Fashion week is underway in New York City, Dozens of designers will display their new lines in hopes of building interest and landing buyers. Tiffany Yannetta, Shopping Director at Racked, shares her take on the top trends to look out for at NYFW 2018. In other fashion news, Christian Louboutin could lose its trademark on a red-soled stiletto. Yannetta weighs in on how the court case could impact the fashion line.
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Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
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Peloton CEO Disputes Claims of Massive Layoffs and Production Hault
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NCAA Updates Policy For Transgender Student Athletes
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Will Forte to Host SNL With Musical Guest Måneskin
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TikTok to Test Paid Subscription Model on Its Platform
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NCAA New Constitution Gives Divisions Say Over Student Athlete Compensation
The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
