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 […]

Activist investor Elliott pushes to grab control of Southwest Airlines board

Activist hedge fund Elliott Investment Management has launched a fight to take control of Southwest Airlines’ board of directors in an effort to oust the airline’s CEO and turn around the airline’s performance, the company said. Elliott is seeking to replace 10 of the 15 directors, intensifying a proxy fight over who should lead the […]

Biden’s proposed radical changes to the Supreme Court are just another vote grab

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Mexican Kingpin Ismael ‘El Mayo’ Zambada’s arrest could lead to violent power grab

A new era is dawning for Mexico’s powerful Sinaloa Cartel with the arrest by U.S. authorities of the country’s last remaining drug trafficker, Ismael “El Mayo” Zambada. Experts believe that while Zambada could provide a wealth of information to U.S. prosecutors, his arrest will likely spark a new wave of violence in Mexico. Zambada, who […]