Peloton shares hit a two-year low Thursday after CNBC reported the group will temporarily pause production of its connected fitness equipment amid a “significant” slump in consumer demand. Peloton (PTON) – Get Peloton Interactive, Inc. Read more…
Mayor Eric Adams says he wants New York to be ‘the center of cryptocurrency.’ The Big Apple is going crypto. New York City Mayor Eric Adams said Thursday that his first paycheck will be automatically converted Read more…
Major companies, like Goldman and Citi, are asking workers to return to their offices after the U.K. government dropped its work-from-home guidance. Goldman Sachs (GS) – Get Goldman Sachs Group, Inc. Report, Citigroup (C) – Read more…
The Chicago and New York City areas each had eight of the most at-risk housing counties on a list created by data firm Attom. New York City and Chicago top an ignominious list: areas where Read more…
The share of adults who said they bet on sports, regardless of frequency, rose to 25% in December from 20% in January. Legal sports betting had a banner year in 2021 as the more than Read more…
The owner of Facebook and Instagram is preparing to ride the NFT wave, says a report. NFTs are about to hit Facebook and Instagram. Social media giant Meta Platforms (FB) – Get Meta Platforms Inc. Read more…
Piper is concerned about a slowdown in the PC market and the vulnerability of high-growth technology stocks. Advanced Micro Devices AMD, the semiconductor giant, was downgraded Thursday by Piper Sandler to neutral from overweight. “Our Read more…
The euro is steady on Thursday, as EUR/USD trades at 1.1330 in the North American session. Eurozone CPI hits 5.0% Inflation has been the buzzword across the major economies, boosted by soaring energy costs and Read more…
Investment firm Keybanc cited ‘lack of stimulus tailwinds and continued inflationary pressure’ for Walmart. It prefers Target in the short term. Retail titan Walmart (WMT) – Get Walmart Inc. Report was downgraded by KeyBanc to sector Read more…
It is now universally accepted that the pandemic-induced surge in inflation is no longer looking very transitory and central banks around the world are starting to hit the panic button. The US Federal Reserve is Read more…