Peloton appoints Apple Fitness Plus cofounder as new CEO
Peloton’s got a new head honcho. The company announced that Ford executive Peter Stern will take over as CEO and President starting January 1st. Stern previously worked […]
Donald Trump’s net worth plunges by more than $1 billion in one day as his meme stock tanks
Donald Trump’s meme stock suffered its worst day ever, blowing a sizable hole in the Republican nominee’s personal fortune. Shares in Trump Media and Technology […]
Comcast Exploring Spinoff of NBCU Cable Networks Into New Company
Comcast, amid the upheaval in the TV biz caused by cord-cutting, is considering spinning off NBCUniversal‘s portfolio of cable networks into a new publicly traded company. […]
Microsoft Stock Slips To Worst Day In Years Despite Record Earnings
Microsoft’s third calendar quarter earnings were the most robust in the company’s five-decade history, though the Washington-based computing colossus indicated it may get less of […]
The Fed’s favorite inflation index just cooled again
Inflation has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the […]