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Here's how Peloton CEO Barry McCarthy's turnaround plan is going

Here’s how Peloton CEO Barry McCarthy’s turnaround plan is going

Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton investors are fleeing after the company’s discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stick around for what he says will be a comeback story. …

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Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan

Peloton reports big loss, decline in revenue as the company grinds through its turnaround plan

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Peloton on Thursday reported widening losses and slumping sales in its fiscal fourth quarter as the connected fitness equipment maker attempts to win back investors with cost cuts and strategic shifts. Shares declined more than …

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Peloton strikes a deal to sell fitness equipment and apparel on Amazon

Peloton strikes a deal to sell fitness equipment and apparel on Amazon

Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In its first foray outside of its core direct-to-consumer business, Peloton starting Wednesday will be hawking a selection of its connected-fitness equipment and …

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Tech talent is still in demand but outsized salaries may be disappearing

Tech talent is still in demand but outsized salaries may be disappearing

Thomas Barwick | Digitalvision | Getty Images The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a fresh wave of slumping stocks, hiring freezes and slowdowns, or outright layoffs from companies that …

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Here are Wednesday's biggest analyst calls: Snowflake, Apple, Amazon, Nike, Robinhood, Rivian & more

Here are Wednesday’s biggest analyst calls: Snowflake, Apple, Amazon, Nike, Robinhood, Rivian & more

Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. ” Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial …

Here are Wednesday’s biggest analyst calls: Snowflake, Apple, Amazon, Nike, Robinhood, Rivian & more Read More »