In a recent bankruptcy court filing, it was revealed that the Dallas Mavericks and the New Orleans Pelicans will be leaving their regional sports networks owned by Diamond Sports. This move has left fans of both NBA teams wondering how they will be able to watch their local games in the upcoming season. While the
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Amazon’s retail business is facing a substantial challenge as it strives to increase its profits. With consumers constantly seeking larger discounts and better deals, the pressure is on for Amazon to deliver. Analysts from MoffettNathanson have projected that Amazon needs to generate an additional $90 billion in operating income from fiscal 2023 to fiscal year
Minnesota Gov. Tim Walz recently shared his personal story at the Democratic National Convention, highlighting the importance of Social Security survivor benefits in helping his family navigate through difficult times. After his father passed away when he was just 19, leaving a significant amount of medical debt behind, Walz emphasized how these benefits provided his
The cost of attending college has soared in recent years, with some institutions now nearing the six-figure mark for yearly expenses. According to data from The Princeton Review, certain colleges have a sticker price of over $90,000 for the 2024-25 academic year, and this amount is expected to continue rising. Tuition adjustments averaging around 4%
Edgar Bronfman Jr. has recently made an offer for a controlling stake in Paramount Global, aiming to challenge Skydance Media for ownership of National Amusements, the holding company founded by Sumner Redstone. His bid includes a proposal for National Amusements and Paramount Global common shareholders, with the potential for Shari Redstone to remain involved with
Portillo’s, a well-known fast-casual restaurant chain in the United States, is facing some challenges in its business operations. With the stock market value at $901M and a percentage ownership of 9.90%, the company has caught the attention of activist investors like Engaged Capital. Let’s dive into the details of what’s brewing at Portillo’s and what
As the Federal Reserve prepares to make a decision regarding interest rates in September, more investors are turning their attention towards dividend stocks. This move is seen as a strategic decision by Paul Baiocchi of SS&C ALPS Advisors, who believes that the Fed will be easing rates in the near future. According to Baiocchi, investors
After the bell, several companies experienced a surge in their stock prices. Cava Group, for instance, witnessed a 6% increase on the back of a strong earnings report. On the other hand, Ross Stores also saw a significant rise of about 6% following an earnings beat. Workday, the cloud company, jumped more than 11% after
Despite the anticipation surrounding Federal Reserve Chair Jerome Powell’s upcoming speech at the annual gathering in Jackson Hole, the reality is that the market has already priced in rate cuts beginning in September. The consensus is that the Fed will continue to cut rates through the end of the year and into 2025. While the
Affordable housing has become a significant topic in the current economic landscape, with various proposals being put forth by political figures to address the issue. Vice President Kamala Harris recently highlighted the need to make homeownership more accessible by lowering the costs associated with buying and renting homes in the U.S. During a speech in