Peloton slammed over $95 activation fee for used bikes: ‘egregious money grab’
Peloton was accused of “gross profiteering” after its controversial decision to add a $95 “equipment activation fee” to buyers of used bikes. One-time fee, The company revealed this in a letter to shareholders and a blog post when it released its earnings last week.This is in addition to a $44 monthly subscription to Peloton’s online […]
Peloton to charge sizable ‘activation fee’ for used equipment purchases
See what’s clicking on FoxBusiness.com. Consumers who purchase used Peloton exercise machines in the United States and Canada will be required to pay a “Used Equipment Activation Fee.” The fitness company, which reported its fourth-quarter earnings on Thursday, revealed that it will begin collecting a new one-time fee from people who buy Peloton equipment from […]
‘Too fat’ husband granted divorce after wife demands a fee for ‘incompetent’ sex
She redefined “business relationships.” A Taiwanese man filed for divorce after his wife demanded payment for sex because he was overweight and bad at sex. The incel, surnamed Hao, married his wife, Xuan, in 2014 and has two children. South China Morning Post. But three years later, problems began to arise when his soulmate limited […]
Giuliani threatened with return to bankruptcy court over fee
Hey Rudy, where’s the money? A federal judge seems to be wondering that, warning that he may have to drag former New York City Mayor Rudy Giuliani to court after he claimed he had too little money to pay administrative fees in his recently dismissed bankruptcy case. The formal dismissal of the lawsuit has been […]
Aussie banks to return $19 million charged in high fee to low-income customers By Reuters – Investing.com
(Reuters) – Four Australian banks will refund a combined A$28 million (U.S. $18.95 million) to low-income customers after an investigation by the corporate regulator found they were kept in bank accounts that charged high fees when they were eligible for cheaper products. A report released on Monday by the Australian Securities and Investments Commission (ASIC) […]
Tesla investors call for judge to reject $7 billion legal fee in Musk’s pay case
Panelists Al Root and Jack Otter discuss how Tesla shareholders voted to reinstate a roughly $50 billion compensation package on Barron’s Roundtable. Tesla shareholders are due to appear in court in Delaware on Monday to ask a judge to reject the company’s “exorbitant” demand for $7 billion in attorneys’ fees to the lawyers leading the […]
Tesla, shareholder clash over $7B legal fee request in Elon Musk pay case
Lawyers for Tesla and shareholders clashed in court on Monday over the value of a lawsuit challenging CEO Elon Musk’s huge compensation package and seeking the company to pay a record $7 billion in legal fees. The two experts testified for more than three hours in opposition to each other about the benefits to Tesla […]
Illinois' landmark credit card fee law prompting strong opposition – Chicago Tribune
Illinois lawmakers last month, during the legislative spring recess, became the first state in the nation to ban banks and credit card companies from charging retailers seemingly small fees for sales taxes and tips. But since Gov. JB Pritzker signed the ban into law, financial institutions that opposed the measure have stepped up their opposition […]
Amazon plans revamp of Alexa with monthly fee, AI features
Amazon plans to overhaul its decade-old, money-losing Alexa service by introducing a generative conversational AI with a two-tiered service, with access to the higher version costing around $5 a month, according to people with direct knowledge of the company’s plans. The project, known internally as “Banyan” after the sprawling fig tree, marks the first major […]
$1,000 in This Vanguard ETF Incurs a Mere $1 Annual Fee, and It Has Beaten the S&P 500 and Nasdaq Composite in 2024 – The Motley Fool
The Vanguard S&P 500 Growth ETF is up more than 18% year to date and shows no signs of slowing. Exchange-traded funds (ETFs) are a simple, hassle-free way to invest in a variety of companies. Many low-cost Vanguard index funds mirror the performance of major benchmarks, such as: S&P 500 And that Nasdaq Composite Index […]