The 2024 Olympics and Paralympics in Paris have set the bar high for the upcoming summer Games in Los Angeles in 2028, with key stakeholders expressing confidence in the city’s readiness. Los Angeles Mayor Karen Bass emphasized the need for extensive preparation to ensure a successful event, acknowledging the challenges that lie ahead. Mayor Bass
Business
The ongoing dispute between Disney and DirecTV has left millions of the satellite provider’s customers without access to ESPN and other Disney-owned networks. With the NFL’s opening “Monday Night Football” game just around the corner, fans are anxiously waiting to see if a deal can be reached in time. High Stakes Negotiations Negotiations between the
After 17 years at the helm of Wendy’s, Nelson Peltz is stepping down as chair, signaling a significant change for the fast-food chain. This move comes at a critical time as Wendy’s has been facing a decline in sales due to low-income consumers eating out less. A New Chapter Begins With Peltz’s departure, Wendy’s is
Big Lots, a discount retailer specializing in home goods, recently filed for bankruptcy as a result of high interest rates and a sluggish housing market. The company’s revenue has been on a downward trend, with sales dropping significantly after the pandemic-induced demand for home furnishings decreased. This decline in demand has led to Big Lots
Boeing’s Starliner recently undocked from the International Space Station, marking the end of a troubled test flight that was plagued with delays and unexpected complications. Originally, the spacecraft was supposed to depart much earlier, but due to various issues, the departure was delayed for months. The two NASA test pilots, Butch Wilmore and Suni Williams,
Automakers are once again leaning into advertising during the National Football League (NFL) season after a period of reduced spending in recent years. With Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers leading the charge, the NFL and its games are set to become the main advertising platforms in the upcoming months. Toyota,
An activist investor, Starboard Value, has recently taken steps to dissolve News Corp’s dual-class share structure, marking a significant challenge to the long-standing control of the Murdoch family over the media giant. This move, made through a non-binding shareholder resolution, has raised eyebrows in the financial world. As of September, Rupert Murdoch had control over
The Green Bay Packers have a one-of-a-kind ownership structure that sets them apart from the rest of the National Football League. As the 12th most valuable NFL franchise at $6.3 billion, the Packers are the only team that operates as a publicly owned entity in the four major North American professional sports leagues. Established over
The latest research from CNBC has unveiled the official NFL Team Valuations, ranking professional football teams based on their overall franchise value. Calculated by CNBC senior sports reporter Michael Ozanian, these rankings take into account a team’s revenue, profit, and debt to give a comprehensive look at the financial status of the 32 clubs. It
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