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Category: economy

Congressman Introduces National Right-to-Repair Bill

Congressman Introduces National Right-to-Repair Bill

Photo: Alex Cranz/Gizmodo The right-to-repair movement has made it to Congress. On Thursday, Congressman Joseph Morelle of New York filed legislation that would make it easier for consumers to fix their broken gadgets without having to fork over even more money to the original manufacturers. Advertisement If passed, the Fair Repair Act would require manufacturers …

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Regulators Urge Peloton Tread+ Owners to Stop Using Treadmill 'Immediately,' and Peloton Is Pissed

Regulators Urge Peloton Tread+ Owners to Stop Using Treadmill ‘Immediately,’ and Peloton Is Pissed

Photo: Ethan Miller (Getty Images) In the wake of multiple reports of injuries and at least one death involving Peloton’s Tread+ treadmill, the U.S. Consumer Product Safety Commission has issued an “urgent warning” that the product “poses serious risks” to children’s safety and should not be used in households with small children or pets. Advertisement …

Regulators Urge Peloton Tread+ Owners to Stop Using Treadmill ‘Immediately,’ and Peloton Is PissedRead More

Peloton Resists Federal Safety Recall for Treadmill Tied to Child's Death

Peloton Resists Federal Safety Recall for Treadmill Tied to Child’s Death

Image: Peloton Peloton is pushing back against a request from federal regulators to recall its Tread+ treadmill after the product was involved in a child’s death last month, the Washington Post reported Friday. Advertisement The U.S. Consumer Product Safety Commission, which launched an investigation shortly after the incident, plans to issue a new consumer safety …

Peloton Resists Federal Safety Recall for Treadmill Tied to Child’s DeathRead More

Tesla Discloses $1.5 Billion Purchase of Bitcoin in Latest SEC Filing

Tesla Discloses $1.5 Billion Purchase of Bitcoin in Latest SEC Filing

Photo: Hannibal Hanschke (Getty Images) Tesla has purchased $1.5 billion in bitcoin, according to its latest SEC filing on Monday. The electric car company made the purchase sometime since January 2021, though the filing doesn’t say what price the company locked into. From the SEC filing: In January 2021, we updated our investment policy to …

Tesla Discloses $1.5 Billion Purchase of Bitcoin in Latest SEC FilingRead More