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This is the best kind of deja vu: Amazon’s second Prime Day-like sale this year is now on — for the first time in Prime Day history. The Prime Early Access Sale (running through Oct. 12) has sitewide savings for Prime members on categories from skin care and home goods to tech and fitness equipment. To help you make the most of the fleeting shopping holiday, we compiled some of the best Prime Day deals live on Amazon that offer top products at their lowest price ever, plus highlighted other notable deals from counter sales at other retailers. Prime Early Access Sale: The best deals on products at their lowest price everBelow, we’re sharing the best products — based on our previous coverage and reporting — that are at their lowest price ever during the Early Access Prime Sale. It has a 5,000mAh battery that, according to the brand, should last for more than a day on a single charge.
For the first time in Prime Day’s history, Amazon is hosting two Prime Day-like events in the same year. Prime Early Access Sale: The best dealsBelow, we’re sharing the best deals from the Prime Early Access Sale based on our previous coverage and reporting. 4.6-star average rating from 72,008 reviews on AmazonThe Keurig K-Mini is one of our favorite single-serve coffee makers. Prime Early Access Sale: The best sales on AmazonHere are the best Prime Day sales on Amazon right now that we think you’ll want to know about. Prime Early Access Sale: The best sales at other retailersIn addition to Amazon, the following retailers are offering Prime Day sales we recommend.
The Best Fitness Deals During Amazon’s October Early Access Sale
  + stars: | 2022-10-11 | by ( ) www.wsj.com   time to read: +4 min
Space-friendly exercise bikeChances are, you’re familiar with the Peloton exercise bike, and thanks to Amazon’s two-day sale, it’s 15% off. Extra-large exercise matIf you want a 2-inch-thick mat that offers a lot of space to move around, this one from We Sell Mats at 4-by-10 feet is 15% off, down to $200, in Amazon’s big sale. The set comes with a 30-day iFit Family Membership for streaming workouts, which auto-renews unless you cancel. This is an excellent sale price: The set is often $500 and we’ve seen it drop below this Amazon price only once before. Right now, it’s down 20% to $52 in Amazon’s sale.
Amazon's two-day "Prime Early Access Sale" is underway. CNBC's Select has a full roundup of best early Amazon Prime Day deals. Unlike July's Prime Day, Amazon is featuring more gift suggestions this month — with more deals on well-known brands, such as Lego, Barbie and Sony — rather than household goods. "They will try to hit all of the big holiday gifts: home decor, apparel, name brand accessories and toys, toys, toys," said Casey Runyan, managing editor at online discount marketplace Brad's Deals. "The summer Prime Day was very toothpaste; that's not the same as buying that great kitchen appliance or hot toy," Runyan added.
Lab tie-up would have multiple ailments
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 11 (Reuters Breakingviews) - Qiagen (QIA.DE) may once again find itself at the centre of an M&A drama. The $10 billion German lab tester is in talks with $10 billion U.S. life-science company Bio-Rad (BIO.N), the Wall Street Journal reported on Monday. Any deal would follow Thermo Fisher Scientific’s (TMO.N) failed attempt to buy Qiagen for 11.3 billion euros ($11 billion) back in 2020. Regulators in the United States and Europe have been increasingly wary of tie-ups that could lead to higher prices. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Trustbusters’ metaverse gambit
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Oct 10 (Reuters Breakingviews) - Mark Zuckerberg isn’t the only one making risky gambits in the metaverse. On Friday, trustbusters at the Federal Trade Commission pared back their arguments against Meta Platforms’ (META.O) acquisition of virtual reality app maker Within. The agency run by Lina Khan stepped back from initial arguments that Meta’s Beat Saber game competes directly against Within’s Supernatural fitness app. That was always an odd stretching of definitions that both limited the market to a thin slice of virtual reality and at the same time included wildly disparate apps. That resembles arguments against the 2015 merger of sterilization companies Steris and Synergy – a case the FTC lost.
BoE’s insurance policy raises question of next act
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 10 (Reuters Breakingviews) - The Bank of England is taking out insurance against a market meltdown. On Monday, the central bank said it was ready to double the daily limit of its bond-buying programme from 5 billion pounds to 10 billion pounds. This will cost users just 15 basis points above the base rate, although they face haircuts of up to 42%. (By Aimee Donnellan)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Corporate America may be overstuffed with workers
  + stars: | 2022-10-07 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Oct 7 (Reuters Breakingviews) - The U.S. job market is still hot, and that could be a weakness. This shows some strength in the economy, just as Federal Reserve Chairman Jay Powell furiously hikes interest rates to fight inflation. As interest rates have risen rapidly, making people feel less wealthy, consumers have pulled back on their buying. Corporate America was caught off guard with a sudden change in demand. (By Jennifer Saba)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.
