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Peloton recalls nearly 878,000 exercise bikes after several seat posts break

NEW YORK (AP) - Peloton is recalling nearly 878,000 of its exercise bikes across the U.S. and Canada because the products' seat posts can break during use, posing fall hazards. According to notices published by the U.S. Consumer Product Safety Commission and Health Canada on ...
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Delta pilot didn’t recall instructions before NYC airport ground collision, NTSB report says

NEW YORK (AP) - The captain of one of the Delta Air Lines regional jets that collided at the intersection of two taxiways at LaGuardia Airport in New York last month told investigators he did not recall hearing instructions to give way to the ...
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Musk could become history’s first trillionaire as Tesla shareholders approve giant pay package

NEW YORK (AP) - The world's richest man was just handed a chance to become history's first trillionaire. Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO stock worth $1 trillion if he hits certain performance targets over the next ...
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News Corp beats quarterly revenue estimates on growth in Dow Jones, digital real estate services units

(Reuters) -Media conglomerate News Corp beat Wall Street estimates for first-quarter revenue on Thursday, bolstered by growth at its Dow Jones and digital real estate services segments. News Corp, part of media mogul Rupert Murdoch's empire, has pivoted toward digital and subscription-based revenue models, aiming ...
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UncertAInty slams risk appetite

By Jamie McGeever ORLANDO, Florida (Reuters) -U.S. stocks, bond yields and the dollar all fell on Thursday, dragged down by renewed fears of an AI bubble and worries over the strength of the U.S. labor market. More on that below. In my column today ...
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Peloton voluntarily recalls over 800,000 bikes for potential seat post issue

(NEW YORK) -- Exercise equipment company Peloton is voluntarily recalling approximately 833,000 exercise bikes due to a potential issue specific to the bike's seat post, the company announced Thursday.According to the company announcement, the recall affects "certain Original Series Bike+ models manufactured from December ...
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Ford considers scrapping F-150 EV truck, WSJ reports

(Reuters) -Ford executives are considering scrapping the electric version of the F-150 pickup truck, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Ford declined to comment on the matter, but said that it was focused on producing gas and hybrid ...
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The FAA is slashing flights because of the shutdown. Here’s what travelers can expect

Travelers can expect to see fewer flights to many major U.S. cities starting Friday morning, when the Federal Aviation Administration said it would reduce traffic across 40 airports to ease the load on the nation's air traffic controllers. The head of the FAA said the ...
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Last monkey on the loose after Mississippi highway crash is captured after being spotted by resident

HEIDELBERG, Miss. (AP) - The last monkey on the loose among several that escaped after a Mississippi highway crash has been found and captured, authorities said Thursday. A resident who lives near the crash site called authorities to report the animal's location and it was ...
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Fed’s independence has global importance, Williams says

(Reuters) -The independence of the Federal Reserve is "incredibly important" not just for the U.S. economy but also for the global economy because it is what allows the U.S. central bank to control inflation without regard to short-term political consequences, New York Fed President ...
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Fed’s Hammock is nervous about Fed policy given high inflation

NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said Thursday she's concerned monetary policy may not be in the right place to deal with current inflation. "I think we're pretty close to neutral right now, which makes me a little bit nervous, ...
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Goldman promotes 638 to managing directors, highest since 2021

By Saeed Azhar NEW YORK (Reuters) -Wall Street lender Goldman Sachs will promote 638 executives to managing directors next year, the highest since 2021, a company memo said, as the bank benefits from a pick-up in investment banking across the industry. Goldman Sachs has been leading ...
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