The outlook for stocks looks bleak in the short term, one Wall Street veteran warns.
Yahoo Finance reporter Allie Garfinkle details how Amazon will be updating several of its smart devices, including the Kindle, Ring, Echo Smart, and Fire TV.
Peloton Interactive (NASDAQ: PTON) became one of the hottest growth stocks during the pandemic as the temporary closures of gyms boosted sales of its connected exercise bikes and subscriptions. If inflation, rising interest rates, and other macroeconomic headwinds spur a global recession, consumers will have a lot less disposable income to lavish on Peloton's pricey bikes, treadmills, and subscription-based services. When Peloton went public back in late 2019, its original Bike cost $2,245 and the newer Bike+ cost $2,495.