Peloton, whose flagship product is a stationary exercise bike priced at over $2,200, had said on Friday an employee at its New York City-based production studio has tested positive for COVID-19, according to a report https://www.theverge.com/2020/4/3/21207751/peloton-live-classes-employee-tested-positive-covid-19 by The Verge. Peloton said https://blog.onepeloton.com/peloton-covid-19-initiatives on Monday it would continue to add new, pre-recorded content on its Peloton App, which has a monthly subscription cost of $12.99....
The Federal Reserve will backstop the Small Business Administration’s emergency loan program, as lenders continue to work through the Paycheck Protection Program....
Billionaire Bill Gates is warning that although social distancing is necessary to combat the coronavirus, it will also come at a massive cost to the U.S. economy. Yahoo Finance's Zack Guzman breaks down the latest comments from the Microsoft co-founder....
Daimler Trucks North America has launched the second generation of its Express WriteUp mobile application. Express WriteUp2 helps service advisors and customers adhere to social distancing guidelines during the COVID-19 outbreak. ...
(Bloomberg) -- The world’s largest oil producers are groping their way toward a deal to mitigate the devastating impact of the coronavirus crisis on their industry. The challenge now is to nail down numbers everyone can live with.Ministers and diplomats will spend the next two days talking about who’s willing to cut production, and by how much. The most important contributions will come from oil’s trio of big powers: Saudi Arabia, Russia and the U.S.An effective deal will require all three to participate, but not every barrel cut will be the same. Russia and Saudi Arabia are set to curb their production significantly, said people familiar with the negotiations. The U.S. is more likely to offer up the kind of gradual output reductions that will come as American companies respond to a market where prices are low and tanks are full.After a turbulent few days in which U.S. President Donald Trump’s...
