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Peloton is recalling almost 2.2 million exercise bikes because the seat post can break

Peloton is recalling 2.16 million exercise bikes in the US and Canada because of a risk that the seat post could break during use, causing injuries.

The US Consumer Product Safety Commission said on Thursday it had received 35 reports of the seat post breaking and detaching from the bike during use. There were 13 reports of injuries due to falling from the bike, including a wrist fracture, lacerations and bruises.

This recall involves Peloton bikes with model number PL01, sold from January 2018 to May 2023.

The product is being recalled in both Canada and the United States. The

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How Do I Get Out of My Non-Compete?

In healthcare, there has been a large expansion in non-compete clauses. Many of our clients would like to find a way out of their non-compete clause when looking to leave their current employment.

We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date. (To subscribe to our blog ).

The first way to avoid breaching a non-compete clause is to have your attorney negotiate a contract without a non-compete clause before beginning your employment.

Sometimes, non-compete clauses are unavoidable. So what can you do in that

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Raleigh developer sells Summerville residential community > Charleston Business Journal

A Summerville luxury residential community has been sold to a Boston-based real estate investment firm.

Raleigh, NC-based Terwilliger Pappas, a multifamily developer, has sold Solis Nexton, a 320-unit luxury residential community in Summerville, to West Shore.

Financial details of the transaction were not disclosed.

West Shore, a multifamily real estate investment firm, now owns and operates 45 properties with over 14,000 units in seven states, according to a news release. The sale marks the 29th community completed and sold by Terwilliger Pappas since the company’s founding in 2013.

Related content: Hotel coming to master-planned community in Summerville

Solis Nexton is

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US small business optimism deteriorated in April, the NFIB says

WASHINGTON, May 9 (Reuters) – US small business confidence fell in April on worries about the near-term economic outlook and persistent worker shortages, according to a survey released on Tuesday that also indicated inflation was easing.

The National Federation of Independent Business (NFIB) said its Small Business Optimism Index dropped 1.1 points to 89.0 last month. It was the 16th straight month that the index remained below the 49-year average of 98.

The share of owners expecting better business conditions over the next six months fell two points to a net negative 49%. A net negative 19%

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Does Canada really need a digital loonie?

The Bank of Canada is wading into the fraught and controversial world of digital currencies, launching public consultations this week into how Canadians might use a digital dollar.

“We’ve been researching a digital dollar for quite a while now,” said Carolyn Rogers, the senior deputy governor of the central bank. “And we’re at a point where we need help from Canadians, we need to understand what Canadians want.”

And yet the bank maintains there is neither a need nor a plan to launch a digital loonie.

So, why bother with the public consultations at all?

Rogers says more transactions are

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Team Adams ordered to cough up nearly $20k in campaign finance-related fines

Major Adams’ inaugural committee got socked Monday with $19,600 in fines for violations it committed immediately before and after his Jan. 1, 2022 swearing in, according to a ruling from the city’s Campaign Finance Board.

At a Monday morning hearing, the board found that Adams’ inauguration team ran afoul of three campaign finance rules that apply to entities that handle transitions and inaugurations.

One of the violations — for failing to respond to the board’s information requests and for providing late responses to requests — carries the largest fine of the three and will cost Adams’ inauguration committee $14,400, according

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China and US debt concerns may dominate the G7 finance chiefs’ talks

Open this photo in gallery:

People walk down station stairs featuring the logo of the G7 Finance Ministers and Central Bank Governors meeting, in Niigata, Japan, on May 10.Shuji Kajiyama/The Associated Press

China will be the elephant in the room at this week’s meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country – but also try to get Beijing’s co-operation in solving global debt problems.

The conflicting goals come on top of the vulnerabilities of the G7 rich democracies face due to their heavy reliance on China, which is

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Financial Freedom for Small Business Owners: A New Era of Accounting Solutions

Did you know that over 50% of small businesses failed in the first five years? In most cases, a lack of financial freedom is the main reason these businesses fail. Small business owners face various challenges in managing their finances, from bookkeeping and accounting to tax compliance and cash flow management.

These tasks can be time-consuming, complicated, and sometimes overwhelming, especially for entrepreneurs new to the business world. However, a new era of accounting solutions is changing the game for small business owners. With the help of advanced technologies like artificial intelligence, cloud computing, and payment processing platformsit’s easier

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