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BLOOMBERG Bloomberg July 3, 2024

Dani katie welcome to Bloomberg Markets. You look at markets at the moment and you can see there some green on the screen a high me. You can see the s p 500 currently up by about 3 10 of a percent. You look at big tech right now the nasdaq 100 even higher paid 4 10 of a percent. Small moves overall. A change in direction after a pretty rocky start. Taking a look at the Philadelphia Semiconductor index you can see that sleeving games right now. Lets get right to one of the big stories today and that is peloton. The Fitness Company announcing its ceo is stepping down after two years. Its also cutting 15 of staff as part of its restructuring efforts and among Bloomberg Technology joins us with more details and i hate to say this was a surprise wha ....

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Carvana lays off 12% of workforce, many over Zoom

Carvana announced it will be laying off 2,500 employees, a full 12% of the company's workforce. Many of the employees learned they were being laid off during a Zoom meeting Tuesday. ....

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