Peloton is about to tack on a whole lot of {dollars} in charges to its Bike and treadmill, citing inflation

Peloton Interactive Inc.’s stationary bikes are on display at the company’s Madison Avenue showroom on Wednesday, December 18, 2019 in New York, USA.

jeenah moon | Bloomberg | Getty Images

peloton is on the verge of effectively charging customers more for its original Bike and Tread products, citing rising inflation and increased supply chain costs.

Beginning Jan. 31, the company will ask customers to pay an additional $250 for delivery and setup of their bike and an additional $350 for their Tread, according to a banner on its website. This will increase the cost of these products to $1,745 and $2,845 respectively.

Previously, Peloton said that the $250 and $350 shipping and assembly fees are included in the overall Bike and Tread price.

The price of Peloton’s newer $2,495 Bike+ product will not change, according to its website.

In the UK, Germany and Australia, Peloton has similar news on its website that costs will increase from January 31st.

During a recent company executive meeting, Dara Treseder, Peloton’s chief marketing and communications officer, said the changes were due to rising inflation and higher supply chain spending.

“Right now people are raising prices. Ikea just raised prices. We want to go in the middle,” Treseder said, according to a recording of the meeting available to CNBC.

She added that the company doesn’t want to be perceived as “switching and baiting” with customers.

A Peloton spokeswoman told CNBC in an emailed statement, “Like many other companies, Peloton is impacted by global economic and supply chain challenges that affect majority, if not all, companies worldwide.”

“Despite these increases, we believe we still offer the best value for money in connected fitness and provide consumers with various financing options that bring Peloton to a broad audience,” said the spokeswoman.

The $39.99 monthly subscription fee that connected fitness users pay for on-demand content remains the same.

In August Peloton had lower the price of the cheaper bike product by about 20% to $1,495 in hopes of appealing to more consumers with a cheaper option.

After seeing increased demand from consumers looking for at-home exercise equipment in 2020, Peloton’s momentum has faltered significantly over the past few months. The stock also took a hit. Shares fell about 76% in 2021 after soaring more than 440% the year before.

In November, Peloton lowered its full-year outlook due to ongoing supply chain constraints and slowing demand. Analysts have said they expect the company to have had a weaker holiday as well, which is a possibility prompt a further cut in its full-year forecast.

Last Thursday, Nasdaq said Peloton’s shares would be replaced by Old Dominion Cargo in the Nasdaq 100 Index, effective January 24.

Sen. Tim Kaine amongst a whole lot trapped in Virginia snowstorm visitors jam

This image, provided by the Virginia Department of Transportation, shows a closed section of Interstate 95 near Fredericksburg, Virginia. Monday, January 3, 2022.

Virginia Department of Transportation | AP

Virginia Senator Tim Kaine is among hundreds of drivers trapped in a brutal traffic jam caused by heavy snow and icy roads for hours on a freeway outside Washington Tuesday morning.

“I started my normal 2-hour drive to DC at 1:00 pm yesterday,” Kaine tweeted at 8:27 am ET. “19 hours later, I’m still not anywhere near the Capitol.”

Still in his car at around 10 p.m. ET, Kaine tweeted, “A CT family returning from Florida in a crowded car stopped by in the middle of the night handing out oranges when we were stopped for hours on I-95.

“This was a miserable experience, but at some point I made the switch from a miserable travel experience to some kind of survival project,” Kaine said Tuesday morning in a telephone interview with Washington radio station WTOP.

The Democratic senator, who ran Hillary Clinton’s runner-up against former President Donald Trump in the 2016 election, said he intended to go back to work on Monday Continue Senate negotiations on a voting rights agreement. But more than 21 hours after leaving his home in Richmond, he has still not passed Stafford Airport, which is about 50 miles from Washington.

“I’ve never seen anything like it, I think that’s all I can say,” Kaine said.

The Virginia Department of Transportation has closed I-95, with reports of disabled vehicles and fallen trees in the Fredericksburg area, about 50 miles south of DC

“We got an estimated 20-30 trucks stuck” on the I-95 heading north, tweeted the VDOT Fredericksburg shortly before midnight.

Conditions are dangerous on other roads in Virginia as well. The VDOT warns Louisa County of “multiple unfolded semi-trailers” on US Route 522 overnight.

