Clothing inside a Peloton store in Palo Alto, California, US, on Monday, Aug. 5, 2024. David Paul Morris | Bloomberg | Getty Images Peloton on Thursday said it has appointed a Ford executive to be its next CEO and president. Peter Stern, the president of Ford Integrated Services, primarily oversaw the automotive company’s subscription services, … Read more
A Peloton bike is displayed at a Dick’s Sporting Goods store on May 08, 2024 in Daly City, California. Justin Sullivan | Getty Images Peloton is back to generating free cash flow and is edging within reach of profitability as the connected fitness company reigns in costs and looks to improve the unit economics behind … Read more
With its manufacturing practices under scrutiny, its machinists on strike and losses piling up, Boeing is said to be considering selling parts of its fabled space business. But few industry analysts think Boeing will put its extensive El Segundo satellite operations on the table. New Boeing Chief Executive Kelly Ortberg said during a recent earnings … Read more
On the corner of a busy intersection in Culver City, an oversize inflatable witch and racks of costumes draw in customers to Robinson Beautilities. Inside, overflowing bins of accessories sit among packaged costumes and novelty items. Although the shop’s costume rental service is open year-round, business triples in October, co-owner Dan Levin said. For many … Read more
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast reports its third-quarter earnings before the bell Thursday. Wall Street will once again be focused on subscriber numbers and growth for both broadband and streaming platform Peacock. Investors in recent quarters have homed in on the broadband … Read more
Two 20-something New Yorkers have added an entirely new dimension to the 2024 presidential election: legal betting. The new platform Kalshi offers the first legal election betting in the US in over a century. Its founders believe it will give voters more transparency and make them feel more involved in the process. “It’s actually the … Read more
SEOUL, South Korea — Samsung Electronics on Thursday reported progress on a major supply deal for artificial intelligence-focused chips, aiming to reassure investors following a slowdown in semiconductor profits during the last quarter. The South Korean technology giant said its operating profit for the July-September period increased by more than 277% from a year earlier … Read more
WASHINGTON — For the millions of Americans on the radar of the Kamala Harris and Donald Trump campaigns and those of their allies, the apocalypse is only a text message away. The very future of the republic is at stake, some of the texts say and many others imply. But you — yes, YOU, Sally, … Read more
MILAN — MILAN (AP) — Troubled carmaker Stellantis on Thursday reported a 27% plunge in net revenues during the third quarter as gaps in launching new product s and action to reduce inventories slashed global shipments of new vehicles by 20%. The world’s fourth-largest carmaker, created by the 2021 merger of PSA Peugeot and Fiat … Read more
The Budget will hit living standards in the short-term as the government hopes to drive economic growth in the longer-term, according to the Resolution Foundation think tank. Chancellor Rachel Reeves’ decision to increase taxes and borrowing to raise funding for public services and investment are a clear move away from the cuts set out by … Read more