Peloton plans to sell its deluxe stationary bike at Costco this holiday season as the struggling connected-exercise company seeks to broaden its customer base.

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday.

Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced.

Peloton’s uphill ride to get more sales just got rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options.

It was the Peloton ride heard around the world.

Peloton says that the recall of its treadmills will shrink its revenue by $165 million in revenue in the current quarter.

The U.S. Consumer Product Safety Commission and Peloton are announcing two separate voluntary recalls of Peloton’s Tread+ and Tread treadmills.

Safety regulators are warning people with kids and pets to immediately stop using a treadmill made by Peloton after one child died and others were injured.

This Nov. 19, 2019, photo shows a Peloton logo on the company's stationary bicycle in San Francisco. Peloton is betting big that home workouts will continue to be popular next year and beyond, snapping up commercial exercise equipment maker Precor in a deal that will give Peloton its first manufacturing capacity in the U.S. Shares of Peloton jumped 13% in Tuesday, Dec. 21, 2020 trading, signaling investors like the move. (AP Photo/Jeff Chiu)A child was killed by a Peloton Tread+ fitness machine in what the company described as a “tragic accident.”In an email to Peloton customers Thursday, Peloton CEO John Foley acknowledged the fatality and urged consumers to secure their machines. “While we are aware of only a small handful of incidents involving the Tread+ where children have been hurt, each one is devastating to all of us at Peloton, and our hearts go out to the families involved,” Foley wrote. To continue reading the this article, visit NBCNews.com

HOUSTON – We love to shine a spotlight on our Houstonians doing amazing things and this star fitness trainer is one we’re excited for you to meet. Tunde spent 12 years as a makeup artist in L.A., she’s going on her second year as a Peloton instructor in New York City, but Houston will always be home. She’s living her best life in New York City and is a real powerhouse on the bike! A class with Tunde will never lack a great playlist and a positive message that goes beyond physical fitness. Make sure to catch Tunde on the bike, we promise you will not want to miss her!

Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. (AP Photo/Lee Jin-man)Asian stock markets rose Wednesday after President Donald Trump suggested he may veto a $900 billion economic aid package. Overnight, Wall Street’s benchmark S&P 500 index lost 0.2% after Trump criticized the aid plan approved by Congress. The Shanghai Composite Index rose 0.8% to 3,382.08 and the Nikkei 225 in Tokyo added 0.1% to 26,470.94. Tech companies rose.

The company that runs New York Sports Club and Lucille Roberts gyms filed for bankruptcy protection with COVID-19, still prevalent in man parts of the U.S., gutting membership rolls at fitness companies nationwide. Gold’s Gym sought bankruptcy protection in May and 24 Hour Fitness Worldwide filed for bankruptcy in June. The company lost $136 million during the first quarter this year, only a fraction of which included state- and city-mandated shutdowns of retail shops, gyms, salons, restaurants and bars. Home fitness company Peloton reported a 172% surge in revenue during its most recent quarter and it doubled its subscribers. Bike shops in New York, as well as most outdoor fitness gear sellers, have been largely cleared out.