“We wish we had a timetable, estimated time of arrival, or an educated guess as to when we would resume travel on I-95. Several incidents have come to a standstill in our area. It’s frustrating and scary, ”tweeted VDOT Fredericksburg on Monday evening.

NBC News’s Josh Lederman, also stuck in his vehicle overnight, called the scene “pretty dystopian” in an interview on MSNBC’s Morning Joe Tuesday morning.

“Nobody knows how long we will stay here or how we will get out,” he reported from his car.

Other drivers stranded in traffic had to park their cars to save gas, even as temperatures dropped well below freezing overnight, Lederman said.

Virginia Governor Ralph Northam tweeted Tuesday morning that “state and local emergency services continue to cut fallen trees, assist disabled vehicles, and reroute drivers.”

“An emergency message goes out to any stranded drivers they associate with assistance, and the state is working with communities to open warming shelters if necessary. While sunlight is supposed to help @VaDOT clear the street, all Virginians should continue to avoid 1-95, ”Northam tweeted.

Another reporter, Jim DeFede of CBS News, said in a video posted at 10 a.m. ET that he was stuck on I-95 near Quantico for nearly 18 hours.

This is the evolution of news. Please check again for updates.

Airways cancel lots of of Christmas Eve flights as Covid hits crews

A traveler wearing a protective mask waits to board a United Airlines flight at San Francisco International Airport on October 15, 2020.

David Paul Morris | Bloomberg | Getty Images

Airlines canceled hundreds of Christmas Eve flights as Covid hit crews.

More than 2,000 flights have been canceled worldwide, including more than 500 US flights. United Airlines More than 170 major scheduled flights were canceled on Friday, roughly 9% of the flight schedule, according to flight tracking site FlightAware.

“This week’s nationwide surge in Omicron cases has had a direct impact on our flight crews and the people who run our operations,” United said in a statement Thursday. “As a result, we unfortunately had to cancel some flights and inform affected customers in advance before they come to the airport.”

The disruption comes after airline executives said they await some of the busiest days since the pandemic began over the year-end holidays, despite the spike in Covid infections fueled by the Omicron variant. The Transportation Security Administration screened nearly 2.2 million people Thursday, up from 846,500 but fewer than 2.5 million who passed TSA checkpoints two years prior to the pandemic.

United said it is trying to rebook as many travelers as possible. She announced most of the cancellations the day before.

U.S. airline executives this week urged officials at the Centers for Disease Control and Prevention to Relax quarantine guidelines for fully vaccinated people who tested positive for Covid, to five days from the current 10, citing potential staff shortages and flight disruptions. the CDC has relaxed its guidelines for health workers on Thursday.

Delta canceled more than 140 flights, or 7% of its Friday flight schedule, due to bad weather in Salt Lake City and Seattle, two of its hubs, and the impact of the rapidly expanding Omicron variant. Delta canceled more than 100 Saturday flights while United canceled about 70. JetBlue Airways More than 70 flights were canceled on Friday, about 7% of daily flight operations.

“Delta teams exhausted all options and resources – including rerouting and swapping planes and crews to cover scheduled flights – before canceling around 90 flights for Friday,” the airline said in a statement. “We apologize to our customers for the delay in their vacation travel plans. Delta employees are working hard to get them to their destination on the next available flight as quickly and safely as possible.”

More than 90% of Delta employees and more than 96% of United’s U.S. employees are vaccinated, the airlines said.

Delta and United’s flight disruptions are far fewer than those of the Bulk cancellations Some airline customers faced this summer and fall as airlines, including American and southwest grappling with staff shortages and bad weather.

Both airlines offered additional remuneration of the staff work Major Vacation Travel and attendance goals. Southwest only had one cancellation on Friday and American had 11, according to FlightAware.

American Airways, Spirit Airways cancel a whole bunch of flights

American Airlines aircraft stand at the passenger gates at Dallas / Fort Worth International Airport (DFW) near Dallas, Texas.

Patrick T. Fallon | Bloomberg | Getty Images

American Airlines Passengers have faced hundreds of cancellations and delays since Sunday as the airline struggles to recover from disruption caused by severe thunderstorms that swept through its Dallas / Fort Worth international hub.

