Peloton shares soar after major revamp ends two-year slump

Peloton Interactive Inc. reported its first sales increase in nine quarters and beat expectations, signaling that the fitness-equipment maker’s years-long turnaround effort is paying off, sending its shares soaring 28% on Thursday. The restructuring is aimed at stemming a decline in sales of premium home equipment, which had been strong during the pandemic, as rising […]

Owner of 60 Wall St. makes bold bet with massive $250M revamp

The beleaguered Financial District’s best hope — and its owner’s biggest challenge — is 60 Wall St., a vacant, 1.6 million-square-foot tower where Paramount Group has launched a marketing and leasing campaign as it completes a $250 million renovation. Developed for JPMorgan in the 1980s, the 47-storey tower was until recently owned by Deutsche Bank, […]