Peloton to Stop Making Its Own Bikes, Treadmills
Peloton will stop making its own interactive stationary bikes and treadmills, outsourcing those duties to a Taiwanese manufacturer as it attempts to revive sales that surged during the pandemic.
Peloton will stop making its own interactive stationary bikes and treadmills, outsourcing those duties to a Taiwanese manufacturer as it attempts to revive sales that surged during the pandemic.
Twitter sued Tesla CEO Elon Musk on Tuesday to force him to complete the $44 billion acquisition of the social media company.
London’s Heathrow Airport is capping daily passenger numbers for the summer and telling airlines to stop selling tickets as it steps up efforts to quell travel chaos caused by soaring travel demand and staff shortages.
Stocks on Wall Street closed lower Tuesday as investors brace for a big week of news on inflation and company earnings reports.
Shares of Twitter are down more than 11% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company.
BATTLE CREEK, MICH. — The Kellogg Co. is partnering with cable channel Nickelodeon to launch Apple Jacks Slime cereal in a green apple flavor. The cereal features the classic orange and green Apple Jacks cereal loops with the addition of green specks that turn milk a bright green shade, the same color as the Nickelodeon channel’s infamous slime.
St. Louis Federal Reserve president James Bullard says last week’s jobs report points to a solid U.S. economy with little sign of a recession on the horizon and one that can withstand higher interest rates.
HOUSTON — Wholesale restaurant food distributor Sysco Corp. filed a lawsuit against the world’s largest meat processors, claiming they colluded to fix beef prices.
As Uber pushed into markets around the world, the ride-sharing service lobbied political leaders to relax labor and taxi laws and used a “kill switch″ to thwart regulators and law enforcement.
The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool.