Amazon distances itself from Echelon’s EX-Prime bike and tells the company to change the product’s branding.
Exercise gear maker, Echelon Fitness on Tuesday launched its EX-Prime bike, calling it “Amazon’s first-ever connected fitness product” developed in collaboration with Amazon. The move sent shares of exercise bike maker Peloton tumbling as much as 6%. Amazon, however, issued a statement denying any partnership with Echelon or the Prime bike, stating that the bike was neither an Amazon product nor related to Amazon Prime. Click here to read more
On Wednesday, Citigroup Inc said it would set aside over $1 billion to support initiatives that help close the racial wealth gap and increase economic mobility for Black people. The fund will be channelled towards a three-year scheme that would involve providing greater access to banking and credit in Black communities, increased investment in Black-owned business and expanding homeownership among Black Americans. Click here to read more
Brookfield Properties (NASDAQ: BPY), one of the biggest retail real estate owners in America, is going through a massive round of job cuts as the pandemic dries up new leasing activity at its malls. In an email to employees, the CEO, Jared Chupaila disclosed that the company decided to make cuts to align with the future scale of its portfolio and the reductions would affect about 20% of the company’s workforce. A number of other department stores including Simon Property Group and CBL & Associates have also made similar moves due to the pandemic. Click here to read more
Looking for some insight into what the stock market means and how it works? Download, read and share this stock market guide we prepared just for you.
Here are the biggest movers in pre-market trading
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
At the beginning, I was still puzzled. Since I read your article, I have been very impressed. It has provided a lot of innovative ideas for my thesis related to gate.io. Thank u. But I still have some doubts, can you help me? Thanks.
Thank you very much for sharing, I learned a lot from your article. Very cool. Thanks. nimabi
Your article helped me a lot, is there any more related content? Thanks!
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.