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
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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
Airlines across the globe have been grappling with financial challenges, particularly low-cost and deep discounter carriers. In an attempt to save money and navigate the impact of engine repairs, many airlines are deferring the purchase of new aircraft. This strategic shift comes as airlines strive to return to profitability in the face of increased costs
The Food and Drug Administration has recently given the green light for Novavax to distribute its updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This move opens the door for Novavax’s vaccine to enter the competition against the well-established Pfizer and Moderna shots in the upcoming fall and winter seasons.
General Motors has recently announced a strategic move to fold its all-electric BrightDrop commercial vans into the Chevrolet brand. This decision aims to boost sales, accessibility, and recognition of these vehicles in the market. By integrating these electric vans into the Chevrolet lineup, GM hopes to leverage the strength of the Chevrolet brand to drive