Amazon
Peloton CEO Is Stepping Down, Fitness Company To Cut Workforce By 15%
Peloton’s Chief Executive Officer has officially stepped down from the role as the popular fitness company is planning to cut 15% of its global workforce.
Advanced Micro Devices
Wall St slips after big bank earnings
Wall Street’s main stock indexes as some big banks dipped after reporting dour quarterly results and most megacap growth stocks and chipmakers receded.
AI
Reddit shares soar 38% in market debut
Reddit’s shares jumped in their debut, signaling that investor appetite for IPOs of promising yet loss-making companies could be returning.
Advanced Micro Devices
Intel tumbles as chipmaker falls further behind in AI race
Intel slumped more than 12% on Friday following a bleak first-quarter revenue outlook
Alphabet
Wall Street ends down as US retail sales data crimps rate cut bets
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
Adrian Gray
Market bets for 2024 thrown into chaos by US recession conundrum
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
billionaire
Bumble Shares Down Amid Leadership Change
Bumble, a dating app that boasts about 12.3 million active users, has seen its shares plunge in value after the company’s founder and chief executive Whitney Wolfe Herd announced she will be stepping down.
Congress
Hawley: ‘Pelosi is the poster child’ for lawmakers getting rich on stocks
Missouri Senator Josh Hawley says that his new Pelosi Act will prevent members of Congress from being able to trade on the stock market and become rich doing so.