Shares of EV maker Canoo are surging after Walmart agrees to buy 4,500 electric delivery vans

July 12, 2022

Electric vehicle startup Canoo said Tuesday Walmart has agreed to buy at least 4,500 of its upcoming electric delivery vans, in a significant win for the embattled vehicle maker.

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PepsiCo raises revenue forecast as it deploys price hikes, smaller sizes to fight rising costs

PepsiCo on Tuesday raised its revenue outlook for the year, as inflation pushed up prices and people paid more for its Doritos chips and Gatorade drinks.

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Peloton will stop making its own bikes

Peloton will stop making its own bikes and treadmills, a drastic change for the struggling company aimed at cutting costs and ensuring its ability to remain afloat.

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