Saturday, August 28, 2021

Bike price cut, rising costs to hit Peloton's profitability

Peloton Interactive Inc said its near-term profitability would suffer due to a decision to slash the price of its exercise bike and higher commodity and marketing costs. https://ift.tt/3zpQ9Jp

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US Commerce Secretary Howard Lutnick says consumer electronics exempt from tariffs may be included in semiconductor tariffs likely coming in "a month or two" (Aime Williams/Financial Times)

Aime Williams / Financial Times : US Commerce Secretary Howard Lutnick says consumer electronics exempt from tariffs may be included in s...