According to flight tracking site FlightAware, more than 270 flights – or 9% of America’s main flight schedule – had been canceled by Tuesday morning. At least 120 of the cancellations were due to a lack of flight crew, according to an internal list reviewed by CNBC.

The Americans canceled around 850 flights between the Sunday when the thunderstorm hit and Monday. Almost 2,000 were delayed. Around 80 American flights were diverted to other airports on Sunday.

Travelers complained on social media of difficulty reaching customer service agents and extensive delays.

“Mother Nature is not playing well and many flights in and out of DFW are delayed or canceled,” American Airlines tweeted to a customer on Sunday.

Before hurricanes and snowstorms occur, airlines will often cancel thousands of flights to avoid passengers and crews getting stranded at airports. Thunderstorms can be disruptive to passengers and airlines alike, as they often result in rolling delays because they are less predictable.

In addition, airlines are struggling to find staff to cope with the surge in travel demand urging Employees in the pandemic took buyouts or leave of absence in the past year to reduce labor costs.

The Transportation Security Administration screened 2.24 million people on Sunday, most since February 28, 2020.

An American Airlines spokeswoman said Monday the weather and air traffic restrictions caused the delays at DFW.

American had cut about 1% of its schedule for the first half of July to deal with weather and other disruptions, as well as staffing issues.

But the carrier has restored more capacity than some of its competitors like United Airlines and Delta Airlines.

“And we expect to fly a larger domestic network with DFW in August this year than in August 2019,” said American President Robert Isom in a quarterly call last month.

More capacity leaves little room for error in the event of malfunctions, analysts told CNBC.

According to the Ministry of Transport, airlines are not required to provide hotel accommodation or meal vouchers to travelers whose flights have been canceled.

“Passengers understand that airlines don’t control the weather, but what makes a good airline is how they treat passengers when the chips are down,” said Henry Harteveldt, founder of travel industry consultancy Atmosphere Research Group and a former airline manager .

More than 1,100 Southwest Airlines Flights, nearly a third of the Dallas-based airline’s schedule, were postponed Monday while 44 were canceled. The airline said Sunday’s thunderstorms triggered Monday’s cancellations.

Spirit Airlines“Problems continued on Tuesday. According to FlightAware, 38% of the flight schedule or 258 flights have been canceled, in addition to about 500 flights between Sunday and Monday.

A spokesman for the low-cost airline said Monday the disruptions were due to “operational challenges” caused by the weather. Airlines will often cancel flights to get the crews in place rather than continuing to delay flights.

“We are working around the clock to get back on track after a few travel interruptions at the weekend due to a number of operational challenges,” the airline said in a statement. “We understand how frustrating it is for our guests when plans change unexpectedly, and we are working to find solutions. We ask guests to actively monitor their emails and flight status before heading to the airport.”

A whole lot of 1000’s of La. residents set to obtain cash from Youngster Tax Credit score Enlargement

BATON ROUGE, La. (WAFB) – Hundreds of thousands of Louisiana households could receive direct payments Thursday under the expanded child tax credits.

It’s all part of the American rescue plan that Congress passed back in March.

The aim is to reduce child poverty in the country by 50%.

“And there hasn’t been a program since 1960 that has such an impact on families,” said District II Congressman Troy Carter (D).

Congressman Carter was in Baton Rouge for a town hall on Wednesday to speak with families about how the new expansion of the child tax break works and who can actually get those payments.

Hundreds of thousands of Louisiana residents are expected to receive cash from expanding child tax credits(WAFB)

“You qualify if you make less than $ 150,000 as a couple or $ 75,000 as an individual,” said Rep. Carter.

From July 15 through December, families who qualify can up to:

– $ 300 per month per child, for children ages 0-5

– $ 250 per month per child, for children 6-17 years of age

Child Tax Credit Breakdown(WAFB)

“So there really is something for everyone. Black, white, Republican, Democrat, it’s an American thing, it’s a Louisiana thing, it’s a people thing, “the congressman said.

“Hoping we can use it for things he needs,” said Triniece Finley, who was visiting town hall.

Finley is a single mom and says every little bit helps when it comes to extra cash for her 6 year old son Logan.

“Swimming lessons and whatever he needs in school and stuff,” Finley said.

“Yes, every dollar counts,” said Deshawn Porter, who was visiting City Hall.

