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Bike price cut, rising costs to hit Peloton's profitability

Peloton Interactive Inc said on Thursday its near-term profitability would suffer due to a decision to slash the price of its exercise bike and higher commodity and marketing costs.

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Decades strong: Chinese bodybuilders pump iron at old Beijing gym

3 Min Read
BEIJING (Reuters) - Each afternoon without fail, a handful of men mostly in their 60s gather at an old bicycle shed in southwest Beijing, clad in sweatshirts and track pants and ready to pump iron.
Up to eight men could be doing bench presses, dumbbell curls or wide-grip pulldowns in the windowless shed, their rust-stained equipment built decades ago with scrap metal from a nearby railway wagon factory where they used to work - a far cry from modern gyms elsewhere in the Chinese capital.
Many club members were young men in their 20s and 30s when it was founded in 1984 by Zhang Wei, winner of Beijing’s first long-distance race in 1956 and a fellow worker at the state-owned Erqi factory, said current gym manager Xu Wei, 63.

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"Bounce back better together" - PM Johnson urges Britons to lose weight

By Reuters Staff
2 Min Read
LONDON (Reuters) - “We’ll bounce back better together,” Prime Minister Boris Johnson told overweight Britons on Thursday, championing his own weight loss and health eating diet to try to persuade others to get in shape to reduce coronavirus risks.
After being hospitalised with COVID last year, Johnson has often spoken about how he believes his weight was behind how severely ill he became and how since then he has started a new exercise regime and no late-night cheese diet.
Evidence emerging around the world suggests that people who are overweight or obese are at increased risk of getting more severely ill with COVID-19.

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Global equity funds see jump in inflows despite inflation concerns

Global equity funds witnessed higher inflows in the week ended Feb. 24, on optimism that global central banks would keep interest rates lower to prop up their economies, undeterred by rising inflation concerns.

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Global equity funds led investment inflows in week to Feb. 17 - Lipper

Global equity funds led investment inflows in the week to Feb. 17, as fund investors favoured riskier assets on optimism over the coronavirus vaccine roll-outs and expectations of a massive U.S. stimulus package.

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Global equity funds secure biggest inflows in two years in week ended February 10

Global equity funds led inflows in the week to Feb. 10, bolstered by upbeat corporate earnings and the prospects of a U.S. stimulus package.

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Fitness firms Beachbody, Myx to go public via $2.9 billion SPAC deal

By Reuters Staff
2 Min Read
(Reuters) - Fitness companies Beachbody LLC and Myx Fitness LLC will go public through a three-way merger with a blank-check firm affiliated with former TikTok chief Kevin Mayer, valuing the combined entity at around $2.9 billion.
Beachbody said on Wednesday that on-demand, interactive cycling provider Myx will become a part of the parent, The Beachbody Company, which will operate three brands: Beachbody On Demand, Openfit and Myx.
The deal will be supported by a private investment of $225 million led by institutional investors such as Fidelity Management & Research Company LLC and Fertitta Capital.
Forest Road Acquisition Corp, a special purpose acquisition company (SPAC), is led by Keith Horn, a former chief operating officer at hedge fund Elliot Management Corp. Former TikTok CEO Kevin Mayer is a strategic adviser to the company.

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Global equity funds see jump in inflows in week to Jan 27: Lipper

Global equity funds witnessed higher inflows in the seven days to Jan. 27, as investors remained hopeful of an economic recovery despite worries about a potential delay in stimulus and short-term hurdles in vaccine distribution.

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Global bond funds see massive inflows in week to Jan. 20: Lipper

Global bond funds lead inflows in the seven days to Jan. 20 as hopes of big fiscal stimulus packages under the new U.S. administration under President Joe Biden increased bets of a swift global economic recovery.

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Phnom Penh yoga fans return to mat after lockdown - with a beer

2 Min Read
PHNOM PENH (Reuters) - For some, a post-lockdown group activity that combines exercise with alcohol may seem like the ideal coronavirus stress-buster - though yoga purists should probably avoid Phnom Penh’s TwoBirds Craft Beer brewery while it’s taking place.
The brewery’s yoga classes, resumed after a six-week lockdown across Cambodia - which has officially recorded not a single COVID death - was lifted on Jan. 1, combine holding a pose with clutching a beer, and they’re attracting devotees.
“I have more fun with beer yoga. It’s not as serious as traditional yoga,” said Sreyline Bacha, 25, as she reached for a beer glass, wobbling just a little to maintain her balance in a pose.

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