Peloton warns to keep kids away from treadmills
Peloton is sending a warning out to owners of its Tread+ treadmills, saying children should be kept away from the machines. It comes after a child died in an accident involving a Tread+. AdHe said Peloton is โaware of only a small handful of incidents involving the Tread+ where children have been hurt.โThe exercise equipment company said in a statement it is shocked and saddened by the incident. In general, exercise equipment can be particularly dangerous for children. A 2014 U.S. National Institutes of Health study found that 25,000 kids under the age of 10 are injured by exercise equipment each year.
Asian stocks gain after Trump criticizes economic aid bill
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 Streetโs 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
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. Goldโs 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.
Peloton offering at-home workouts during coronavirus pandemic
Peloton offering at-home workouts during coronavirus pandemicPublished: April 20, 2020, 10:10 amJulie Broughton caught up with a Peloton fitness instructor Cody Rigsby to talk about the importance of at-home workouts during the coronavirus pandemic.