With the success of the 2024 Olympics and Paralympics in Paris, all eyes are now on the next summer Games in Los Angeles in 2028. Los Angeles Mayor Karen Bass expressed her concerns about the preparations needed for the event. She highlighted the importance of improving public transportation and addressing street homelessness in the city.
Business
Nelson Peltz, the long-standing chair of Wendy’s, has made the decision to step down after a 17-year tenure at the fast-food chain. This change, effective immediately according to Wendy’s, comes at a time when low-income consumers are eating out less, leading to a decline in Wendy’s sales by over 12% this year. The decrease in
The ongoing negotiation standoff between DirecTV and Disney has led to DirecTV customers facing the possibility of missing out on significant sports programming, including the NFL’s opening “Monday Night Football” game. As of Monday evening, Disney’s TV networks, including ESPN, FX, and ABC in certain markets, were unavailable to DirecTV customers. The dispute has arisen
Discount home goods giant Big Lots recently filed for bankruptcy, citing high interest rates and a sluggish housing market as primary factors contributing to its decline. With revenue of $4.7 billion in fiscal 2023, Big Lots has been a key player in the closeout retail space, offering bargain-basement prices on a variety of home goods.
Boeing’s Starliner capsule recently undocked from the International Space Station much later than initially planned. The spacecraft left without the two astronauts it had delivered to orbit in early June. This unexpected turn of events led to NASA test pilots Butch Wilmore and Suni Williams staying at the ISS until February, when they will return
In recent years, the automotive industry witnessed a significant pullback in advertising and marketing budgets due to a lack of vehicle inventory caused by the Covid-19 pandemic and supply chain disruptions. However, as vehicle inventory levels have begun to grow and economic conditions have stabilized, automakers are once again turning to live sports, specifically the
Activist investor Starboard Value has made a bold move to dissolve News Corp’s dual-class share structure, a direct challenge to the Murdoch family’s control over the Wall Street Journal parent company. This strategic decision, as reported by sources close to the matter, was initiated through a non-binding shareholder resolution. At the time of the push
The Green Bay Packers stand out among National Football League teams with their ownership structure that resembles a publicly traded company. As the 12th most valuable NFL franchise at $6.3 billion, according to CNBC’s Official 2024 NFL Team Valuations, the Packers are the only publicly owned team across the four major North American professional sports
In today’s fast-paced world of professional sports, the business side of the game is just as important as the on-field performance. With the kickoff of CNBC’s Official NFL Team Valuations, fans and analysts alike can now take a closer look at how each team’s overall franchise value stacks up against the competition. This ranking, compiled
With the return of football, sports betting is expected to reach new heights this NFL season. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion, representing a substantial increase of over 30% compared to last year. Despite the growing popularity and legalization of sports betting in numerous states,