Steph Curry, a legendary NBA player with four championships under his belt, is already looking towards the future beyond his playing career. During an interview on CNBC’s “Squawk on the Street,” Curry discussed his plans for life after basketball, including his thriving businesses and aspirations for NBA team ownership. At 36 years old, Curry has
Business
Sports betting in the U.S. has reached new heights with the NFL season underway. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion this season. This marks a significant increase of more than 30% from last year’s $26.7 billion in wagers. As the legalization of sports betting expands
Ulta Beauty shares took a significant hit in extended trading following the release of their second-quarter results, which fell short of expectations. The company reported a decline in comparable store sales, marking their first EPS miss since May 2020 and their first revenue miss since December 2020. The decline in same-store sales was a staggering
The year 2024 has witnessed a significant surge in restaurant bankruptcy filings, reflecting a broader trend of increasing corporate bankruptcies across various sectors. At least 10 restaurant chains have filed for bankruptcy this year, and the numbers are expected to rise further. August saw three Chapter 11 filings from well-known eateries, indicating the financial distress
As cannabis consumption continues to evolve, a new trend is emerging in the industry – luxury cannabis retail. Gone are the days of dingy, ill-lit dispensaries tucked away in obscure locations. Now, cannabis is making its way onto Fifth Avenue, alongside high-end retailers like Cartier and Saks. In New York, where adult-use marijuana has been
Airlines across the globe that have historically been eager to expand their fleets are now facing financial constraints that are causing them to rethink their growth strategies. With low-cost carriers and deep discounters struggling to return to profitability, many airlines are postponing the purchase of new aircraft in an effort to conserve cash. This shift
The Food and Drug Administration has granted emergency use authorization for Novavax’s updated protein-based Covid vaccine for individuals aged 12 and above. This development opens up the opportunity for Novavax’s vaccine to compete with the offerings from Pfizer and Moderna in the upcoming fall and winter seasons. Novavax’s vaccine is specifically tailored to target the
General Motors has recently announced a significant change in their all-electric BrightDrop commercial vans lineup by integrating them into the Chevrolet brand. This strategic move aims to boost sales, enhance accessibility, and increase recognition of these vehicles among consumers. The decision to merge BrightDrop vans with Chevrolet is expected to leverage the robust reputation and
In the first half of 2024, the toy industry faced a challenging time due to inflation, leading to a decline in sales. However, amidst this downturn, Lego managed to defy the odds and experience a remarkable 13% increase in revenue. This surge amounted to 31 billion Danish krone, equivalent to about $4.65 billion. Niels Christiansen,
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