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PELOTON RESULTS
Peloton cuts 11% of jobs, with engineering teams getting hitPeloton Interactive, the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move. The cutback mostl...- Why are stock markets down today? Key reasons as Nasdaq, S&P 500, Dow fallU.S. Stock Market today: Nvidia shares and Broadcom stocks fell 2.8 per cent and 2.2 per cent, respectively. The information technology sec...
- Tour de France 2024 Stage 2 Winners: Yellow Jersey leader board, Who is winning?Tour de France 2024 stage 2 winners have announced as the race for the prestigious Yellow Jersey is getting pulsating. There will be a tota...
- US container imports tumble as supply stress gives way to slackContainer import volumes across all U.S. ports hit an all-time high in May and pulled back slightly before plunging in August and September.
- Peloton net loss widens amid turnaround effortsPeloton's shares tumbled more than 14% to $11.59 in premarket trading.
- Ecommerce company Wayfair CEO Niraj Shah lays off 870 peopleWayfair is also in the process of making substantial reductions in its third-party labour costs.
- Direct-to-consumer companies hit severely in USBrands like Warby Parker, Stitch Fix, FIGS Inc, and Allbirds Inc. pioneered a new type of retail by retailing "direct to consumer" – on the...
- Wall Street ends lower as Meta Platforms weighsAmazon.com Inc rose 0.2% after expanding its market capitalization by around $190 billion on Friday on the back of blowout earnings.
- 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.
- Netflix, Peloton latest among market's pandemic stars to lose shineNetflix shares fell as much as 23% on Friday, the biggest drop since October 2014, while Peloton shares climbed 17% on the Nasdaq, reversin...
- View: Who are the winners of remote work?Some employees and freelancers who can work remotely will have vastly expanded opportunities and the possibility of significant increases i...
- 'Reopening' stocks give S&P 500, Dow strong footing, tech names lagThe Dow Jones Industrial Average rose 0.7 per cent to close at 34,113.23 points, while the S&P 500 gained 0.27 per cent to 4,192.66. The Na...
- Stock surge produces record 5 tycoons with $100 billion fortunesFor all of its tumult and crises, 2020 has been a banner year for the world’s richest. The 500 people tracked by the index have added $1.2 ...
- Lockdown winners fade as reopen trade roars after Covid dataZoom Video Communications Inc. plunged 16% in early trading, while Peloton Interactive Inc. slumped 13% and Netflix Inc. was down 5% as inv...
- Private, online and hi-tech: The coronavirus economyAs hundreds of millions of people worldwide are forced to stay in their homes and not travel abroad, the businesses that are helping them t...
- Peloton, Endeavor duds give IPO bankers another black eyeThis trend, notable in the declines of Uber and Lyft, has accelerated in recent weeks, with SmileDirectClub posting the worst opening trade...
- Cycling: Dillier delivers after long breakaway, Jungels stays pinkCYCLING-GIRO:Cycling: Dillier delivers after long breakaway, Jungels stays pink
- Cycling-Dillier delivers after long breakaway, Jungels stays pinkCYCLING-GIRO/ (TV):Cycling-Dillier delivers after long breakaway, Jungels stays pink
- UPDATE 1-Cycling-Porte clinches first Tour Down UnderCYCLING-AUSTRALIA/ (UPDATE 1, TV):UPDATE 1-Cycling-Porte clinches first Tour Down Under
- Cycling-Porte clinches first Tour Down UnderCYCLING-AUSTRALIA/ (TV):Cycling-Porte clinches first Tour Down Under
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