Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership

RTTNews | 1102日前
Peloton Interactive To Exit All Owned-manufacturing Operations; Expanding Rexon Partnership

(RTTNews) - Interactive fitness platform Peloton Interactive, Inc. (PTON) announced Tuesday it is exiting all owned-manufacturing operations and expanding its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp.

The company said the shift is a natural progression in Peloton's strategy to simplify its supply chain and focus on technology and best-in-class content to continue driving the business forward as the leading global Connected Fitness company.

Rexon will become the primary manufacturer of the hardware for Peloton's iconic Bike and Tread product lines.

Along with the expanded partnership with Rexon, Peloton will suspend operations at its Tonic Fitness Technology, Inc. facility through the remainder of 2022. The Company acquired Tonic in October 2019.

read more
Peloton To Slash Another 500 Jobs: Reports

Peloton To Slash Another 500 Jobs: Reports

Fitness equipment maker Peloton Interactive, Inc. (PTON) is reportedly planning to cut about 500 jobs or 12 percent of its remaining workforce. This will be the company's fourth round of layoffs this year as it struggles to return to profit.
RTTNews | 1016日前
Malaysia GDP Growth Improves In Q2

Malaysia GDP Growth Improves In Q2

Malaysia's economic growth improved in the second quarter driven by strong domestic demand amid global trade distortions, advance estimates from the Department of Statistics showed on Friday. Gross domestic product expanded 4.5 percent year-on-year in the second quarter, slightly faster than the 4.4 percent growth seen in the first quarter.
RTTNews | 2時50分前
Yen Falls Ahead Of Japan Election

Yen Falls Ahead Of Japan Election

The Japanese yen weakened against other major currencies in the Asian session on Friday, as traders remain uncertain about Japan's upper house election and consider the fiscal implications of this weekend's vote. Meanwhile, the country's 40-year government bond yield experienced a notable decline.
RTTNews | 3時7分前
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 3時30分前
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major counterparts in the Asian session on Friday amid increased risk-on mood, as traders reacted to upbeat economic data from the U.S. and Japan that renewed optimism about the global economy. Countries are also hustling to strike trade deals with the U.S. as the August 1 deadline for pausing of "reciprocal tariffs" is less than a fortnight away.
RTTNews | 3時51分前