Peloton shares plunge more than 20% after dismal forecast
Peloton Interactive trimmed its full-year revenue forecast amid its two-year-long efforts to turn around the business, sending the exercise equipment maker’s shares plunging about 23% on Thursday. The company now expects full-year…
Radio giant Audacy files for chapter 11 bankruptcy, as ad sales plunge
Radio and podcast giant Audacy Inc. filed for chapter 11 bankruptcy protection Sunday amid a cratering advertising market. Philadelphia-based Audacy AUDA, +5.50% announced a “comprehensive restructuring” Sunday, seeking to reduce…
Retailers at migrant-filled Roosevelt Resort dwindle, demand decrease hire as gross sales plunge
Retailers on the iconic Roosevelt Resort in Midtown have fled in droves because the property was transformed right into a touchdown spot for migrants — and the few which can…