Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Peloton Interactive Inc. announces the recall of its exercise bikes due to safety hazards that may lead to injuries. About 2.2 million units of the brand’s Model PL01 bikes are affected by the recall.
It was stated on the web page of the U.S. Consumer Product Safety Commission (CPSC) that the issue is the adjustable seat of the bike. It may break while in use and eventually hurt the rider. The inspectors may have overlooked the defect on the said Peloton bike model. They may not have spotted this during the post-assembly phase.
According to CNN Business, the CPSC issued the recall on Thursday, May 11, and warned the users about the risk. The safety commission also told the owners to immediately stop using the bike.
Peloton also issued its own statement and said that the affected PL-01 bikes that cost $1,400 were sold from January 2018 to May 2023. The company stressed that the recall is only for the units that were sold in the United States.
The company is aware of the 35 reports where users indicated incidences of their seat breaking. The CPSC said that 13 users from the 35 reports were injured and mentioned fractured wrist, bruises, and lacerations after falling off the bike. Peloton said it sold 2,160,000 units of the bike as of April 30.
“Our commitment to member safety is unwavering. For Peloton, it was important to proactively engage the CPSC to address this issue and to work swiftly and cooperatively to identify a remedy,” Peloton said of the recall.
Based on the information posted on CPSC’s recall announcement, owners of the said exercise bike may get in touch with Peloton for a free repair. The company is also offering a free repair kit that contains the seat post, which they can personally install. Meanwhile, most of the Peloton bikes were sold at Dick’s Sporting Goods outlets across the country and online via Amazon, Onepeloton.com, and Dicksportinggoods.com.
Photo by: Andrew Valdivia/Unsplash
