Peloton to cut 500 jobs as company's turnaround efforts continue

Peloton’s shares surged more than 400% in 2020 amid pandemic lockdowns, but sales have slowed as more people go back to the gym.

Peloton Bike coming to all Hilton-branded hotels in US by end of 2022

Hilton Honors members who are first-time Peloton users will also receive a 90-day trial to the fitness giant's app and preferred pricing on select connected fitness products.

Housing market likely to tip economy into recession in 2023: Fannie Mae

A slowing housing market could bring a recession as soon as the first quarter of 2023, according to Fannie Mae. Here's what that means for you.

Kim Kardashian pays over $1M to settle SEC charges related to crypto promo on Instagram

The SEC said Kim Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram about EMAX tokens — a crypto asset security offered by EthereumMax.

DC Attorney General sues Liberty Tax claiming it misled thousands of customers

Attorney General Karl Racine is putting Liberty Tax on notice after filing a lawsuit against the company claiming that it mislead and secretly increased the cost of tax preparation for thousands of D.C. taxpayers.

Final GDP estimate for Q2 confirms negative economic growth

GDP contracted in the second quarter of 2022, according to the final estimate from the Bureau of Economic Analysis (BEA). Here's what that means for you.

Peloton, Dick's Sporting Goods partner to sell equipment

The deal, announced Thursday, marks the exercise and equipment company's latest bid to broaden its market share and become more profitable ahead of the holiday season.

Apple Pay Later unexpectedly delayed until further notice

Apple Pay Later was not released with the iOS 16 update as expected, and the company has not given a new date for its release.

Costco CEO says hot dog combo price might remain $1.50 forever

Costco CFO Richard Galanti said the company's gas and travel sectors allowed the company to make up for loss at the food court.

Macy's hiring 41K seasonal workers for the holidays

Macy's plans to hire 41,000 full and part-time seasonal workers for the upcoming holiday season. Over 10,300 seasonal workers in 2021 joined the company full-time.

ON THE HILL: Expert weighs in on whether the US is headed for recession

In case you missed it Sunday morning, FOX 5's "On the Hill" program hosted economic expert Danny Leipziger to talk about the latest on the U.S. economy, including how to control inflation and whether the country is headed for a recession.

Social Security benefits forecast revised for 2023 as inflation eases

Social Security benefits are expected to increase in 2023, but could be less than previously forecasted, according to The Senior Citizens League. Here's how much of an increase retirees could see in 2023.

Gap slashes 500 corporate jobs after pandemic, supply chain issues

The job cuts follow years of struggles at the San Francisco-based retailer, which operates stores under its namesake brand as well as Old Navy, Banana Republic and Athleta.

Kanye West drops The Gap, starts his own stores

"I'm an innovator, and I'm not here to sit up and apologize about my ideas," Ye told Fox News. "I'm fighting for a position to be able to change clothing and bring the best design to the people at a price they can accept."

Bed, Bath & Beyond store closures: Here's the full list

Bed Bath & Beyond has announced which stores it will close in a cost-cutting move to try and turn around its beleaguered business.