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  • Peloton Expanding Into Australia
    Motley Fool

    Peloton Expanding Into Australia

    Peloton Interactive (NASDAQ: PTON) is going Down Under to find a new source of growth. The exercise bike and online classes specialist announced Monday that it is expanding to Australia, for its initial toe-in-the-water into the Asia Pacific region. Australians wishing to get in shape and willing to fork over the money for Peloton's comparatively pricey goods will be able to buy both the Peloton Bike and the Peloton Bike+, the company's popular hardware items.

  • PayPal Acquiring Cryptocurrency Security Company Curv
    Motley Fool

    PayPal Acquiring Cryptocurrency Security Company Curv

    PayPal Holdings (NASDAQ: PYPL) is acquiring a new asset. The company announced Monday that it has agreed to purchase Curv, a privately held digital asset security specialist based in Israel. Curv focuses on security solutions (delivered via cloud computing) for the blockchain, the digital technology that is at the root of cryptocurrencies.

  • Japan downgrades fourth-quarter GDP as companies scale back spending
    Reuters

    Japan downgrades fourth-quarter GDP as companies scale back spending

    The slower growth was mainly due to a sharper contraction in private inventories and capital expenditure expanding less than previously thought in the fourth quarter, even as exports remained solid. Separate data showed household spending was hit by a bigger annual drop in January than in the prior month, a sign the COVID-19 pandemic was keeping consumers cautious about shopping. Private inventories, including raw materials and manufactured products, subtracted 0.6 percentage point from revised growth domestic product growth (GDP), worse than a negative preliminary contribution of 0.4 percentage point.