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Peloton plans to sell its deluxe stationary bike at Costco to reach holiday shoppers
Read full article: Peloton plans to sell its deluxe stationary bike at Costco to reach holiday shoppersPeloton plans to sell its deluxe stationary bike at Costco this holiday season as the struggling connected-exercise company seeks to broaden its customer base.
Stock market today: Wall Street weakens ahead of a highly anticipated speech
Read full article: Stock market today: Wall Street weakens ahead of a highly anticipated speechU.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 to slash 780 jobs and hike prices in push to turn profit
Read full article: Peloton to slash 780 jobs and hike prices in push to turn profitPeloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking prices on some equipment in a bid to cut costs and become profitable.
Peloton recalls Tread+ and Tread treadmills after child death, more than 70 reported incidents
Read full article: Peloton recalls Tread+ and Tread treadmills after child death, more than 70 reported incidentsThe U.S. Consumer Product Safety Commission and Peloton are announcing two separate voluntary recalls of Peloton’s Tread+ and Tread treadmills.
Peloton CEO warns parents after Tread+ machine kills child
Read full article: Peloton CEO warns parents after Tread+ machine kills childThis 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
Meet Houston native and Peloton instructor, Tunde Oyeneyin, a powerhouse on the bike
Read full article: Meet Houston native and Peloton instructor, Tunde Oyeneyin, a powerhouse on the bikeHOUSTON – 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 stocks gain after Trump criticizes economic aid bill
Read full article: Asian stocks gain after Trump criticizes economic aid billAsian 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.
NY Sports Club latest chain to seek bankruptcy protection
Read full article: NY Sports Club latest chain to seek bankruptcy protectionThe 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.