MoneyWatch: Peloton makes cuts as revenue drops

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MoneyWatch: Peloton makes cuts as revenue drops – CBS News

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Peloton is replacing its CEO and cutting jobs as the company faces a drop in revenue and demand. Plus, the electric vehicle industry is expanding in the U.S. with President Biden announcing the first charging manufacturing facility being built in Tennessee. New York Times DealBook editor Stephen Gandel joins CBS News at the New York Stock Exchange closing bell to discuss what’s moving the markets.

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