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Peloton Rallies After Tapping Ford Executive as Its Next CEO [Yahoo! Finance]
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Most Read from Bloomberg Is Denver's Big Bet on E-Bikes Paying Off? Chicago Mayor Seeks Property Tax Hike, Breaking Campaign Vow The Answer To Making Cities More Family-Friendly? Courtyards NY Transit Agency Takes Next Step on Brooklyn-Queens Rail Link A South Korean City Plays Matchmaker to Tackle a Fertility Crisis Stern — who is currently president of Ford Integrated Services and previously served as a vice president for Apple Inc. — will join Jan. 1, the company said Thursday. Peloton also released quarterly results and forecasts that showed its cost-cutting efforts are beginning to boost the bottom line, even as revenue continues to fall. The shares gained 28% to $8.50 in New York, Peloton's biggest single-day rally in more than two months. The stock had been up 9.2% this year through Wednesday. Peloton, which thrived during pandemic lockdowns, has been mired in a deep sales slump over the past three years. Tech veteran Barry McCarthy was hired in early 2022 to t
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