Peloton slashing 500 more jobs as it races to return to growth
Peloton is cutting about 500 jobs, but CEO Barry McCarthy says no further layoffs are planned.
Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles
Kallenius said that while Mercedes plans to sell internal-combustion models for a while longer, he expects luxury-car shoppers will increasingly choose EVs.
Pentagon awards $200 million spacecraft contract to private venture York
Spacecraft manufacturer York Space Systems won a Pentagon contact worth up to $200 million to build experimental satellites.
Apartment demand unexpectedly fell during its busiest season, according to a new report
It’s the first time the rental technology platform RealPage has recorded a third-quarter drop in the 30 years it’s been tracking the metric.
Gun industry faces a new wave of lawsuits that could reshape how firearms are sold
The gun industry has broad legal immunity from the fallout of mass shootings. Experts say plaintiffs in new lawsuits face an uphill battle.
Wall Street oscillates amid COVID-19 spikes, muted data
Wall Street struggled for direction on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns against data that suggested the U.S. economy might not bounce back with quick, V-shaped recovery…
Lufthansa investor Thiele seeks talks with German government: Handelsblatt
Lufthansa’s biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline’s 9 billion euro ($10.1 billion) bailout.
Tesla wants to start building a new U.S. vehicle plant this summer
Electric vehicle maker Tesla Inc wants to start building a large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.
S&P 500 muted as virus cases rise, jobless claims weigh
The S&P 500 was little changed on Thursday as coronavirus infections picked up again in parts of the United States and data showed an elevated level of weekly jobless claims, lending weight to predictions of a prolonged economic recovery.
Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot
The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).
