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Can F45 rebound from millions in losses?

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Renowned fitness group F45 has confirmed 300 of its United States franchise sales have been cancelled, amid drastic financial losses

The fitness group say the nosedive of outside financing is to blame for the major axe.

A lack of third party financing has impacted the ability to carry through with franchise sales.

They have reported a loss of $US38.5 million, for the June Quarter.

“In total franchises, sales declined by 175 in the [US] region. The franchises sold in the US will comprise of 132 gross franchise sales, less 307 terminations during the quarter,”

“The terminations were due to the inability of franchisees to access the financing facilities, we announced that the end of [the first quarter].”

F45’s interim chief executive Ben Coates.
Photo credit: AP

It comes as F45’s share price also tumbled to just $1.35 last month.

However, investors have been reassured that key financiers still support the Mark Wahlberg backed business.

Mark Wahlberg backs the fitness group.

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U.S. Federal Reserve announce rate cut, show great confidence in economy

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The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Markets brace for potential 50-point fed rate cut

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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