• Tue. Apr 23rd, 2024

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  • Peloton shares plunge more than 20% after dismal forecast

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…