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Payments app Zelle begins refunds for imposter scams after Washington pressure
Payments app Zelle begins refunds for imposter scams after Washington pressure
By Hannah Lang Banks on the payment app Zelle have begun refunding victims of imposter scams to address
2023-11-13 14:20
Tesla's Musk meets Chinese foreign minister, who calls for 'mutual respect' in US-China relations
Tesla's Musk meets Chinese foreign minister, who calls for 'mutual respect' in US-China relations
China’s foreign minister has met Tesla CEO Elon Musk and said U.S.-Chinese relations require “mutual respect” while touting the promise of the country’s electric vehicle industry
2023-05-30 19:48
‘We let you down’: Peloton apologises after issues with Thanksgiving ride
‘We let you down’: Peloton apologises after issues with Thanksgiving ride
Peloton has apologised to its customers after technical issues kept them from joining its special Thanksgiving ride. The rides had been held to break the Guinness World Records for the largest live streamed cycling and running classes. But they also had the effect of breaking Peloton’s systems, with riders unable to join the “Turkey Burn” class with instructor Robin Arzón for the first 20 minutes. Peloton’s relatively new chief executive, Barry McCarthy, apologised for the experience on the company’s official Facebook page. “We set out to create an amazing annual Turkey Burn Ride experience, and we let you down,” he wrote on the page. The number of riders “overwhelmed our technical infrastructure”, he said. “I know for many of you, this has become an annual tradition, and we owe you the best possible Member experience,” he wrote. “On behalf of the team, we apologise.” Despite the issues, Peloton was able to set the records for the largest live streamed cycling and running class. The company brought in Guinness World Records officials to verify the count, and were given the record for the ”Most viewers of a static cycling lesson live stream on a Bespoke platform”, as well as for running. The cycling class had 27,550 live participants, a spokesperson said. That was lower than the number that had been seen on the leaderboard, though it is not clear whether the discrepancy was the result of the technical problems. Despite the official recognition, the ride and run is not actually Peloton’s biggest live ride: 2021 and 2020 saw more, with the latter seemingly setting the record at more than 50,000 people, according to Peloton news website Pelobuddy. Peloton saw rapid growth through 2020 and 2021, spurred in large part by the move to work out at home during lockdowns. But it has experienced a number of issues since, including recalls of its bikes and seemingly lower interest as people head back to gyms. It has lost around 80 per cent of its share price value since it was listed towards the end of 2019. And its stock has fallen almost 97 per cent since its record highs in late 2020. Read More HSBC app not working on one of the biggest shopping days of the year Nasa has received a signal from 10 million miles away Bitcoin mining rate hits all-time high amid record-breaking prediction for 2024
2023-11-25 01:21
Which countries have banned TikTok?
Which countries have banned TikTok?
TikTok is facing increasing limits and bans on a global scale. In the U.S., a
2023-08-21 22:29
JPMorgan Says ‘Trailblazing’ Rules to Boost India’s ESG Market
JPMorgan Says ‘Trailblazing’ Rules to Boost India’s ESG Market
India’s new rules for environmental, social and governance investments and ratings are likely to attract more investors to
2023-09-07 10:56
Big Seven Face Test on How Far Rally Can Run
Big Seven Face Test on How Far Rally Can Run
Investors have had a lot thrown at them this year: more Federal Reserve tightening, a regional banking crisis,
2023-09-20 19:49
Redditors to shut down communities in response to API price changes
Redditors to shut down communities in response to API price changes
Reddit has announced new exorbitant prices for access to its API, effective July 1, a
2023-06-07 04:19
Memecoin Mania and NFTs Bring a ‘Seismic Shift’ for Bitcoin Mining
Memecoin Mania and NFTs Bring a ‘Seismic Shift’ for Bitcoin Mining
An eruption of memecoins and nonfungible tokens on the Bitcoin blockchain has reshaped the revenue profile of miners
2023-05-21 21:25
Lucid launches cheaper Air Pure electric sedan to revive demand
Lucid launches cheaper Air Pure electric sedan to revive demand
(Reuters) -Luxury electric-vehicle maker Lucid Group on Thursday launched a cheaper, rear-wheel drive version of the Air Pure sedan starting
2023-10-05 21:19
OpenAI Nears $1 Billion of Annual Sales as ChatGPT Takes Off
OpenAI Nears $1 Billion of Annual Sales as ChatGPT Takes Off
OpenAI is on track for $1 billion of annual revenue as businesses adopt the technology behind ChatGPT, the
2023-08-30 10:55
Cotton Extends Gains as Extreme Heat Threatens US Supply
Cotton Extends Gains as Extreme Heat Threatens US Supply
Cotton futures gained for a second day in New York as extreme heat is increasingly risking the health
2023-08-02 00:19
Morgan Stanley Reaches 70% of $1 Trillion ESG Funding Goal
Morgan Stanley Reaches 70% of $1 Trillion ESG Funding Goal
Morgan Stanley said it’s more than two thirds of the way towards achieving its target to finance $1
2023-08-04 22:17