Porter is in the same boat and already has some ideas about how she would use the extra money.

“School supplies, school uniforms, because things are so expensive these days, we have to sacrifice to get what we need to get,” Porter said.

If you’ve filed your 2019 or 2020 tax returns, or signed up for a stimulus check from the IRS, you’ll receive this money automatically. So you don’t have to sign up anywhere.

“You will likely have this transfer deposited directly into your checking account (if you submitted electronically). If you haven’t filed this this way, checks will be dropped in the mailbox so you can get them in the mail, ”said Rep. Carter.

While this is only a 6 month program, Carter hopes it will be permanent. To do this, however, Congress needs bipartisan support.

Scammers are already finding ways to take money from families waiting for these children ...Scammers are already finding ways to take money from families waiting for these child tax breaks.(WAFB)

“Why shouldn’t we give resources to people who are here in our country, who fight and live in America, the greatest country in the world,” said Troy Carter.

Scammers are already finding ways to take money from families waiting for these child tax breaks.

South Central Louisiana’s Better Business Bureau would like to remind you that the only agency that distributes payments is the IRS.

This means the IRS won’t send you a text message or email asking for your social security number or personal banking information.

So if you get a strange message asking for it, don’t reply.

You can visit Congressman Troy Carter website for more help.

If you have any questions about these credits, please check their status and eligibility, Click here.

Click here report a typo.

Copyright 2021 WAFB. All rights reserved.

Tons of of creepy Disney-style castles sit deserted in Turkish ghost city

200 km east of Istanbul, Turkey, near the Roman spa town of Mudurnu, lies the surreal haunting village of Burj Al Babas.

Dreamed of by two Turkish real estate developers with the intention of being a luxurious European-style holiday town, what was intended as a fairytale village today sees hundreds of castle-inspired mini-castles half-finished, empty and quickly derelict.

The economic downturn and the weakening of the Turkish currency have left many companies unable to pay the large foreign currency debt they borrowed to fund projects, resulting in many companies filing for bankruptcy and failing to complete projects .

Chris McGrath / Getty Images

The economic downturn and the weakening of the Turkish currency have left many companies unable to pay the large foreign currency debt they borrowed to fund projects, resulting in many companies filing for bankruptcy and failing to complete projects .

The 732 planned Disney-like turreted properties would form an idyllic new vacation resort that would also feature Turkish baths, health and beauty shops.

350 investor groups brought the dream with them and agreed to buy the villas for values ​​between $ 370,000 and $ 530,000 (NZD 530,433 to NZD 759,810).

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However, a perfect storm crashed the project in late 2018 when a failed political coup rocketed the Turkish economy and skyrocketed construction costs, turning the development into $ 27 million in debt Million NZD) crashed and the builders left. Behind the project is the Sarot Group, bankrupt.

Construction of the luxury residential project began in 2014 and was aimed at building 732 villas, a shopping mall and entertainment facilities for foreign vacationers.

Chris McGrath / Getty Images

Construction of the luxury residential project began in 2014 and was aimed at building 732 villas, a shopping mall and entertainment facilities for foreign vacationers.

The chairman of the Sarot Group, Mehmet Emin Yerdelen, told the Turkish newspaper Hürriyet at the time that the judicial insolvency of his company and the subsequent construction freeze were due to investors who had not met their purchase obligation.

“We couldn’t get claims of $ 7.5 million for the villas we sold to Gulf States,” Yerdelen is quoted as saying. “We filed for bankruptcy protection, but the court ruled bankruptcy. We will appeal the verdict.

“The project is valued at $ 200 million,” he said. “We only have to sell 100 villas to pay off our debts. I believe we can overcome this crisis in 4-5 months and partially inaugurate the project in 2019.”

Hundreds of castle-like villas and houses are unfinished in the Burj Al Babas housing estate in Turkey.

Chris McGrath / Getty Images

Hundreds of castle-like villas and houses are unfinished in the Burj Al Babas housing estate in Turkey.

Although the company received a small reprieve in February 2019 when a majority of creditors voted to reopen the building, construction has never progressed and today the estate is empty, more similar Banksy’s decrepit Dismaland than the magical kingdom.

The abandoned 587 villas, some of which have been built, are an eerie sight and are still waiting for their fairytale end.

