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☆ Amazon's second Prime Day is coming in October, and it's called the 'Prime Early Access Sale' — here's what to expect
▼ + stars: | 2022-09-26 | by ( William Antonelli | Tech Reporter For Insider Reviews | Read More | ) www.businessinsider.com time to read: +3 min

Called the "Prime Early Access Sale," the two-day sales event will feature early access to holiday deals. The Prime Early Access Sale is only available to current Amazon Prime subscribers. It's called "Prime Early Access Sale," and it will run from October 11 to October 12. We also expect some early deals leading up to the Prime Early Access Sale. Like Prime Day, the Prime Early Access Sale is exclusively available to Amazon Prime subscribers.

☆ How Peloton went from a pandemic-era success story worth $50 billion to laying off more than 4,000 workers and losing 3 top execs in a month
▼ + stars: | 2022-09-26 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +14 min

Peloton's stock has been trading well below the IPO price of $29 per share, at one point dropping as low as $8.22. Prior to founding Peloton, Foley was president at Barnes & Noble, overseeing its e-commerce business. "I would say that it took about five years for the really smart money to start getting involved," Foley told Insider in 2018. The ad, featuring a woman whose husband gifts her a Peloton bike for Christmas, was viewed as being sexist and playing into outdated standards of beauty. Public outrage over the ad sent Peloton's stock plunging 9%, wiping out $942 million in market value in a single day.

☆ How Peloton went from a pandemic-era success story worth $50 billion to laying off more than 4,000 workers and losing 4 top execs in a month
▼ + stars: | 2022-09-26 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +14 min

☆ New & Notable: Latest releases from Amazon and Peloton
▼ + stars: | 2022-09-24 | by ( Gabriella Depinho | Gabriella Depinho Is A Production Coordinator For Select On Nbc News. | ) www.nbcnews.com time to read: +3 min

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. Shopping news: Walmart launches virtual fitting room and Peloton expands bike rentalsAccording to CNBC, this week Walmart is launching a virtual fitting room with Zeekit, a virtual fitting room startup the company bought last year. Peloton is expanding its bike rental program nationwide after piloting the program in Texas, Colorado, Florida and Minnesota, according to CNBC. After paying a $150 “startup fee,” you can rent a Peloton Bike for $89 a month. Target announced its early holiday deal days (or Target Deal Days), from Oct. 6 to Oct. 8.

☆ Cycling’s Holiest Roller: The Vatican Enters the Sports World on Two Wheels
▼ + stars: | 2022-09-23 | by ( Joshua Robinson | ) www.wsj.com time to read: 1 min

When a cyclist named Rien Schuurhuis rolls up to the start of this weekend’s world championship road race, he’ll be wearing a curious jersey that no one in the peloton has ever seen before. That’s because the crisp white-and-yellow on his back will represent the sport’s newest, and smallest, racing nation. On Sunday in Wollongong, Australia—against the likes of France, Belgium, and Italy—Schuurhuis is set to be the one-man cycling team of the Vatican.

☆ 11 best exercise bikes in 2022 for indoor cycling
▼ + stars: | 2022-09-23 | by ( Justin Krajeski | Justin Krajeski Is An Associate Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +16 min

LEARN MORE Best exercise bikes to shopWhen it comes to deciding which stationary bike is best for you, it’s important to determine how much you’ll exercise — as well as where and when. Maybe you want to easily adjust the bike’s resistance, move its handlebars or just need something quiet for nighttime sweats. Best exercise bikes to shopWe highlighted stationary bikes that cost less than $700, focusing on those with great customer reviews. (Unlike most of the higher-end models, budget stationary bikes don’t list how many resistance levels they have.) (Unlike most of the higher-end models, budget stationary bikes don’t list how many resistance levels they have.)