ByteDance might deserve its most-watched status
  + stars: | 2022-10-07 | by ( ) www.reuters.com   time to read: +2 min
It’s a good show despite a stalled initial public offering plan, a global tech rout, and a politically difficult reception for its popular short-video streaming app. The company eked out an operating profit, too, in the first three months this year. ByteDance might be eating its rival’s lunch in more ways than one. (By Yawen Chen)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Peloton is cutting another 500 jobs in a move that CEO Barry McCarthy said should position the struggling fitness equipment maker to return to growth. The cuts, which amount to about 12% of Peloton’s workforce, mark a pivot point for the company, McCarthy told CNBC Thursday. McCarthy has overseen drastic changes to Peloton’s business model this year as the company struggled with sales after a boom during the earlier days of the Covid pandemic. McCarthy talked to CNBC after The Wall Street Journal reported on remarks he made about where the company could stand in six months. “I’m feeling about as optimistic as I’ve ever felt,” he said, reflecting on the changes the company made over the past several months.
Seems counter-intuitive, but the Fed (and much of Wall Street) is actually rooting for that number to go down. Here’s the thing: Before the pandemic and its whiplash-inducing economic rebound, the US economy averaged about 200,000 new jobs each month. In the last jobs report, wages were up 5.2% over the last 12 months. GRIM PROGNOSIS(CNN Business) Peloton announced yet another round of layoffs — its fourth round of cuts this year — as its new CEO attempts to shore up the company’s bottom line. And if it fails, McCarthy told The Wall Street Journal, Peloton likely isn’t viable as a stand-alone company.
Peloton races tough economic cycle
  + stars: | 2022-10-06 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, Oct 6 (Reuters Breakingviews) - Peloton Interactive (PTON.O) is pedaling as fast as it can. The maker of connected bikes plans to cut 500 more jobs, or about 12% of its workforce, according to the Wall Street Journal. And even though McCarthy has steadily trimmed the cash burn, free cash flow was a hefty negative $412 million in the three months to June 30. Peloton, whose market value has plummeted 90% in a year, is coming precariously close to the end of a wild ride. (By Sharon Lam)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.
New York CNN Business —Peloton is undergoing another round of layoffs — its fourth this year — with about 500 jobs being eliminated, as the troubled exercise company looks to cut costs to improve its bottom line. The company announced in August that it was closing a substantial amount of its 86 retail stores in North America. “Together, we have dramatically restructured Peloton’s business. He announced layoffs of 800 employees in early August to “become more efficient, cost effective, and agile.” Other changes outsourcing delivery — which is currently done by Peloton employees — and customer service to third parties. Update: This story has been updated with Peloton’s statement and details of the CEO’s memo to employees.
Peloton to cut 500 jobs in last bid turnaround
  + stars: | 2022-10-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeloton to cut 500 jobs in last bid turnaroundCNBC's Squawk Box crew discusses reports that Peloton has announced it will cut another 500 jobs, or about 12% of its remaining workforce, in an attempt to turn around the company.
This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. New this weekOur Place, the creator of the much-loved Always Pan, is expanding its kitchenware offerings to include a new ceramic tableware set. If you’re a small-apartment dweller, or just a tiny-kitchen owner, Caraway’s new mini cookware set could be for you. Christina ColizzaI didn’t technically buy the Ooni Koda pizza oven for myself, but I plan to benefit from it. But they have been a godsend: [The lids] click into place so easily, and a single lemon lasts me weeks now.
In February, John Foley, Peloton's co-founder, announced that he would step down as CEO. He was at the helm during the company's pandemic-fueled rise and its subsequent sharp drop in demand. Barry McCarthy, who was once CFO of both Spotify and Netflix, took over the top spot. Peloton co-founder John Foley Mark Lennihan/AP
A Dick's Sporting Goods store is closed due to the outbreak of coronavirus disease (COVID-19) in Washington, DC, U.S. April 10, 2020. REUTERS/Joshua RobertsSept 29 (Reuters) - Peloton Interactive Inc (PTON.O) said on Thursday it will start selling its bikes, treadmills and other products in Dick's Sporting Goods Inc (DKS.N) stores, as the exercise bike maker looks to expand its customer base to lift sagging sales. Following the partnership, Peloton's products will be available in more than 100 Dick's Sporting Goods stores and also on its e-commerce platform, according to the statement. Last month, Peloton struck a partnership with Amazon.com Inc to sell some of its fitness equipment on the online retailer's U.S. platform. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Nair in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Credit Suisse lowers price target on Club holding Constellation Brands (STZ) to $277 per share from $292, without any real reason. Citi cautious on Alibaba (BABA), cuts price target $146 per share from $159. Credit Suisse cuts Paychex (PAYX) price target to $138 per share 150, even though they raised the estimates. Starts with a buy and a $65 per share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Peloton will begin selling its bikes, treadmills and other products in Dick's Sporting Goods stores, marking the struggling fitness equipment maker's latest push to expand its customer base. The collaboration will make Dick's the first brick-and-mortar retailer outside of its namesake stores to carry Peloton equipment. The companies do not yet have a launch date, but said they are aiming to have Peloton products in more than 100 Dick's stores in time for the holiday shopping season. Dick's shoppers also will be able to order Peloton products online in stores for either delivery or pickup. Peloton and Dick's won't vary in its product pricing, although Dick's will not carry the recently announced $3,195 Peloton rowing machine, which is currently only available for preorder.
