• News

    Peloton announces first factory in the US

    Peloton On Monday, fitness equipment maker Peloton announced it will open its first dedicated factory in the US. The Peloton Output Park — “the POP,” for short — will manufacture the Peloton Bike, Bike Plus and Tread products. The factory, set to be functional by 2023, will be built in Troy Township in Wood County, Ohio. The new factory will sit on over 200 acres of land, provide around 2,000 jobs to the region and use renewable energy sources, according to a press release. “The pandemic has demonstrated the need to on-shore manufacturing and rebuild supply chains, and Peloton’s decision to build its first North American manufacturing facility in Ohio…

  • News

    Mortgage rates on May 14, 2021: Rates are down

    John Greim/Getty The principal mortgage rates all declined today with the exception of the 15-year fixed mortgage rate, which held firm. But the average 30-year fixed mortgage rates are down, along with the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage. Of course, mortgage rates fluctuate daily — but they have been at historic lows this year. That makes now a particularly good time for prospective homebuyers to lock in a fixed rate. That noted, before you buy a house, consider your larger financial situation and compare offers from different lenders. Compare nationwide home loan rates from various lenders 30-year fixed-rate mortgages The average 30-year fixed mortgage interest…

  • News

    The Bidens look enormous in viral photo with the Carters. Here’s why

    President Joe Biden is tall, but is he that tall? The president and first lady Jill Biden recently visited former President Jimmy Carter and former first lady Rosalynn Carter in Plains, Georgia, and the two couples posed for a photo. But once The Carter Center shared the image, viewers began to notice something a bit strange. The Bidens look enormous, while the Carters look tiny, leading some to joke that it looks as if the First Couple is visiting a dollhouse. “Very oddly shot photo,” wrote actress Meredith Salenger, also noting the paintings of the Carter family hanging on the wall. “Besides it looking like a dollhouse. Or the Bidens…