United Airways tells workers it is hiring lots of of pilots for journey restoration

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport.

Justin Sullivan | Getty Images

United Airlines On Thursday, staff told staff they would soon be hiring hundreds of pilots – a process the airline had to stop when the coronavirus pandemic destroyed demand for travel last year. This comes from an internal email that has been checked by CNBC.

The Chicago-based airline is the first of the major US carriers to announce that it will resume hiring pilots. This is the latest sign that she is preparing for a recovery. The airline will begin hiring approximately 300 pilots who had contingent vacancies or training scheduled last year before the airline abandoned the hiring.

Over the past year, airlines, including United, have urged thousands of workers to take advantage of buyouts, early retirement packages, and leave of absence in an effort to cut costs during the pandemic. United and its pilots union – the Air Line Pilots Association – reached an agreement last year to avoid vacationing with their pilots, including reduced hours for some junior pilotsHowever, these lower guarantees are suspended due to state aid.

Congress included a third round of federal payroll for airlines that bans downsizing through September 30 as part of coronavirus aid worth $ 1.9 trillion Package last month. As of March 2020, lawmakers have provided $ 54 billion in grants and loans to airlines to pay workers during the crisis.

US airlines combined lost $ 35 billion last year, but expect bookings to grow steadily as more people are vaccinated and more comfortable boarding planes.

“With vaccination rates increasing and the demand for travel increasing, I am pleased to announce that United will resume the pilot recruitment process that was halted last year,” wrote Bryan Quigley, United’s senior vice president of flight operations on Thursday in a staff note watched by CNBC. “We’re starting with the 300 or so pilots who either had a new recruitment class appointment that was canceled, or who had a conditional vacancy in 2020.”

The demand for air travel has increased recently. The Transportation Security Administration examined an average of 1.2 million people a day last month, up 15% from last year when the pandemic and stay-at-home orders halted almost all travel.

Last month’s volume is still below half of March 2019 levels, with business and international travel still largely stalling, but demand for recreational activities is starting to rise. Scott Kirby, United CEO, told an industry conference on Wednesday that domestic leisure demand has recovered almost entirely.

“I’m particularly pleased that we were able to project our staff during this disaster,” said Todd Insler, chairman of the United Chapter of the Air Line Pilots Association and captain at United, of the pandemic. He said if the company had been on vacation it would have been much harder to capitalize on the recovery of the trip.

Like United, other airlines see a need for additional staff, especially pilots, whose training is costly and time-consuming.

Spirit Airlines Last month, hiring of pilots and flight attendants resumed while other low-cost airlines Allegiant Air and Sun Country Airlines Also expect to rent this year.

Tons of pay respects to actor Cicely Tyson at her viewing | Leisure



FILE – Cicely Tyson arrives at the 61st Primetime Emmy Awards on September 20, 2009 in Los Angeles. Tyson, the groundbreaking black actress who received an Oscar nomination for her role as the wife of the entrant in Sounder, a 2013 Tony Award at the age of 88, and who touched the hearts of television viewers in “The Autobiography of Miss Jane Pittman.” , died. She was 96 years old. Tyson’s death was announced by her family through her manager Larry Thompson, who did not immediately provide additional details.


Matt Sayles

NEW YORK (AP) – People were traveling across the country, standing in line as long as a block to pay their respects to Cicely Tyson on a public tour on Monday.

As it began on a wintry Monday morning, hundreds of admirers of the pioneering black actor lined up in front of Harlem’s famous Abyssinian Baptist Church. Some said they came from Atlanta or Los Angeles to be there.

Many in the multigenerational crowd held photos of Tyson, the died Jan. 28 The New York-born actor was 96 years old.

Her family said masks and social distancing were required when viewing.

Tyson was the first black woman to play a recurring role in a dramatic television series, the 1963 drama East Side, West Side.

Her performance as the wife of a participant in the 1972 film “Sounder” cemented her fame and earned her an Oscar nomination.

She won two Emmy Awards for the role of the 110-year-old ex-slave in the 1974 television drama “The Autobiography of Miss Jane Pittman” and another Emmy 20 years later for “The Eldest Living Confederate Widow Tells It All.”

At the age of 88, Tyson won a Tony Award for reviving Horton Foote’s “The Trip to Bountiful” in 2013.