Bloomberg Business

Peloton Shares Plunge on Weak Forecast and Expensive Recall

Peloton Interactive Inc. shares fell the most in more than six months after the fitness company gave a weak revenue forecast for the current quarter and said costs for a product recall were significantly more expensive than it anticipated.

IMF Board Approves $7.5 Billion Disbursement to Argentina

The International Monetary Fund’s executive board approved a $7.5 billion disbursement to Argentina on Wednesday, extending a financial lifeline to the cash-strapped government ahead of a tight presidential race.

FCC Invites Comment on Request to Deny Fox TV License Renewal

Regulators invited public comment on whether the US broadcast license for Fox Corp.’s TV station in Philadelphia should be renewed after a grassroots organization asked that it be denied, saying Fox knowingly broadcast false news about the 2020 election.

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