Dec 11, 2019

Fitness streaming company iFit raises $200 million

Models wear iFit monitors in 2016. Photo: Robyn Beck/AFP via Getty Images

iFit, an interactive fitness streaming platform owned by the parent company of NordicTrack, raised $200 million led by Pamplona Capital Management.

Why it matters: This reflects how home fitness companies and their investors keep moving toward the Peloton model, minus the highly-questionable ad strategy.

The bottom line: "As a serious runner, I train mainly outdoors. However, treadmills have played a significant role in my fitness regimen for years," said Stephen Regenold of GearJunkie. "But a virtual coach training me from a screen? It seemed like too much. My coach was Tommy Rivers Puzey. He’s a real person, an accomplished ultrarunner, and one of more than a dozen trainers available via the iFit program on my treadmill’s 22-inch screen. Throughout a recent 30-minute workout, Puzey earned my trust."

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Six of the biggest U.S. banks have weaknesses in their crisis plans

Illustration: Lazaro Gaimo/Axios Visuals

The Federal Reserve Board and the Federal Deposit Insurance Corporation found shortcomings in the exit strategies — or "living wills" — of six of the eight largest banks in the U.S., it said on Tuesday.

Why it matters: These living wills dictate how big banks handle bankruptcy during financial distress — or a financial crisis. Bank of America and Wells Fargo are among those currently unable to prove that their top decision-makers can confidently act on crisis-level exit strategies.

Go deeperArrowDec 18, 2019

Elizabeth Warren's campaign says it raised $21.2 million in Q4

Photo: Scott Eisen/Getty Images

Elizabeth Warren's 2020 presidential campaign said Friday that it raised $21.2 million during 2019's fourth quarter.

Why it matters: It's a disappointing haul for the Massachusetts senator, who raised $24.6 million last quarter, and coincides with a sustained drop in her polling after she briefly challenged Joe Biden for frontrunner status in October.

Go deeperArrowJan 3, 2020

What's happened so far at CES 2020

Illustration: Sarah Grillo/Axios

There will be a ton of tech news coming out of Las Vegas this week, and Axios has you covered with all the big news in one place.

The big picture: The biggest products of the year tend to be announced elsewhere, but in terms of sheer volume of consumer tech news, CES is still unmatched. For more on what to expect, check out this preview story. And check back all week for the latest from the Axios tech team.

Go deeperArrowUpdated Jan 8, 2020