Peloton slashes 15% of its staff as CEO Barry McCarthy steps down
The company said it moved forward with layoffs because it “simply had no other way to bring its spending in line with revenue.”
Ty Roush, Forbes Staff
Here’s what led to Republic First’s collapse – and why it’s different from 2023 failures
Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits and a struggling mortgage lending business.
America’s TikTok ban just got one step closer – Here’s what you need to know
TikTok opposes the legislation, saying it will “trample the free speech rights” of millions of Americans.
Tesla recalls nearly 4,000 Cybertrucks over accelerator pedals that can get stucked
Regulators said the issue was likely caused by an unapproved soap used during manufacturing.
Parkinson’s Disease drug Tavapadon significantly improved symptom control, Cerevel says
Patients who used the drug experienced more time without experiencing involuntary and erratic movements.
Bitcoin plummets after Iran launches attack on Israel
The cryptocurrency climbed to a record high last month amid a months-long rally.
Spotify to increase prices this year and launch new tier
The price hikes will help cover the cost of audiobooks, a new service offered by the company, Bloomberg reported.
Elon Musk’s SpaceX developing $1.8 billion spy satellite network for the US, reports
A contract between SpaceX and the U.S. is worth $1.8 billion, Reuters reported.
Spain bans Sam Altman’s Worldcoin amid data collection concerns
Worldcoin said the ban was “circumventing” European Union laws while spreading “inaccurate and misleading” claims.
Apple rolls out quantum-proof encryption for iMessage amid hacking threats
The company claims the new security protocols “surpass those in all other” messaging apps.