(Bloomberg) -- With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking staffing needs. That’s included freezing hiring, rescinding offers and even laying off workers.Most Read from BloombergFBI Raid Focused on Material Trump Brought from White HouseChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsS&P 500 Finishes Lower After Wiping Out 1% Rall
You would be correct if you guessed fitness equipment specialist Peloton Interactive (NASDAQ: PTON). Now, everyone loves a good comeback story, which could certainly happen for Peloton. Peloton rose to glory during the pandemic, when lockdowns closed gyms and stimulus checks gave consumers plenty of money to try out its Bike product.
(Bloomberg) -- Barclays Plc’s blunder with US structured notes is giving investors a way out of bets gone horribly wrong.Most Read from BloombergManchin Spending Deal Includes Billions in Oil Import TaxesYou Won’t Like What Comes After InflationPelosi Is Expected to Visit Taiwan, Ramping Up US-China TensionsChina’s Rebound Remains Fragile as Factories, Property SlumpThe bank revealed on Monday the list of securities it will buy back at their original price, as required by regulators due to a pap