Peloton shares plunge after refinancing

A pedestrian walks by a Peloton store in Palo Alto, California, on May 8, 2024. Justin Sullivan | Getty Images Peloton shares plunged on Monday after the connected fitness company said it is launching a “global refinancing,” as it looks to stave off a cash crunch amid falling sales.  The company is offering $275 million

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Private deals for mansions, art and cars on the rise

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The rich have taken “quiet wealth” to a new level, turning to private purchases of mansions, art and classic cars designed to avoid

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Boeing CEO Dave Calhoun reelected to board

Boeing CEO Dave Calhoun speaks briefly with reporters as he arrives for a meeting at the office of Sen. Mark Warner (D-VA) on Capitol Hill January 24, 2024 in Washington, DC. Drew Angerer | Getty Images Boeing shareholders voted to re-elect the outgoing CEO Dave Calhoun to the board of directors, a preliminary tally on

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Dodge, Ram boss Tim Kuniskis to retire from Stellantis

Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot DETROIT – Stellantis‘ Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced

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Mercedes-Benz workers in Alabama vote against union

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The

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Frontier Airlines change fees scrapped in pricing overhaul

A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Feb. 27, 2020. Elizabeth Page Brumley | Tribune News Service | Getty Images Frontier Airlines said it will stop charging customers a fee to change their flights, taking a page from larger competitors as the Biden administration issues stricter rules targeting

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NBA TV rights deal hinges on Warner Bros. Discovery

NBA Commissioner Adam Silver speaks to the media during a press conference as part of the 2022 All-Star Weekend at Rocket Mortgage Fieldhouse on February 19, 2022 in Cleveland, Ohio. Jason Miller | Getty Images Whether it’s two people in a marriage or a company and a sports league, it’s not easy to break up

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Grocery sales rise as fast food prices increase

Getty Images (L) | Reuters (R) Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter’s sales growth

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