerome Powell on Friday pote...- Amazon is exploring offer for Peloton, source says; report says Nike also weighing bidMeanwhile, the Financial Times reported late on Friday that sportswear company Nike Inc is also evaluating a bid for Peloton.
- Nasdaq extends declines to fourth day on Netflix letdownNetflix Inc plunged 22.7 per cent after the streaming giant fell short of market forecast for new subscribers at the end of last year and o...
- Peloton loses $2.5 billion in market value after report on production pauseShares in the exercise bike maker, once a pandemic darling, closed down 24% at about $24, wiping off nearly $2.5 billion in market value.
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