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For the first time in more than two decades, Planet Fitness is raising the cost of its basic membership.Planet Fitness basic gym membership will stanley taza increase from $10 per month to $15 per month starting this summer, the company said during a call with investors on Thursday. The price increase will only apply to new members, and stanley cup existing members will continue paying $10 a month, the company said.Company CFO Tom Fitzgerald said Planet Fitness has been testing different promotions for customers and said its approach is the best way to balance adding revenue against losing customers. The price increase will go into effect this summer, only new members who joined after it goes into effect will pay $15 for a monthly membership fee, Fitzgerald said. Current Classic Card members will continue to pay $10 for the duration of their membership. It will take some time for the benefit of the price change to expand our store-level margins as the price increase will only be on new Classic Card memberships. Additionally, more than 60% of our members join as Black Card members. stanley romania Company News Peloton CEO steps down as company slashes 15% of global workforce Scripps News Staff Planet Fitness said Urph CDC director testifies before Senate, offers clarity on new guidance on mask use
The Federal Reserve is poised to cut interest rates on Wednesday for the first time since the 2008 financial crisis to extend the longest economic expansion in US history.The move would come despite a strong US economy. But some cracks are beginning to show: The global economy is softening, American manufacturing is slowing, and the global trade war isn t helping matters.But a potential rate cut would also follow months of pressure from President Donald Trump, stanley website who has broken with his predecessors practice of walling off the central bank from politics.Jerome Powell, the chairman of the world s most influential central bank, has repeatedly pledged to follow economic data, and policymakers have become increasingly worried that uncertainty, caused in part by the President s trade wars with China and other countries, will hamper global growth and dampen inv stanley cup website estment. We are carefully monitoring these developments and assessing their implications for the US economic outlook and inflation, and will act as appropriate to sustain the expansion, Powell reiterated in remarks delivered at a French government conference in Paris on July 16.Even before the central bank signaled the possibility last month, investors had already priced in a reduction in the federal funds rate, which influences the cost of mortgages, credits cards and other borrowing. Those expectations piled on additional pressure on the Fed to move at this week s meet termo stanley ing to avoid rattling markets with an abrupt change in co