Business

Peloton launching resale market for used bikes, treadmills

Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on…

Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

Amazon’s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft…

Elon Musk’s Neuralink raises $650 million in fresh capital

Elon Musk’s brain tech startup Neuralink has closed a $650 million funding round, the company announced Monday. ARK Invest, Founders…

Uber delivery chief Gore-Coty is leaving after almost 13 years at ride-hailing company

Uber said Monday that Pierre-Dimitri Gore-Coty, one of the company’s longest-tenured top executives and the head of is delivery business…

Byron Allen puts broadcast TV stations up for sale

Byron Allen is putting his broadcast TV stations up for sale. Allen Media Group said on Monday it has retained…

U.S. foreign tax bill sends jitters across Wall Street

While U.S. President Donald Trump’s tariffs play out in U.S. courts, another one of his proposed laws could weaponize the…

E.l.f. Beauty to acquire Hailey Bieber skin care brand Rhode in up to $1 billion deal

E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1…

Dick’s Sporting Goods stands by full-year guidance — even with tariffs looming

Dick’s Sporting Goods said Wednesday it’s standing by its full-year guidance, which includes the expected impact from all tariffs currently…

Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a…

Macy’s CEO says retailer will hike some prices as tariffs cut into profits

Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations, as the retailer’s…