☆ Snap Hires New Compliance Chief From Peloton
▼ + stars: | 2022-09-22 | by ( Mengqi Sun | ) www.wsj.com time to read: +1 min

The head of compliance and risk at Peloton Interactive Inc. has left the company and joined Snapchat parent Snap Inc.Bertrand Lanciault III, who goes by Lance Lanciault, joined Snap in August as the new chief compliance officer, overseeing its compliance and integrity efforts, according to a spokesman for the technology company. He joined Peloton in February 2021 after spending more than six years at Walmart Inc.’s e-commerce team, serving as the chief ethics and compliance officer there, according to his LinkedIn profile. Michael Del Negro, who joined Peloton in January as its vice president of product safety compliance, has been named the company’s acting head of compliance, risk and ethics and has served in this role since August, a Peloton spokeswoman said Thursday. Peloton said earlier this month that its co-founder John Foley, its chief legal officer Hisao Kushi, and Chief Commercial Officer Kevin Cornils, were leaving. Tammy Albarrán, who most recently was Uber Technologies Inc.’s chief deputy general counsel, will become Peloton’s new chief legal officer and corporate secretary, Peloton said in a statement earlier this month.

☆ Peloton Row, the company's much-hyped rowing machine, has finally hit the market for the handsome sum of $3,195
▼ + stars: | 2022-09-21 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The Peloton Row costs $3,195, with orders expected to ship in early December. The Peloton Row is now available for presale at $3,195, with orders expected to ship in early December. There are already rowers available for shoppers to try out at 18 of Peloton's retail stores across the US. In February, the company announced huge cost-cutting measures, including cutting about 20% of its workforce and scrapping plans to build its own factory. The company announced further rounds of layoffs in July and August, totaling around 1,400 workers.

☆ What Cramer is watching Wednesday — Fed day, Putin escalation, oil stock optimism
▼ + stars: | 2022-09-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Buy Club holding Ford into any Fed weakness. Barclays downgrades Club holding and Dow stock Cisco Systems (CSCO) to equal weight from overweight (hold from buy). Wells Fargo cuts PT to $75 tom $90 but keeps overweight (buy) rating. However, BofA keeps buy rating on Visa. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Apple Watch Ultra is worth $799 for serious athletes, but an unnecessary splurge for the rest of us
▼ + stars: | 2022-09-21 | by ( Sofia Pitt | ) www.cnbc.com time to read: +5 min

Apple Watch Ultra. Apple Watch Ultra box. Apple Watch Ultra unboxed. Apple Watch Ultra Sofia Pitt | CNBCWhile I've been testing it over the last week, I have received many comments. Apple Watch Ultra underneath.

☆ Mark Zuckerberg: The metaverse will unfold in 3 steps, and one is happening ‘sooner than I thought'
▼ + stars: | 2022-09-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Whether you're strapping in for a Peloton ride or buying up virtual real estate, Mark Zuckerberg says you've joined the metaverse. "This was sort of my theory: 'Gaming is use case number one for VR [virtual reality],'" Zuckerberg said on the podcast. And Zuckerberg said exercise apps are helping make those experiences more immersive, nearly physical, reality. This isn't the first time Zuckerberg has drawn a link from virtual fitness platforms to Meta's work. On repeated occasions, the Meta co-founder said he wants media to become more immersive and less distinguishable from physical reality.

A top concern for Americans: Are there layoffs on the horizon? Big companies are already announcing layoffs, including Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Walmart and Wayfair. This comes at a time when the labor market could hardly appear stronger. Not to mention, the labor market is still facing off against the "Great Resignation." "The Federal Reserve is raising interest rates at this point in an effort to slow down the job market, and that's going to mean more layoffs," Zandi said.

☆ Peloton adds $3,195 rowing machine to fitness machine lineup
▼ + stars: | 2022-09-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Peloton is adding a line of rowing machines to its lineup as the company works through a restructuring to expand its customer base and return to a profit. The fitness machine maker said on Tuesday it's launching Peloton Row, which starts at $3,195 and is now available for pre-order on its website. The rowing machine, which also requires a $44-a-month membership to Peloton's exercise classes and programs, joins the lineup of Peloton Bike, Peloton Bike+, Peloton Guide and Peloton Tread. Peloton Row, which had reportedly been in the works for some time, comes as the company has been working through a restructuring in recent months. Peloton had said it aims to reach break-even cash flow on a quarterly basis in the second half of fiscal 2023.