That's right: Amazon has confirmed it's hosting another Prime Day-esque event, slated to take place next month. It's official: Amazon is hosting a second "Prime Day" sales event. Here's what we know so far:The "Prime Early Access Sale," will be held on October 11 and 12. As with Prime Day, the Prime Early Access Sale is exclusively available to Amazon Prime subscribers. But as long as you sign up before the event ends on October 12, you'll be able to partake.
This is the first time Amazon is hosting Prime Day twice in one year, but it’s not the first time Prime Day has been scheduled for October. Because you know another one will be around the corner soon enough.”Do I need a Prime membership to get Amazon Prime Day discounts? July 2022 Prime Day bestsellersEvery year, Amazon announces bestselling Prime Day products worldwide as well as in select countries. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset. One of the biggest differences between July’s Prime Day and October’s Prime Day is consumer mindset.
Peloton Seeks First CMO as Marketing Head Exits
  + stars: | 2022-09-26 | by ( Katie Deighton | ) www.wsj.com   time to read: +3 min
Peloton Interactive Inc. is on the hunt for its first chief marketing officer after Dara Treseder, the company’s global head of marketing, communications and memberships, announced that she was going to leave the fitness technology firm—joining a string of leaders to do so. She is set to join Autodesk, a design and manufacturing software business, as its chief marketing officer on Oct.14. Peloton is now seeking to hire its first ever chief marketing officer, a spokesman for the company said, following Ms. Treseder’s resignation, which was first reported by the New York Times. Peloton doesn’t plan to refill the commercial chief position, a move that, coupled with the CMO headhunt, signifies Mr. McCarthy’s vision to rewrite Peloton’s C-suite roles. Peloton global head of marketing Dara Treseder joined us in Cannes to discuss navigating the complicated conditions of 2022.
Two subsidiaries of French bank Crédit Agricole Group’s corporate and investment banking arm have agreed to pay more than $1.12 million in civil penalties to settle alleged violations of U.S. sanctions, the Treasury Department said on Monday. Separately, CFM Indosuez Wealth, a Monaco-based indirect subsidiary also of Crédit Agricole Corporate and Investment Bank, has agreed to pay $401,039 for allegedly violating sanctions against Cuba, Iran and Syria, OFAC said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Representatives of Crédit Agricole Corporate and Investment Bank didn’t immediately respond to a request for comment. The two subsidiaries were responsible for implementing the compliance policies of their two parents, Crédit Agricole SA and its investment banking arm, but failed to do so from as early as 2011 until 2016, according to OFAC.
Peloton Seeks CMO as Marketing Head Exits
  + stars: | 2022-09-26 | by ( Katie Deighton | ) www.wsj.com   time to read: +3 min
She is set to join Autodesk, a design and manufacturing software business, as its chief marketing officer on Oct.14. Peloton briefly hired a chief marketing officer in 2016, but months later decided to place its marketing function under the purview of the chief commercial officer, the spokesman said. Peloton global head of marketing Dara Treseder joined us in Cannes to discuss navigating the complicated conditions of 2022. Write to Katie Deighton at katie.deighton@wsj.comCorrections & AmplificationsPeloton has hired a chief marketing officer in the past. An earlier version of this article incorrectly said Peloton is looking to hire its first ever chief marketing officer.
Peloton's head of marketing is leaving the company, just weeks after a broader executive shake-up at the exercise equipment maker. At Peloton, she oversaw marketing and membership, reporting to CEO Barry McCarthy after the departure of Kevin Cornils, the company's chief commercial officer. She also oversaw Peloton's expansion to Australia and its partnerships with Beyonce and Usain Bolt. Treseder, who previously led marketing teams at Apple and Goldman Sachs, will be taking on the role of chief marketing officer at Autodesk. Peloton said it will look to fill the newly created role of chief marketing officer.
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