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Peloton revamps equipment, launches commercial unit and raises prices ahead of holidays

Peloton revamps equipment, launches commercial unit and raises prices ahead of holidays

Business News

The entrance to the Peloton offices in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Peloton on Wednesday said it’s relaunching its product assortment, introducing a commercial equipment line and raising prices for both subscriptions and hardware as the company looks to reignite growth ahead of the holiday shopping season.  The revamped assortment includes […]

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Nike posts surprise sales growth but turnaround work is far from over

Nike posts surprise sales growth but turnaround work is far from over

Business News

Nike on Tuesday posted surprise sales growth in its fiscal first quarter, but the sneaker giant still has work ahead to execute its turnaround. The company said revenue rose 1% in the three months ended Aug. 31, after previously saying it anticipated sales would fall by a mid-single digit percentage in the period. Still, Nike’s

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Spirit Airlines touts ‘massive progress’ in bankruptcy

Spirit Airlines touts ‘massive progress’ in bankruptcy

Business News

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California.  Kevin Carter | Getty Images News | Getty Images WHITE PLAINS, N.Y. — Spirit Airlines is making “massive progress” to revitalize the airline, the carrier’s restructuring lawyer Marshall Huebner said in a

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Amazon Prime Video teams up with FanDuel for real-time betting updates during NBA games

Amazon Prime Video teams up with FanDuel for real-time betting updates during NBA games

Business News

DeMar DeRozan #10 of the Sacramento Kings is defended by Jose Alvarado #15 of the New Orleans Pelicans during the second half of a game at the Smoothie King Center on February 12, 2025 in New Orleans, Louisiana. Derick E. Hingle | Getty Images Basketball fans watching on Prime Video this season will be able

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Nvidia’s market cap tops .5 trillion after string of AI infrastructure deals

Nvidia’s market cap tops $4.5 trillion after string of AI infrastructure deals

Finance News

Nvidia CEO Jensen Huang attends the “Winning the AI Race” Summit in Washington D.C., U.S., July 23, 2025. Kent Nishimura | Reuters Nvidia shares reached a fresh record on Tuesday, climbing almost 3% and lifting the chipmaker’s market cap past $4.5 trillion. The stock is now up about 39% for the year, and continues to

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Ford CEO expects EV sales to be cut in half after end of tax credits

Ford CEO expects EV sales to be cut in half after end of tax credits

Business News

James Farley, CEO, Ford speaks onstage during the Reindustrialize Conference 2025 on July 16, 2025 in Detroit, Michigan. Tasos Katopodis | Getty Images DETROIT – Ford Motor CEO Jim Farley said he expects demand for all-electric vehicles to be slashed in half next month following the end of federal tax incentives on Wednesday. Farley on

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Trump, Pfizer to announce agreement to lower Medicaid drug prices

Trump, Pfizer to announce agreement to lower Medicaid drug prices

Business News

U.S. President Donald Trump speaks during a press conference in the Roosevelt Room at the White House in Washington, D.C., U.S., May 12, 2025. Nathan Howard | Reuters President Donald Trump on Tuesday will announce an agreement with Pfizer to voluntarily sell its medications for less, as his administration pushes to link U.S. drug prices

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Hertz will let customers do almost entire car buying process online

Hertz will let customers do almost entire car buying process online

Business News

Rental company Hertz said Tuesday it is updating its online shopping website to allow customers to secure financing, get a trade-in offer and do just about everything else a buyer would need to purchase a vehicle. The move is a significant step for Hertz’s online retail presence. Previously, the company’s HertzCarSales.com website had only offered

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Here’s JPMorgan Chase’s blueprint to become the world’s first fully AI-powered megabank

Here’s JPMorgan Chase’s blueprint to become the world’s first fully AI-powered megabank

Business News

Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. speaks during an event honoring local construction workers who helped build the firm’s new headquarters at 270 Park Avenue, in the Midtown area of New York City, U.S., Sept. 9, 2025. Shannon Stapleton | Reuters Deep within the bowels of JPMorgan Chase’s data

Here’s JPMorgan Chase’s blueprint to become the world’s first fully AI-powered megabank Read More »

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