Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices
Month: August 2022
Brothers91 | E+ | Getty Images Depending on how you get your health-care coverage, you may soon get a rebate from your insurer. An estimated 8.2 million policyholders are expected to receive a piece of $1 billion in rebates by Sept. 30 from various insurers, according to an estimate from the Kaiser Family Foundation. The
More than 300 years of agricultural and architectural history are represented at a 135-acre property in Clarksville, Maryland. Known as Richland Farm, the spread about 25 miles outside of Baltimore has earned a spot in the National Register of Historic Places as a “farmstead which characterized rural Howard County from the late 18th century through
Implications For Christopher Columbus, Oysters, And Walruses The dramatic history of the Inflation Reduction Act is known – now we have to understand and live with the practical results. The Senate passed the bill with a vote of 51-50, with Vice President Kamala Harris breaking the tie. As of today, the House has not made
Topline The stock market surged higher on Wednesday after a better-than-expected inflation report for July, boosting investor sentiment as consumer prices fell for the first time in months, adding to hopes that inflation may have finally peaked. Key Facts The Dow Jones Industrial Average rose 1.3%, over 400 points, while the S&P 500 gained 1.5%
In this article PTON Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking prices on some equipment in a bid to cut costs and become profitable. The company did not specify how many of its 86 retail locations it plans to shutter, but
Luis Alvarez | Digitalvision | Getty Images Employers are using signing bonuses at an elevated rate to attract talent — and there are ways workers can capitalize on the trend. A signing bonus is a financial sweetener — often a lump sum of cash — that businesses offer prospective hires. Offers vary widely by company
Source: Getty Images Investors have been pouring money into high-yield bonds, which typically pay more interest for taking on greater risk. But these investments are also known as “junk bonds,” and financial experts urge caution before piling in. After a rocky start to 2022, U.S. high-yield bond funds received an estimated $6.8 billion in net
Families, parents and caregivers call on Congress to include paid family and medical leave in the Build Back Better legislative package during an all-day Nov. 2, 2021 vigil in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Missing a week of work due to illness, child care or other obligations during Covid-19
Like many famous residents living within its rolling landscape, the Hollywood Hills are much more than what is visible to the public eye. For starters, the central Los Angeles neighborhood is actually composed of 10 smaller neighborhoods, including notable enclaves such as Laurel Canyon, the Bird Streets and Sunset Plaza. ADVERTISEMENT Stretching across the Cahuenga
There is a lot of chatter about the $80 billion of increased funding for the IRS in the Inflation Reduction Act. The bill was passed by the Senate on August 7, 2022, and the House voted to approve it on August 12, 2022. The President is expected to sign it shortly. The burning question on
James Lathrop is a Republican candidate for State Treasurer in the state of Rhode Island—a state which has long been dominated by Democrats. Most notably, Gina Raimondo, currently serving as U.S. Commerce Secretary began her career in politics as Rhode Island State Treasurer before becoming Governor—supported by unprecedented out-of-state campaign contributions from Wall Street money
A selection of men’s clothes packaged by Trunk Club, which was shuttered earlier this year after Nordstrom bought the personal styling service in 2014. Source: Trunk Club After earning a master’s degree a decade ago, David Hill wanted to amp up his personal style and signed up for the Trunk Club, which promised to mail
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, Guangdong province of China. Jade Gao | Afp | Getty Images BEIJING — Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly
Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So
Some employees thrive working on the couch in sweatpants. Malcolm Gladwell isn’t among them — at least, not anymore. While certain types of work — freelance writing, for instance — might not require regular in-office attendance, according to Gladwell, the author of bestselling books such as “The Tipping Point” and “Talking to Strangers,” tells CNBC
Despite some indications of an economic slowdown, the job market remains remarkably stable, and many workers have reaped the benefits. In fact, a record number of employees quit their jobs, found new positions and renegotiated along the way. But not everyone who joined the so-called Great Reshuffle is better off. More than a quarter —
This question, posed recently to the Quora web site, elicited some 40 answers from Quora’s roster of “experts”, of which I am one. Most answers fell into one of two categories. One group said “yes” – based mainly on the diverse (and mostly non-verifiable) benefits of being out of debt. The second said “it depends”
In this article NYT The New York Times building Jonathan Torgovnik | Getty Images Activist investor ValueAct has built a 6.7% stake in the New York Times, according to an SEC filing out Thursday, sending shares of the media company up around 10% in afternoon trading. “We are aware that ValueAct has made an investment
Bottles of Beam Inc.’s Jim Beam bourbon whiskey, center, are displayed for sale at a liquor store. Uriko Nakao | Bloomberg | Getty Images The maker of Jim Beam said some price-sensitive whiskey and tequila drinkers are opting for cheaper bottles, making it the latest company to note diverging behaviors among lower- and higher-income customers.
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