Finance firms, from major banks to fintechs, are starting to make cuts to their work force. Here's who is getting hit the hardest...
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Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey.Michael Loccisano | Getty ImagesPeloton posted a wider-than-expected loss for its fiscal first quarter, as a steep decline in connected fitness products revenue outweighed an increase in subscription revenue.The company's shares fell nearly 10% in morning trading Thursday. As…
Holding out for one of the best Black Friday TV deals? Well, you might not have to. Some of the best deals are already available from the likes of Amazon and Best Buy. As of right now, there's a 48-inch LG OLED TV that's just $569 at Best Buy (opens in new tab) as well as…
The tiny-home craze, where folks embraced minimalism and downsized living, was gaining steam. Marie Kondo had snagged a Netflix show, tiny-home magazines and conventions were spreading like summertime kudzu, and HGTV had a lineup of shows aimed at the enthusiasts. Then COVID-19 hit, and the pendulum swung— hard —in the other direction . Suddenly buyers…
Dan Snyder has retained BofA Securities to sell the Washington Commanders, sources tell Forbes . According to a person familiar with the process, Snyder already has at least four calls from groups interested in buying the team. Snyder and his bankers are exploring all options, and a transaction could be for the entire NFL team…
Topline The shift from daylight saving time to standard time in November is tied to an uptick in car crashes that kill more than 30 people and nearly 37,000 deer each year, according to a study published Wednesday in the journal Current Biology , adding to growing evidence that the biannual changing of the clocks…
Updated Nov 2, 2022, 12:01pm EDT Topline Trump’s legal team wanted Supreme Court Justice Clarence Thomas to rule on their lawsuits challenging the 2020 election because they believed he would be their “only chance” at a ruling that could overturn the results, emails reported by Politico show, as Thomas has already come under fire for…
Updated Nov 2, 2022, 03:39pm EDT Topline The Federal Reserve on Wednesday signaled it may soon ease up on its most aggressive economic tightening campaign in three decades as it raised interest rates by another 75 basis points—further pushing borrowing costs to the highest level since the Great Recession in order to help temper the…
Topline Twitter’s new owner Elon Musk on Wednesday insisted that no decisions will be made on restoring banned Twitter accounts for at least a “few more weeks” as the company tries to put a clear process in place for doing so, amid reports that advertisers are planning to cut back spending on the platform over…
Topline Kanye West made a settlement payment to an employee who alleged the disgraced rapper praised Nazis and mass murderer Adolf Hitler multiple times, and numerous other staffers signed nondisclosure agreements after they overheard him making antisemitic remarks, NBC News reported Wednesday, as West faces widespread public backlash and business fallout for a string of…