The Latest Breaking News from Barry McCarthy

The fitness company's CEO isn't bothered about lagging hardware margins.

The company’s chief executive insisted the business was no longer “on the brink of extinction” as its second-quarter earnings were published.

Rain played spoilsport in England's already shaky chase, helping Ireland defeat the former champions by five runs as per Duckworth-Lewis-Stern (DLS) method in the Group 1, Super 12 match of the ICC T20 World Cup at Melbourne Cricket Ground (MCG) on Wednesday. Read on for details:

Ireland were well on their way to a second-straight defeat in the tournament as they slipped to 61 for four in pursuit of 177, but their fifth-wicket pair produced a masterclass to turn the tables

They put on an unbroken 116 in just 57 balls, Campher with a swaggering 72 not out off 32 and Dockrell making an unbeaten 39

Peloton stock is off after the connected-fitness company's earnings report. Here the level it needs to hold as support.

"Q4 will be the high water mark for write-offs and restructuring charges related to inventory and supply chain issues and the beginning of the comeback story for Peloton." said CEO Barry McCarthy.

"Expanding our distribution channels through Amazon is a natural extension of our business and an organic way to increase access to our brand," said Peloton CCO Kevin Cornils.

Interactive fitness company Peloton Interactive (NASDAQ: PTON) has been undergoing a transformation in 2022 that includes a new CEO, cost cuts and employee layoffs. A new plan might include seeing customers assemble products themselves.