Peloton delays May launch of its less expensive treadmill in the U.S. after recall

Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton said Thursday it will delay the launch of its Tread machine in the United States, until new safety features are added. The new, less expensive treadmill was set to go on sale on May 27. Chief Executive John Foley said during an … Read more

Peloton stock sheds $4 billion in market value in 1 day over its treadmill debacle

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the fitness equipment maker apologized for not voluntarily … Read more

Peloton recalling all treadmills after reports of injuries, one death

A Peloton Interactive Inc. Tread exercise machine for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton announced Wednesday voluntary recalls of both its treadmill machines over safety concerns. The announcement marked a major reversal of Peloton’s initial reaction, and comes after … Read more

More earnings, April’s big jobs report and inflation worries could swing markets in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more … Read more

The post-pandemic spending spree has begun. Here are 6 things Americans are buying

Shoppers wearing protective masks carry bags on Market Street in San Francisco, California, on Wednesday, April 14, 2021. David Paul Morris | Bloomberg | Getty Images Shoppers are emerging from their cocoons and aspiring to switch it up from sweatpants, stubble and streaming. With each day, more Americans are getting Covid-19 vaccines. As spring temperatures … Read more

U.S. agency tells consumers to stop using Peloton’s Tread+ treadmill

Peloton Co-Founder and CEO John Foley speaks during the TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco. Kimberly White | Getty Images The U.S. Consumer Product Safety Commission on Saturday said consumers should stop using the Tread+ treadmill from exercise equipment maker Peloton if small children or pets are … Read more

New York poised for a banner IPO year, showing that Silicon Valley isn’t the only tech hub

Traders on the floor of the New York Stock Exchange. Source: NYSE Wall Street has long made New York the center of the banking universe. But the city’s tech scene is finally having its moment. After a smattering of IPOs over the last decade from companies like Etsy, MongoDB, Datadog and Peloton, there’s a whole … Read more

Peloton and Adidas are working together on an exclusive apparel line

The new collection — labeled as adidas x Peloton SS21 — was designed with help from some of Peloton’s top cycling instructors, including Robin Arzón, Ally Love and Cody Rigsby. Source: Peloton Peloton and Adidas announced Thursday they’re working together to create a new line of athletic apparel and lifestyle gear, in inclusive sizes and … Read more

Sluggish Covid vaccine rollout threatens Wall Street’s rosy outlook

Reuters: Scott Mlyn | CNBC Wall Street has bet on a swift recovery from the coronavirus pandemic, anticipating that Americans will fill up restaurants, book vacations, board planes and buy new wardrobes as soon as they get Covid vaccines. Investors pushed the S&P 500 to a record at the end of 2020, with the index … Read more