Episode 137: The Fall of Peloton🚲 , Higher Inflation Numbers 📈

<p>Peloton is replacing embattled CEO John Foley and cutting about 20% of its workforce to help reinvigorate the flailing fitness company. Peloton also announced it will lay off about 2,800 employees, including about 20% of its corporate positions. That was a move that Foley hinted at a few weeks ago. The company is also reducing the number of warehouses it owns and operates and expanding delivery agreements with third-party providers, that will help the company save $800 million in annual costs. The rise in the consumer price index (CPI) survey – which measures the costs of a wide variety of goods – was the largest since February 1982. CPI rose 0.6% from December, higher than expected but still down significantly from last October when inflation rose 0.9% on a monthly basis. Inflation in America has been driven higher by soaring demand and a lack of supply caused by Covid-19’s global impact on trade. Price rises for food, electricity, and shelter were the largest contributors to the increase. The food index rose 0.9% in January following a 0.5% increase in December. The energy index also increased 0.9% over the month. After stripping out food and fuel – whose prices are volatile – inflation still climbed 6% on an annual basis. A nationwide shortage of used cars also continued to drive the rise. Used cars prices were 40.5% higher in January compared to a year ago. Housing costs rose 4.4% from a year ago.</p> <p>📚Books: https://www.amazon.com/s?k=reginald+seay&amp;crid=XNP2FB40Q3TH&amp;sprefix=reginald+seay%2Caps%2C232&amp;ref=nb_sb_noss</p> <p>📚 Course: https://market-marauders-complete-guides.teachable.com/p/the-complete-guide-to-cryptocurrency</p> <p>📚Website: www.marketmarauders.net</p> <p>🦩Twitter: @yourequest</p> <p>😎Instagram: market_marauders</p> <p>📧Email: reg24k@gmail.com</p> <p>🚧 DISCLAIMER🚧</p> <p>I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied here