Peloton Stock Plunges After Unveiling $1 Billion Loan to Refinance Debt

Peloton CEO Barry McCarthy to Step Down While the Company Faces a Series of Layoffs Due to Low Profits

Peloton undergoes leadership change with CEO Barry McCarthy stepping down, accompanied by layoffs of 15% of staff, following disappointing fiscal third-quarter results.


Australia: Real Estate Agent Sells Wrong House to Homeowner; Agency John O'Neil & Son Also to Blame

A real estate agent in Australia sold the wrong house to a homeowner, leading to a thousand-dollar fine. Here are other details.

Novo Nordisk's Q1 Profit Surges 28%, Thanks To Booming Demand for Weight Loss Drugs

Novo Nordisk exceeded profit expectations in Q1 2024 with a 28% surge in net profit, driven by Wegovy's success.

Taylor Swift, Drake, and Other UMG Artists Return to TikTok Following New Agreement on Licensing and AI

Universal Music Group (UMG) and TikTok have resolved their recent dispute through a new licensing agreement.


Latest News

Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering.
Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology
The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine.
Donald Trump Secures Another $1.6 Billion Worth of Shares in Trump Media
Former President Donald Trump has received another $1.6 billion worth of shares in Trump Media & Technology Group.
MICROSOFT
Microsoft CEO Satya Nadella made big investments in Thailand and Malaysia and other initiatives to expand its Southeast Asian footprint and advance AI technologies.
JPMorgan Chase to Pay a Civil Penalty of $100 Million Over Trade Reporting Gaps
JPMorgan Chase is expected to reach a resolution with a third US regulator that will require the bank to pay a civil penalty of $100 million.
BTS Agency HYBE Posts Lower-Than-Expected Q1 Profit, Blames Artist Hiatus and Rookie Group Expenses
K-pop agency HYBE reported on Thursday a disappointing lower-than-expected profit for the first quarter of 2024.
Amazon CEO Andy Jassy Violates Federal Labor Law With Anti-Union Comments, NLRB Finds
Amazon CEO Andy Jassy was found to have violated federal labor law due to comments he made regarding unionization at the company.
UnitedHealth's CEO Andrew Witty Testifies To Senate Finance Committee
UnitedHealth Group CEO Andrew Witty said the business paid a $22 million ransom to hackers who penetrated Change Healthcare system.
Swish
Indonesia's beloved children's musical theater series, formerly known as "Pesta Sahabat," is set to make a grand comeback under a new moniker: "Swish." RTV, the broadcasting network behind the iconic show, has announced the relaunch, promising an exciting blend of entertainment and edutainment for young viewers across the nation.
Johnson & Johnson To Settle All Thousands of Talc-Linked Ovarian Cancer Lawsuits—Is $6.5 Billion Settlement Enough?
Johnson & Johnson proposed a settlement plan to settle all the thousands of lawsuits it faces in the U.S. The company is accused of selling talc-based products that could cause ovarian cancer.
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