Peloton shares surge 26% after fitness company posts subscription revenue growth
Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.
Biden administration moves toward approval for major Alaska oil drilling project
The Biden administration has 30 days to issue a final decision on whether to approve the Willow oil drilling project in Alaska.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Dec. 14.
Saudi Aramco backs Brooklyn-based startup turning ammonia into fuel
Amogy is a startup that is experimenting with ammonia as fuel for heavy duty transportation, like trucking and shipping. The startup is backed by Saudi...
Airlines cancel thousands of flights as Texas ice storm threatens worsening conditions
Dallas/Fort Worth International Airport and Dallas Love Field shared the majority of Wednesday's cancellations.
Tom Brady announces retirement from the NFL, swears it’s ‘for good’ this time
Tom Brady, who won seven Super Bowls with the Patriots and Buccaneers, again announced his retirement from the NFL.
DraftKings cuts 140 jobs as part of reorganization
DraftKings, one of the leading sports-betting companies, said it is eliminating jobs as part of a reorganization.
Rivian to lay off 6% of its workforce as EV price war concerns grow
The CEO of EV maker Rivian told employees that the company will make the layoffs as the company refocuses to conserve cash.
Peloton CEO doesn’t care that equipment is losing money, sees path forward in the app
The pricey exercise machines posted a negative gross margin for the holiday quarter, but the fitness equipment maker's overall profit margin was positive.