Peloton slashing 780 jobs, closing stores and hiking prices in push to turn profit

Peloton is slashing about 780 jobs, closing a significant number of its retail stores and hiking the prices of some of its equipment in a bid to be profitable....

Salman Rushdie reportedly on a ventilator and unable to speak after he was stabbed

Salman Rushdie was attacked at a Chautauqua Institution panel in western New York on Friday....

Even airline employees are having trouble finding a seat home from Europe this summer

American Airlines and United Airlines are among the carriers discouraging employees from using their travel perks to fly to Europe this summer....

How Sri Lanka's economic collapse raises alarm bells for other emerging markets

Sri Lanka is facing the worst economic collapse in its modern history. Many experts believe the country's story is a warning sign for emerging markets....

Ultra-rich fueling sales of luxury brands despite inflation and recession fears

High-end luxury brands are reporting strong sales even as retailers catering to more mainstream customers cite a pullback in consumer spending....

Clothing subscriptions like Stitch Fix were once hot – but now might be the victims of ‘box fatigue’

Retailers rushed to enter the subscription space, curating boxes of clothing and other items. But consumers are showing signs they're no longer interested....

Blumhouse's 'The Black Phone' shows that horror, and original storytelling have a place at the box office

Blumhouse and Universal's "The Black Phone" has surpassed $150 million at the global box office....

Passage of Inflation Reduction Act gives Medicare historic new powers over drug prices

The legislation represents a historic expansion of Medicare's power that was fiercely opposed by the pharmaceutical industry....

Blumhouse, studio known for highly profitable horror films, is no longer producing Mattel's Magic 8 Ball movie

Blumhouse is no longer producing Mattel's Magic 8 Ball movie....

Best Buy cuts jobs across the country, after warning of slower sales

The retailer cut its sales forecast in late July, saying consumers are skipping over big-ticket items as they get hit by inflation....