Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Peloton has been sued for the first time since the reports on the safety hazard of its Tread+ treadmill started to mount up. Now, a woman from California was said to have filed a lawsuit and complained that the exercise equipment manufacturer’s warnings do not really convey potential safety hazards.
The details of the lawsuit
The woman who was identified as Shannon Albright of Rocklin filed a class-action lawsuit against Peloton and made the filing at the Northern District court in California. Based on the court documents that were obtained by Fox Business, she claimed that the company’s $4,295 Tread+ treadmill is dangerous for kids and pets.
She added that even the U.S. Consumer Product Safety Commission agreed and even advised equipment owners to stop using the said treadmill model. The warning from the consumer watchdog agency came after collecting 39 reports of injuries and one death of a child.
Albright said in the filing that although the treadmill is being advertised as family-friendly, the Tread+ is not really for families with children. She mentioned the latest incident where a child was pulled under the treadmill and was injured.
TMZ, which first reported about the lawsuit against Peloton, stated that the plaintiff went on to list the injuries that children suffered from the use of the equipment, which includes brain injury and broken bones. Such injuries were also noted by the CPSC. Albright is seeking $5 million in compensation for damages.
"Chillingly, the child featured in the picture is exactly the sort of victim that the Tread+ machine is uniquely capable of killing or maiming," Albright said while referring to Peloton’s treadmill ads.
Peloton’s stance on the safety complaints
The CPSC already issued a warning for the Americans to stop using the Tread+ treadmill as it poses serious risks to children. However, Peloton refused to accept the warning and, through a statement, explained to everyone that the equipment could be used safely. The company’s CEO John Foley also refused to issue a recall on the exercise equipment involved.
"There is no reason to stop using the Tread+, as long as all warnings and safety instructions are followed,” the company said. “Children under 16 should never use the Tread+, and Members should keep children, pets, and objects away from the Tread+ at all times."
