Peloton undergoes leadership change with CEO Barry McCarthy stepping down, accompanied by layoffs of 15% of staff, following disappointing fiscal third-quarter results.
Sectors
Trump Media CEO Calls for GOP Investigation Into Potential Short Selling by Eight Financial Firms
Nunes demands a GOP-led probe into short-selling by eight firms affecting DJT stock. DJT shares fluctuate; short sellers face steep costs, deterring professional managers.
Baltimore Bridge Collapse Update: Insurer Chubb Preparing $350M Payout, But Is This Enough?
Baltimore Bridge's insurer, Chubb, is allegedly preparing a $350 million payout for the incident.
Elon Musk's Tesla Interns Blame CEO for Ruined Summer Plans Due to Last Minute Revokes
Even interns are not safe from Elon Musk's Tesla mass layoffs. Tesla interns blamed Elon Musk for ruining their summer plans. Previously, the billionaire shocked many people after announcing that he wanted to be "absolutely hardcore" in cost-cutting efforts, such as layoffs.
Australian Facial Recognition Company Outabox's Biometrics Breached by Hackers
Australian facial recognition firm Outabox suffered a major breach of personal data and biometrics, prompting legal investigations and calls for stricter regulations to protect biometric privacy.
Latest News
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 exceeded profit expectations in Q1 2024 with a 28% surge in net profit, driven by Wegovy's success.
Universal Music Group (UMG) and TikTok have resolved their recent dispute through a new licensing agreement.
Airbnb is expanding its reach into the world of entertainment, specifically film and television, through its latest venture called Icons.
Uber is facing a multi-million-pound lawsuit filed by nearly 11,000 black cab drivers in London, England.
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.
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.
Former President Donald Trump has received another $1.6 billion worth of shares in Trump Media & Technology Group.
Microsoft CEO Satya Nadella made big investments in Thailand and Malaysia and other initiatives to expand its Southeast Asian footprint and advance AI technologies.
