Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Sony (NYSE:SONY) is planning to launch a U.S. dollar stablecoin to power its digital ecosystem, according to Nikkei. Sony Bank, the online banking arm of the electronics and entertainment giant, plans to launch a dollar stablecoin in 2026, Nikkei reported on Dec.1. Users are expected to use the stablecoins to pay for games, anime and subscriptions within Sony’s ecosystem, the report said. Don't Miss: Mis ...

Core Insights - Peloton Interactive has faced significant challenges since its initial public offering in late 2019, particularly after the pandemic-driven surge in demand subsided [1][2] - The company is attempting to recover by implementing various strategies, but sales continue to decline [4][5] Company Performance - Peloton's sales decreased by 6% year-over-year in the first quarter of the 2026 fiscal year [4] - Membership numbers and paid connected fitness subscriptions also fell by 2% compared to the previous year [5] - Despite declining sales, adjusted EBITDA increased by 2% year-over-year, and the company reported a net income of $14 million [5] Strategic Initiatives - The current CEO, Peter Stern, has introduced a growth strategy that includes a new line of AI-powered fitness equipment and services [6] - The company has explored partnerships with wellness centers and corporations, as well as acquisitions and rental offerings to boost sales [4] Market Position - Peloton's stock has underperformed compared to the S&P 500, with one-year, three-year, and five-year total returns of -30%, -33%, and -94% respectively [9] - The stock is currently priced at $6.79, with a market capitalization of $3 billion [8]

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