Peloton stocks crash amid Christmas ad controversy
Exercise bike manufacturer Peloton is facing 1.5 billion USD in losses as the company's stock nosedived following a controversial Christmas advertisement campaign for their new exercise bike, which has been widely criticized on social media for containing sexist tropes. The ad video features a woman getting a Peloton exercise bike from her partner despite already being slim and fit, which viewers say reinforces unrealistic body expectations.
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Best performing stock market in Asia
Best performing stock market in Asia
A New York-based financial markets research firm marketcurrentswealthnet.com termed Pakistan Stock Exchange as the best performing stock exchange in Asia and fourth-best in the world. "PSX benchmark KSE-100 index has given a return on investment of 38.5% in dollar terms as foreign capital has been flowing into the market after the yield on the nation's bond fell below double digits," the report said.
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AA
Starbucks stock soars after re-opening news
Starbucks stock rose 3% in extended trading Monday after the coffee giant announced plans to reopen more than 85% of its U.S. stores by the end of this week. By early June, the Seattle-based company expects to have more than 90% of its stores open with limited hours. The Seattle-based company expects mobile pay to play an even more prominent role in transactions.
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Marketwatch
Tesla shares tank after Elon Musk tweets the stock price is 'too high'
Shares of Tesla dropped as much as 12% Friday after CEO Elon Musk tweeted that the company's shares are priced "too high." The company just days before reported a strong quarter, sending shares higher. The agreement came after Musk's famous tweet in August 2018 saying he wanted to take Tesla private at $420 per share and that he had secured the funding to do so.
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Cnbc
Mackenzie Bezos becomes richer than Mukesh Ambani
MacKenzie Bezos made a fortune out of divorce settlement with former husband Jeff Bezos. As Jeff Bezos works hard to grow the company, MacKenzie Bezos is reaping the benefits. Her decision to keep Amazon stocks made her the world's 17th richest person. Her total wealth stands at around $46.6 billion thanks to the Amazon stock. She just crossed India’s richest person Mukesh Ambani whose net worth stands at $44.3 billion
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