Amazon, Nike, and Other Bidders Are Reportedly Circling Peloton

Amazon, Nike, and Other Bidders Are Reportedly Circling Peloton

Photo: Scott Huh (Getty Images) After enjoying a lockdown-fueled spike during the pandemic, Peloton is now out of control. Product recalls, pthe fall in stock prices, a major drop in demand and the dangerous cameos of his bike not one, but of them prime time tv shows have coarsely wiped $40 billion of its market … Read more

Crystal Serenity, Crystal Symphony cruise ships seized by US Marshals in Bahamas

Crystal Serenity, Crystal Symphony cruise ships seized by US Marshals in Bahamas

A luxury cruise ship operator is underwater — and left passengers high and dry. US Marshals seized a pair of popular cruise ships in the Bahamas Friday upon allegations that their Miami-based owner, Crystal Cruises, has failed to pay $4.6 million in fuel bills. Crystal Serenity and Crystal Symphony had only crew members on board, … Read more

Amazon Breaks Record for One-Day Gain in Market Cap

Amazon Breaks Record for One-Day Gain in Market Cap

Investors in big technology stocks have a serious case of whiplash. Amazon.com Inc.. AMZN 13.54% on Friday notched the largest-ever one-day gain in market value for a US company—just a day after Facebook parent Meta Platforms Inc. suffered the largest-ever loss. The dramatic moves suggest investors are moving quickly to draw distinctions among the growth … Read more

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto – Featured Bitcoin News

Billionaire Ray Dalio Discusses Future of Money, Insists Some Governments Will Ban Crypto – Featured Bitcoin News

Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments. Ray Dalio on the Future of Money and Crypto Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future … Read more

Rough Day in the Bond Market: Treasury Yields Spike, 30-Year Fixed Mortgage Rate Nears 4%. Where’s the Magic Number?

Rough Day in the Bond Market: Treasury Yields Spike, 30-Year Fixed Mortgage Rate Nears 4%. Where’s the Magic Number?

Fed’s coming tightening cycle sinks in, amid still brutally negative “real” yields, as bonds’ purchasing power gets eaten up by inflation. By Wolf Richter for WOLF STREET. Bond fireworks lit up the sky on Friday, following the release of the jobs report that dashed fervent hopes in the bond market that crummy employment numbers would … Read more

Florida men revealed to be behind Bored Apes

Florida men revealed to be behind Bored Apes

The makers behind the Bored Apes Yacht Club (BAYC) are no longer a mystery — a BuzzFeed News report reveals them as Greg Solano and Wylie Aronow, two men from Florida. Solano is a 32-year-old writer and editor behind the pseudonym Gargamel, while the 35-year-old Aronow goes by Gordon Goner. after BuzzFeed‘s article was posted, … Read more

How Costco invented Kirkland Signature

How Costco invented Kirkland Signature

It’s also shockingly successful. Kirkland raked in $58 billion in sales during Costco’s latest fiscal year, making up around a quarter of the company’s total revenue. Kirkland is America’s biggest consumer packaged goods’ brand measured by sales. It’s larger than Hershey (HSY), Campbell’s Soup (CPB) gold Kellogg (K). But it wasn’t always this way. It … Read more

Port Authority closes bridge that carries South Busway in Mt. Washington

Port Authority closes bridge that carries South Busway in Mt. Washington

A Port Authority bridge that carries the South Busway over Saw Mill Run Boulevard in the Mt. Washington neighborhood of Pittsburgh will remain closed indefinitely, the Port Authority announced Friday. Officials said engineers discovered on Friday that part of the bridge had shifted. Officials said the Saw Mill Run Boulevard Bridge – sometimes known as … Read more