Business

The moves are designed to realign Peloton’s cost structure with the current size of its business, it said in a news release.

The cost of eating out at quick-service restaurants has climbed faster than that of eating at home.

Alphabet has been slashing headcount since early last year, when the company announced plans to eliminate about 12,000 jobs, or 6% of its workforce.

Roger Ver was arrested in Spain over the weekend and is being extradited to the United States to face criminal trial.

The deal, pending approval by claimants, would allow J&J to resolve the lawsuits through a third bankruptcy filing of a subsidiary company.

More than 12,000 people ages 60 and older indicated they fell victim to fraud involving cryptocurrency.

Job gains were strongest in leisure and hospitality, which posted an increase of 56,000.

The company, which owns the Truth Social app, has seen its share price increase by more than 50% in the past week.

Donald Trump’s second-term economic agenda includes aggressive tariff hikes, tax cuts and cheap money policy, all of which analysts say could threaten to reheat inflation.

Internal documents indicate Block processed crypto transactions for terrorist groups and Square processed transactions involving nations subject to economic sanctions.

If NBCUniversal wins the rights to air the NBA again, it would have a chance to bring back the iconic tune, the composer told CNBC in an email.