The Latest Breaking News from John Foley

“At one point I had a lot of money on paper,” says Peloton’s ex-CEO John Foley.

Earlier this month, popular instructors Kristin McGee, Kendall Toole, and Ross Rayburn announced they were leaving.

It’s been a year of historic selloffs for U.S. equities.

The cofounder and former CEO of Peloton is all set to launch his new venture making custom-fitted rugs.

Peloton co-founder and former CEO John Foley faced repeated margin calls on money he borrowed against his Peloton holdings before he left last month.

The major stock market indexes losses mounted in the noon hour of trading on Tuesday, and were at the lows of the day. The stock market punished investors on higher-than-expected August CPI (consumer price index) inflation results. The Nasdaq dropped 4%, leading the losses. The S&P 500 lost 3.2%. The…

"Now it is time for me to start a new professional chapter (and) I m leaving the company in good hands," said outgoing co-founder John Foley.

Stock futures add to gains ahead of inflation data; Headline CPI may tumble, but core likely sticky; Peloton slides as co-founders depart; Oracle bumps higher on cloud revenue forecast and Starbucks investor day to guide new CEO strategy.

Peloton Interactive Inc (NASDAQ: PTON) shares were trading lower in Monday's after-hours session after the company announced that co-founders John Foley and Hisao Kushi will step down from their roles at the connected fitness company.<