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Apple's vice president of fitness technologies Jay Blahnik will retire this summer, bringing to an end a 13-year stint with Apple that was marred by accusations that he created a toxic work environment and sexually harassed an employee.


In an email to employees this week, Apple said Blahnik, 57, will retire in July "to spend time with his family and make an exciting move to New York City," according to The New York Times.

Blahnik joined Apple in 2013 after two decades as a consultant at Nike. He played a central role in developing the Apple Watch's iconic Activity rings (the three colored circles that users close daily by exercising, standing, and burning calories) and later oversaw Fitness+, Apple's subscription workout service featuring video classes for strength work, HIIT, cycling, meditation, yoga, and more.

His leadership of the Fitness+ team however drew serious complaints. In an August 2025 report by the Times, nine current and former employees accused Blahnik of being "verbally abusive, manipulative and inappropriate." More than 10 of the roughly 100 employees on his team had sought extended mental health or medical leaves of absence since 2022, the report said.

Apple settled one complaint alleging sexual harassment by Blahnik and is currently defending him in a separate lawsuit brought by employee Mandana Mofidi, who accused him of bullying. That case is scheduled to go to trial next year.

When employees raised concerns about Blahnik's conduct, Apple initiated an internal investigation and found no evidence of wrongdoing, so Blahnik remained in his role. At the time, Apple spokesperson Lance Lin called the NYT report full of "many inaccurate claims and mischaracterizations," but didn't specify which claims the company disputed.

It's unclear who will succeed Blahnik at Fitness+. Meanwhile, the future of Fitness+ is itself said to be "under review," according to Bloomberg, with services chief Eddy Cue apparently "considering changes" to the service.

Apple Fitness+ launched in 2020. In the U.S., the service costs $9.99 per month or $79.99 per year. Apple Fitness+ is also available as part of the Apple One Premier bundle, with U.S. pricing set at $37.95 per month.
This article, "Apple VP Behind Activity Rings Retiring After Misconduct Claims" first appeared on MacRumors.com

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Monetary tightening impacts investment outlook in Colombia.

Colombia’s Banco de la República is preparing for a significant shift in monetary policy as inflationary risks deteriorate. According to the latest report from the Dirección de Investigaciones Económicas, Sectoriales y de Mercados at Bancolombia (NYSE: CIB), persistent internal pressures and a less favorable external environment are driving the need for a more restrictive stance.

Bancolombia’s analysts expect the Junta Directiva of the Banco de la República to increase its policy interest rate by 100 basis points, bringing it to 11.25 percent. This forecast suggests that the first half of 2026 will be characterized by a more aggressive tightening cycle than previously anticipated, with the rate potentially reaching 12.75 percent.

The international landscape is playing an increasingly decisive role in these local policy configurations. A recent week of central bank decisions globally revealed a shift in tone among major financial institutions, primarily due to rising uncertainty stemming from the conflict in Iran. This geopolitical tension has directly impacted costs for energy, transportation, and agricultural inputs.

“The increase responds to the need to send a clear signal of commitment to price stability.” — Dirección de Investigaciones Económicas, Sectoriales y de Mercados at Bancolombia.

In the US, economic activity shows signs of moderation, yet producer price inflation in February exceeded expectations. The yield curve for US Treasuries, managed by the US Department of the Treasury, has shown mixed behavior as the conflict escalates, with the spread between 10-year and 3-month bonds reaching levels not seen since 2023. Inflation expectations in the US have rebounded in the short term, though they remain anchored over longer horizons.

Forecast Category	Mar-25	Sep-25	Dec-25	Feb-26	Mar-26
Year-end 2026 Inflation	3.7%	4.0%	4.5%	6.2%	6.2%
Year-end 2027 Inflation	—	—	—	4.8%	4.8%
Year-end 2026 Policy Rate	6.50%	8.00%	9.25%	11.75%	11.75%
Year-end 2027 Policy Rate	—	—	8.00%	9.75%	10.00%

Domestically, the business indices from think-tank Fedesarrollo showed mixed results for February. However, there are positive indicators in the labor market, as the urban unemployment rate across the 13 primary metropolitan areas continued its downward trend. Additionally, goods exports recorded an advance during the same period.

In the local fixed-income market, the TES fixed-rate curve saw a recovery last week. However, the March Financial Institutions Survey suggests that devaluations of TES may persist in the short term. Long-term TES Class B placements in the first quarter reached 1.0 percent of the GDP.

Energy markets remain volatile as crude oil inventories in the US increased beyond expectations in the third week of March. Despite this, the price of Brent crude rose toward the end of the week, driven by skepticism regarding a potential ceasefire in the Middle East. The Colombian peso appreciated over the past week, tracking the intensity of the regional conflict.

The equity market results for the fourth quarter of 2025 remained neutral and aligned with market expectations. Global volatility continues to be shaped by energy shocks, geopolitical strife, and a cautious approach toward investments in artificial intelligence.

The projected rate hike by the Banco de la República is intended to send a definitive signal of commitment to price stability. This adjustment reflects not only recent inflation trends but also a strategic effort to prevent the further deterioration of expectations in a high-risk environment.

Headline image: Bogotá headquarters of Banco de la República (Banrepublica). Photo credit Juan Enrique Rodríguez, courtesy Banrepublica