☆ Time for someone else to ride the Peloton bike?
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

Peloton also announced job cuts at the time of McCarthy’s hiring and revealed more layoffs in August. Peloton is one of several pandemic era winners that are now finding it difficult to keep the boom times going. With that in mind, Nike (NKE) or Adidas (ADDDF) could work out as potential Peloton buyers. Amazon (AMZN) is also compelling as a potential Peloton owner. Nike and Amazon were both mentioned in various media reports as potential acquirers for Peloton in February, just before McCarthy was hired.

From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. This comes at a time when the labor market could hardly appear stronger. In July 2022, there were 11.2 million job openings, revealing a shortage of workers for available positions. "The question is how steeply they will fall, how sharply they will fall, if they go back to 7 million [job openings], the level before the pandemic." Not to mention, the labor market is facing off against the "Great Resignation."

☆ A wave of layoffs is sweeping the US. Here are the major companies that have announced cuts so far, from Gap to Peloton.
▼ + stars: | 2022-09-20 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Netflix: About 150 peopleNetflix Co-CEO Reed Hastings. Getty Images LatamNetflix laid off around 150 people in mid-May, its second round of layoffs in 2022. The latest layoffs, which impacted "mostly US-based" staff, were due to "slowing revenue growth," according to a statement from a Netflix spokesperson. And executives warned at the time that further subscriber losses were predicted for the future. They blamed "revenue growth headwinds" in a report to shareholders and said that heavy Netflix use during the height of the COVID-19 pandemic had "obscured the picture until recently."

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Adobe, Peloton, Bed Bath & Beyond and more
▼ + stars: | 2022-09-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Oppenheimer reiterates Peloton as outperform Oppenheimer said it sees signs that Peloton's turnaround is starting to take hold. Bank of America reiterates Amazon as buy Bank of America noted that Amazon is poised to gain share, especially after FedEx's disappointing earnings report last week. JPMorgan reiterates Apple as overweight JPMorgan said in a note that demand remains "elevated" for Apple's latest iPhone models. Jefferies reiterates Bed Bath & Beyond as hold Jefferies said its analysis shows retailers such as Walmart and Target are key beneficiaries of Bed Bath & Beyond store closures. "After reviewing locations of upcoming Bed Bath store closures, we believe Walmart, Target, and Big Lots will be prime beneficiaries of sales transfer.

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☆ 1 in 3 workers fear they'll catch Covid by returning to the office—here's how to keep yourself healthy
▼ + stars: | 2022-09-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

A recent Gallup poll found that one in three U.S. workers are "very" or "moderately" concerned about Covid exposure at work. Stay up-to-date on your Covid vaccinesStaying up-to-date on your vaccines is the best way to protect yourself from Covid. That means completing your primary series and receiving the booster shots you're eligible for. You'll need to be at least two months out from your last dose of any Covid shot, the CDC says. Have completed your primary series, but are immunocompromisedHave completed your primary series and are in an area with a substantial or high level spread of Covid.

☆ Connected-fitness company Ergatta is bringing its rowers to the UK
▼ + stars: | 2022-09-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Connected-fitness company Ergatta is bringing its rowers to the UK and Ireland. Ergatta CEO and cofounder Tom Aulet told Insider that the company is instead targeting competitive people who would prefer a gamified approach to instructor sessions. Ergatta previously told Insider that business boomed so much during the pandemic that the company sold out of its luxury rowers multiple times. He said there was big demand for Ergatta's rowers, with the company fielding inbound calls every week. WaterRower CEO Peter King said in a press release that Ergatta's rower "quickly" became one of its best-selling products in the US.

☆ Google Cloud plans to unfreeze hiring by October, leaked memo says
▼ + stars: | 2022-09-16 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

A leaked email shows the firm plans to unfreeze hiring by October, reversing a pause that was set in motion in July. A leaked memo shows Google Cloud plans to unfreeze hiring. In an email sent to staff and obtained by Insider, Brad Calder, Cloud's vice president of technical infrastructure, said leadership is aiming to unfreeze hiring by October. The news comes months after Google announced plans to pull back on hiring due to uncertain economic conditions (though the firm has been hiring for critical roles across certain teams). Calder also said Google Cloud must hone its priorities for 2023, and that there are "too many Code Yellows and Purples."

