Its delivery delays are so long, Peloton (NASDAQ:PTON) skipped Black Friday and Cyber Monday.Would-be customers are fed up with months-long waits to get their bikes and are turning to rivals, including the very new MYXfitness. Not even a year into the market, the company is already reporting growth that was expected three years out.Demand for the Greenwich, Conn.-based company's equipment, which...
Continue reading >>Did a surge in coronavirus cases and deaths in recent weeks trigger the first drop in U.S. employment in November since the onset of the pandemic last spring? Some economists think so.A few Wall Street forecasting firms such as Oxford Economics predict an outright decline in jobs, but the majority expect hiring to increase for the seventh month in a row.The November jobs report, due Friday, might...
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Continue reading >>The stock market traded on both sides of the ledger on Wednesday before closing mostly higher with Tech lagging. A weaker-than-expected jobs number caused opening weakness before strength returned. House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer indicated progress on the bipartisan coronavirus relief negotiations.The Dow traded to a late day high of 29,902 shortly after the...
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