Discount retailer Big Lots made headlines recently as it filed for bankruptcy due to a combination of high interest rates and a sluggish housing market that impacted the demand for its affordable furniture and home decor offerings. In a deal reported in court records, Big Lots agreed to sell its business to private equity firm
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In recent years, automakers had taken a step back from advertising during the National Football League season due to various reasons such as low vehicle inventory levels, the Covid-19 pandemic, and supply chain problems. However, there seems to be a shift in this trend as Toyota Motor Corporation, Hyundai Motor Company, and the Detroit automakers
Activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure, potentially threatening the Murdoch family’s control over the Wall Street Journal parent company. This move was made through a non-binding shareholder resolution, indicating a significant push for change within the company. News Corp’s current structure, giving Rupert Murdoch almost 40% control
The Green Bay Packers, a storied National Football League franchise, stands out among its counterparts for its unique ownership structure. Unlike the other 31 NFL teams, the Packers operate more like a publicly traded company, with ownership dispersed among individual stockholders. This unorthodox model sets them apart as the lone publicly owned team in the
In the world of professional football, team valuations play a crucial role in determining the overall success and financial standing of a franchise. CNBC’s Official NFL Team Valuations provide insight into the intricate financial workings behind the scenes of the NFL. With senior sports reporter Michael Ozanian at the helm, these rankings take into account
Steph Curry, a four-time NBA Champion and 10-time NBA All-Star, is already thinking about his life after basketball. In a recent interview with CNBC’s “Squawk on the Street,” Curry discussed his plans for the future, including his businesses and goals post-retirement. The 36-year-old athlete is the owner of a media company called Unanimous Media, as
The return of football marks the anticipation of record-breaking betting in the United States. Recent projections from the American Gaming Association suggest that U.S. adults are expected to wager approximately $35 billion during the upcoming NFL season. This figure represents a significant increase of more than 30% compared to the $26.7 billion wagered during the
Ulta Beauty recently faced a setback as their shares dropped by 7% in extended trading after falling short of second-quarter expectations. The company experienced a decline in same-store sales, marking their first earning per share miss since May 2020 and the first revenue miss since December 2020. Comparable sales for the second quarter fell by
The year 2024 has seen a significant surge in restaurant bankruptcy filings, reflecting a broader trend of corporate bankruptcies across various sectors. At least 10 restaurant chains have already filed for bankruptcy, not including multi-unit franchisees, with three Chapter 11 filings occurring in August alone. This increase in bankruptcies can be attributed to a combination
The consumption of cannabis has taken a significant turn in recent years, making its way even to Fifth Avenue in New York City. As shoppers stroll past luxury retailers like Cartier and Saks, they can now also pick up pre-rolled joints of New York state-grown marijuana from a licensed dispensary. Since New York legalized adult-use