Peloton CEO Barry McCarthy steps down, 15% of staff laid off
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho. Kevin …
business news
India’s economic growth rate has some ‘fluff’: former RBI governor
There is some ‘fluff’ in India’s economic growth rate, according to former Reserve Bank of India Governor Raghuram Rajan. This isn’t a reflection of “pessimism” as “even 6-6.5% growth is …
Wayfair (W) earnings Q1 2024
The Wayfair app on a smartphone arranged in Hastings-on-Hudson, New York. Tiffany Hagler-Geard | Bloomberg | Getty Images Wayfair’s sales slid during its first fiscal quarter, but the online furniture …
Tanger CEO explains upside in replacing tenants, luxury brand appeal
Tanger CEO Stephen Yalof told CNBC’s Jim Cramer on Wednesday why it can be more valuable to replace tenants instead of renewing leases. “We’ve traditionally, at least over the last …
Moderna (MRNA ) earnings Q1 2024
Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company’s cost-cutting efforts took hold and sales of its Covid …
Spain’s Deoleo says olive oil sector faces one of its toughest moments
Extreme hot weather and persistent drought conditions have dealt a severe blow to olive oil production in southern Europe, resulting in a significant surge in prices. Anadolu | Anadolu | …
A shortage of olive oil has fueled a record price spike
Extreme hot weather and persistent drought conditions have dealt a severe blow to olive oil production in southern Europe, resulting in a significant surge in prices. The effects of these …
Taylor Swift label UMG agrees licensing deal with TikTok, ending spat
Taylor Swift attends the 66th GRAMMY Awards at Crypto.com Arena on February 04, 2024 in Los Angeles, California. Neilson Barnard | Getty Images Universal Music Group, the record label for …
Novo Nordisk earnings Q1 2024; Wegovy sales double
The injectable weight-loss medication Wegovy is available at New City Halstead Pharmacy on April 24, 2024 in Chicago, Illinois. Scott Olson | Getty Images Novo Nordisk, which became the most …
Russia accused of using chemical weapons in Ukraine, in breach of ban
Servicemen of the National Guard of Ukraine undergo training to storm enemy trenches using simulation equipment as the war between Russia and Ukraine continues in Kharkiv Region, Ukraine on February …