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Lora Kelley
Posts
Trying to Sell Your Old Peloton Bike? So Is Peloton.
As its business slumps, Peloton is trying something new: selling its bikes to “value-minded” customers. It faces stiff competition.
How Will the Student Loan Forgiveness Plan Affect You?
We want to hear about what President Biden’s debt cancellation plan means for your life and finances.
Peloton Reports a $1.2 Billion Loss as Sales Slow
The maker of exercise bikes attributed part of the loss to restructuring charges related to supply chain and inventory problems.
Wayfair Will Lay Off 870 Workers After a Drop in Sales
The online furniture retailer boomed in the early months of the pandemic, but it has failed to maintain that momentum.
Heathrow Airport in London Extends Passenger Limits to October
The airport said the cap had led to fewer cancellations, shorter wait times and better punctuality.
Peloton Will Slash Jobs and Raise Prices in Turnaround Effort
The maker of fitness bikes, once a pandemic darling, said it would reduce its retail footprint and end its last-mile delivery network in a cost-cutting…
Major Indiana Employers Criticize State’s New Abortion Law
The drug company Eli Lilly said it “will be forced” to look outside the state for employment growth. The engine maker Cummins said the law…
Robinhood Lays Off 23 Percent of Its Staff, Blaming Crypto Meltdown
The trading app that helped drive the meme stock frenzy announced staff cuts for the second time this year.
Newsmax Renews Deal to Be Carried by Verizon’s Fios
Both Newsmax and OAN are known for their loyalty to Donald Trump, and for serving as platforms for his debunked claims of rampant voter fraud…
Vince McMahon Announces Retirement Amid W.W.E. Misconduct Investigation
The company’s leader for 40 years, he was under scrutiny after a report of a $3 million settlement with an employee.