Peloton (PTON) Q2 2023 results

Peloton (PTON) Q2 2023 results

Brody Longo trains on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michel Loccisano | Getty Images Platoon said Wednesday its net loss was down year-over-year and for the third straight quarter, subscription revenue exceeded sales of the company’s connected fitness products. CEO Barry McCarthy called the results a possible “turning … Read more

Gold demand hits 11-year high on ‘colossal’ central bank buying

Gold demand hits 11-year high on ‘colossal’ central bank buying

Bars of 99.99% pure gold are placed in a work room at the Krastsvetmet precious metals factory in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand hit an 11-year high in 2022 thanks to “colossal central bank buying, aided by vigorous buying by retail investors,” according to the … Read more

How Asia’s richest man lost his crown in days

How Asia’s richest man lost his crown in days

Gautam Adani, billionaire and chairman of the Adani Group, during an event at the Port of Haifa in Haifa, Israel, Tuesday, Jan. 31, 2023. Adani, the Indian billionaire whose business empire has been rocked by allegations of fraud by the short seller Hindenburg Research, said his company would make more investments in Israel. Bloomberg | … Read more

Eurozone inflation January 2023 print ahead of ECB rate meeting

Eurozone inflation January 2023 print ahead of ECB rate meeting

Inflation in the Eurozone has declined in the last two months of 2022, but the economic indicator is still well above the European Central Bank’s 2% mandate. Jeff Greenberg | Universal Image Group | Getty Images Inflation in the euro zone fell for a third consecutive month in January due to a significant drop in … Read more

Half a million Britons take part in biggest walkout in 12 years

Half a million Britons take part in biggest walkout in 12 years

Union members gather outside Westminster Central Hall in London on February 1 ahead of a march and rally against the government’s controversial plans for a new law on minimum service levels during strikes. Kirsty O’connor – Pa Images | Pa pictures | Getty Images LONDON — More than half a million British workers are due … Read more

Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse

Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University on January 30, 2023. Oli Scarf | Swimming pool Wpa | Getty Images The UK has officially laid out plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged … Read more

Central banks set to signal path of sliding interest rates in crucial week

Central banks set to signal path of sliding interest rates in crucial week

A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to raise interest rates again this week as they make their first policy … Read more

Most Adani bonds rebound after group shares sold for $2.5 billion

Most Adani bonds rebound after group shares sold for .5 billion

Most dollar bonds issued by the Adani Group of companies gained for a second day on Wednesday after its flagship sold $2.5 billion worth of shares in a fully subscribed follow-on offering.The 2024 rating of Adani green energy ltd. gained nearly 5 cents on the dollar to 80.9 cents at 9:35 a.m. in Hong Kong, … Read more

Google is testing the ChatGPT-like ‘Apprentice Bard’ chatbot with employees

Google is testing the ChatGPT-like ‘Apprentice Bard’ chatbot with employees

A man walks through Google’s offices on January 25, 2023 in New York. Leonard Munoz | Corbis News | Getty Images Google is testing new AI-powered chat products that are likely to influence a future public product launch. They include a new chatbot and a potential way to integrate it into a search engine. The … Read more

Stock futures fall as traders await latest Federal Reserve rate hike decision

Stock futures fall as traders await latest Federal Reserve rate hike decision

Traders on the NYSE floor Source: NYSE Stock futures fell Tuesday night as investors anticipated Wednesday’s Federal Reserve meeting. Futures linked to the Dow Jones Industrial Average lost 48 points or 0.14%. S&P 500 futures and Nasdaq Composite futures fell 0.20% and 0.37%, respectively. The moves come after stocks surged to end January on a … Read more