Peloton Interactive Inc. shares are rising in pre-market trade after a deal was announced with Canadian giantThe deal will make Vancouver-based Lululemon the primary athletic apparel partner of Peloton, while New York-based Peloton will be the exclusive digital fitness content provider to Lululemon.
The deal comes as Lululemon moves to discontinue selling its digital fitness screen called the Studio Mirror and wind down its digital app-only membership. Evergrande is the world’s most heavily indebted real estate developer and is at the centre of a property market crisis that is dragging on China’s economic growth.
With demand proving resilient, many in the market now see US$100 oil as inevitable, even as the dollar rallies and worries about high global interest rates persist.ALL IN 2023