Peloton Interactive Inc. shares closed 35.3 percent lower on Friday, wiping off about $9.2 billion in market value as analysts predicted a tough path ahead for the pandemic darling amid a return by economies to normalcy. At least 15 analysts lowered their price target on the Peloton stock after the company cut its annual sales…
Peloton’s Value Drops $9.2 Billion as Wall Street Predicts Tough Road Ahead
US Regulators Probe Peloton Over Treadmill Injuries
Peloton Interactive Inc said on Friday U.S. regulators were investigating the company, adding to the exercise bike maker’s woes as it deals with a backlash over reports of accidents involving its treadmills. The U.S. Department of Justice and the Department of Homeland Security have subpoenaed the company for documents and information over injuries from its…
Mollema Wins Tour’s Hilly 14th Stage, Pogacar Keeps Big Lead
QUILLAN, France—Tadej Pogacar will head into the final week of the Tour de France with a commanding advantage to retain cycling’s elite title after he was unchallenged on the 14th stage won by Bauke Mollema on Saturday. Pogacar’s remaining rivals are all well behind in the standings—held off from attacking the defending champion during the…
NTD Business Full Broadcast (May 24)
Gold at a 4-month high. Are investors more worried about inflation? And what powers does the Fed have to fight it? Blank check companies, also known as special purpose acquisition companies (SPACs), beat an all-time IPO record. Global SPAC proceeds this year are already over 20 percent higher than all of last year. So why are…
NTD Business Full Broadcast (May 7)
The American jobs recovery slowing as the labor department reports only about 260,000 jobs were added in April. Peloton shares are up again. They tumbled after the company announced the recall of its treadmills over safety issues. Why is the company remaining strong? One of the world’s biggest investment banks is getting involved with the…
After Child Dies, US Regulator Warns About Peloton Treadmill
NEW YORK—Safety regulators warned people with children and pets Saturday to immediately stop using a treadmill made by Peloton after one child died and others were injured. The U.S. Consumer Product Safety Commission said children and at least one pet were pulled, pinned and entrapped under the rear roller of the Tread+ treadmill, leading to…
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