☆ Peloton facing federal penalties for violating U.S. safety laws
▼ + stars: | 2022-09-08 | by ( ) www.nbcnews.com time to read: +1 min

Peloton Interactive on Wednesday disclosed that staff at the top U.S. consumer safety regulator plan to recommend the company be fined for violating federal safety laws related to last year’s recall of a line of treadmills. Peloton, in a delayed annual filing on Wednesday, said the U.S. Consumer Product Safety Commission notified it in August that the agency’s staff believed the company had failed to meet statutory obligations under the Consumer Product Safety Act. The agency’s staff also recommended civil monetary penalties be imposed on Peloton. Since the recall last year, multiple agencies including the U.S. Department of Justice have opened probes into Peloton. The company is in the middle of a restructuring plan to revive its sales, which have plummeted as people head back to working out at gyms.

☆ Lower US job gain in August could help the Fed's inflation fight
▼ + stars: | 2022-09-02 | by ( Christopher S. Rugaber | Associated Press | ) www.nbcnews.com time to read: +7 min

WASHINGTON (AP) — America’s employers added a healthy number of jobs last month, yet slowed their hiring enough to potentially help the Federal Reserve in its fight to reduce raging inflation. Inflation did fall to an 8.5% annual rate in July from 9.1% in June, mostly as gas prices steadily dropped. Wage growth weakened a bit last month, too, which could also serve the Fed’s inflation fight. Powell warned that the Fed’s inflation fight would likely cause pain for Americans in the form of a weaker economy and job losses. Friday’s jobs figures and a report earlier this week that showed the number of job openings rose in July suggest that the Fed’s rate hikes so far haven’t restored much balance.

☆ 7 therapists and lawyers offer keys to navigating the stresses of Big Law
▼ + stars: | 2022-09-01 | by ( Casey Sullivan | Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Employees can use legal protections under the ADA and FMLA to seek help for mental health issues. Insider recently chronicled the stresses of Big Law life. As part of this, we spoke with lawyers who have suffered from depression and, after having taken time to address their mental health issues, have continued to lead successful careers. Beyond legal protections, companies can also work with their employees to offer arrangements that suit their needs, she said. Through the course of our reporting, several lawyers offered actionable pieces of advice that readers could find useful to think about when approaching work.

☆ Lawyers Open up About Depression and Suicide, Saying It's Key to Saving Others
▼ + stars: | 2022-08-30 | by ( Casey Sullivan | Sindhu Sundar | ) www.businessinsider.com time to read: +15 min

His doctor had prescribed him antidepressants, but he was starting to realize that his mental health issues needed additional care. They said that doing so could alleviate the struggles of others, and that it's important for law firm attorneys to understand they aren't alone. He also co-founded the Lawyers Depression Project, a support network of some 900 legal professionals around the world, an endeavor he has found meaningful. "I didn't feel like I could keep surviving in an environment that played into the worst aspects of my own mental health," Alexander said. For lawyer-specific inquiries, you can find confidential, live assistance through Lawyer Assistance Programs offered through your state bar, as well as through the Lawyers Depression Project.

☆ Peloton investors gear up for a volatile ride
▼ + stars: | 2022-08-25 | by ( ) www.reuters.com time to read: +2 min

TORONTO, Aug 25 (Reuters Breakingviews) - Investors in Peloton Interactive (PTON.O) hardly ever know what kind of workout they’ve signed up for. Shares in the exercise-bike maker sank over 18% on Thursday morning after it posted a $1.2 billion net loss for the three months to June, about four times the deficit for the same period of 2021. The slide wiped out an equivalent percentage gain a day earlier after Peloton said it would begin selling its bikes and other accessories on Amazon.com (AMZN.O) in the United States. McCarthy isn’t sitting idle — roughly a third of the company’s quarterly loss was due to restructuring charges. Thursday’s slide shrinks Peloton’s enterprise value to just over $3 billion, after deducting roughly $500 million in net cash.

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