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The Latest Breaking News from Peloton

Peloton Pauses Use of Ye’s Music in Future Classes

It is the latest company to distance itself from the rapper after a series of controversial moves and antisemitic comments.

Sports Illustrated

Kanye West escorted out of Skechers after showing up 'unannounced and without invite'

Kanye West was removed from Skechers' head office in L.A. after 'turning up announced' following the news that Foot Locker had terminated its contract with the rapper after his vile racist outburst

Daily Mirror

Kanye West music banned from Peloton as yet another company drops the disgraced star

Kanye West continues to lose deals following his anti-Semitic outburst, with Peloton now banning the use of his music on any of their platforms

Daily Mirror

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Rishi Sunak’s morning routine: 6am Peloton, Britney Spears and a pain au chocolat

The prime minister’s morning is incomplete without a ‘chocolatey, sugary pastry’

The Independent UK

1 Fitness Stock That Continues to Cycle Lower in 2022

The fortunes of once investor favorite Peloton Interactive (PTON) have shown no signs of turning around. The stock has fallen more than 75% year-to-date. With the company’s guidance for a year-over-year decline in revenue in the first quarter of fiscal 2023, the stock could continue to tumble further. Read more….

StockNews.com

Former instructor sues Peloton for $1.8m on allegations of discrimination

Daniel McKenna says his Irish background was mocked and that he wasn’t given any explanation when he was terminated

The Guardian - US

2 Stocks with Great Track Records to Buy Right Now

Despite the Fed's aggressive interest rate hikes, the job market remains strong. However, given the mounting recessionary fears, it may be prudent to invest in UnitedHealth Group (UNH) and Biogen (BIIB), based on their solid fundamentals and impressive growth prospects. Continue Reading….

StockNews.com

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Peloton gears up to fire 500 staff as part of restructuring plan

The move represents a cut of around 12% of the company’s workforce

Evening Standard

Mila Kunis confirms Ashton Kutcher first confessed he loved her while drunk

Actor said he had ‘a little too much tequila’

The Independent UK

Owning These 5 Stocks Won't Make You Rich in 2022

Since the Fed’s hawkish monetary policy stance to control the raging inflation is expected to keep the stock market under pressure in the upcoming months, we think it could be wise to avoid fundamentally weak stocks Uber Technologies (UBER), Coinbase Global (COIN), Peloton Interactive (PTON), FuelCell Energy (FCEL), and Marathon…

StockNews.com

2 Consumer Stocks That Are Safe to Buy and 2 That Aren't

Despite high prices, overall retail sales have exceeded estimates in August 2022. Moreover, consumer confidence is improving. Investors looking to buy consumer stocks might invest in Procter & Gamble (PG) and Colgate-Palmolive (CL). However, fundamentally weak stocks, Vinco Ventures (BBIG) and Peloton Interactive (PTON), might be best avoided now. Let's…

StockNews.com

2 Stocks with Too Much Downside Risk to Buy Now

The Fed’s hawkishness and mounting recession fears are expected to keep the stock market under pressure. Amid this backdrop, it could be wise to avoid fundamentally weak stocks Carvana (CVNA) and Peloton Interactive (PTON), which possess significant downside risks. Continue reading….

StockNews.com

First Thing: earthquake shakes Mexico on anniversary of two past tremors

Quake registered at 7.5 magnitude on anniversary of earlier tremors. Plus, the rise and fall of Peloton

The Guardian - UK

2 Meme Stocks You Should Not Touch With a 10-Foot Pole

The return of the meme stock frenzy has led several fundamentally weak stocks to soar to unsustainable prices. With the stock market expected to remain under pressure in the upcoming months, it could be wise to avoid fundamentally weak meme stocks Peloton Interactive (PTON) and Bed Bath & Beyond (BBBY).…

StockNews.com

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The Guardian - US

A pricey clothes rack? The people struggling to resell their Pelotons

As people return to their pre-pandemic exercise routines, the popularity of the expensive home-exercise bikes is on the wane

StockNews.com

5 Stocks to Sell Before Things Get Even Uglier

August’s CPI report revealed that inflation is far from being eased, enhancing the odds of another big Fed rate hike next week. With stubbornly high prices and tumbling market sentiment, it could be wise to sell fundamentally weak stocks Lucid Group (LCID), Plug Power (PLUG), AMC Entertainment (AMC), Peloton Interactive…

Benzinga

Peloton Shares Drop As Co-Founders Step Down From Roles At Embattled Connected Fitness Company

Peloton Interactive Inc (NASDAQ: PTON) shares were trading lower in Monday's after-hours session after the company announced that co-founders John Foley and Hisao Kushi will step down from their roles at the connected fitness company.<

StockNews.com

3 Stocks to Sell as Investors Brace for More Fed Tightening

Concerns about skyrocketing inflation, the Federal Reserve's hawkish stance to tame it, and the prospect of a recession have driven recent market selloffs. As the Fed is expected to keep raising interest rates to bring inflation down to its target level, fundamentally weak stocks Peloton Interactive (PTON), Revolve Group (RVLV),…

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StockNews.com

3 Layoff Stocks You Might Want to Avoid for the Rest of 2022

The economic and geopolitical headwinds have hammered several businesses this year, with many laying off their employees to reduce costs and stay afloat. Shares of Shopify (SHOP), DoorDash (DASH), and Peloton Interactive (PTON), which have taken layoff measures because of their unstable fundamentals and dim growth outlooks, could be best…

StockNews.com

Should Investors Throw in the Towel on Peloton Stock?

Shares of interactive fitness platform Peloton Interactive (PTON), which enjoyed a stellar run during the peak of the COVID-19 pandemic, have fallen precipitously and are now trading 92% below their 52-week high. Let’s find out if it is worth buying the stock now….

StockNews.com

Don't Let Their High-Volume Fool You. 3 Active Stocks to Avoid Right Now

Despite the slower pace of payroll gains in August, market uncertainty is expected to continue as the Fed is expected to put more weight on the upcoming CPI data. Amid this backdrop, high-volume trading of Plug Power (PLUG), SoFi Technologies (SOFI), and Peloton Interactive (PTON) may not indicate anything positive…

StockNews.com

Is It Time to Move on and Sell PTON Stock?

Exercise equipment company Peloton Interactive (PTON) has struggled to find support this year, and the stock lost more than 70% year-to-date. Given its bleak sales outlook and widening losses, is it time to avoid the stock? Read on to learn our view….

Axios

Zoom boom meets doom

The saga of the stay-at-home stocks is a useful reminder that hot new technology stocks can fall out of favor fast.

The Independent UK

Peloton to sell its bikes on Amazon in bid to reverse slump

Peloton’s high-end exercise bikes and other gear will now be able to be bought on Amazon in the U.S. It's a partnership aimed at boosting the fitness company’s sales that have languished since the easing of pandemic lockdowns

Evening Standard

Peloton strikes deal to sell bikes on Amazon

Exercise bike maker Peloton has reached an agreement with Amazon to begin selling equipment on its platform in a bid to turn around its fortunes with customers and investors.

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