Peloton is estimating its treadmill recall will cost the company about $165 million in lost revenue during the the current quarter, and result in a $16 million hit to its profits.
The semiconductor industry's constant challenge is to make microchips that are smaller, faster, more powerful and more energy efficient — simultaneously.
David Swensen, the long-time chief investment officer at Yale University and a legend in the world of college endowments, died Wednesday at the age of 67.
Three dollar store chains will make up almost half of all the new stores opening up in the United States this year, a reflection of the dollar store sector's outsized growth in the retail industry as other chains close shops or stop building new ones.
President Joe Biden and Vice President Kamala Harris' efforts to sell their green agenda and infrastructure plan are being complicated by a thorny conflict of interest for Energy Secretary Jennifer Granholm -- who stands to gain a windfall from stock options in a private electric vehicle company.
The US labor market collapsed a year ago when more than 20 million jobs vanished in a single month. Now the economy is healing, but millions of Americans remain out of work.
SpaceX just launched another test flight of an early Mars rocket prototype at its South Texas facility, sending the towering silver vehicle soaring up to about six miles above Earth, then putting it through a series of aerial acrobatics before re-lighting two of its engines and landing it up…
Cruise ship operators may begin simulated voyages with volunteer passengers, according to an order from the US Centers for Disease Control and Prevention.
Peloton recalled its Tread+ and Tread treadmills Wednesday, and the company admitted it was wrong to fight the Consumer Product Safety Commission's request that it do so.
The Paycheck Protection Program is out of cash for most businesses weeks ahead of the program's scheduled May 31 closure, the Small Business Administration said Tuesday.
Facebook can keep blocking former President Donald Trump from using its platform, the social network's court-like Oversight Board said Wednesday. The landmark move affirms the company's decision to suspend Trump in January after the US Capitol riots. However, the board said Facebook must rev…
General Motors posted strong first-quarter earnings and said it's on track to hit the high end of its full-year profit target despite the computer chip shortage dogging the industry.
As the pandemic crushed the US economy last spring, sawmills shut down lumber production to brace for a housing slump. The slump never arrived and now there isn't enough lumber to feed the red-hot housing market.
Amazon and Google owner Alphabet are two of the most valuable companies on the planet. They dominate their industries, generate tons of cash and are obscenely profitable. Yet neither of the companies are in the prestigious Dow Jones Industrial Average — and for a good reason.
It looks like most Goldman Sachs workers will be back in Lower Manhattan by mid-June, marking another milestone in the reopening of New York City and the broader economy from the Covid-19 pandemic.
Demand for goods is skyrocketing as the US economy reopens from the pandemic. But there's a big problem: American factories can't find enough people to do the work.
Pandora produces more jewelry than any other company in the world. And on Tuesday, it announced a major change: It won't use any more mined diamonds in its products.
Epic Games and Apple kicked off their high-profile trial on Monday, beginning a legal battle that is expected to run for at least two weeks and has the potential to change not only the iPhone maker's app ecosystem, but also the broader app economy worth hundreds of billions of dollars.
The Facebook Oversight Board will announce its long-anticipated decision on the fate of former President Trump's Facebook account at 9 a.m. ET on Wednesday, it announced Monday morning.
Warren Buffett said Monday that Greg Abel, the head of Berkshire Hathaway's non-insurance business, will be his successor -- although Buffett gave no indication that he will give up the top job at the conglomerate anytime soon.
Ever since it was launched in 2008, the Apple App Store has been the sole gatekeeper between apps and iPhones and iPads. Other platforms, such as Google's Android, allow apps to be downloaded through third-party app stores. For any developers who want on to Apple's mobile devices, though, th…
Big banks have changed their attitude toward cryptocurrencies in recent years, going from dismissive to cautiously interested. But Wall Street still isn't fully embracing digital currencies.
Many people forced into isolation during the Covid-19 pandemic credit their pets for keeping them sane through the lockdown. Hilton wants to reward those furry friends with some fine dining.
The Washington Post, The New York Times, and NBC News on Saturday issued significant corrections, retracting earlier reporting that said Rudy Giuliani had been directly warned by the FBI that he was the target of a Russian disinformation campaign.
Bitcoin prices continued their rebound Saturday, rising about 6% to nearly $58,000. But the world's largest cryptocurrency has been overshadowed lately by its younger sibling, Ethereum.
Summer is around the corner, but anyone who is looking forward to a refreshing dip in the pool to cool off may be in for a big "shock." A chlorine shortage may make it more difficult for pool owners to buy the sanitizing tabs.
Warren Buffett's Berkshire Hathaway returned to profitability in the first quarter of this year after reporting a nearly $50 billion loss during the first quarter of 2020 due to the Covid-19 pandemic.
The economy is on the path to recovery but it's still far from repaired. Yet investors and economists are already worried it might be growing too fast. Here's what experts actually mean when they talk about the "overheating" economy.
Eli Broad, an entrepreneur and businessman known for creating two billion-dollar businesses and establishing the iconic Broad Museum in Los Angeles, has died at the age of 87, the Eli and Edythe Broad Foundation said Friday.
Forget the Oscars. If you're looking for star power — in the business world, at least — it doesn't get any bigger than Warren Buffett, and he'll be live from Los Angeles on Saturday for the latest Berkshire Hathaway annual shareholder meeting.
ATLANTA - First-time unemployment claims in Georgia fell last week, mirroring a nationwide trend as more Americans thrown out of work by the coronavirus pandemic get back on the job.
Amazon's profits more than tripled in the first quarter of 2021, as the pandemic continued to boost its online retail, cloud and advertising businesses.
Stacker used March 2021 data from the Zillow Observed Rent Index to compile a list of 50 metros where rents spikes have occurred during COVID-19.
In the market for a new car, smartphone or washing machine this year? A global shortage of computer chips could mean you have to wait a while and pay more.