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People are breaking up with their Pelotons
CNN
The first sign that the Peloton pandemic bubble burst came last month, when the company revealed sales of its Peloton (PTON) stationary bikes and treadmills fell 17% in its most recent quarter. Those two machines are the company's bread and butter, making up 60% of its business.
On Friday, Peloton shares dropped 5% to hit a new 52-week low after Credit Suisse slashed its price target on the stock by more than half.
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The retired Air Force general announced as the next chairman of the Joint Chiefs of Staff by President Donald Trump after the abrupt Friday night firing of his predecessor is a respected career F-16 pilot who is described by current and former officials who served with him as a professional with a “strong moral center.”
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Over the past 10 days, Vice President JD Vance put Ukrainian President Volodymyr Zelensky on notice, rattled the confidence of century-old allies in Western Europe during his first foreign trip, decamped to Capitol Hill to help in delicate budget talks and delivered a spirited defense of the Trump administration’s first month to a gathering of conservatives outside the nation’s capital.