Planet Fitness raises prices even as customers grow cost-conscious
People work out at a Planet Fitness in Alexandria, Virginia, Jan. 8, 2024. Leah Millis | Reuters Planet Fitness said it’s hiking its base-level membership prices for new customers for the first time since 1998, even as the gym operator warns that customers are growing increasingly cost-conscious. Classic card membership will be priced at $15 […]
Extending Trump’s tax cuts could stick these 6 groups with a big bill
The strategy of funding tax cuts with debt may no longer be feasible.
Hydrow acquires Speede Fitness, grows as Peloton shrinks
Connected fitness company Hydrow, which Peloton once tried to buy, is growing sales and has acquired a majority stake in strength training company Speede Fitness as gymgoers move away from cardio exercises in favor of weights, the company told CNBC on Thursday. Hydrow also announced that its CEO and founder Bruce Smith will step back […]
GM can regain market share in China after 20-year low, exec says
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market […]
Jobless claims jump to highest level in nine months
Initial jobless claims rose by 22,000 to 231,000 in the week ended May 4, the Labor Department said Thursday. That’s the highest level since last August.
Ten-year Treasury yields back up to 4.5% as rate-cut optimism dims
Bond yields moved higher early Thursday as recent hopes over a summer rate cut were pared somewhat.
BOJ’s policy board becoming more concerned about effects of a weaker yen
The Bank of Japan’s policy board is becoming more concerned about upside risks to its inflation outlook amid the yen’s sharp weakening which leads to higher import prices, according to a summary of opinions from its latest April meeting released Thursday.
Organized theft ring that targeted Macy’s charged in NYC
The Macy’s logo is seen at its store in Herald Square in New York City on Jan. 19, 2024. Michael M. Santiago | Getty Images A New York beauty store just blocks away from the Empire State Building resold more than $1 million worth of goods that’ had been stolen from Macy’s and a slew […]
Disney, Warner Bros. Discovery bundle streaming services
In this photo illustration the Disney+ logo seen displayed on a smartphone screen. SOPA Images | LightRocket | Getty Images The bundle is back. Disney and Warner Bros. Discovery are planning to offer their streaming services — Disney+, Hulu and Max — in a bundle mirroring the traditional cable TV package, the companies said Wednesday. […]
Better news for Social Security and Medicare doesn’t mean their problems have gone away
This just gives Congress more time to procrastinate on this critical issue
