Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation

Peloton Interactive Inc. stationary bikes are displayed in the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, December 18, 2019. jeenah moon | Mayor Bloomberg | fake images Peloton is about to start charging customers more for its original Bike and Tread products, citing rising inflation and rising supply chain costs. Starting … Read more

Oxfam: Billionaires added $5 trillion to their fortunes during the pandemic

Using data collected by Forbes, Oxfam says in a new report that billionaires’ total wealth has risen from $8.6 trillion in March 2020 to $13.8 trillion in November 2021, a bigger increase than in the previous one. 14 years together. The 10 richest men in the world saw their collective wealth more than double, increasing … Read more

‘Sick to my stomach’: Dollar Tree fanatics protest new $1.25 prices

Dollar Tree’s recent decision to end $1 prices after 35 years and increase most items in stores to $1.25 has drawn an angry response from many loyal customers on Twitter, Facebook, TikTok and YouTube. Vloggers with hundreds of thousands of followers posted videos of their reactions to price gouging, or walking into a store for … Read more

Get ready for the climb. Here’s what history says about stock-market returns during Fed rate-hike cycles.

Bond yields are rising again so far in 2022. The US stock market looks vulnerable to a bona fide correction. But what can you really say about just two weeks into a new year? Not much and enough. One thing feels certain: the days of making easy money are over in the age of the … Read more

Judge bans ‘Pharma Bro’ Martin Shkreli from pharmaceutical industry ‘for life’

Friday’s decision by US District Judge Denise Cote was part of a civil case brought by the Federal Trade Commission and the attorneys general of New York, California, Ohio, Pennsylvania, Illinois, North Carolina and Virginia in 2020, who they alleged that Shkreli violated federal and state laws. state laws prohibiting anticompetitive conduct. A week-long trial … Read more