Browsing: Business-News

More than two million exercise bikes manufactured by Peloton are being recalled due to a potential safety issue with the seat component. Bike owners have been urged to cease using their vehicles immediately and get in touch with Peloton for a free fix. There have been many cases of people being hurt when the bike’s seat comes loose, including “a fractured wrist and lacerations,” according to the manufacturer. Bicycles sold in the United States between January 2018 and May 2023 are affected by the recall. On Thursday, the Consumer Product Safety Commission of the United States government issued a recall…

stry’s recent difficulties, he replied, “I think we’ve been really resilient and have learned to trade our way through it.” He continued by saying that the construction industry was seeing a “new norm” in terms of prices, and that it was taking customers some time to adjust. March’s economic downturn “underscores its fragility,” according to KPMG economist Yael Selfin, despite falling energy costs, better supply conditions, and rising consumer confidence. While a recession is unlikely at this point, increased borrowing rates have created vulnerabilities that will likely slow business and consumer activity this year.

Despite international attempts to phase out the technology, Ferrari plans to keep making vehicles with internal combustion engines until the late 2030s. The head of the Italian factory said it would be “arrogant” to tell consumers what they may and cannot purchase. The shift toward electric vehicles creates a significant marketing problem for Ferrari and other luxury manufacturers. However, in 2025, the business plans to release its first electric supercar. The roar of an eight- or twelve-cylinder internal combustion engine has long been a major selling point. But electric vehicles produce far less noise. However, in two years the business…

Six months after his contentious acquisition of the social media platform, Elon Musk has selected a new chief executive of Twitter. The billionaire said that former NBCUniversal head of advertising Linda Yaccarino will be in charge of the site’s commercial operations. In six weeks, she will begin working, he added. Mr. Musk will continue to serve as executive chairman and CTO. Tweeting, “Looking forward to working with Linda to transform this platform into X, the everything app,” he confirmed the choice a day after he had fuelled suspicion by saying that he had found a new employer without disclosing…

Mark Zuckerberg and Priscilla Chan have sold one of their San Francisco mansions for $31 million in a private transaction.  According to Zillow, it is the priciest sale in San Francisco this year. The 1928 building, which is on the border between the Mission District and Dolores Heights, is a spacious residence with four bedrooms and four baths. Although the sale officially concluded on July 1st, documentation of the deal is just now being accessible to the general public.  Records with PropertyShark indicate that the Facebook-cum-Meta co-founder, then aged 38, and his wife, then aged 37, acquired the house in…